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mdimport

12/22/12 7:54 PM

#30152 RE: ogkw09 #30145

There's another way to reset:
1. Sell existing operating companies
2. Pay off debts using sale proceeds (+ some capital infusion??)
3. Acquire fresh operating companies

Simultaneously:
1. R/S Common
2. Reduce A/S significantly
3. Effect management changes
4. Buy back / dissolve Series D Super Voting Preferred

Many similar elements to your concept, but both plans will:
1. Leave the company with no toxic financing
2. Retain the CEO + Chairman
3. Provide the opportunity for a clean restart