It appears that a small yet heavy-weight group of shareholders would like to take initiative to avoid the extremities such as litigation which is obviously a lose-lose outcome for all parties. This initiative, among other things, does include an open and transparent invitation to Falkon, and others for that matter, to present their biz proposals to the shareholders. The rationale behind this is that this group encompasses some financial and legal experts in their band wagon and can assist with comparative assessment of any alternative proposal in light of the demise of the Halsa deal. In my opinion Halsa's proposed deal was something a majority of shareholders felt good about but the dead deal is behind us anyways.
I'd like my other fellow shareholders in this forum to weigh in with any constructive idea to support/criticize this initiative. I personally have no details of any existing proposals and have not even seen any despite our efforts here in the forum to push for transparency and open dialogue. However I am sure there are shareholders out there who have better knowledge of alternative biz plans thanks to their direct/indirect relationships/communications with Falkon and other stakeholders and the rest of the board members.
Please feel free to comment on this note while remaining as factual as one can be in responding to the initiative. At the juncture the Co is facing right now after the recent court events, the "negotiation" route proposed by this group might be the most viable or at least the least harmful avenue. I do not think anyone disagrees with the suggestion to bring Falkon's alternative proposal to surface and evaluate its merits as we did with Halsa's. Letting the NOLs and other tax attributes sitting there and fade away when the risk of the next economic recession post-election is out there is a beneficial decision to any party.
Any thoughts? We try to come up with more discussions if and when we learn more about this specific effort while of course respecting the confidentiality of the individuals proposing this initiative.
