it is my opinion, what is expected on 8/22, is that vmsyq will go before the bankruptcy judge, and give and explanation of what is going on with their bankruptcy proceedings. they have already asked the judge for 2 or 3 extensions. the lawyer representing vmsyq, has already stated that they were working with investors, to bring more money into vmsyq. this could include buyouts, mergers & acquisitions, hedgefund investments, or foreign investment. Nobody really knows specifics. Other than insiders own approximately 40% of O/S count. the company is running business as usually. but nobody knows the specifics of what is going to occur. Maybe some insider buying happened on friday, and pps jumped 300%. but thats just a guess, nobody knows specifics.
if the company emerges from bankruptcy with an outside investor, like a hedgefund, or with a merger of a larger corporation, with shares intact. the pps goes way up to the moon.... maybe $1dollar/share. and is why, most everyone is holding. and waiting on their ticket. glty, my friend.