King being the largest shareholder will be suffering the largest...

King being the largest shareholder will be suffering the largest "paper" loss per se, but that is not knowing what capital he has actually put into it. It would be a hard task to determine if he has recouped his capital over the years and is free carried but the sheer amount of shares he owns it would be a massive depreciation of his holding value.

For example Kings holdings:
165,785,208 @ $0.013c as at 20th April was worth $2,155,208
165,785,208 @ $0.005 as at todays losing price is worth $828,926 - a paper loss of $1,326,282 in 8 weeks.

So yes, totally agree that it maybe time for him to let go and hopefully some new blood could get the potential released from GPP's assets.

All IMO only

cheers