Max bought his shares after the consolidations, and it was even...

Max bought his shares after the consolidations, and it was even suspended on him , so he couldn't sell his stock . So for him the only answer was to go to the inside.
It has been suggested here , the reason it was suspended was that they didn't do the annual report, because it was too hot for the Auditors to sign off on , and that might likely be right. Ask yourself if you think it was trading insolvent.

So at the very end the Board is to strip almost every piece of shareholder value, when they sell the sole project for 7 million, and pay out their last financier . You can see how the shareholders were played for absolute mugs
So because LDA will be prevented from voting, the ex convertable note holders will control the company & the capial providers will be paid out , and the shareholders , will have shares in a near empty company . This is what Max should be worried about, that thse shares are going to be valueless