RE: i think we are for sale..... Bids for the sale of the company will be received until Nov 30, 2012. (There is provision for an investor willing to make an investment in the company, but I doubt this will happen). Too many ghosts from the past to carryforward
Management will say the loyalty industry is unpredictable. This is the door they will leave by.
If a sale then at what price? Need at least $11 million (long-term debt settlement and short-term payables) before shareholders see anything. $11 million would roughly give a buyer a 10% return before any other expenses.
Maybe consider a higher value for the company in exchange for shares in the buying company. At leastgive the shareholders a penny/share for their troubles.