I don't think it is a stalling tactic -- it is a mess, just as Deprived described it. Don't forget there are also 260 BTC worth of Ciphermine bonds (plus unpaid interest) to deal with.
And until CipherTrade FINALLY (#@$!%$#%@^!!) opens the doors, noone knows what the bonds are worth either.
It seems fairly obvious that they are worth zero, in that holders of DMS shares will never see a satoshi's worth from those "bonds".