Replies to post #2668 on Power 3 Medical Products Inc (fka PWRM)

[phoenixdove]

I'm not able to copy the Original Petition that was filed but it shows $500K - $1M in assets and $1M - $10M in Liabilities.

The Debtor (PWRM) checked the following box.
Debtor estimates that, after any exempt property is excluded and administrative expenses paid,there will be no funds available for distribution to unsecured creditors.

Shareholders are at the bottom of the list of "unsecured creditors". If there would've been any hope, they would've filed Chapter 11.