Ironclad Encryption Corp. (fka IRNC)

[Airbrush19]

No ...it has nothing to do with cancellation of shares. Hybrid Titan Management made the argument the proposed reorg plan was flimsy and full of holes, basically lacked details also argued the mediated outcome with Lerner was flawed. The judge agreed and denied approval. JD’s gonna have to come up with a more detailed plan or a different option.