Of the 5 billion authorized, the lenders were given up to 4.5 billion and the other 500,000,000 was for the employee stock plan. Some of that went to pay lawyers but if any were left, it would probably have been given to the Aussies as part of a compensation package if they really intended to maintain the current shares.
The fact that the Aussies have no stock does not bode well for the fate of the current shareholders. If the Aussies do that the company into chapter 11, they will most certainly void the current share issue.
I just don't see them taking the company into reorganization with the only product being a very poor selling DR70 test.
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