PGNPQ's judge denied that plan because it didn't properly preserve the company. The judge was actually acting in the interests of Equity by ensuring the company had enough operating capital to actually continue as a long-term on-going concern.
To be open: I took a gut-punch with PGNPQ because I over invested. Not blaming anyone; that was my mistake. I'm not normally a ride-it-until-the-end investor but in this case, my ROI may have to wait a while.
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