The only fact that matters was the company was viable before Marshall filed the Chapter 11 petition. Maybe they would have gone bankrupt in January 2018, that's 6 months away. He couldn't give new management 6 months to prove itself, after his 20 years of failure.
Marshall squandered MZEI assets for over 20 years, from filing lawsuits against the Utah boys to renting office space that was never used. Shannon publically stated he wasn't concerned about making money.
These are the main two reasons shareholders are in the bind we are today. We know Marshall doesn't give a hoot about the individuals who funded his lifestyle for the past 20 years. The only question is:Does Shannon care ?
BTW shareholders will probably get nothing in either Chapter 7 or 11. The only hope is for someone (Shannon) to throw shareholders a bone through Chapter 11.
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