Even if they get $25M for all IP it's still .30 cents a share minimum.
If all they get is $25M for all IP, its hard to see much, if any value for the common.
Their cash collateral projection for remaining cash balance at the end of April is $2M. So $27m ($2M+$25M) in assets vs how much in all liabilities to wrap up claims and the Chapter 11 case?