Advance Nanotech (fka AVNA)

[BigGuy1]

Only argument I can see is against it. Chapter 7 will result in the company, or entity, being dissolved. The assets will not pay off the current debtors. A legal firm that holds shelf companies may pay a bit for the corp. but I doubt it. If they did the money received would go to the noteholders first as part of the Ch 7.

Delware shelf companies are available for anywhere from $1,000-$30,000. With more than 70 million shares outstanding you do the math. And that would only happen if assets were more than liabilities - which they aren't. I'd take my 3 tenths of a penny and the tax loss and run. Disclosure: Had 100k in shares at one time, but I've sold it all and moved on.