You need to listen to Donald Layton. Current investor issues (payout and/or lawsuits) must be dealt with before they can even think about new investors. So the common shareholders are IN the limelight and a huge priority moving forward. They must be dealt with earlier on in the timeline before subsequent items can be addressed (i.e. public offering).
(We have at least 20.01% of the companies, so we are the rat's ass).