Let's face it debts get settled because the companies will eventually us them for write off's on their tax liability and can't consider to persue it after settlement. I bet we see an attempt to revive this at some point. LG Capital was probably trying to work through a reverse merger with the shell till a the deal fell out or push a lot of shares sales through convertible toxic financing. The court case looks like may be settled by now and maybe somthing can happen.
Look at the Date..
Everything I post is my opinion. I only work and trade for myself not employed or compensated by anyone or firm in the financial industry... and I never short stocks...