It is clear that the party interested in the shell wants a majority position. He has almost a million shares so he needs about 300,000 more to control the company. If he pays 10 cents a share, it will cost him another $30,000.
At this point, if I had shares, I would not be selling them. Whatever he is going to do with the company, the shares will be worth more than 10 cents.
The main lender is currently owed about $750,000 and Asher is owed about $40,000. When the new owner of the shell takes over, those debts still have to be resolved so it would appear that the total cost of the shell and control will add up to about a million bucks.
This is certainly interesting to see what he is going to do with the shell.
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