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figone

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figone

Re: Value_Investor post# 677

Friday, 01/25/2013 4:02:55 PM

Friday, January 25, 2013 4:02:55 PM

Post# of 733
This was on its way over .10. Huge buying out of nowhere.

Been tracking the bankruptcy case on PACER. Currently, no creditors listed.

I am curious to know where all the assets went? Just six months ago, they had $28 million in assets and only $13 million in liabilities. For the first half of 2012, they had $32 million in revenue, $39 million on operating expenses and just six months later they are bankrupt.

Why they went Chapter 7 is anyone's guess... Either there were fraudulent activities or there's an error in the BK filing. Something doesn't add up here.

MKTSQ

All IMO, of course.

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