I think there is something going on that we cant see. If this was just a money grab, certain things wouldnt have happened:

1. No need to bring on additional board members and give them shares

2. No need to add the recently acquired claims. JB, by all rights, could have used that money for wages legally owed to him

3. No need to change CEO. The company was still breathing, albeit with almost agonal respirations.

4. The multitude of questions that were never answered. Answers could have easily been given that were vague, rehashed, and/or misleading just to appease. Instead, nothing was said. Why? I think most likely SEC rules. Its easier to spew garbage and keep the money flowing rather than say nothing and allow shareholders to form their own thoughts and opinions which can, and usually does-it is human nature, turn doubtful or negative.