It was total chaos. around 5000 to 6000 investors turned up and the venue was jam packed.i was standing in the meeting for two hours in hot sun. masood never showed up. the advocates conducted the meeting. the plan proposed by the company has been approved with majority.
The comapany is not going to shut down and will accept new investments after getting out of this crisis. however comany is terminating all current investments and paying back the investors as per the proposed plan. Nothing was mentioned about the status of the preferential shares.