Visual Management Systems, Inc. (fka VMSYQ)

[xtrahott]

Funny post deleted AGAIN.
The CEO is FAR different than a common shareholder. He has a bunch of money invested in the company. Chances are the collateral is stock options. Which would make him a creditor in a BK. Of which he would have 2 options. Call those options and sell prior to filing BK, ala major airline CEOs. Or hold them through BK expecting them to retrace to their previous spot. Why if you have shares from years ago in the company at $2 would you call the option and buy them significantly higher then the current PPS, thus losing a ton of money.
So either he still holds them, or sold them pre-BK, you decide.
And yes a stock option would be an asset. The company would have to either issue them new, or buy them off the open market. Both of which cant be done in a BK. But you already knew that.