My response would be what did he pay himself for the company's acquisition, what is it worth, how much capital will be required to go from "IP" to something that can be sold, and where's it coming from?
Once again, this is a public company, all transactions are documented, all monies in or out as well. Those rules are to protect the public/investors. Just like every other stinky pink company that has no cash, "acquisitions" wind up being a stock transaction, "raising money" winds up being convertible notes, and "IP/Patents" are typically unmarketable, but are adequate as a fairy tale to lure in the naive to buy some stock.
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