I think I remember that he had a solid majority of the voting power until the end of September, and they voted to approve the RS already. That's a given, and there'll be no taking it back even though that majority voting power will be lost. Even if the shareholders decided to mutiny, it is a catch-22. If there's no stock to sell (or no stock sales), the company goes under. A RS to free up stock to sell will delay that outcome, though it may happen if the operational deficit isn't corrected.
As I glanced through things just now, I looked at those 8-K's from April, what the heck is going on there? Is there a liability about to blow up in this company's face? I couldn't figure it out from a quick read.
Also, why the heck have they gone dark with the annual report, they're risking getting suspended, and that will wind up being the end?
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