DigitalTown, Inc. (DGTW)

[trader59]

The court appointed US Trustee is telling the judge there's nothing to invest in. It is essentially a shell company, no business operations whatsoever, no bank account, nothing of value, and carrying a huge debt. The judge will agree and send this to chapter 7.

And, besides, who'd even want to invest in a failed dead company that has about 3B shares issued and outstanding already, they can't even ask for an equity guarantee for their investment? Why would they even try to keep it going, just dissolve it and start over from scratch? Way better than having to address the debt and all that stock already issued if you're starting a business.