They need to hold onto the dream because they have nothing else. They also have a herd mentality.
To claim there will be a negatively viewed PR based on a BoD change is insane.
Did they not think the flurry of bad news from the 10K and proxy statement was good for the stock? Do they think investors don't look at that?
Investors in the company don't put their money in or take it out based on PRs. Well, except for wavoids and you see what that has gotten them.
It is easy to see why the shorts control the trading of the shares.