InvestorsHub Logo
Followers 218
Posts 38765
Boards Moderated 0
Alias Born 04/29/2008

Re: FullDeck post# 33825

Friday, 12/08/2017 12:56:06 PM

Friday, December 08, 2017 12:56:06 PM

Post# of 50981
That is another great find.
The company is being set up by a law firm in NC. The word "receiveship" in the name suggests to me that they are going to try and take back the company, since they haven't been paid and have a receiver appointed (likely the law firm) to oversee its operation.

"In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy."

It's often used in bankruptcy, but in this case, I imagine it's because they don't want to see the company go out of business while TCA and IHSI fight.

"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.