In that last string of court proceeding filings (going off of memory here) they were asking for all suggestions concerning on how to proceed with the distribution of equities, company businesses etc etc and how best to be fair about it etc.. I believe that those concerned about the EGOC shares would be able to submit how they thought they should be handled through Pearlman. In other words the ones that had an interest in those shares (that were directly invested in them long ago) could ask that they be given ownership of those shares rather than Pearlman selling those shares for such a low price and ultimately they would lose out on the expected future price of their original investment in EGOC.
They could ask for their physical ownership of shares or a percentage of their shares rather than have pearlman liquidate those shares at a super low current price per shares. If I were one of those involved I would definitely suggest that I get the shares back rather than the current value of said shares. Just my opinion but I think that scenario may play out.
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Energy 1 Corporation (EGOC) Stock Research Links
What I post is my opinions and thoughts based on my research. Please do your own DD before buying or selling any stock. I am just as capable as the next guy in making good or bad investment choices! We win a few, we lose a few. That is the nature of the game!