Existing holders are now carrying an essentially worthless stock. I can't see how the company can avoid bankruptcy and a consequent sale of all assets at an enormous discount. It would take a miracle for anyone to realize a penny for whatever the size of their holding. All existing share holdings will have no value whatever on the other side of a bankruptcy proceeding. Even under a CR scenario, a CR at a tenth of a cent per share, even if they could get that much would dilute existing holdings down to homeopathic levels.
This is the end of the POH saga, ladies and gents.
POH Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held