One aspect is shares are mostly trading at 32.5 cents. For that...

One aspect is shares are mostly trading at 32.5 cents. For that a buyer stands a decent chance of being paid 33c in the next wind up payment within a month perhaps, not so bad a deal?

Then, although I can't see it happening but it might be a better chance of zero, there might be additional value if another party wants to buy the company after say a 33c payment has been made. i.e. backdoor listing.