In case nobody has been following the court case, they hired an Investment Banker to sell the company to highest bidder. If this occurs prior to confirmation, there is no dilution to common shareholders. If they sell it for say 80M, 44M first goes to debt, and the rest to equity.about .30 a share, which would give Accentia about 24M.
I think that's probably why Biovest had jumped in price a few weeks ago someone thought the sales was going to happen soon. I do think it's going to happen but at what price? I would have to also say in the 80 to 100 million area, if the data is half way truthful, I think the key for the sale is what Europe does, if positive it's sold.