I also believe that, but the shorts can exploit this. I mentioned AEZS here, if you do not know the story, go google that. The situation is not identical, but similar.
aandt I don't know what his intentions are. What I don't understand is that he appears to have demanded terms that put other shareholders totally at yhis mercy if his intentions are good. Does he want the pps to drop a lot more? Putting the company at his mercy looks a good recipe for the pps to continue collapsing.