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In a word, yes. My guess is though, that the loan stock hasn't been issued yet, let alone converted into shares. Once that's done then you don't get any interest on the loan and the debt is effectively paid. I say worthless but mean by that, that if I were a neutral looking for a fair...

If DK is being forced from the board he could insist that his shares are bought. Otherwise he could be a major thorn in any new decisions considering his voting power by virtue of his shares. Also, loans owing to directors and others might have been converted into shares. They set up the...

That's it's nominal value, not how much it is worth. Share valuation is an art not a science and can be calculated several ways based on things such as current fair value of all it's assets, a factor of future expected returns based on existi g profits etc. On any reasonable basis I'd say...