'Lapbid', I believe you've hit the nail on the head. He will still have the units to sell and will certainly do so in my estimation. And guess who the patsies are in this game?
Absolutely. Let's pretend this deal is real. He could just start up another LLC "Cardinal Water Resources Inc." as a private company, convince the Cameroonias, Panamanias, etc. to send the cheques there, and keep all the profits for himself.
Why would KJ share his profits with shareholders of a soon-to-be-delisted penny stock?
Certainly not out of integrity... he's proven he doesn't have any of that.