Thank you for posting. I did call them. All they know is what is in the press release. As far as they know nothing was filed with the SEC, the company is still trading under PROT. If you sell your shares, they are gone. That is all they can offer.
SO...now it would appear the company could be facing a nasty class action law suit from all those who sold yesterday, or are selling today, thinking they have locked in the issue of new shares. Obviously the company can't afford that. Yuck. Mgmt sure screwed the pooch on this one. I don't know if the company can survive a law suit. Did anyone ever get to talk to Roger? He is the company lawyer.