Understand one thing, the cash cannot be paid out before the litigation is settled as the directors will be held personally liable if they cannot meet the final settlement because they gave cash back to shareholders. I suspect that this is part of the reason why Keybridge / Aurora (Bolton / Khan) are interested in this vehicle, they could frustrate progress in the litigation and not have to give shareholders their money back. In the meantime they can personally charge large fees as consultants, aka Keybridge.
Best to see the current board invest in something worthwhile while they move, be it ever so slowly towards an outcome in the litigation.
Just my opinion, best form your own.
MPO Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
