NexPrise Inc (NXPS)

[Prudent Capitalist]

The real deal appears to be that the spike up in PPS earlier this week was likely all hype, and perhaps a classic "pump and dump" operation.

Nexprise is in bankruptcy and no one seems to know the amount of the liabilities, in order to determine whether there is any prospect that the current planned auction of assets has any chance of exceeding liabilities such that there will be any remaining value in the shares. In my experience, when a company files for bankruptcy it is because liabilities exceed any reasonable value of the assets. Otherwise the BK filing would typically not take place.

It would be an extrememlly rare situation where there is anything left over for common shareholders after asset sales and settlement of a bankruptcy.