Your basic assumptions are quite likely correct.
Luiten seems to have Dumped and got himself out of personal bankruptcy and started anew on the backs of Zeng Bagholders.
Do you think Singh got paid off in shares too??
Whatever happened to him??
jmo
They took my money and ran away. $500k+ (aprrox - my guess) was given to promote the stock, while Luiten, Singh, their family members dumped all. Bought houses, cars, and left the SCAM to us.