Atheronova, Inc. (fka AHROQ)

[golfstar03]

Chapter 11 bankrupcy is different than standard bankrupcy

Named after the U.S. bankruptcy code 11, Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.

Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.

This does not look good for the company but it doesn't mean they will fold. It did state in the release that their trial is complete and hopefully will come out with the data soon as this will be a leverage to assess value to the company.