From the Admin Proceeding this morning it shows that AgFeed is in liquidation bankruptcy. In Chapter 7 cases the shareholders may or may not receive any proceeds IF there is any money remaining after all creditors and claimants have been paid, but the stock is cancelled once the liquidation becomes effective.
Since FEEDQ was sorely delinquent in filing Financials the company offered to let the SEC Admin Law Judge revoke the stock registration. That will not necessarily exclude shareholders from the BK proceedings, but it certainly suggests that shareholders will get nothing.
2. AgFeed filed for bankruptcy protection on July 15, 2013 in the United States Bankruptcy Court for the District of Delaware and is currently in liquidation.
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
