Sounds like a plausible theory.
There's no doubt that Klepsy's up to some shenanigans. He always is. That's his track record. I know almost every executive who has ever worked for him. It's not a pretty picture. He ends up ripping off every one of them. And, of course, embarrassing them. He has given the all shares in BLLN--but never registered them, thus rendering them even more worthless than they are now. He always made promises that he never kept. When threatened with lawsuits by these execs, his reply was "I eat lawsuits for breakfast". I think that's pretty evident from his history with the courts.