"With a few thousand bucks someone could buy all the MZEI shares and be in control."
I don't think at this point anyone can "be in control" without the approval of the trustee, and a BK court judge.
The trustee has to make a decision about the future course of the company, based on the two filings that have been introduced. Anyone who bought up a controlling share in Medizone would still be at the mercy of the process.
What's truly bizarre is that as things stand now, management is opting for liquidation, while the Marshalls are trying to hold on to the corporate structure. So the only path that would leave any hope that our shares will have some value lies with a possible decision by the trustee to favor the Marshalls' petition for reorganization, based on Ch. 11.
If it ends up in Ch. 11, we may actually have a better shot, because I think the trustee must appoint all new leadership, including a new BOD, which will not include any previous officers. So Medizone would get a fresh start.
Wouldn't that be nice?
