Holders are screwed--no doubt about that. The question is just how bad, will it be 100% or can we get a few cents per share ?
And the board needs to keep us informed again they work for us!!!
But to properly introduce this disaster to the graveyard:
a) Independent review: Does the IP have any value to anyone? Probably not—but it’s worth $1M to find out what caused the failure (and the supernatural overperformance of the SOC was very odd way to fail--again no doubt about that)
b) What happens to the US$100M still in the kitty? After all, it’s our CR money! It’s probably going burnt in legal fees and payback to DFA, but that needs to be made clear. Again without a future for the "IP" , the company needs to be wound up and the kitty distributed back to holders, I dont care if it 1 cent.
c) If OPT is indeed headed for the graveyard, then most of us would prefer to take the capital loss in the 2024/25 tax year.Exactly -- what is happening now, and where’s the timeline?Because vague statements around “ongoing discussions with DFA” isnt cutting it.
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