That is a succinct explanation for those that are wearing such dark glasses that they cannot see the light at the end of the tunnel(binding MEANS binding-not maybe). No dilution, no toxic convertible note, no debt. At current price the entire company is worth approx $6.6mm-that's not very much considering that they still have BitGift(think that just disappeared and is forgotten?) and will now be an Aviation company that has been in existence for close to 20 years. You do not stay in business for close to 20 years if you are a failing business. How about if they spin out BitGift as a dividend to all shareholders of record on a certain near term date?-shorts will have to cover just to make sure that the share count is real when counting shareholders to receive a non CUSIP # dividend.
Frank is selling the company-he is still a shareholder-why would he sell the company to a failed business? I doubt that and he too will benefit from the success of the NewCo. For those that sold...see ya later. I'm here and although unhappy with yesterday, I have more than a minute to make real $$ on the NewCo.