Excellent news for shareholders ... motion was approved, today, requiring large shareholders and option holders (>4%) to get court approval before acquiring or disposing of their shares. This was done because such a change in ownership (by acquisition or disposal) could potentially invalidate the $1.7 Billion in NOLs. This is good for shareholders because it locks in the big fish who will fight for shareholder rights. Also, in locking in the big fish, it suggests that SUNE is not intending to wipe out the common at this time as the court would not say to Oppenheimer and others, "You can't sell your shares, and we are going to wipe them out later." Just food for thought ...
From rehctelf on prosperous thoughts.
