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thesmalls

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thesmalls

Re: IPO$ post# 912

Wednesday, 06/11/2014 11:04:32 AM

Wednesday, June 11, 2014 11:04:32 AM

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those shares were all pledged. if i understood the filings correctly and speaking with another - those shares for all intents and purposes belong to Consilium. the loans were backed personally and the shares were pledged as well. it would not do them any good to do a R/s with respect to those shares. they have more leverage by just revoking the agreement and sending the company into BK making the shares worthless if the former mgmt/directors dont play ball.

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