Yea, it is hard to sort out, with that individual, how much is feigned or real ignorance. As far as I know the issues that are to be brought before the commission are directly related to the SPAC, but are not dealing directly with the technical details.....that is up to Nevada and the SEC....if ever.
The defaulted corp. that held the shares and then was subsequently raided of those shares.............and sent to the "nominees" to sell on instruction...without registration nor "prospectus".....is one of the main issues before the commission. I am not sure what kind of argument would be presented to the commission to counter this. Ignorance seems a little lame. But I am sure that they will come up with something creative. They have a great history of that.