Radioio Inc (RAIO)

[rasta48]

Could go either way. They may freeze assets or he may be free to sell to provide cash for his legal bills, pay other creditors. The judge may deem that he will get the best deal selling on the open market, and not a packaged deal for all his share.

If the judge does let him sell his shares in a package, all the shareholders should buy them. Last thing you want is to have another one of the insiders or their buddies owning all of his shares.