Going through most of that AND also knowing that you said we "didn't know what we were talking about" and the 8k was "nothing" only mere hours before the stock price went from .0029 to .0006 - ... I DO actually agree with some of what you are saying here.
Agreed, the investors would not want to take over the business, and as I previously posted, they are guaranteed next to nothing in a BK. However, that said, they are not going to extend the note simply because Carney asks them to, even if he does so, without some plan to see SOME return on investment. With no cash and little other assets (other than the mine), I don't see how AMNL can make realistic promises to make ANY future payments on over $50M in debt. Also, I don't know why AMNL itself would choose to try to carry on with the $50M millstone around its neck.
What makes sense to me is that they auction off the mine through BK - probably gets bought by Ionic - investors get that money (probably less than $5M), AMNL closes its doors, and that is that. Carney goes to work for Andre and the mine carries on and is free of debt and Ionic carries the AMNL torch with the exact same business model (with slicker website, of course)...Now, all that is just my conspiracy, but seems more possible than some of the other suggestions on this Board.
But I agree with you, like I said in my previous post, if you are prone to irrational hope - there IS hope that they extend and we do this all again after a bit of time.
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