We are subject to the risks and uncertainties associated with proceedings under chapter 11 of the Bankruptcy Code.
The Debtors may not be able to effectuate a sale of substantially all of their assets.
We believe it is highly likely that the shares of our existing common stock will be cancelled in our Chapter 11 Cases.
We may not be able to obtain confirmation of a Chapter 11 Plan.
If a proposed Chapter 11 Plan is consummated, the Company will likely be liquidated and will not continue as a going concern.
In certain instances, a Chapter 11 case may be converted to a case under Chapter 7 of the Bankruptcy Code.
We may be subject to claims that will not be discharged in the Chapter 11 Cases, which could have a material adverse effect on our financial condition and results or operations.
Our financial results may be volatile and may not reflect historical trends.
Transfers of our equity, or issuances of equity in connection with our Chapter 11 Cases, may impair our ability to utilize our federal income tax net operating loss carryforwards in future years.
Our common stock is quoted on the OTC Pink, and thus may have a limited market and lack of liquidity.
The Company has been adversely affected by the recent coronavirus outbreak and is likely to continue to be adversely affected for a significant period of time.
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