Friday, September 30, 2011 7:20:08 AM
ASYTQ Update > Shares of ASYTQ will again trade >
On March 10th, 2010, they said shares were cancelled, and would forever cease trading on any exchange or market.
Well, that didn't happen.
The shares continued to trade....for over a year they traded.
Yesterday, shares of ASYTQ were Deleted from the Pink Sheets OTC.
This is not the end !!
Shares were Delisted from the NASDAQ in 2009, and went to the Pink Sheets, because the 8-K spelled out that shares were cancelled and would forever cease trading on any securities exchange, or market.
Yesterday, the OTC Deleted the shares, stating that the shares were cancelled. They didn't just get cancelled though. They had been cancelled, and contnued to trade for well over a year.
Market Makers will again make a market in shares of ASYTQ, because the company has not exited Bankruptcy, and because, the company has $18 Million dollars under BK protection, and because Crossing Automation, who bought ASYTQ's assets, IP, etc., will most likely want to form a Reverse Merger.
There is also the possibility that the Wind Down Reserve, could produce a Liquidation Dividend to shareholders of record.
Companies do this all the time.
As long as ASYTQ is still in BK, creditors and shareholders will continue to battle it out in court to try and get what they feel they are entitled to.
ASYTQ could easily recieve a 0.05c or 0.10c Liquidation Dividend, in the event the court decides, along with shareholders and the Trustee, that there is enough money to warrant it.
The Grey Market is where shares of ASYTQ will most likely trade going forward. Shares could get traded on that market as early as today.
ASYTQ shares are far from being dead.
Don't let anyone tell you otherwise.
FORM 8-K
March 10, 2010
Asyst Technologies, Inc. filed for protection under Chapter 11 of the United States Bankruptcy Code on April 20, 2009
On March 10, 2010, Asyst filed with the United States Bankruptcy Court for the Northern District of California (Oakland) a Notice of Plan Effective Date. The Notice filed with the Court highlighted the Plan effective date of March 5, 2010 and is attached as Exhibit 99.2 and is incorporated herein by reference. Notice is further given that pursuant to 8.1.2 of the Plan, all shares of stock in Asyst were cancelled and will forever cease trading on any securities exchange or market.
Asyst’s common stock was cancelled and has no future value in connection with the bankruptcy proceeding; Asyst’s common stock was delisted from the NASDAQ Stock Market
On March 10th, 2010, they said shares were cancelled, and would forever cease trading on any exchange or market.
Well, that didn't happen.
The shares continued to trade....for over a year they traded.
Yesterday, shares of ASYTQ were Deleted from the Pink Sheets OTC.
This is not the end !!
Shares were Delisted from the NASDAQ in 2009, and went to the Pink Sheets, because the 8-K spelled out that shares were cancelled and would forever cease trading on any securities exchange, or market.
Yesterday, the OTC Deleted the shares, stating that the shares were cancelled. They didn't just get cancelled though. They had been cancelled, and contnued to trade for well over a year.
Market Makers will again make a market in shares of ASYTQ, because the company has not exited Bankruptcy, and because, the company has $18 Million dollars under BK protection, and because Crossing Automation, who bought ASYTQ's assets, IP, etc., will most likely want to form a Reverse Merger.
There is also the possibility that the Wind Down Reserve, could produce a Liquidation Dividend to shareholders of record.
Companies do this all the time.
As long as ASYTQ is still in BK, creditors and shareholders will continue to battle it out in court to try and get what they feel they are entitled to.
ASYTQ could easily recieve a 0.05c or 0.10c Liquidation Dividend, in the event the court decides, along with shareholders and the Trustee, that there is enough money to warrant it.
The Grey Market is where shares of ASYTQ will most likely trade going forward. Shares could get traded on that market as early as today.
ASYTQ shares are far from being dead.
Don't let anyone tell you otherwise.
FORM 8-K
March 10, 2010
Asyst Technologies, Inc. filed for protection under Chapter 11 of the United States Bankruptcy Code on April 20, 2009
On March 10, 2010, Asyst filed with the United States Bankruptcy Court for the Northern District of California (Oakland) a Notice of Plan Effective Date. The Notice filed with the Court highlighted the Plan effective date of March 5, 2010 and is attached as Exhibit 99.2 and is incorporated herein by reference. Notice is further given that pursuant to 8.1.2 of the Plan, all shares of stock in Asyst were cancelled and will forever cease trading on any securities exchange or market.
Asyst’s common stock was cancelled and has no future value in connection with the bankruptcy proceeding; Asyst’s common stock was delisted from the NASDAQ Stock Market
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