Ya sure. Being down 90 plus percent after averaging down
Go back and review the time period the largest block of discounted shares were sold in to a 3rd party. Compare the PPS during that time period. It was sometimes in the range of 0.02-0.03. By my calculations if they had unloaded all of the discount shares at 0.011, they would have made $1M. Obviously the more they sold above 0.011, the more they made. They probably made $2M+. The 3rd party holding the shares was not an insider. Neither did they need any insider info to make the $2M+. All they had to do was contract in a MM. Tell them to sell N shares at best price, over a given period of time. The MM then cranks up their trading computer program (more likely contracts a trading computer), and it sits there day after day offering up 100K Ask lots. Careful not to flood and take out the Bid stack. So Kenny sells discounted shares to a 3rd party, who contracts in a MM to dump em, and SHs get to post about evil MMs keeping the PPS down. Or a conspiracy about large pharma keeping the PPS down. Reality is much simpler.
The problem is your last 2 words "Legal thievery". The only thing Kenny has to pay is tax on his ill begotten gains. Unless he screws up (e.g. violates Rule 144), he'll walk away clean and unencumbered by anything legal. Then his designated replacement in the future comes in. Remember, there's still at least two more scam angle to play out: Diabetes, and THC. That ought to be worth years worth of entertainment to come.