Visual Management Systems, Inc. (fka VMSYQ)

[yaadmon]

I did, here are some snips, thats why I was scooping up the sellers shares....

Buyout basically approve by companies, just need judge approval

it has simply been accepted by the company on behalf of the remaining entities. The court is the only entity that can ultimately "approve" the transaction

Going to prepare a plan to save shares

The company intends to put forward a plan of reorganization to salvage the public shares

I see this as commons saved, equity holders took the loss

There aren't really challenges, per se, to emerging from bankruptcy after the assets are purchased and vacated from the public shell. All of the confusion regarding the public shares and the equity holders is a separate issue from the asset purchase agreement.