The first step is for new management to clear up the legalities. But it will be based on losses, not numbers of shares. The goal is to provide ownership to the shareholders that lost money based on their losses, not the price of the stock. A person who lost $100,000 certainly would receive more shares than someone at $4,500.
The price of the stock was meaningless since the press releases at the time were false. Thus it has to be based on the amount of investment.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.