He needed the money from the secondary to survive. It was the better two the two evils. If he reported the company would not have received the greatly needed cash. If he left out all they can get is the E and O policy limits. I would have done the same thing. Opps I'm sorry that data was immature. Here you go. But that occurred after he received the money from the secondary.
Thanks windsor. I don't know if you got left holding the bag like me? If RUCA is approved and ROCI is not. Where do you think the price of the stock will go? Also do you still think it will get taken over?