BioNitrogen Holdings Corp. (BIONQ)

[dhe777]

BIONQ is not trying to get their bankruptcy dimissed. Their creditors have filed a motion to dismiss the Chapter 11 they are in an liquidate all assets of the company. translation "End of Company". BIONQ is trying to convert their Chapter 11 to a Chapter 7, where they would have to sell all unprotected assets and distribute the funds to the debtors, which would end their responsibility to pay previous debt and they could continue business not look like they are doing much really.