American Scientific Resources (ASFX)

[Mariner*]

Unless prior to the filing of the chapter 7 bankruptcy, ASFX paid for services with common shares or paid off notes with common shares [or had agreements to do same], then they could be cashed out in the market after the bankruptcy is cleared.

But that doesn't make any sense to me because the whole concept of filing would be to get relief.
Any outstanding notes or debt would have been covered in the bankruptcy procedures, right?

So, why wouldn't the common shares survive at the closing?
I see no stipulation stating otherwise, do you?
I think the common shares are good to go-
M-