Replies to post #16080 on Flitways Technology Inc (FTWS)

[otced]

WORST FEAR EVER! Chapter 11. Chapter 7 IS Restructuring ,Chapter 11 IS public THEFT !.

Interim management, Daniel Sobolewski said "We remain committed to restoring FLIT operations and bringing the Company back to a fully operational status. We are working to figure out the bankruptcy process, and how this would affect our shareholders. Moving forward, regardless if the IT team can restore the software or not, according to our advisor's Chapter 11 is the less harmful way for the Company to proceed in an ongoing restructuring. Down the road, out of this restructuring and cleaning up the Company will be ready to continue the same operations, to acquire new opportunities and to expand into new markets. At this point we are not ruling out a change of industry or a new direction for the Company post Chapter 11 or otherwise.