Chadman, the creditors, for example GE, would be able to appeal to the court about the distribution of assets, if any, if the company were to be considered insolvent by a bankruptcy court. This company appears to have no assets other than its potential science. I am not that knowledgable about "work in process" assets like patent applications, but my lawyers have told me that a receiver could convince the court to allow a company to pursue the completion of a patent or a permit if funds can be reasonably obtained and that it would benefit first the creditors and secondly the stackholders (and pay the lawyers bills). Take care.
