It is hard to imagine that they will be able to raise the money needed to continue as a pubco disinfection company since investors will see no interest from previous mgmt or any competitors. Even the sterilizer companies like TSTIF and Steris must think the chemical has no value. Maybe EM has lined up private money interested in seeing this to fruition. I am also surprised that they didn't halt the stock for an announcement of EM's plans.
Seems Ed believes in AS more than Shannon. Shannon could of got it for 600K.
I'm sure Ed would acknowledge previous shareholders if they put more money towards the new entity. Otherwise your sheet out of luck.
Bottom line: If Shannon/Ed wanted to acknowledge previous shareholders, they would have come up with a plan to convert to Chapter 11. Instead they decided to shed the excess baggage---The shareholders and the debt.
IMO, it's striking that previous management didn't even try to outbid Marshall. They could have had the whole kit and kaboodle - which up until a few months ago they claimed had a lot of potential - for $600K.
I wouldn't be surprised if they thought Ed had lined up the kind of backers who could outbid whatever they were willing to put into it.
Current management has its own money in Medizone, and the investments were recent, by historical comparison. One must ponder why, with their connections, they would not have tried to raise enough funds to outbid the single offer and attempt to recoup and rebuild their original investments in the company.
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