Yes, andyeds, I was going to include that bit, but thought I had said enough already.
Menzel could have benefitted in many ways. Just as a couple of examples:
Was he the beneficial holder (however indirectly) of any of the shares which
CCO's accounts say were held by LFI as nominee?
Was Menzel the beneficial owner (or one of them) of CMC?
As regards Menzel's cancelled shares: this is an accident waiting to happen, I think. He could become a creditor for his lost market selling proceeds, given that the company has(quite properly)issued shares for similar consideration to others. But he knows of course, that LGB is now impecunious.
I'll say it yet again: the genius of the scam was its totality - the lack of resources of LGB to even defend itself.