OGX's main value is licenses, which it expects to retain
It will start becoming operational profitable with martelo
it should save over 300 million interest payments annually after debt equity conversion
some reports have creditors taking about 50% of new equity, with some warrants or convertible debt. that leaves up to 50%: to existing shareholders
Even with shareholders diluted to 20%, that leaves about $1 Billion equity for shareholders or 30 cents per share.
I'm taking my million adr to da bank while the looser bashers watch and weep!
this is clearly a planned move by the big money to gamble on how quickly twitter wants to ipo.. tweeter can possibly delay the twitter ipo by holding on to its symbol. twitter can pay merely a few million to clear the symbol, or pressure sec to suspend and remove tweeter. until then tweeter exists like every other shells. can this be like the shell company that went from pennies to $20 when american idol took over its symbol? it's possible. maybe tweeter has already started gobbling up the shares.