b-ax-sq asset purchase seemingly much above debt may have lotsa cash after bk or not gamble for sure but has legs
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ExWorks Wins OK to Buy Baxano Assets for $5.5M -- Market Talk 1:24p ET January 30, 2015 (Dow Jones) Print ExWorks Wins OK to Buy Baxano Assets for $5.5M -- Market Talk 13:24 EST - ExWorks Capital Fund I wins approval to buy Baxano Surgical's flexible-surgical-instruments business for $5.5M. ExWorks intends to resell Baxano assets, including the company's iO Flex surgical-products line, to Georgia-based Amendia. A bankruptcy judge has signed off on the deal, along with the sale of another $2M worth of the spinal-device maker's assets Thursday. Baxano, formerly TranS1, filed for bankruptcy last year after agreeing to pay the federal government $6M to settle Medicare-fraud claims. (patrick.fitzgerald@wsj.com; @patfitzgerald23)
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wiseassowl Member Profile wiseassowl Wednesday, January 14, 2015 12:07:39 PM Re: beachboy3 post# 787 Post # of 831 $27M total, but only $7M is secured debt. You can see all the court docs at omnimgt.com. Good luck.
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not my dd bc im lazy today do ur own dd and dont be like me