Replies to post #28630 on Vision Industries Corp. (fka VIICQ)

[otc market movers]

Lol, I hear ya. So now what happens? Same position they were in 2 months ago? What would be the total cost to take the company private??

[Hierophant]

The only problem with your entire hypothetical is that you don't understand how basic bk works. The judge does not act unilaterally until the proceedings have been entered. At this point we are still in the filing stage as proceedings cannot be entered until they have representation, so if there is no representation then it is dismissed. If they enter into proceedings, with representation, then the judge could order whatever they deem to be the best route for restructuring or debt conversion/liquidation. We have not reached that yet though, as of now we are technically not even in bk, as we have only filed to begin, and representation must be had first, which Martin as of now does not have.

[Clerk_ofthe_Zephyrs]

Regarding last parts... chapter 7 inevitable and how would they keep lights on if judge dismissed case,, isn't it feasible that some deal has been worked out behind scene for financing running of company and paying off debts, by Swiss ,TTSI or some other entity or higher ups maybe.... wouldn't that be reason for judge to dismiss...

serious ? and respect your opinion..... lots of armchair lawyers here, hard to decipher the bk courts progress sometimes...