WorldSpace Inc fka WRSPQ

[NY73]

doesn't work that way. sorry. You can't use the NOLs for an unrelated business. You can't be a candy company and buy this thing and use them. And, the BK judge can't prevent them from liquidating. The various parties to the BK can try to prevent it, but if they don't object...liquidation happens. That's why they filed a motion, and a hearing date is set. So, if YOU want to prevent it, file a motion and fight it. I don't know how much $ you invested, but if it's at a magnitude you have been implying, you should get a lawyer and do something. I haven't invested enough to justify spending more money on attorneys, but if I had invested a few hundred grand, I sure would be fighting this, and not to save the company, but to get to the bottom of this mess and determine if there is fraud. You can't force a reorg without someone to bail it out, so only option is liquidation if no such party exists. The creditors could have tried to force liquidation, but apparently they didn't. Like I said earlier.....there's a tiny chance this is a move to force someone to do something to preserve the NOLs...but that's a real longshot.