From the way it looks there will not be much if any meat left on the bone. The CEO, Ms Waterhouse will stay on for 3 months earning $5k/mo as a consultant. Basically, what will be left is a shell for a new company to possibly go public with. Not sure what that is worth but doubt much. I've been in the market for decades and this is one of the worst run companies I have seen, other than ones who turned out to be complete scams. Sad because the company had such potential at one time.
this sale got us out of a dying poor business and stopped the money drain (and the $15,000 on the CEO as a consultant for the next 3 months is probably a lot less then the loss that would have occurred during that time.)
I've not dug into the finances so I don't know if the sale left the company cash wise in a positive or a negative once all the debt was paid off. (I would not imagine much positive if there is.)
The company has value, how much I don't know. Perhaps someone might want to merge with them to become a very old company and get the tax credits. (At least someone else mentioned that to me previously that had a merger in mind)
I would hope the larger stock owners (who are down quite a decent amount of money would arrange something to happen with the company so they get their money back and aim to get a profit.)
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