In other words Bart and company could walk
IMO the only way Bart and gang walks is if the SEC drains them of enough legal funds, that they no longer have enough to carry though New Bedford for their next $5M pay out.
It's a trade off. If they need new funding, as in new stock, then goodbye to the LLEG ticker. Wouldn't be the first time Bart has done that. But that would take them out of the New Bedford game, and they would have to start over with a SEC smudge in their background.
Staying in existence isn't necessarly a win for the current stockholders. Does management care about the PPS of the common stock? Where they have the cash to do a re-run of Berlin in New Bedford, or another $5M payout in 5 yrs. Either they will take the steps required to file a 10Q/K, or they will give the stockholders Silence for the next 8 months. That will provide the answer as to whether management considers the common stock even worth the effort of rescuing.
News 
Market Data 
Discover 
AI
