They didn't do anything illegal from what I can tell nor did they have any bad intentions. They are simply not qualified to run a company with a blockbuster potential product. They cannot do a competent financing deal commensurate with the potential of their product. They are "letters" with expertise in clinical studies, statistical analysis, procedural filings, etc. They are getting paid way above their pay grade with no skin in the game. They do not have the expertise or acumen to deal in the real business world.
If Jenny was on "Shark Tank", I would have to say I love your product but I have no faith in you. Unless I see a magic trick today, I wouldn't buy any more of this stock at any price until you, your fellow corporate officers and the board is GONE. Watch a few episodes of Shark Tank on YouTube. Brush up on things.