If that’s the case then why is the companies final 8K worded this way
“The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and no residual value for equity investors of the Company.”
Plainly stating that equity investors (shareholders) will have no residual value after the liquidation was completed.
Where did this information come from? Did the board of directors un-resign? Did BIOAQ buy the factory back from LCY? Did BIOAQ pay off all those creditors? What's the big upswing here?
Still sadly lacking any facts . But it is true the shares will be in accounts forever. Only in fantasy land is that considered a good thing . Company couldn't make but share are safely worthless .