Who knows, they just may surprise us - positively for once.
I don't think so. It took them 3 weeks or so just to create the new class of shares.
The whole thing has been strange from the start. There should have been a press release, announcing the series preferred shares they are issuing. And for that perhaps what they needed was audited financials (Form 10) first (= disclosure of assets), and probably a definitive settlement with parent. The latter is a material event so we can conclude that it didn't happen.
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