Paid,
There are only 2 options:
a.) CRPK MGMT knew that the mill would not work prior to the grand openning, but conitinued to raise money fraudently without disclosing the problems to their investors hoping that throwing money at it would solve the problem, or
b.) They really thought it would work, were shocked that it didnt, and then continued to raise money thinking they could fix it by throwing money at it.
Eiter way it is total and complete neglect towards investors. They kept us in dark and even continued to raise money knowing what the problems were. Inducing a lender or investor to put up dollars under false pretence is no way to do business. I think chapter 7. May not be soon. Nothing moves quickly in our legal system.
Frankly, being up front and honest about the situation may keep others from losing more money in this play. So your saying it does no one any good is just way off base.
Share holders are wiped out in the vast majority of chapter 11 situations, IMO, it will happen here whether we go 7 or not.