It really is over for shareholders unless the judge actually helps their cause a bit more. He could have stepped in and forced the company to actually file their financials on time in exchange for maybe suggesting they terminate the 30k a month fee for consulting whiich of course is the joke of the century. The suggestion that this is strategic and temporary to benefit retail is silly as you put it.
It appears that the retail shareholders will be forced to accept another huge dilution in exchange for more cash. I doubt tenor will be cutting any breaks except possibly making management's MIP undilutable. In the end i see a $200-$250 million dollar settlement. Everyone is happy but retail. Yes i may be wrong but even in victory retail is in a poor position unless things drastically change soon.
News 
Market Data 
Discover 
