RE:Question for the leaders?
Right now, it's unfundable because of the technicalities as much as the people! They can change four quarters for a dollar, it's still the same people.
I don't remember the details, ICT would for sure. They had a fair offer from the restructuring group, but they were too greedy and acted in bad faith after they had agreed on the principles of an agreement that seemed fair at the junction it was at.
Just the fact that someone would agree to compensate for what they think they're owed and then take it to market with everything that it would entail (re: financing and loads of work) would be fair as they already own a large lump of shares that would guarantee them a pretty easy future. I think maybe additional shares and/or warrants would be fair.
This thing has not budged an inch for a few years.
Whoever would be interested would likely want to see the current people without much of a decision leverage for the future since they are the main reason for the failure and the current state.
To me, it's as much the people as it is the device.
When you think about it, pretty much no matter what the deal is, they will get whatever's left of your shirt down the line (they've proven to be that kind of people!), so there is no value to make this work unless they give all of us loads of free shares, which obviously won't happen.
Those people need to step aside or this will never go anywhere.
It's my perception that perhaps Rhodes is making some efforts, but he's dealing with the hand that feeds him, so he's caught between a rock and a hard place trying to make them come to terms with a reasonable offer ...and I haven't investigated if he has personal ties with those looters.
Again ICT would be the one to draw a better overall picture of all of this.