>>>Excellent material.<<<
Excellent for who, the Whelans? This all looks like conditions that benefit them, when dissolving and going BK. That will not benefit the stockholders one bit.
And what assets do they have? They don't have manufacturing equipment. A couple desks and file cabinets? So who cares who gets the assets after closing the doors. Patents? They can have them, as they have not capitalized on them now with stockholder financing, so why would they be able to later, without that financing.