Gryphon Gold Corp. (GYPHQ)

[finbar99]

BK case is getting interesting. Not sure how this will play out but Waterton's motion to convert case to a Chapter 7 was dismissed, albeit without prejudice. Newly appointed Chapter 11 trustee appears receptive to the argument that Waterton pulled a fast one this time last year. There is some outside chance that the horrible deal that O'Neill and the board made back in early '13 could be unwound. I suppose this may mostly hinge on whether any smoking guns of nonfiduciary behavior can be found, and whether the activist investor group that is trying to salvage the wreckage could raise the necessary funds to strike a different deal. Anyone else following?