Based on the above Posts, it is hard to understand why the Major Shareholder Group paid $6M to Takeover this Company, and will then spend additional millions to keep it trading.
If Azure Capital could not find a Buyer, and there was only an offer of $300,000 for the IP as per your Post above, then it does not make sense to keep on investing millions into this Company.
In my opinion - it is probably better to cut your losses and walk away.
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