Insiders own/control a majority portion. Would they want to convert their share interests from a pubco? Would the convertible holders of debt also agree? Highly unlikely and likely would cause an immediate default or make good scenario. Simple as I can deduce. In sum, there is no upside to be had. If the OTC isn't the best solution it's still a multitude more liquid than being private. The NEO is the platform for uplisting in the US as a lateral. Think long game and all the concerns seem like a risk exercise with benefit negative (imho) The greatest risk as I view this is a ban or illegality. Too late. We're not run by Mullahs...lol.
Yea, Dye and his "friendly financers group" may buy all the shares for .75, take it private and refinance the 13% interest convertibles for 6%, then the company will show a massive profit, that the insiders and financers can then split among themselves. by declaring profit sharing among the owners.. I could easily see that happening...