American Leisure Holdings Inc (AMLH)

[shotsky]

It is a new company. They 'bought' everything AMLH had to sell. Ex-CEO's shares were divided up with new management. They did a reverse merger to become public. NOTHING about the stock from the old company is important now, except that the AS and OS are fixed until changed.
In other words, the current company is in charge of the characteristics of all shares now, and any previous (old company) covenants are null and void. They are not beholden to anything except existing debt structures, and those can be renegotiated.
Think 'clean slate' but the chalkboard still has to be wiped down from previous use.