What's left for common shareholders?$10M - sale proceeds
less:
($0.1M) - legal / other costs to sell
($5.6M) - convertible debentures balance as of Sept 30, 2019
($2.0M) - additional convertible debenture interest / fees since Sept 30, 2019
($1.0M) - other accrued liabilities/trade payables
(???) - any other liabilities (CTOs?) or garbage David V has encumbered on the company
What's left for common shareholders? A shell company with nothing (of value) in it.
Sorry for those that bought into this shtick. I've met some of the principals of this business, believed the story, assumed the risk, and paid the price.
Anyone attending the Special Meeting next month?