I´m not sure, if i understand. (i´m from europe)
The BC / Chapter 11 is fact since a few weeks.
The last filling says that the reasons for the bc are a few 100k dollars @ UTC or someone.
They geht a lot of shares and give laxaf a timeline @ dezember 2011.
the company can do without the "ok" from UTA nothing, but UTA´s Shares are a great reason to wait a few days/weeks.
aditional the have warrants @ 0,05 cent.
why give uta laxaf a litte chance to work(lol) a few month more?
1. laxaf can earn money and pay them all money back
2. uta make a big push to sell millions of shares.
i think Nr. 2 is the right answer.
The volume in the last weeks was a lot of time "0".
After a long time some one buy round 100k shares a day.( 104.000 to 109.000 Shares) a few days for the last filling a day with over 400k shares. (the most buys were askbuys)
for shortsellers, it was a to low volume
I think the plan for the short future of laxaf is a big short push. the first insiders buy in before a few days. now the filling.
With the filling and " the hope for the future" and a few email promoters the can do a push.
...and i theink they will do it