I think it is unlikely he will make the company bankrupt. Otherwise, he wouldn't have put more money and the escrow period of six months have already passed. He hasn't dumped anything on the market yet. Also, the son is running the company. He has majority of the profit anyway.
So the opposite might happen, he will run the place better than previous management. But whether the share price will reflect that will be a question. It will take a lot of good results and rewriting the narrative to earn back the trust of other investors given what had happened last few years. Share buyback and dividend in 2 year to 3 years time might change the mood.
It will be a long way ahead if any.
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