Ha ha... That is funny! Nice try- this Board is a close-nit group that has been here a long time. Don't waste your time on statements like that- you aren't going to convince anyone.
They would have done it before issuing the "control block" of common stock (same shares we own)
It would have been the first thing they did. Way before issuing common stock, then announcing the merger and the name/ticker change. They wouldn't go through all of this process, announce name/ticker change and then say oh now btw screw you new shareholders. and ourselves