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trader59

11/04/20 8:07 AM

#4777 RE: 757 #4775

Except that, according to the US Trustee appointed by the bankruptcy court as oversight, the company has no business operations whatsoever, no cash, no employees, nothing of value, no bank account, huge debt, and no chance of a reorganization, recommending moving it to Chapter 7 for liquidation and shut down.

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html