INGN goes belly up ...
How in the world can declaring bankruptcy be good for shareholders who will lose whatever they have left of their investment!?
>>“In light of our current financial state and recent market conditions, the company believes today’s actions represent the wisest alternative for our shareholders, creditors and other stakeholders,” said David Enloe, Introgen’s president and CEO.<<
Hang on ... I think I've got it! Anyone still holding INGN shares, after all that's gone down, is obviously a clear and present danger to themselves and their family's financial well being (not to mention a complete nincompoop). By declaring bankruptcy, the company is putting such people out of their own misery - by preventing them from continuing to average down in the future!
Sort of like mercy killing, I guess.
micro
Life is an IQ test.
email: microcapfun@yahoo.com
