RE: Where are we going from here?2Speculation is a mug's game.
If Ifire cannot be sold period it is likely that management could do a buyout of Ifire and investors would be left with peanuts because this would be done after WED paid the remaining severance to reduce costs at Ifire to a trickle. However, the only way they could really do this is if they proved there was no other interest in the technology from other parties. Value Ifire as zero in your valuation of WED and then anything above this will be a bonus.
There are many different outcomes and I am sure things will be all clear by the end of the Q1. Shareholders will get to vote at the AGM on some "shareholder enhancing scheme" although this should not be hard since the shares are worth only $0.27. Management can walk away saving face that they did the best they could even though WED will likely be wound up with a balance sheet deficit of close to $400 million.