ch11 means they have protection from creditors, yet the business remains running and bringing in money. for a stock with no PE multiple and no profit- the case for pretty much all otc stocks, it's not as big a deal as you think.
or would you rather see no ch11 and a big fat round of toxic lending dilution adding a billion shares to the pool? that my friend, would be much much worse.
ceo is protecting the business. that is my take on the move.
News 
Market Data 
Discover 
