First Liberty Power (fka FLPC)

[CaveatEmperor]

Labrdaorite:

WRONG!! In general, Insolvent companies WOULD be updating their Websites and going about their normal business within the parameters of 'Chapter 11 Insolvency'. Both Polaroid and Kodak are allowed to continue trading as set out by the US Government, to help pay off their debts which is why Kodak Sold off many of their Patents in order to try to satisfy creditor's and to get Millions of Dollars cash to go towards their survival and debt.

It is unlikely this ruling would hold for FLPC though because they have nothing worth selling that would even make a small dent in their current debt. They would simply make an announcement (or not), that it would be no longer viable under present conditions to continue trading and all shares would go into suspension, never to be seen again. You cannot trade or access your shares which would be a 100% loss to the Investor AND all Creditors... which could be FLPC's best option if the company fails. The BoD won't fund they company indefinitely...assuming they really are?