This is our (common shareholders) only hope to recover any value for the shares that we are stuck holding.
Pages 16 & 17 of the Nov. 2, 2012 report of Ernst & Young Inc. the bankruptcy monitor, pertains to the negotiation of a potential sale of the sizable tax losses accumulated by the failed Azure Dynamics. It is slowly progressing although we probably won't know anything definitive before mid December. Without a sale of these tax attributes, we as shareholders have no hope of getting anything for our shares. Sorry but I can't seem to be able to copy and paste just the 2 pages, but I have pasted below the link to the entire 38 page report. Cross your fingers and hope for a tidbit of good Christmas news.