Aksys Ltd (AKSY)

[jaxstraw]

This company ceased operations in 2007. It's assets were foreclosed on and sold off.

On March 28, 2007, the board of directors of Aksys Ltd., a Delaware corporation (the “Company”), authorized an assignment for the benefit of creditors. An assignment for the benefit of creditors is designed to allow for an orderly winding up of any remaining assets and liabilities of the Company by the appointment of a third party assignee experienced with winding up businesses and settling liability claims.
As previously reported, the Company has ceased active operations and most of its remaining assets have been sold or foreclosed upon. On March 9, 2006, Durus Life Sciences Master Fund Ltd. (the “Secured Creditor”) closed a private foreclosure sale pursuant to which the Secured Creditor sold substantially all of the property subject to the security interest under the security agreement dated as of June 23, 2006, by and between the Company and the Secured Creditor
On March 29, 2007, the Company also filed a Form 15 with the Securities and Exchange Commission seeking deregistration of its securities under the Securities Exchange Act of 1934, as amended. The Company believes that it no longer has the requisite number of holders of record required to continue its reporting obligations.
Given the amount of the Company’s remaining liabilities, the Company does not anticipate any distributions for its stockholders from its remaining assets.

http://www.sec.gov/Archives/edgar/data/902600/000095013707005248/c13902e8vk.htm