The only transaction under consideration is the reverse split. The CFO is an idiot. How does a chief financial officer bring a company to the edge of BK and brag about it? Be objective. A buy out at 10 times the current market cap? Maybe at a 30% premium which would be about two bucks is more like it.
I see absolutely zero reason for Tony to have been there this long if it's not related to a buyout or major deal involving a change of control. Just don't see it with his pedigree. Also, a new more fitting CEO shouldn't be that hard to find given this company's science and potential upside. Hopefully we hear soon.