Item 8.01 Other Events.
As previously disclosed, on
In connection with the Case, and pursuant to bid procedures approved by the
Cautionary Note Regarding Trading in the Company's Securities and the Auction
The Company cautions that trading in the Company's securities during the pendency of the Case is highly speculative and poses substantial risks. Trading prices for the Company's securities may bear little or no relationship to the actual recovery, if any, by holders of the Company's securities in the Case. Furthermore, the selection of a winning bidder at the Auction is not a guarantee of a successful sale process and closing. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, about the
Company that involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this Current Report on Form 8-K
are forward-looking statements. In some cases, you can identify forward-looking
statements because they contain words such as "expects," "anticipated," or
"may," or the negative of these words or other similar terms or expressions.
Forward-looking statements in this Current Report on Form 8-K include, but are
not limited to, statements regarding the Company's plans to sell all or
substantially all of its assets, the Company expecting to enter into an asset
purchase agreement with the Successful Bidder, statements about the anticipated
completion of a sale process, conditions that the anticipated closing are
subject to, and statements about actual recovery, if any, by holders of the
Company's securities in the Case. The forward-looking statements in this Current
Report on Form 8-K are only predictions. The Company has based these
forward-looking statements largely on its current expectations and projections
about future events and financial trends that it believes may affect its
business, financial condition and results of operations. Forward-looking
statements involve known and unknown risks, uncertainties and other important
factors that may cause its actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements, including the important
factors discussed in the sections entitled "Risk Factors" of the Company's
Quarterly Report on Form 10-Q for the quarter ended
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