KiOR Inc (KIORQ)

[jaxstraw]

So much for the * emerging disruptive tech*....lol.

Stated assets on Petition is over $58mm.

This is from the motion to hold a 363 sale of all of the assets......

Purchase Price: One of the requirements to be Qualified Bidder (defined
below), is a minimum cash purchase price of $17,135,000.

And of the 165 parties contacted to bid only 20 expressed interest.

Of those 20 only 1 actually bid ( who is the biggest creditor).

Now with the Courts approval of the 363 sale it remains to be seen if anyone wants to pony up more than the $17mm....a discount of $41 million to $58mm in assets the major creditor is willing to steal the company at.

Sounds just like what PTOI CEO Richard Heddle has set himself up for also.