Exactly, when the KERP was added to qualified bidder requirement, Greenfield and PTT (I believe that was two original bidders), pulled their bids from the SISP. Everyone wanted Sarnia and the Patents, everything else is just icing on the cake, with a cherry on top.
Again, if this went to a liquidator, the stock price would be .0001 right now.
Once we have an official number, the stock price will follow.
correct...all they wanted were the assets (including the IP) at bargain basement prices. They could care less about the creditors and even less about the existing shareholders. All they were going to bid was a sufficient amount to get the secured creditors to release their interest in the assets....and at that, the secureds took a haircut.
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