Thanks for bringing sanity here.
In addition, this ad hoc group will have to fund this takeover attempt. If one seeks a qualified opinion for such a total takeover of PTQ, considering the number of entities and jurisdictions involved; the large number of agreements that are germane, a good international law firm will require several hundred thousand dollars in their escrow account to fund an initial conceptual study, before giving an opinion as to whether this idea of firing management and taking over the entire BOD is even feasible. One can rest assured that the total cost to bring the idea to a successful conclusion will require several millions of dollars; then may trigger the many side agreements that may exist for repayments and other obligations with MPSA, PP participants, and current company obligation holders.
The question of Panamanian law is a whole other issue.
I spoke with the founder of a large international law firm just to get an 'off-the-cuff' opinion. A war chest of $5,000,000.00 was recommended to start.
The reality of the situation dictates that the only reasonable recourse to improve and influence the company in the way some wish to do, is to follow the recommendation put forth herein by the moderator.
Soon you will have some more information as to when the company will restart profitable production. There is no additional money needed to do so. All debt repayments scheduled in the agreements made of the last eight months will be possible from internally generated funds.
Saludos
AI
