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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.780.0%Dec 31 4:00 PM EST

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To: Robohogs who wrote (1288)7/20/2005 10:01:54 PM
From: Galirayo   of 3722
 
It's easy Jon .. They have 2 choices.

Reorganization .. They will Still Trade.
or
Liquidation ... They go to Zippo.

Re Org fails .. They Liquidate.

Like Pan Am .. or TWA.

ABRX will "Try" to get a ReOrg Approved. lol

Say ... Spitzer ??
biz.yahoo.com
[snips]
In addition, Citizens Bank of Massachusetts has cut off the company's $20 million line of credit.

But the Chapter 11 filing contained optimistic statements about the company's future, saying Able representatives have been in discussions with potential investors and that the bankruptcy reorganization, combined with a potential FDA consent decree and a recapitalization,

Maybe they'll call Icahn so he can Chomp em up.
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