Tric has said they are producing a POR which maximizes the return for creditors. That means they must be going after the NOLS. The best return on the NOLS would be to use old equity. They have not been forthcoming regarding equity and will probably wait until the last minute to divulge their plan. The best clue we have is the debtors insistence that no one gains more than 2.4MM shares. That tells us they are operating under rule 382#5 the exception and that uses old equity. We will probably see a preliminary POR showing old equity canceled and at the last minute it changes to our plan and is done. A piece meal approach but it keeps investors at bay and prevents people from buying beyond the 2.4MM. If any one person obtained beyond that number then the NOLS are lost. A self preservation tactic.
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