Here is the link to the latest (Sept. 14, 2012) report from Ernst & Young Inc, the bankruptcy monitor.  Please check out Apendix B which to me sounds like some UNNAMED company might buy the empty shell of Azure Dynamics for the accumulated tax losses and restart a new entity (New Azure Dynamics) by acquiring 49% of voting shares and up to 100% of non voting shares  (IS THIS US?  Please read carefully and post your OPINION of what this means.

 

http://documentcentre.eycan.com/eycm_library/Azure%20Dynamics/English/Monitor's%20Reports/Seventh%20Report%20of%20the%20Monitor%20-%20dated%20September%2014,%202012.PDF