Dextera Surgical Inc. (fka DXTRQ)

[oich]

You should have received a distribution of just over .07 earlier this month. I received mine on 4/2.

[Raphael De La Ghetto]

Boy you were spot on with your horrible stupid videos. Freak joke how suckers pay for stupidity. shame!!

[Renee]

DXTRQ: Bankruptcy Plan Effective/Shares Cancelled. See SEC Filings for distribution details.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

Dextera Surgical Inc. SEC Filings on EDGAR:

https://www.sec.gov/cgi-bin/browse-edgar?company=Dextera+Surgical&owner=exclude&action=getcompany

[First Crown Research]

Welp tradings over. Now we wait for the distributions

[First Crown Research]

With the stipulation approved, that knocks out the low end of .009 for the payout. Odds are heavily skewed to high end of .066 now imo

[First Crown Research]

plan says expected payout between .009 and .066 though.

[First Crown Research]

Today an amended Plan of Liquidation along with a Stipulation regarding the settlement between the Warrant Holders was filed.

The settlement includes among other things:


The SHMF Claim shall be reduced, and allowed as a general unsecured claim in the total amount of $283,333.33 (the “Allowed SHMF Claim”), with prejudice to SHMF’s ability to amend the Allowed SHMF Claim or file further claims against the Debtor or its estate.

The SVWMF Claim shall be reduced, and allowed as a general unsecured claim in the total amount of $141,666.67 (the “Allowed SVWMF Claim,” collectively with the Allowed SHMF Claims as, the “Allowed Sabby Entities Claims”), with prejudice to SVWMF’s ability to amend the Allowed SVWMF Claim or file further claims against the Debtor or its estate.

The Alpha Claim shall be reduced, and allowed as a general unsecured claim in the total amount of $425,000.00 (the “Allowed Alpha Claim”), with prejudice to Alpha’s ability to amend the Allowed Alpha Claim or file further claims against the Debtor or its estate.

This totals around 850k. The warrant liability is on Dex's books for 1.7m

[First Crown Research]

shareholders are getting a recovery. already in the plan of liquidation. idk anything about charts

[beach_trades]

Is their hope for a move Bc chart is setting up nicely

Or will shares be cancelled and go to zero

Ty as was just looking at chart

Best

Cj

[First Crown Research]

MAY MOR was great IMO. still only battle that's left is the warrant liability but this thing could be .14 when it's all said and done

[First Crown Research]

no problem, follow on twitter and blog

[CIMA7]

Thank you.

[First Crown Research]

they're negotiating Sabby's warrant claim, finishing up other lose ends, and distributing money out after the plan of liquidation is confirmed

[CIMA7]

Would you mind briefing me on what's going on here?

[First Crown Research]

hearing cancelled for june 12th. rescheduled for july 12th

[NorthShoreTrading]

Thanks...

[oich]

It is listed on the docket. Document #303.

http://omnimgt.com/CMSVol2/pub_47225/671147_303.pdf

[NorthShoreTrading]

How do you know the hearing is rescheduled for June 12th? Thanks...

[First Crown Research]

Hearing for the 23rd cancelled. June 12th is next one.

Application to employ David J. Saul to handle the warrants claim also filed. One of the last issues to be taken care of. Things are moving along.

[TAKURI]

Barchart Opinion https://www.barchart.com/stocks/quotes/DXTRQ

[TAKURI]

Market Cap 2,555K

[TAKURI]

Tiny OS 48,210K

[TAKURI]

GMA !

[First Crown Research]

let's not forget that 1.7m warrant liability may be substantially less. It's on the books as a black scholes valuation at the time of the acquisition. That's one of the biggest toss ups still in the air

[sisterchristian]

April MOR out. $5.6M stockholders equity

[Hennypennyaz]

Thank you! I did read that. Next week should be very interesting. Braun is a pretty big company. :D

DXTRQ

[sisterchristian]

The "secret" is in message #1144 ;) $$$

[SoberRooster]

Oh sorry about that, most of the volume was me today. I finally finished my work on it so I started to accumulate a position on it. Don't mind me!

[First Crown Research]

Yesterday was the deadline for objections for the disclosure statement and plan of liquidation, none were filed..... I'm still a little confused though why the heavy volume because I don't think that was an obstacle anyways. I'm guessing there was a write up somewhere for this action. Regardless the hearing is next Wednesday. Hopefully it's insightful. MOR should be coming out Monday as well. Still calculating this to be worth ~.10 in the end.

[Hennypennyaz]

I dont know the secret... :'(

DTXRQ

[CaptHowdy]

Highest volumes day in past 90 days... something in the works here. $$$

[sisterchristian]

Looks like the secret is out. $$$

[oich]

Correction... trading under new symbol now. DXTRQ

[oich]

Ticker change to add the Q. DXTRQ. Looks like they halted trading.

https://www.otcmarkets.com/market-activity/corporate-actions

[First Crown Research]

they just fixed it. 50k for the month of Feb, sounds good to me.

[First Crown Research]

Saw the motion for Saul Ewing's compensation for Feb got posted but the link goes to what seems to be a document for a different case. I already contacted Arch & Beam about it, hopefully them or Rust fixes it soon since it could be an interesting number since the sale closed that month. Solid day though for $DXTR

[oich]

Maybe rumors have leaked of what the payout per share will be. Should be public within next 2.5 weeks.

[CaptHowdy]

Dang!! She's alive.... wonder what's next to come. Any thoughts? Haven't seen any news today to warrant a 57% pop.... but I'm not complaining. :)

[First Crown Research]

first draft of liquidation plan out. not a lot of specifics but timeline was provided. objections to the disclosure statement are due on may 16th so a lot more information should be provided before then including range of equity recovery. lawyers fees also trickling in as expected. Should be more price discovery within the next 30 days.

[First Crown Research]

something that deters a lot of people from buying in is the timing of it all. they wouldn't want to wait a year to get paid even if it is a double. However, what some may be missing is in Docket 217 for a motion to file for an extended exclusivity they stated:

"The Debtor is in the process of finalizing a proposed plan of
liquidation and anticipates filing a plan within the next several weeks. "

Bar date is the 11th, sometime in late April is my guess for a liquidation plan to be filed. Should trade close to whatever the first distribution is (maybe .06 to start?) .

Other things may happen in the mean time too. I know there are talks with the trustee to see if an equity committee might be formed to make sure the new CRO 's in check.

Also the warrants claim may be contested for a reduction. Same firm put in a large claim with Bind Theraputics but settled for a fraction of the claim.

Still quite a bit of story left in this one.

[First Crown Research]

not missing anything, just not enough eyes on it.....and it's not like it'll be 7m straight up for us. there are other costs still coming.... not uncommon to see things in the OTC space trading at 1/2 of cash. $sycrf's trading at huge discount to book too. happens all the time

[oich]

I bought in several months ago but I just saw the latest MOR. Indicates there is 7m in equity so.... why isn’t this trading at .12 now? What are we missing?

[First Crown Research]

shhhh keep it quiet

[SC777]

I think you’re over-estimating the wind down cost. Should be less.

$6.5m to shareholders = .135 cents a share

[First Crown Research]

Feb MOR out. First MOR since closing of sale. Got about 7m of equity left with everything accrued. Assuming 1.5m left of wind down cost we should have about 3.5m out fairly soon then the hold back out over time.

[SC777]

Expecting some sort of recovery for shareholders here - $17.3m purchase price, after sale almost $20m in assets and less than $10m in liabilities, only 48m shares outstanding.

[Stock Predictor]

Sad!

[Meader63]

$DXTR....R.I.P

[$Pistol Pete$]

Good to know

[Natural Trader]

The U.S. Bankruptcy Court issued an order approving Dextera Surgical’s motion for orders (a) authorizing and approving bidding procedures and stalking horse payment
https://bankruptcompanynews.com/dextera-bankruptcy-1-8-18/