You've done the easy part. Little turds like you are best served concentrating slobbering on your momma's tit. When what or how i trade is none of your concern. I don't give advice, I give opinions. IMO, I think you ought to bet your full nut of probably...what.. couple grand, DUDE, on this sure fire deal.
There's a lot of difference between researching and watching. I've been watching. The data is slim for research....although the auction results were about 50% less than what EC counsel said it should be. Good luck with that.
As far as the 'hopelessly insolvent' argument, or lack thereof, when you are selling substantially all of your business, and the cash flow that comes with it, if the auction(s) don't put you in the black, then solvency is not even part of the equation. This is a liquidation, after all. Get it?