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Saturday, December 22, 2012 7:54:43 PM
1. Sell existing operating companies
2. Pay off debts using sale proceeds (+ some capital infusion??)
3. Acquire fresh operating companies
Simultaneously:
1. R/S Common
2. Reduce A/S significantly
3. Effect management changes
4. Buy back / dissolve Series D Super Voting Preferred
Many similar elements to your concept, but both plans will:
1. Leave the company with no toxic financing
2. Retain the CEO + Chairman
3. Provide the opportunity for a clean restart
I have found out one thing and that is, if you have an idea, and it is a good idea, if you only stick to it you will come out all right -- Cecil Rhodes
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