Item 1.03 Bankruptcy or Receivership.
On
In addition to the petitions, the Debtors have filed, among other things, a
motion with the
The Company cannot be certain that holders of the Company's common stock will receive any payment or other distribution on account of those shares following the Chapter 11 Cases.
Additional information on the Chapter 11 Cases (including copies of all documents filed in the Chapter 11 Cases) can be found at: https://www.donlinrecano.com/Clients/plx/Index
Cautionary Statements Regarding Trading in the Company's Securities
The Company cautions that trading in the Company's common stock during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company's common stock may bear little or no relationship to the actual recovery, if any, by holders of the Company's common stock in the Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its common stock.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and other
securities laws, 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 "expect," "may," "will," "could" or "believes" 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, the Company's
ability to continue ordinary course operations during the Chapter 11 Cases, the
value of the Company's common stock, the potential sale of substantially all of
the assets of the Debtors and the ability of holders of the Company's
common stock to receive any payment or distribution. 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
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the Inline XBRL document).
© Edgar Online, source