Baxano Surgical, Inc fka BAXSQ

[wiseassowl]

That's right. Simple math tells you they will come up short, but there may be value we don't know about. Why will it take extra months to "wind down" a business that supposedly has nothing left? This is pure speculation, but I think they could be buying time to figure out new prospects. You can make the case that everything in court has gone reasonably well so far. They generated cash to pay off Hercules. Huge. The CRO is making money -- cash coming to pay creditors. A plan of reorganization that retains some equity doesn't seem impossible. I always suspected Hercules saw a good thing but realized there was no way to continue with BAXS the way it was set up (nearly 50 people in sales and losing money every year).