I would like some guidance on those shares and how they plan to handle them. If they were supposed to come off restriction during the custodianship but Pearlman didn't do it, can they be canceled? Probably not but I would like to know how they will settle it.

The good thing about those shares is that it's a finite amount. Not like a toxic note where they convert at a steep discount to trading price and can end up crushing a stock indefinitely because the lower the pps goes, the more shares the converter gets.