My understanding of the last filing from Sept 28th is that the majority owners (St. George and Dove) have the option to force the company to buy 11,142,392 shares of their own common stock during a "Put Exercise Period" which was amended to be from April 1 2017 - September 30, 2017.
Out of these 11,142,392 shares:
- 278,926 shares to be bought back for $1.02 - 774,151 shares to be bought back for $0.20112 - 10,089,315 shares (the remainder) to be bought back for $1.26
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