Bob,
There is a law of quantum physics called the Heisenberg Uncertainty Principal. One of its corollaries is that at the quantum level the process of making a measurement can in itself affect the result. IMO selling 20 million shares of a company with an average total daily volume of 300K shrs will all by itself influence the trajectory of the stock price significantly. And those dark roboseller days left a bad taste in many an investor's mouth.
Sure, the stock would have not hit 80 cents without Pman. But I'll bet it wouldn't have hit 7 cents on the way down without him either. He did as much damage IMO as a bad marriage. I personally do not care how good a job he did "for his investors."
Strike