I think your concluding statement is spot on. With S-1 and spin just around the corner I believe that Gennie doesn’t want to be seen as a
hucksterish ‘bad actor’...in a landscape filled with cons and hucksters. This, by the way, confirms Gennie’s behind-the-scenes activity over the last month. For a company with a bad reputation, now seeking respectability and trust, this is the only path open to them.