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Well, by the same analogy, if they are all lawyers they know that the executives (and eventually the board of directors) can be held liable for falsely inflating their claim to assets, so they have to have reason to believe they might win.
Your description of the company sounds right to me, but to say they are a pure fraud existing only to scam stockholders, well, thats a bit hard to believe. They must be holding some kind of hand.
Certainly I was hoping the company would collapse. But, there is still the question of the patent. The patent will just be sold to someone else, and this will start all over again.
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