Back to my favorite guilty pleasure drama in bitcoin.

Can someone with shares answer this...

Did he really add 100,000 shares and THEN ask for a vote?  I remember from the Scharmbeck disaster that once shares are released the company can use those as votes until they are purchased.  Doesn't that basically give him half the votes even assuming he didn't buy some back in the first round?  If this is true that's pretty fucked up...