So what is a shell worth? What did Petersen get for walking away? Something under the table that didn't have to be split with the share holders?
The price of public shells varies widely. But nothing should be done "under the table". That 8-K ought to have contained far more specific information about the change of control.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.