I spoke to Nathan this morning and had a very cordial conversation. As much BS as this company has put us through I feel for the guy, it's clear that he's not responsible for what they're doing the board is. Anyway, here is what he said:
1. The company will be issuing another PR soon (I got the impression that meant "very soon") to clarify the last PR. They did not intend for that last PR to be released 20 minutes before the close on a Friday, he said it was a mistake and out of their control and they wish it hadn't had happened like that.
2. The company does have remaining assets but he couldn't say what they were.
3. He said the BOD is working with their "strategic advisors" to determine what their next move will be.
He also told bass that they have not ruled out future negotiations with an acquirer (bass can expand upon this in his own post).
This thing does not appear as if it will drag out much longer. They're obviously still paying some pretty big salaries which means they have some revenues and cash flow to support these people and the overhead, but I think we'll know the outcome sooner rather than later. What that outcome is, I still have no idea.
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