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Replies to #70099 on Biotech Values

DewDiligence

12/14/08 2:37 AM

#70102 RE: microcapfun #70099

>INGN – How in the world can declaring bankruptcy be good for shareholders who will lose whatever they have left of their investment!?<

Well, the PR did say, “…the company believes today’s actions represent the wisest alternative for our shareholders, creditors and other stakeholders…”

Who, exactly, are these “other stakeholders?” The former executive officers who are now “consultants” to the company during the reorganization.