LOL!! Can't wait to see what that "fantastic plan of action" is. I strongly suspect it hasn't yet been shared with a securities attorney.
You're right; Jake has no clue. If he really wanted to take control of the IFLM shell--and why would he, really?--probably Ritchie would have been thrilled to sell him that Series A and Series AA stock. Probably for less than Jake's so far paid to buy on the open market.
I suspect that before this comedy is over, Jake will have learned some Valuable Lessons.