Suspect the majority of the $$ of debt are owed to MF as she remained the princple shareholder. She may come out of this in great shape, which is infuriating to those of us who invested in the original "art" company.
Agree that the shell is cheap and its value is dependent on both getting MF out and the business prospects. Given the low float, I think we still have a chance. It is clear that those who buy these PS stocks will not make it happen. We need someone in the business with deep pockets. Once she is gone, it will look much better.