The value of the IP TOGETHER with the advantages of retaining interests of Rock Creek name and shareholders?
To me, that is the big question. Even if IP is worth considerably more than the ~70M...what are the advantages to IP acquirer of actually retaining company name, shareholders, etc.?
This may come down to the value of retaining Mullan and other researchers in the go forward plan. What are in the interests of the creditors, acquiring entity and those responsible for moving the ball forward? Certainly, a case could be made for eliminating the "baggage" of the past (including common shareholder interests)...what is the counter argument? How much are creditor and Mullan interests tied to moving ahead?? (something got the creditors to commit the funds in the first place and they were able to receive significant number of common shares as a result, correct?...perhaps not in their best interest to see these shares eliminated. Just because they wouldn't agree to compromise months ago does not mean circumstances can't change).
