I'll help you out a bit.
See, involuntary bankruptcy is not considered a true BK by the Court until Judge rules on it.
So even though this was filed months ago, nothing mattered until the recent ruling. Either it was going into full BK or not at all.
The company carries on business as usual while the petition is filed and waiting the decision.
It still issues all SEC filings, can issue shares or change share structure, and carry on all normal business, unlike a true Chapter 7 or Chapter 11 ( Ch11/7...get it now ?) and it benefits from the initiation of the automatic stay like a Ch11/7.
This is why there never was a 'Q' attached , and why they were able to issue shares.
Furthermore the only way a court accepts the three creditors to file the involuntary BK is because there are actually greater than 12 creditors already.
So understand, even though the three creditors who filed for the involuntary BK might be affiliated with the ex-CEO, there are numerous other creditors who are not.
And they still exist, and are legitimate.
All this is why I said it was more a legal matter than a Bankruptcy filing up until now.
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