No CEO, no board, no auditors, no capital, no buyers and not enough reserves. I can put peanut butter on this thing and eat it for breakfast because it is toast.
I don't care if book value is $100/sh. because they underreserved. But you don't have to verify that with me, you can ask their auditors. Or you could have if they hadn't resigned on Friday and vacated their position on not only 2009 but also 2008.
WTH? Were the auditors swapping porn files with SEC attorneys in 2008? What took them so long?
So, go ahead and float this thing for a few more days, just hope you have a chair when the music stops.