Since there is no technology of value to get (see the rejection of all claims by the patent office on Bordynuik's technology, and the $55,000,000.00 accumulated deficit), that can't be the explanation.
"... it appears a large shareholder wants to put the company out of business in order to acquire the technology. ..."
If the large shareholder is the largest shareholder remaining-- then you have a retired former Head of Risk and Credit Management for Merrill Lynch asserting his influence on BoD composition.
That, in and of itself, would not seem to be a bad thing if true-- no?
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