did he forget to tell you about the NOLs? that's $82 per share in deferred tax assets tax credit value they could use to writeoff future profits to avoid taxes
if they cancel the common shares, those NOLs would disappear too imho
why cancel the common shares if the insiders are holding 100% of it?
pls read the last 10K filed before bankruptcy
___________________________________________________ "The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke
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