Replies to post #11378 on Immune Pharmaceuticals Inc (fka IMNPQ)

[trader59]

The company will never produce. It is in Chapter 7 bankruptcy. That’s liquidation and shutdown.

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

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

That’s why the SEC mentioned the ongoing bankruptcy in its suspension notice, they know the company the stock is legally tied to is being killed off.

It’s a pump and dump scam and everybody knows it.