A) who ever is keeping/paying the chapter 11 fight to go on. Decides to quit funding the enterprise
B) Unpaid creditors agree to release all liens and holding
I wouldn't release a plan of reorganization if I could not get creditors to drop their filings. Creditors are not going to drop their claims until they have to or not worth it. If I were to inject fresh capital into a shell company to start again in order to catch the next oil boom wave down the road (years). I would not want to start it negative, no matter how easy the shell company is used as a vehicle.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM