I don't see anything here about " investing the shareholder cash "...
Seems to me they are looking at selling the company, one would have to think that includes the shell. The other option they mentioned was the dissolution of the company, which is what we thought was always the plan.
Is this a way to do everything with one payout ?
Who knows, but the remaining shell after dissolution was always a question of mine as to the potential sale of it.
Here it is...
CBAI previously disclosed that it anticipated distributing a portion of the sale proceeds to shareholders in 2019. With the goal of maximizing shareholder value, CBAI and its board of directors are also evaluating other alternatives including potentially pursuing a plan of liquidation and dissolution and/or a sale of the Company. In order to enable any such alternatives to be fully explored, the Company may not distribute a portion of the sale proceeds to its shareholders in 2019. The Company has no commitments, agreements or understandings with respect to any such alternatives and there can be no assurance that any such alternatives will be consummated or the terms thereof. CBAI and its Board of Directors continue to contemplate a distribution, but based on discussions, evaluations, and business judgement, have not yet determined if this will occur, or when. Regardless of the alternative(s) undertaken by the Company given the Company’s expenses and other contingencies the total proceeds ultimately paid out to shareholders will be significantly less than the gross purchase price the Company received from its Purchase Agreement with FamilyCord.
gl
