Lawsuit against company at this point is worse for its shareholders, than bancrupcy process. JMHO. HI ENERGY has no money to settle, no financing in works before bankrupcy takes its course. For me eather the above is proposition of doom, but watchin other bancrupcies, we longs, could get more out of it through regular process than a lawsuit. Since I bet on HIET turnaround heavily I may follow their example and go banrupt... I still believe chapter 11 would be very benefitial for the company and could be a turning point after they clean up their balance sheet. Though they would isue a new shares afterwards and old shareholders are usually left out... At this point I don't care all that much, money seems to be gone. Thanks for your valuable input. Are you still long or you were lucky to get out before Chapter 11?
