Well, there are "no matters moving forward" according to what was filed this week. Ever since the company was sold off for parts, we wait with bated breath for some current news. The asset sale in late 2019 was supposed to include some coverage of some other non-specified outstanding debts per reports, but I have not seen that agreement, only news that this was being negotiated into the agreement. As such, the stalking horse bidder was made assurances that they would become the sole won bidder, at which time share prices suddenly cratered by over 50% in a day, presumably because long interest in the stock had been holding out for specified profits that could ensure the emergence from bankruptcy and new life for existing shares.
I'm still disappointed in how that played particularly if insiders were treated to special favors at shareholders expense, including but not limited to, buying shares at depressed prices and taking control of the remaining assets (NOLs). However it also gave me some optimism that the bad news was already baked in, and I decided to hold long term for tax sale purposes to offset my 2021- capital gains rather than sell for a short term loss in 2019 or 2020. As we all know and were aware when we bought this delisted stock, the shareholders tend to be last to the table however the longer this drags out, the closer we may be to some completion and closure on this process.
