Monday, July 25, 2016 8:32:40 PM
As for the $4 million that management supposedly ran off with, that is the stuff of absolute fantasy. It's a rumor with no basis in fact. It's not even close to being true.
Now comes the part where the lawyers circle the corpse looking for some meat for the creditors. You can't sell a company two days before an inevitable bankruptcy and think you have washed your hands of the legal mess. Can you do it five months before the bankruptcy and get away with it? When you value the company at $11 and write down your investment to zero on the sale, you are admitting it has no future. Let's see how that stands up under cross examination.
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