i think its possible. i think this video conference from jared will need to be effective in order for sh's confidence. if he tells us he balked at more than .25 per share "as a sign of things to come" and doesn't have anything in place to back it up, i think even many of the longs will bolt.
he also needs to explain the additional shares and why he didn't inform the sh's before hand.
overall, he needs to gain sh's confidence, establish his credibility and leave the sh's with the feeling he knows what he's doing. if he doesn't, this stock may not recover.
last point, the company never came clean with how many shares the buyer's bought on the open market and i think the sh's need to know. if they've been the one's accumulating, and he opens the flood gates on the new a/s's, they may do a lot of damage and this is a huge concern.
cheers,