Frank had similar issues with another of his tickers, JPEX. In that case it was a disgruntled previous officer/shareholder who filed suit against that ticker. Took almost a year for that case to be settled and then another 6 months or so to find a new merger partner. So here I sit with 2 of Frank's merger that are going nowhere.
Nothing else for me to do except either sell for pennies on the dollar or keep holding.
Most likely Darling Capital is just trying to recoup a fraction of their losses. Its in everyone's best interest to settle this for pennies on the dollar. Frank has a ton of shells ready to go so if Darling Capital pushes to hard Frank will just let this one die and they get nothing. Frank has already worked a deal for this one so he may be willing to throw a few dollars at them to preserve the deal. We'll see. Still a good bet at these levels, imo.
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