If they were buying shares on the open market, doesn't that mean they were believers? I've not verified your calculation that they were buying shares on the market, but, if they were, that would argue against an intentional looting scenario, wouldn't it?
I don't know about the current management. Rosenberger I liked. The current management are the ones who couldn't manage to hire auditors in time, or file for enough extentions, and ended up dropping the stock onto the pinks. It's hard to like someone that does that, but they might yet prove to have redeeming qualities.
When I say "Nevada wont ever dissolve me" I am pointing out that NYVR needs to register again in a couple of months. If they fall far enough behind on that they are dissolved. There are only 4 things that can happen, they can come up with a business plan, they can sell the invention to someone with a business plan, they can sell their losses to someone who can write them off, or they can just fade away and get dissolved by NV. If they let their losses go stale, they will end up dissolved.
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