DE,
It's good to see you're still involved here. Personally I'm not doing anything wrt my stock, but waiting for action from the company to either get more, or just sell out for what little it's worth.
If what you're suggesting comes to pass I would guess we'd all have shares in the new company, perhaps at a ratio of 1 per 100, or even 1 per 1000 or more, but they'd have the greatest part of the value of the company. PCTL would apparently continue to trade but at a substantially lower price unless they simultaneously did a reverse split.
Is this essentially how you think things will go down.
Gary