Well we don't know what the offer was on just the assets of POW!, that could have been superior, especially since the neither the amount or company making the offer was mentioned. A lot more detail was given on the failed offers.
Also POW! didn't advertise it was open to offers for the company. That is key to getting the best price (or at least a better price). Given the number of deals surrounding comic book IP companies (this year), I think POW! would have gotten snapped up by one of the acquirers.
I used to sell comic book and other stuff at conventions. I stopped doing conventions some time ago. I still sell stuff every now and then. Every now and then I get inquires, from people that know me, about stuff they are looking for. Maybe I can help them, maybe not. But, when I want to sell stuff, I advertise that it is for sell.
POW! should have advertised the company was for sell
The hoard of cash is revenue that is recoverable from POW! asset rights violations. The proxy statement mentioned both Max Anderson and the Stan Lee Foundation were violating POW!'s asset rights. Coincidentally Stan Lee is Max's business partner with Stan Lee Collectible and Stan Lee has done work for the Stan Lee Foundation, even after the Foundation lost the right to Stan Lee's name. Stan Lee Collectibles is using Stan Lee's name to conduct business, licensed Stan Lee's likeness for various products (starting at least in 2012), and was instrumental in the Stan Lee photo op business.
Stan Lee isn't supposed to personally profit from the exploitation of company assets (it's self-dealing and a breach of fiduciary duty-loyalty). POW!'s board of directors should have tried to recover the lost revenue from the exploitation of POW!'s assets.
It's a hoard of cash that is recoverable until the statue of limitations runs out. If recovered, it would certainly change the financial state of POW!.
Edit
I'm guessing that Stan and Max isn't going to give the money back to POW!. In order to get to the hoard of cash Stan and Max would have to be sued, by POW! (or a shareholder).
