SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Food - Processing and Agriculture > Soupman Inc. (SOUPQ)

Okay.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (9) | Next 10 | Previous | Next
SPORTYNORTY Member Profile
Member Level 
Followed By 5,637
Posts 11,576
Boards Moderated 3
Alias Born 06/27/06
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/18/2017 10:46:53 AM
Flitways Technology, Inc. (OTC Pink: FTWS), Perfect Acquisition Target for Uber or Lyft Enters Medical Transportation Market "InvestorsHub NewsWire" - 8/29/2017 7:01:20 AM
Soupman Inc. of 'Seinfeld' Fame Seeks Bankruptcy Protection "Dow Jones News" - 6/13/2017 9:05:00 PM
Amended Statement of Beneficial Ownership (sc 13d/a) "Edgar (US Regulatory)" - 6/9/2017 3:34:19 PM
Amended Statement of Beneficial Ownership (sc 13d/a) "Edgar (US Regulatory)" - 6/7/2017 2:05:29 PM
Amended Statement of Beneficial Ownership (sc 13d/a) "Edgar (US Regulatory)" - 6/2/2017 3:02:13 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 6/1/2017 2:00:08 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/1/2017 6:07:31 AM
Amended Statement of Beneficial Ownership (sc 13d/a) "Edgar (US Regulatory)" - 5/26/2017 10:01:23 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/24/2017 6:05:37 AM
Executive at 'Soupman' Firm Is Charged With Tax Evasion -- update "Dow Jones News" - 5/23/2017 6:40:00 PM
Executive at 'Soupman' Firm Is Charged With Tax Evasion "Dow Jones News" - 5/23/2017 4:21:00 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/4/2017 5:15:20 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/24/2017 4:09:54 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/17/2017 3:35:50 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 4/14/2017 5:01:49 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/17/2017 5:27:04 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/9/2017 3:17:07 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 2/23/2017 4:03:27 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 1/20/2017 11:24:47 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/20/2017 11:24:19 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 1/17/2017 5:19:14 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 12/15/2016 12:05:20 PM
Annual Report (10-k) "Edgar (US Regulatory)" - 12/14/2016 4:50:02 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 12/13/2016 5:28:58 PM
SPORTYNORTY Member Level  Tuesday, 09/12/17 04:37:17 PM
Re: dinogreeves post# 10370
Post # of 20325 
Okay.

So the 8K was originated by the old company, which is now defunct, that is why they are winding things down.

The information in the 8K has people confused, because they do not understand the perspective from who originated it. That being the old management. All liens, deals, debt and the DIP financing were paid off by Wealth Colony. The company is now unencumbered going forward. The 8K is referring to the old company looking back. They are defunct, out of business. The OLD company sold all the assets and rights to Wealth Colony.

If you do not accept the aforementioned then I would appeal to your common sense as well.

Wealth Colony was being screwed by the old management. The former CEO got convicted of tax evasion. The rest of the BOD and operators were a bunch of dolts that never had a business plan or concept. It is amazing that Wealth Colony invested in them in the first place. But, WC controls Gallant Brands. They approached Gallant Brands and asked them if they could make a go of it, they said yes. At this point WC decides to buy up controlling interest in the common shares, to wrest them out of BK, a hostile takeover ostensibly on the cheap. They outbid the prior stalking horse by $5 million to ensure they get the rights to SOUP. You think they throw bad money after good just to cancel the whole thing? They would have just walked away and not paid off all of the debt. The only way they could save it, was to gain controlling interest, the only way they could do that was to buy the commons. Why would they do that, only to turn around and cancel them 2 weeks later?


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (9) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist