Bankrupt and Distressed (BAD) Research and Due Diligence

[finbar99]

Look at the chart over the past year - an acceptable offer prior to bk would have had to have been well in excess of the .50 to 1.50 range depending on the time frame to be entertained then. I'm under no illusions that a final bid would make equity worth much more than .50 absolute tops. But at .11 now - an offer that would not have been made/entertained then, its a multibagger now.

They halted development of applications built on Pulsys for lack of cash - but the Pulsys IP is there, and it has an application that has survived the FDA approval process.