Some of the more interesting OTC companies I have come across, died not because of what the directors/officers did, but because 2 or more large stakeholders/money backers got into a control battle, or some kind of battle that cut off the money that was keeping the doors open. The players and reasons vary, but these companies rarely , if ever, survive if run by committee, and cash flow is their life blood.
This one had its first stroke when oil prices collapsed 9 years ago. It was barely on life support when outsiders / new stock holders tried to save it as a public company. Like I said though, when there is no single person in ultimate control, or agreement between parties, shit happens.
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