After the spill all directors will be the predators, they can now pass any resolution they like. There will probably be a further dilution to get ordinary shareholders down to less than 10% at which point their shares can be compulsorily acquired. Expect no more than one cps, could be less. I wonder what the new private company will be called?
VXL Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held