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MikeWhite

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MikeWhite

Re: uranium-pinto-beans post# 440

Monday, 04/07/2008 3:45:03 PM

Monday, April 07, 2008 3:45:03 PM

Post# of 1354
Where did I get this info?? From DIOM's own SEC filings

"Diomed intends to continue to operate its U.S. business as a “debtor-in-possession” under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court, pending completion of the sale of its assets to Biolitec AG and other parties."

The company did not just stop and drop everything. They are still going to "continue to operate" and rack up debt while some people hold on to shares in hope that the company is not really in debt as they file for bankruptcy.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5799129-814-7326&type=sect&dcn=0001144204-08-015251

This might be a good MOMO play but other than that it does not look good to me...

-Mike

*Disclaimer: My post are possibly fictional and/or are my opinion. I assume no liability, nor do I guarantee any stock's performance. Please do your own due diligence.

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