legalegaltx: You know, if they were issued illegally in the beginning, until the proper papers are filed to clean this all up, IMO, they must still (on paper) treat the shares in escrow as legal. Similar to the need to make revert the A/S back to it's original level, because the previous change was done without proper shareholder approval (illegally).
This actually works out perfectly in this case.
As was stated, keeping it this way - and there doesn't appear there's a damn think GGI can do about it - gives Peacock a monopoly on the company and therefore, can stear this ship in the direction he wants - away from a BDC, so they can take Aero public in a very economical way (so they can spend more of their hard earned money on moving their product).
JMO,
lns