bought at 58, page-69

I wonder there will $1.10 per share capital to its shareholders if the boards of Progen decide to liquidate the company. It will need to appoint the administrator to sell all of its assest, pay the liabilities, pay the termination payment to its boards and management team. I will say if the shareholders could get 80cents per share back would be really lucky. I just don't get it why not spend $30m, get the PI-88 done which could be a drug which could easily sells $100m per year and we shall se the share price back to $1.50~$2.50 quite soon. Maybe the Boards just try to get rid of everything to cover their past mistakes (we can not find from its company website for even a single word on PI-88 which Progen has developed for the past 15 year!!!)