Race is on for former debenture holders - now shareholders
the race is on for these shareholders to organize and force an emergency Shareholder meeting to oust management. I can't wait to see how much they all paid themselves in 2015, for basically doing nothing. I advised here to take the deal, because getting any cash out, was better than no cash, which is what they have now. The current shareholders will own less than 1% of the company after the other debenture is converted in June. The stock will likely never trade again, unless a complete idiot pays 1/2 a penny for paper. But it will also not go bankrupt, because they have no debt. Now the legal battles will begin, and the shareholders need to freeze the assets and cash before they all "disappear". It will be interesting to watch the legal battles that will surely come, and the ousting of the Board and Management.