This aura system company product is really cool. If you know anything about it I would think that you agree. It must be tought o come up against the big guys in making generators. This company should be worth 100s of millions. IMO
Aura Systems, Inc. Files for Bankruptcy Protection via COMTEX
June 27, 2005
EL SEGUNDO, Calif., June 27, 2005 /PRNewswire-FirstCall via COMTEX/ --
Aura Systems, Inc. (OTC Bulletin Board: AURA) today filed a voluntary petition under chapter 11 of the bankruptcy code. The company decided that a lack of adequate funding and an excess of debt necessitated the bankruptcy filing. The company expects to continue its day-to-day business operations as a "debtor-in-possession" without interruption, while the company explores the appropriate methods of raising additional or replacement funding and emerging from chapter 11. The company filed its chapter 11 bankruptcy petition with the United States Bankruptcy Court for the Central District of California (Los Angeles Division), Case Number LA 05-24550 SB. The company is represented by Levene, Neale, Bender, Rankin & Brill L.L.P., Los Angeles, CA.