Fuse Science Inc (DROP)

[itlogic]

Chapter 11 isn't necessarily bankruptcy. Its called a stay to reorganize, or something like that. It is simply a legal way for a creditor to tell its debtors that it doesn't have the money to pay and wants to reorganize the debt so they can continue business. By not filing chapter 11, Fuse is essentially saying they quit. Instead if reorganizing debt to continue business, they are just giving whatever assets they have to their debtors and closing shop.

For all PR's about game changing technology, Malaria cures, insulin delivery, big pharmaceutical and other grandiose dreams, it sure us peculiar that they just quit with all that blah blah potential they spewed.