I agree with your analysis. Besides the wrapping up with their tax service provider, I would also note the recently filed Monthly operating report (for March 2021) shows that their bank cash balance dropped by only $8,000 during March compared with the balance at the end of Feb. (March ending balance ~$1.774M vs ~$1.782 end of Feb.).
So it appears their Court expenses have dropped to near zero. A POR in May is looking very possible to me. I can almost see the light at the end of the tunnel. Still several more hurdles to get over before this case is closed, but a completion by late summer or early fall is looking feasible to me.
Of course surprises can always pop up, but I just don't see much in the way of a completed bankruptcy sometime before winter.
Its been a "long road" holding this stock for almost a year and a half now, but the reward for holding could be significant. All depends on how DESTQ will restructure. The best scenario imho would be if Marquee Brands decides to go public and merges in with the DESTQ empty shell (empty except for their tax assets (NOLs)).
If Biden succeeds in raising corporate taxes, those NOLs will be worth even more than they are at present.
Keeping my fingers crossed for a POR reveal in a couple of weeks!
