Unless I missed it, was there ever any news release or, in this instance, a formal filing as to important corporate news, by ANTS, when Joe left for greener pastures?
I would assume, unless no one was left to shut off the lights, that the board of Directors or any other operating officer still around were obligated to issue a formal announcement. Do small companies operate under different rules?
If the Board has not all gone home, should they not be looking for a replacement?
Was this just a big tax write-off for the largest holders or did they stealthily sell off in past month or two, taking a loss unless they got lots of free shares?
One last obvious question relating to Joe. Why would anyone hire him given this train wreck?
BTW is lack of any volume today a sign the doors are closed?
maybe he still active in ants majeure force not involved Underlying Shares may be sold under Rule 144 without restriction or if such legend is not otherwise required under applicable requirements of the Securities Act (including judicial interpretations thereof), then such Underlying Shares shall be issued free of all legends, and the Company shall cause its counsel to issue a legal opinion to the Company’s transfer agent to effect such issuance free of all legends. The Company agrees that the Underlying Shares may be sold under Rule 144 without restriction on and after March 4, 2012.