BG Medicine Inc (BGMD)

[learning curve]

I thought the DIP loan was the basis....for closing ou debt.
I also think a change in capable sales was evident pre r/s when large investor sold for a large loss.
The resolution was to scrap assets with best possible return.
I would have been expecting one more rcapitailzation effort; however they terminated registration...
With cash at zero the stock should be at zero shortly or go to an unknown destiny on value or buyout of asset.
The extension in time is a positive unless materially negative news is released (this news would be along he lines of ....zero for all!!!)" zero for all" is very very rare!... But exist!
The other scenario is extension in time is their ability to cut cash and gain cash....
"How long can they do it" is not a question I entertain at this point (based on previous r/s shareholder exit for loss stated above). The asset is for sale and will be sold any day now.....(but a suspect dilution raise would alter the entire basis of my proposition)

Ps I'm betting on my perception of what I remember and believe to be true....so if you know that there is not a DIP loan or any other material info that I'm missing / forgetting please feel free to inform me

That's my position in a nutshell.
Long buyout....soon
Premium unknown and would be shattered by any substantial dilution....possible creating zero.....but a recap with incentive to zero is not legal.....
The pps is so low they can't raise sufficient capital for a year.....( my understanding is $3m at 4m shares which = what?) without introducing a prefers series unit.
I'm not selling anything. I buy too zero unless material info comes....my next buy is .12 then .07 then .025 then.....and that can't happen without material info.....so I'll be out....big/zero?
Time is out

Any buyers should know the pps will drop after buying....inverted market mechanism...