I think I love money just as much as most people in the financial world but there is one big issue. I'm pretty sure I stated this a long while back here. There are some fairly powerful hedge funds that took some very large hits with BIOA delisting down to the OTC's. Some were still in it when it went to liquidation & got hit again. I will put money on it, they're all sitting quietly watching. If there is even a hint that this would come back to life, the lawsuits would be so astronomically large, none of us would ever see a dime. LCY is not going to expose themselves to that liability. KKR holding LCY as an investment would not let them expose themselves to that liability either.
There is absolutely NO WAY that management believes they could get away with telling everyone publicly that the SISP failed and they were moving to a liquidation in order to artificially reduce the share price and announce a better deal later. Add that to the fact that it’s three years later and it’s insane asylum type stuff.
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