Great post LTG. You summed the situation up perfectly. My only quibble is your assertion that they blackmailed shareholders. The shareholders did it to themselves. The writing was on the wall even back then about the Bitters way of doing business. We enabled them. If the RS had failed we would likely be at 3-4 cents pre split and would have a shareholder advocate on the board providing a proper level of transparency. Anyone who voted for the split has no grounds for complaints.
Too many were drinking the green colored Kool Aid is my hunch.
I proudly voted against the RS. Pity is the next time they need a RS to elevate the SP-- so we can get to the big bigger exchange(right)--they won't need a vote.