Long Ball,

The most obvious answer would be that Lori was trying to free up as much cash as she could, while driving down the share price using the downward pressure of all her sales. With this cash she would be able to hugely increase her position through the insanely cheap, insanely huge private placement.

The other directors really don't seem to have anything to do with the company. What Lori says goes, it seems. It's not as though they all sit down in a board room and have meetings, otherwise Murray would be sitting in on those meetings. The BOD seems nothing but names on a pointless list; it's time for that to change.

IMHO, GLTA