This does suck. No more rights or potential upside of the Hemiwedge valve. But there is still some value here. I believe total shares outstanding were 20-30 million.
Cash on hand - $0.01 per share 20% (estimated corp tax) of 5% (lose 95% of total) of tax loss - $0.01 per share
So we have a $0.02 per share stock. Horrible but still something.