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Re: None

Wednesday, 02/22/2017 11:17:38 AM

Wednesday, February 22, 2017 11:17:38 AM

Post# of 8579
If someone has time could the value how much shareholders would receive? Will look into this tonight.

A: Under the Plan of Liquidation, the amount of liquidating distributions will depend on the final amount received from the sale of assets (including those sold in the Asset Sale), the amount of our liabilities, and the expenses associated with the Asset Sale and liquidation and winding up of the Company. We currently estimate that we will receive approximately $400,000 as consideration for the sale of our inventory. In addition, we estimate that our costs and expenses (i) in connection with the Asset Sale to be approximately $150,000, (ii) associated with the payoff of our other pre-closing operating liabilities to be approximately $500,000 and (iii) in connection with the liquidation and winding up of the Company to be approximately $150,000.