Guided Therapeutics Inc (GTHP)

[Zeppo]

I watched another penny stock go into an "involuntary Chapter 11" a few months ago. It was demanded by a former CEO who was a creditor and was not getting paid. Management turned the tables and filed a Chapter 7, so everyone lost. New management had been working on testing, the FDA, and fundraising at the time the Chapter 11 was invoked. Old management couldn't see the proverbial forest for the trees and cut their own throat.