If they had assets that they could have legally distributed to the shareholders, they could have done it at any time by relying upon the stock transfer ledger.
That's how ALL corporations determine how to distribute dividends and securities.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital