Yes, they could do an asset purchase w/o crim getting current. But what about the debt? Why would jonny and papa lim want to sell the assets, but still sit on $900k of debt? Why would they accept HHSE stock when HHSE is insolvent?
JMO, but if the Limbo's wanted to get crim current, they could do so fairly quickly. Papa lim has the money to so and is reportedly financially sophisticate. For whatever reason, they choose not to.
bottom line is we don't know the real financial situation of either HHSE of crim at this time. so exploring these type of alternatives doesn't make much sense.
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