M, that's a lot of money, almost enough to buy a meal at a fast-food restaurant! Perhaps you should negotiate a private placement with PT, given the large cash layout. I'm sure his attorneys would appreciate the almost-paid lunch at In-and-Out burger while they're pretending to choose between liquidation or receivership. (Debtor in possession? YGTBFK.)
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(Okay, I wouldn't say that your offer is generous, but it certainly is considerate...)
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I wish I knew who the suckers were who forked over the cash for payroll so they didn't get padlocked. There's got to be a story there.
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I once bought and registered a single share of one of their competitors (and my supplier) so that I had "standing" at a shareholder's meeting. I used it to negotiate a better delivery schedule where they hadn't disclosed a material event.
It might be entertaining for someone who actually lost money to buy and register a share so that they have standing in the upcoming proceedings.
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P.S. I took the hard top off my old Jeep last week so I could soak in what's left of summer. All the best!
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