JB was getting "advice" from Anslow & Jaclin. Check their history.
The shell was pre-reg sho - controlled by an $80 bn fund - the originating company had been "taken private", and the media credits thing had been done at least TWICE before with no repercussions so I imagine they were able to convince JB that it was legit.
... except this time those who set up the shell wanted to see the company fail and somehow the SEC was convinced at an opportune time to file against the company, bring down the stock price, and force additional dilution.
An answer to your question "What dirt was in the shell that wasn't generated by Mr. Bordynuik's actions on purpose"
Why would you think that I would divulge others' private information?
I don't and that's why people trust me.
What is the breakdown of family members who have never sold, family members who have sold to recoup original investment, family members who have heavily sold, and family members who have never sold?