"The Board of Directors is committed to providing optionality to the shareholders to maximize the value of the Company and is working on a Chapter 11 plan to emerge from Chapter 11 bankruptcy. It is contemplated that the Chapter 11 plan will include a proposed disposition or use of the sale proceeds (after satisfaction of secured and unsecured debt) to either make another acquisition or to distribute the proceeds to the shareholders. Ultimately, a Chapter 11 plan will be presented to for approval to both the Company’s shareholders and the bankruptcy court. More information on the Board’s plans to provide greater value to shareholders will be released in the coming weeks."
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