Wednesday, February 22, 2017 2:26:13 PM
1. PLY might increase their price if a majority of the 94 million shares don't vote yes (not necessarily vote no) as an enticement to move the deal along. The stock's price close at December 30 of .011 (and small change)multiplied by about 94 million shares comes out to about $1.03 million and if that were the final amount that shareholders receive without further adjustment, given that the costs of winding down are estimated to exceed the revenues, that might constitute some sort of legal defense ("the shareholders got what the stock was worth immediately before the original announcement of the transaction was made").
2. There can be some discussion about whether the Directors and Officers Liability Insurance should kick in as regards no information having been provided until today (when the story had been known much earlier) about the manufacturing situation.
I wish you well - it was one of the highlights of my sojourn on this board to make your acquaintance.
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