Powerwave confirms deal on cash - buyout offers from strategic buyers and competitors
Powerwave bankruptcy attorney Mark Thomas of Proskauer Rose LLP said during the hearing that since Powerwave's "splat" into Chapter 11, as a result of the liquidity crisis caused by the draining of the company's account, "there have been many incoming calls" from interested strategic buyers, including competitors and other publicly traded companies.
That does not necessarily mean PWAV.Q shares will have any value, if the company is acquired. It is a carcass that hopefully doesn't go ch.7. The CFO himself said in the SEC filing that individual investors had substantial risk in holding or trading this bk stock. All bets are off.