One cannot unilaterally move assets away from any class of bondholders. You cannot unilaterally shred the trust indentures to suit ones benefits. The independent review confirmed that the assets were inappropriately shifted away from their rightful owners.
You cannot unilaterally shred your divorce decree as much as you may want to. Same concept, this is the purpose and intent of the trust indenture which is to protect all parties.
The entire entity needs to voluntarily put themselves into BK to resolve the matter fairly and equitably.
I expect APDN will be issuing an additional $8M of equity to cover operating expenses..This has been clock work for the past few years.
Still believe in the company but this is a necessary evil until they can really gain momentum. I believe there is additional legislation coming in 2017 (in Europe) that requires all healthcare companies to secure their supply chain requirements - or something along those lines? This will be a significant development in the space that can impact APDN. Can anyone confirm my understanding.