He has been spineless for a year. He thinks he is this tough guy who is so great at his job but when it comes down to it he has done nothing for 3 years and when someone points that out he pouts and hides from shareholders. He doesn’t have the balls to face questions because all his lies would unravel.
Option B is to let weak hands sell to strong hands, and wake up to $1/share news days or weeks later. If I was the CEO I would let them sweat, for their lack of faith and patience.