Luxeyard, Inc. (fka LUXR)

[jaxstraw]

The drop in PPS from double digits of LUXR had nothing to do with the filing of Chap7. on Dec 27

The actual fall from double digits took place around the release of the 10Q nearly a month earlier on Nov 19.

A simple search of historical prices shows this.

The market and shareholders lost faith in this company well before bankruptcy filing.

Unless the company shows better business, the bankruptcy dismissal really was just a legal issue that should not change the fact that this company is losing money badly.

Ask yourself why at least three more creditors, that had nothing to do with the ex-CEO and his breach, filed a joinder to the involuntary petition ?

Because this company legitimately owes them money they have not paid.

That's not good...it means LUXR has not been paying legitimate creditors either.

On top of poor performance, debt, and future legal expenses, they are diluting in order to raise capital.

Sounds great....lol.