Thursday, October 03, 2024 10:34:01 AM
Here's the elephant in the room. If NSI is insolvent, why wasn't a bankruptcy filed?
The only way to cancel common shares is to either buy them back, or file bankruptcy.
In my opinion, we do not know if NSI's liabilities actually exceed the value of its assets. We have no appraisal on the value of any of NSI's real estate, nor an independent third-party appraisal of the multiple patents / tech.
From my perspective, what Streeterville intends to do is strip NSI of it's assets leaving it a shell company. NSI common shareholders would own only a name. Ampleo's handling of the patents will be the true tell of all things.
The only way to cancel common shares is to either buy them back, or file bankruptcy.
In my opinion, we do not know if NSI's liabilities actually exceed the value of its assets. We have no appraisal on the value of any of NSI's real estate, nor an independent third-party appraisal of the multiple patents / tech.
From my perspective, what Streeterville intends to do is strip NSI of it's assets leaving it a shell company. NSI common shareholders would own only a name. Ampleo's handling of the patents will be the true tell of all things.
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