Ethanex Energy Inc. (fka EHTEQ)

[makesumgravy]

Ehtee is now the symbol........I didn't invest either it was to iffy.........but this is what was filed. I'm sure lots of money was raised for this venture early on. The pps was 1.50 at one time. The company did file for a voluntary ch 7. The problem I see with all this, is that the companies Ceo should have been putting this money into escrow. There will always be people who were in possession of large number of shares "insiders", who made money off this regardless. At this stage of the game and the company having filed for bankruptcy it always amazes me that these companies are still allowed to trade, and many long after. Shell companies should not be allowed to pre trade or post BR, it makes no sense. Shares being bought and sold that have no value. Kinda like what was going on here and with all the unknowns and not having a viable or tangible business.........There should be a private proven business that has reversed merged successfully before its allowed to trade. Business models and the ideas of constructing a business can mean anything?. The risk are phenomenal.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5281711