"Sorry, I don't understand the reasoning of the post."
JB resigned his positions in accordance with the letter agreement in May of 2012.
He signed the consent agreement accepting the 5 year officer/director ban in November of 2012.
The fact that he signed the consent agreement in November did not become public until January 23, 2013.
Between November of 2012 and January 23, 2013 the company sold Preferred shares for $8million plus.
Did the buyers of those shares know about the consent agreement signed by the company's founder, former CEO and director and then current Chief of Technology? Were they entitled to know? If they were entitled to know, were YOU entitled to as well?
Maybe that's clearer.