reorganize does not mean moving the furniture . . . taking the company private makes it much easier to restructure . . . why would they want shares trading if contemplating a BK filing? . . . voluntary delisting keeps them in decent standing with the sec, and gives them the right to reapply without the burden of underwriting a new IPO . . .
as for the phone number, who wants a phone number that comes with years of bill collectors? . . . or a website full of outdated info, and a stark reminder of the past failures? . . .
your scenario includes wanting the IP and tech, but not the shell . . . mine adds the shell . . . i'm surprised you don't think these guys want to be public, most "go-getters" dream of it . . .
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