If they actually wanted to go that direction they could just retire some of the 70% they own
At this point, I would argue that the common stock is not important to them individually other than its use as a mechanism to purchase a stake in other deals...but since it is now a grey sheet stock headed for trips that use is now in doubt.
Yep that's been one of my points the past 1-2 weeks. The assumpton from the real/unreal Longs is management will make herculean efforts to rescue the common shares from the Grey havens. Does management have stock options tied to common shares? No. Even if they somehow manage to wade through the SEC legal problems, and find their way to a 10Q, then what? Would telling your common shareholders the company is a project management firm, not a biomass energy company create a surge in PPS? Would revealing the company structure is such that there will never be significant, or any accrued value added to the common stock cause a surge in PPS? Outside of this forum that is.
So why bother trying to rescue the value of 700M authorized shares on the sidelines? A simpler approach is to let em stay where they lay. If more seed money is needed, go private, and then reissue new shares under another ticker symbol. Start the game over again. Bart has a lot of experience in creating new companies.
AI
