The short answer is that SKTO existed as a public

The short answer is that SKTO existed as a public company before iequity, and SKTO will still exist as a public company in the absence of iequity, or if iequity were forced to disgorge controlling interest. There are SEC restrictions and prohibitions on so-called "bad actors." The definition is rather broad. There is a section on beneficial owners of 20% or more of the firm's voting power. If the SEC finds actionable violations of securities laws by beneficial controlling shareowners, it's Jan and iequity who are in the soup, not SKTO.