Your numbers look to be a lot better than mine and have valid points. I definitely agree that it would be new equity and all old is gone.
As you mentioned, next thing to wait on, which should be in the POR, is to see if they will allocate any of the new for existing share holders. There isn't many existing holders right now so I wouldn't see why they can't do it. but then again, they probably don't care and will just start from scratch.
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