You guys are dreaming in taking over the plant. At best, the city would start charging market rates for the lease on the property. If PRGL cant make the payments, they take over the property and give PRGL a date when to vacate.
PRGL then has to decide what to do with the existing tent and equipment. Most likely disassemble the equipment and store it some where.
The City having been burned by BB, would only release the land and issue the bonds to a reputable company that could fulfill the obligations BB could. And I think it has been determine, a big bio plant is not economically feasible at this time.
You guys are barking up the wrong tree. As shareholders, you are stuck with the equity in PRGL. The only hope for relief is to have the share price go up. That is the focus.
I have witnessed too many other scams (USXP, CMKX). The shareholders have minimal rights. And justice takes a long time.
The real angle to find out how to pressure BB to improve shareholder valuation. That is the best use of time.
