On October 13, 2001 the Court published notice of an order confirming the Plan as modified, the Effective Date and the Bar Dates for filing administrative claims and contract/lease rejection claims. In that notice the Court stated that the Plan became effective on October 1, 2011. Accordingly, pursuant to the Plan all of the outstanding capital stock of the Company and all outstanding warrants and options to purchase capital stock of the Company was effective and these securities are no longer outstanding. The Company shall have the right to file to deregister as a public company due to the absence of any outstanding shareholders as of the current date.
There are no longer any outstanding shareholders because all outstanding capital stock, warrants and options have been cancelled. They are now free to deregister it as a public company. Anyone not understanding that fact at this point has a view of reality that's blocked by the lining of their colon IMO
GLTA
