Patently false = "This plan has put stock at $1.30 with a host of serious issues and thus the need for a proxy fight"
A severe coordinated short attack is responsible for the price to descend to these levels along with a bunch of gold-diggers - the Rosenbaum-Patterson "we make it up, so it sounds good, but is just to get our foot in the door and screw everybody but ourselves" team
The SEC may already be looking into some activities, who, what, how, why, and further up the food chain looking for the "players behind the curtain."
At the same time the Gold Diggers will get their day as well - and it may be more than the "comfy chair." I guess gold-diggers weren't expecting Nader to roll in a serious legal cannon..........booom!
IMO