RiCKoLA...I think it's basically saying the shareholders are screwed. It will now be a shell company that someone can buy and use to start another public company, but since it was a non-reporting Pink Sheet stock, it won't be worth much as a shell, IMO. It also says if bought, the buying entity can reverse split the outstanding shares and start all over again with issuing new shares. A reverse split would leave you with next to nothing in shares or value, IMO. Bottom line, since you were given shares, just hold on to them and see what happens.....what more do you have to lose????
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.