RE: Uphill but possible I have not read all of the court documents, but the sales/investment soliciation porcess appears genuine. A 10% cash deposit is required up to $100,000 to potential bidders.
Highest bid not necessarily will be accepted. Maybe parts of the company will be sold off to different parties. I think the process of receiving bids will help the company to decide which coarse of action is best. They are not obligated to sell the company at this stage.
If the bids are too low maybe another option will be pursued. Do shareholders get to vote on any sale or investment proposal?