Share price can continue to descend caused by the continuing CEO sell (regardless of price received for shares) to the de-listing point. And then, we wait for contracts, difference being, CEO can no longer benefit with the unlimited over time continuous public sales, with no end in sight. And it would be the same outcome for us "long hold" shareholders... only without the daily torment.
So, oddly, de-listing might possibly be a perk for serious longs.
This is not about estate planning, as that could be accomplished by an estate freeze.
Here's a thought... options for existing shareholders.