Yes, the only real damage will be to whatever's left of his reputation, and to his self-esteem, perhaps.
But remember: When EIGH first produced that contract, it was dated September something, 2010. They then came up with a second one, dated much more recently, and tried to explain that the earlier one had never existed.
An explanation that was unconvincing in the extreme. So... Did Sully get stock twice? Did he perhaps sell the first lot when the price was still relatively high?
Just strolling down Memory Lane... Here are the two Sully contracts, with the different dates. The first, dated 1 September 2010, is now "inactive" at OTCMarkets, but it's still there, and will always be there:
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