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Thursday, March 31, 2011 10:42:09 AM
That can be a good thing in that the stock moves up strong on very little volume. But, for anyone considering an investment down here in the .0275 - .03 range, that presents difficult issues in terms of there being a sufficient market to be able to exit. Not to mention that if an investor wanted to invest a mere $1,500 (50,000 shares at .03) that would represent about the average daily volume of late, and he would likely get only a very small partial fill at .03.
Everything hinges on the $64,000 question: Are there sufficient assets involved in the bidding/auction process to yield enough funds to pay off all creditors, and satisfy the costs of the bankruptcy proceeding, including attorneys fees and advisors fees, etc., such that there will be anythign left for the shareholders who are clearly last in line?
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