The board has had some changes of membership...admittedly, for the better. But is it good enough, with Goldstein and his right hand man on the board? and longtime derelict "independent" director Bud Laber occupying 3 of 5 seats. And outside shareholders having NO seat at the table?
It really is a question of whether or not the board has the courage and self-respect, to do what is right. That remains to be seen. As I have said in my public filings, the company should, self-evidently, NOT be public. It should be sold to the highest bidder, taken private by the CEO, or there should be a major tender offer, at 50 cents a share, made to those shareholders who want to divorce themselves from the CEO's sordid, and destructive, reign.
I wouldn't expect the SEC to take any action. This is below their radar screens. Besides, the business judgement rule allows these guys to get away with almost anything...and they unfortunately know it.