Shareholders won't have anything to say about it. Below is a post by "Renee" dealing with this very subject. "Renee" is probably the most informed person on this subject I've ever come across. (My bolding on pertinent content) Much of the post deals with a somewhat different situation, but the SPNG shareholders plight is covered in the final paragraph.
Renee
Tuesday, January 15, 2013 8:34:58 AM Re: Uranium post# 445
Post # of 446
All series of registered shares are revoked and will thereafter never have any stock or cash value. Shareholders still own those shares on record with their Brokerage. If shareholders can prove that there are tangible assets of the formerly public company then they can join ranks and hire a Lawyer to go after those assets whether those assets remain in the now private company or were moved into another public company.
Keep in mind that the company's principals deliberately let the company's stock get revoked so they're likely adept at making the company's assets disappear at the first sign of a lawsuit. EXPO Holdings is one example where a shareholder lawsuit fizzled as soon as that company's principals declared bankruptcy and months later withdrew their bankruptcy. Those shareholders lost a lot of money from the scam company which still trades as EXPH (ie., not revoked) and the costs of their own lawsuit. Another example is NEOM (still trading) where one shareholder is suing the toxic lender, Yorkville Advisors formerly Cornell Capital. The suit has been ongoing for about 2 years at great expense to the shareholder. There are other examples of aggrieved shareholders pursuing stock losses of an OTCBB, OTC, Grey Sheet, or revoked stock, but I personally don't know of any successful outcomes.
No Law Firm would take a shareholder case on contingency because they too would know that recovering money from the public or formerly public company and principals would be extremely difficult, if not impossible. So, shareholders would need a substantial amount of personal money to hire a lawyer.
As well, any SEC lawsuit and subsequent disgorgement of money from any public company goes to the National Treasury unless otherwise stated and directed as money for shareholder restitution. Any type of shareholder compensation would only be for National Exchange stocks and not for any OTCBB, OTC, Grey Sheet, or revokecd stock.
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