First of all there is no .0016, no shrs will be bought or sold ever again....
As far as shareholders who decided to hang on for the full distribution ( 4 years ) they will also make out alright.
While I do agree communication could have been better here ( due to the fact not many can fully understand the SEC filings with all the legal mumbo jumbo ) nothing that was done here was illegal.
Red Oak simply cannot be blamed because they could not find a buyer for Scitslers mess, and has to do an asset sale. That was the simple thing that created all the uncertainty going forward.
The escrow was perfectly legal and necessary, the four years after dissolution is Florida Law, anyone can take a few minutes to dd that.
As I said before, I sold all my shares weeks ago, the four year wait wasn't something I wanted to do. If I was 10-20 yrs younger, I would have held on.
To say this wasn't a very profitable venture since Red Oak invested would be absurd....shares were available for .003 sh for a very long time, and I know for a fact many smart traders who followed the money made a VERY nice return.
If anything illegal was done here, I'd sure like to see it posted and proven.....
