If the stock goes up, no cash goes to wrspq, only the shareholders get that value. In an IPO, the money flows to the company issuing the stock. Once the stock is in the market, its value accrues to those who own shares. Should wrspq want to try to get more investment money, they would have to issue and float more shares, however, that is dilutive of current shareholder positions. Now, obviously, rising share prices are positive for everyone (except short sellers!), and with a solid reorg and biz plan, and rising share price, perhaps wrsp could raise capital from other sources without diluting the common shares.
The reference posted about India is totally irrelevant today. Yazmi owns that infrastructure now, not wrspq. Sure, wrsp, if it emerges from BK, could strike a deal with Yazmi to get back into that business, but I'm not sure why that would happen. But who knows. Anything can happen!
The BK situation seems to be nearing closure, as all have stated. Once the plan to pay admin claims of around $500k is approved, then the POR can go forward, HOWEVER....we don't know what that plan is. The comment that Liberty gets served with court notices is only because they are the largest creditor, and because they were also the DIP financing lender. It doesn't indicate anything beyond that simple fact. I hope the NOLs rule the day. That's our hope to see shares survive. Without that, a POR could be nothing more than a Ch 11 liquidation. Sure hope not.
