Not even close. He agreed to stay through the IPO and landed a President's job at a very good company. He has been planning to upgrade. These days accounting is hardly an issue as the management is personally libel.
They are forecasting $65MM of EBIDA. The stock is selling at 9x EBITDA and 18x earnings. That is cheaper than the S&P500. The are taking ad market share from everyone. The are growing at 50% plus. This is great buying opportunity.