From Arrington's reporting, it looks like minority shareholders were squeezed out (not bought out) and cap table was heavily modified. It doesn't matter how careful you are and how right you think you are, when you make a decision to wipe out holdings, a lawsuit or a threat of lawsuit will eventually come and minority will have a strong case against the board. No wonder none of the board members talked to Mike and no one gave statements for the record... they know they'd be exposing themselves to liability.