leucro, you don't understand all is already lost to shareholders. lets discuss every option.
1. Company is bought out. At 3 Billion shares at $8 Million in sales the purchase price per share is less than what is presently sold at the market. Shareholders lose.
2. Company remains fully operational under new management. Debt to company is $2+ million in unpaid invoices and company operates at a present state - a loss. To pay for operating at a loss additional dilution takes place. Shareholders lose.
3. Receiver takes over and sells assets. The value of the assets barely cover the debts and fees. Shareholders lose.
You are welcome to come out and tell me what specific option you can come up with that results in a win for shareholders. When you present your story, remember 3 Billion O/S.