This is similar to what General Motors did when it filed for its own bankruptcy. It appears that some or all of the assets will be sold off to a company called New Vetrix LLC or another buyer who can come up with the financing. At least the technology will not die; this is our future and we need it to progress quickly!
http://tinyurl.com/yb4nv2o
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Vectrix Has Entered Chapter 11 Bankruptcy Protection
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