No...they have been liquidating their assets for quite some time. The liquidation preference is associated with the roughly 10 million preferreds. they have a liquidation pref of $10 per share......Delaware says that that means squat. That's all.
If the raider...Edelman...wants to do anything with the shell....the preferreds do not have to liquidate @ $10. Given that they were issued as dividends...Asher controls the preferreds as well...........he can do what ever he likes if so....
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