Lady gofor, I don't think that we will be back to square 1.
What seems to be happening - and let me say clearly that I don't know this for sure, it's just my guess, based on a few things that have come together - there is interest in a reorganization of Medizone. This means new people brought in, no previous management.
What makes me think this is something that Elis posted in #48737, in the second paragraph. It sounds like there is at least an openness to the idea of restructuring through the Ch. 11 process, rather than proceeding with the Ch. 7 liquidation.
If that is accurate, it can only mean that there are serious investors ready to move in with enough funding to move the Company forward through the FDA approval, initiate hospital testing, and begin real commercial activity.
Otherwise the trustee would never entertain the possibility of reverting to the Ch. 11 process.
Having said that, I don't know how that scenario fits with the most recent filing, in which Ed seems to be rescinding the Ch. 11 petition. It is really a confusing picture, with many legal mechanisms involved.
