I`ll entertain your theory for a second -
Even if was the case, there has to be some type of immediate audit trail to show movement of the shares out of Swartz ownership. The best way to show immediate records, is to transact them out as a sale...How they get routed to friendly hands after that?...whatever way is legal, if there is a way.
BTW, Swartz has made soooo much money off us with past warrants/repricings, it behooves them to not get too greedy, we`ve made life pretty good for them in the past.
regards