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Give it up already. Company sucks.
Glty.
No, the only incompetent parties here are the lazy investors who didn't do any DD at all before buying a bankrupt company's worthless shares. The loss is 100% on them for not doing any DD at all.
It is not the Company's fault that certain traders lost money on a stock that the Company had said for months was going to be cancelled. How many times would they have had to say it before people listened?
From a regulatory standpoint, the multiple times they said it in their public filings over several months was more than sufficient.
To who? Who do you think? Investors! Clearly you seem bothered by this. Let it go.
Your company is obviously incompetent to have gone into bk anyway. Glty.
"Professional Courtesy"? To whom? AACH did everything right. It was all fully disclosed in the SEC filings, including the Plan of Reorganization, which detailed very clearly the shares were being cancelled. It is not their fault a bunch of lazy traders didn't take 60 seconds to read them.
If anyone bought this stock after the Plan of Reorganization was filed with both the Court and the SEC, it is 100% their own fault for not doing the most basic DD.
Good luck with that. The cancelation of the common stock was fully and clearly disclosed in the SEC filings months ahead of the cancelation. There was absolutely NO excuse for anyone to not know the shares were being cancelled on that day.
If anyone bought this stock without reading the SEC filings, then the fault is 100% their own, and they deserve what they got for their mistake. They have no one to blame but themselves.
Anyone foolish enough to day trade a stock without reading the SEC filings is just asking to lose their money.
This is even more true with a bankrupt stock. In bankruptcy, common shareholders are ALWAYS last in line for any assets. If there are no assets left for them, the common shares are cancelled.
Any lawyer should tell you that and throw you out of their office.
i'll learn to litigate
yes, but people do day trade...they should have at least disclosed that in their PR. They knowingly mislead traders by putting that news out without that important detail. maybe i'll retain a lawyer
That was NOT a pr to dump at all. It was a regulatory compliance news release to announce the conclusion of their bankruptcy case. A case where the company made it abundantly clear in their SEC and Federal Court filings that the stock would be cancelled upon the conclusion of the bankruptcy case.
It was only a "pump PR" in the minds of those who don't bother to read SEC filings AND don't understand the basics of bankruptcy law.
Learn to read the SEC filings. The fact the common stock was being cancelled was all there, in black and white.
It also helps to understand the basics of bankruptcy law.
ain't that the truth....stock never should have been allowed to trade...lesson learned on my part i guess...
Anything is possible down here.
so let me get this straight..the company put out that pr to dump on unsuspecting traders and then cancelled all the stock? lol
what the hell happened here...i bought stock the other day and now there is no valid symbol when i log into my trading account.
Really shameful of the company to issue a pump PR pre market , to only cancel shares a few hours later. Class action.
Completely agree, 1manband. Per FINRA, AACH BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Lol that’s ridiculous.
Legitimate companies release Prs to attract investors all the time. Big board stocks as well.
Anyway, good thing I didn’t put much down. Wasting my time here. Time to find a big runner.
No, a legitimate company releases a PR to meet its regulatory obligations. Only in the penny market do they do so to "attract investors".
AACH was an SEC Registrant. It follows actual securities law, as opposed to the non-SEC registered garbage traded and touted on OTCMarkets.
AACH had a legal regulatory obligation to make today's PR. It had nothing to do with informing old stockholders of something they should have already known and understood.
Lol I agree but a company releases a Pr to attract investors. Just professional courtesy.
Again,
They assume that shareholders actually read the SEC filings like they are supposed to. Anyone that did that would not need a reminder in today's PR.
If people don't do their basic DD, this is the result. I know this sounds cold, but it is the truth. People need to take responsibility for their own choices, including investments.
The information was there and available for all to read for free. There was absolutely no excuse for anyone to not know the shares were being cancelled on the effective date of the bankruptcy.
Today.
Right but this is old. They should’ve included in the PR today or don’t PR at all.
Don't bother with OTCMarkets. They are a paid, for-profit stock promotion company.
Instead, go direct to the legal regulator. The SEC.
www.sec.gov.
That is what SEC filings are for.
The Plan filed with the SEC on June 25th made it clear the common shares would be cancelled with no payment of any kind to shareholders upon the completion of the banruptcy.
https://www.sec.gov/Archives/edgar/data/1606180/000119312520178925/d947805dex101.htm
"Existing Equity Interests in AAC Holdings
On the Effective Date, all existing equity interests in AAC Holdings, Inc., whether represented by stock, preferred share purchase rights, warrants, options, or otherwise, will be cancelled, released, and extinguished and the holders of such existing equity interests will receive no distribution under the Plan on account thereof."
Worst part can’t even pull it up on OTCMarkets
Oh dammit didn’t catch this. Noticed they filed bk but didn’t see it earlier.
Loading up? Common shares are now cancelled. The stock is worthless. Anyone that "loaded up" today just suffered a complete loss. A 100% loss in 1 day.
Does anyone do any DD anymore? The Plan clearly stated all equity interests would be cancelled. There was ZERO chance that would change, and equity holders would not be wiped out.
60 seconds of DD would have saved anyone who "hoped" differently.
what loading up! trading was stopped and all shares cancelled! ewwww
Loading up....just in case
Nice news. Books like great with that debt reduction.
Over $400M in assets and gap at .20.
If confirmation on those assets can be made, wow.
AACH
NEWS OUT!!!!! FINANCIAL RESTRUCTURING!!!! COULD WE COME BACK TO LIFE ??????
Is this stock worth buying ? Are they in chapter 11 bankruptcy ? Any buyout ? Any buyers interested ?
AACH undervalued gem in my opinion
agreed, nice news
$300M+ revenue company sitting at .05 So much to come here with re-organization. Amazing buy and hold position.
GLTA!
News! https://www.otcmarkets.com/stock/AACH/news/story?e&id=1652662
Hit the wires Friday after-hours.
GLTA!
If you dive into the restructuring that has been going on, they are definitely on the right path to being net positive in the next ER. Securing the $80M to make it happen from their backers with no affect on the SS is amazing. Not too sure when we will see a PR with the latest updates with everything going on with COVID, but it won't be long. This is big buy and hold position as this eventually moves back to where it should be.
I like this one too tymerz! It was over a buck last November and it does appear they're gonna turn things around. Nice hold from here, imo ***
On $300M+ revs, restructuring completed with nearly $80M+ funding from their backers and now full testing in motion with COVID for more revenues...yeah, this will go big again. Turning back around for positive net income.
Nice buy and hold position here!
sounds good tymerz
.06 up 100% on news
https://www.otcmarkets.com/stock/aach/news/story?e&id=1650714
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