The open ended legal issues here, paired with management self dealing and then apparently bailing out and abandoning the company after stripping it of assets, appears to ensure that the shell will die an ignominious death and remain forever tainted, and useless. Looks like about zero chance that former management will avoid having a significant judgment entered against them and CLYW if and when this gets to court... so, unless the winners of the lawsuit find a way to pick up the pieces here as a part of the effort in trying to get what they are owed... this is dead. And, if the result of the legal effort is that they DO succeed in taking up the shell... that will probably be paired with moves wiping out any and all value that might benefit current holders. IMO, this is an inordinately low potential issue, even as a shell candidate intended for use in any new P&D.
.JPG)
