Yeah, well, so what? I’d expect there were plans made by the executives and board that never saw the light of day. Know why? They needed money to do any of them, and that’s what the SISP was for. Without a single bid in the SISP, nobody offering anything that would address the debt and provide operating capital for the business, exactly what good would it do to forward a plan to the court for approval that couldn’t be done?
What was done is in the court records. The company was liquidated and shut down, everything sold including the plant and the process patents. That’s the truth, and it was over for the shareholders when the SISP failed to produce a single bid that would have allowed anything different to be done.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
