Ouch - that was a surprise - thanks Renee for posting as I have not been watching. I suppose there is a very slim chance the the equity committee could convince the judge otherwise; however, it is not worth the risk for me at this point. I feel disappointed that the attorneys made mega bucks and that the board members did not fulfill their fiduciary duties in making decisions in the best interest of the shareholders. It is also a shame that the shares would be cancelled prior to the cases being brought against the banks and the other issues of misrepresentation of the 1031 exchange.
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