Existing Shareholders Never RespectedThese kinds of deals are always a bust for existing shareholders and are not fair.
The new company wants the shell or they would have started fron scrath. There should be no rollback until AFTER the deal and ditto for the debt payment deal. Sincethe shell has value , existing shareholders have the vehicle to list and should get rewarded for that , NOT 'Taken to the Cleaners'
The Board of Directors are just doing things for their benefit , not for the existingshareholders who deserve much Better.
Just sad No thought for shareholders at all and that is the job of the BOD.
Just my opinion