Replies to post #61040 on Hong Yuan Holding Group (HGYN)

[zuniger]

Here you go Shareholders I found some new info:

In a Feb. 17 email to Plastics News, Scheer said the Chapter 11 filing was made to protect the assets of the company.

"We do believe that we have investors and shareholders interested in continuing to support the company going forward," he said. "Chapter 11 is done to allow a company to reorganize under protection from any aggressive creditors."

http://www.plasticsnews.com/article/20140217/NEWS/140219925/bioplastics-maker-cereplast-files-for-chapter-11-protection#