andre...I believe you are right on...receivership is a term used with BK. This company is not going bankrupt (imo). They may have used this term to apply a lot of pressure to get their bill paid. The legal firm doesn't care about this company. They just want their money. Why weren't they paid? I think it was a dispute. e-world says "you got your stock" and the legal firm says "the stock doesn't cover the fees, so we sell and sue for the remauning'. Maybe the legal firm knows their in for some big cash gains in the future and say "we want cash....not a stock that sells for whatever" and they think they can get it. Maybe they regret taking the stock and the senior partners say "get the cash". We'll see soon.