Owners probably transferred the share as collateral to settle...

Owners probably transferred the share as collateral to settle some sort of personal debt.. perhaps gambling debt.

Now owners holding is less than 50% of shares and they’re scared they might be voted out, from the company they founded. Hence trying every tactics to stall everything..

Best possible way out for owners from here is to offer a shares buy back. At 15 cents per share, everyone will take up the offer, at 10 cents most will take up the offer, at 5 cents some will take up the offer.

Alternatively, they could start syphoning the $50 mil cash in bank. But there’s too much media attention now, if they get caught. It will be jail time for father & son.