something that deters a lot of people from buying in is the timing of it all. they wouldn't want to wait a year to get paid even if it is a double. However, what some may be missing is in Docket 217 for a motion to file for an extended exclusivity they stated:
"The Debtor is in the process of finalizing a proposed plan of liquidation and anticipates filing a plan within the next several weeks. "
Bar date is the 11th, sometime in late April is my guess for a liquidation plan to be filed. Should trade close to whatever the first distribution is (maybe .06 to start?) .
Other things may happen in the mean time too. I know there are talks with the trustee to see if an equity committee might be formed to make sure the new CRO 's in check.
Also the warrants claim may be contested for a reduction. Same firm put in a large claim with Bind Theraputics but settled for a fraction of the claim.
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