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.
So if ASTA dissolves the business shareholders most likely get nothing because there is nothing to get?
If they do a reorg it will be an entirely new company and shareholders will need to exchange ASTA shares for the new company shares?
I've never seen a BK in OTC before that I remember
I don’t believe they’ve decided yet, at least when the PR was released. They engaged Cohen & Cohen, to begin exploring the possibility of filing for corporate bankruptcy protection. Then this legal mumble jumble: ”This move reflects Astra Veda Corporation's pragmatic approach to addressing its current financial issues and planning for its future operations amidst challenging circumstances”.
It’s somewhat humorous that this sentence is under their forward looking statements, yet their supposed “compliance officer” was on this board and Twitter falsely arguing that ASTA had Massive Short interest, that FINRA Rule 6433 was “Fabricated”, and posters were guilty of RICO.
”Astra Veda does not engage in promotion of our stock or company.”
So its not a reorganization but a complete company closure?
What Happens to Shareholders of a Bankrupt Company?
When a company files for bankruptcy, the value of its stock often declines significantly or becomes worthless, depending on the specifics of the bankruptcy proceedings. At that point, the shares are de-listed from exchanges and any dividends halted, but the residual shares may continue to trade over-the-counter (OTC). * ASTA is not listed nor exchange traded, so it will continue to trade OTC as long as they make their disclosures to OTCM.
Equity shareholders are usually the last in line to receive any money from the sale of the company's assets, after creditors, bondholders, and other stakeholders like preferred shareholders have been made whole. In some cases, shareholders do not receive any compensation for their shares and will lose their investment entirely.
So will shareholders have to exchange their shares for new shares in the reorganized company? Not sure how Chapter 11 BK works in OTC.
I told you to flip this one out... Sorry for those who lost. It was good as long as it last.. One of my favorites. CHAPT 11
Someone not smart enough to wait for the 5s and lower that are up
Of course you are surprised.
You've been promoting this scam since the WRFX days.
Bye bye Astaroth.
Who is buying all the 6’s
Because this was a scam and they can't pay them
I am surprised. Why file for bankruptcy when you just settled…
Doesn’t make any sense
I have never seen an #OTC company file for bankruptcy
CEO’s just walk away. He can easily give the shell to someone else that can run it
By a show of hands. Who is surprised by the bankruptcy? NOT ME!!!. You all were warned but just wouldn't listen. Greed can be a real bitch.
ASTRA VEDA CORPORATION RETAINS LEGAL SERVICES OF COHEN & COHEN FOR BANKRUPTCY PROCEEDINGS
Press Release | 03/07/2024
March 7, 2024
OTC Disclosure & News Service
Denver, CO —
This release includes additional documents. Select the link(s) below to view.
ASTA Bankruptcy 07 Mar 2024.pdf
Astra Veda Corporation (OTC PINK: ASTA), known for its focus on developing disruptive technology startups, has taken a significant corporate action by engaging Cohen & Cohen, a law firm based in Denver, Colorado, to begin exploring the possibility of filing for corporate bankruptcy protection. This decision follows a series of legal and financial challenges that have impacted the company's stability and focus.
The need for this exploration stems from a legal ruling in January where the Wyoming court ruled that Astra Veda Corporation was liable for a sum of $887,796.67 based on a 06 September 2016 loan and investment contract claim. The court ordered the company to transfer 12.5% of its shares from every class to the Plaintiff which is conditionally non-dilutive. Following this ruling, Astra Veda Corporation complied by paying the required amount and authorizing the issuance of shares.
The impact of this legal outcome has placed Astra Veda in a difficult financial position, leading to the consideration of bankruptcy as a potential strategy to manage its financial responsibilities moving forward. The company has communicated its intention and will keep stakeholders informed about the progress of any bankruptcy proceedings.
This move reflects Astra Veda Corporation's pragmatic approach to addressing its current financial issues and planning for its future operations amidst challenging circumstances.
ABOUT ASTRA VEDA CORPORATION
Astra Veda Corporation is a Wyoming corporation bringing disruptive and innovative technologies to market through a rigorous due diligence and opportunity assessment program. Through our subsidiary and co- investment affiliate partnerships, Astra Veda provides a variety of unique intellectual property, business processes, products, and tools that create value for our customers and partners.
The company does not routinely communicate with anonymous investors from the public on a one-on-one basis. We want to avoid the appearance of insider trading or other inappropriate communications behavior. All substantive news and information will be sent out by way of the OTC Markets platform as well as other traditional news outlets.
Astra Veda does not engage in promotion of our stock or company.
Source: Astra Veda Corporation
Services@Astra-Veda.com
https://www.otcmarkets.com/stock/ASTA/news/ASTRA-VEDA-CORPORATION-RETAINS-LEGAL-SERVICES-OF-COHEN--COHEN-FOR-BANKRUPTCY-PROCEEDINGS?id=432762
https://t.co/4OeFazi3W7 pic.twitter.com/NIITBnLpEq
— Astra Veda Corporation (@astra_veda_) March 8, 2024
I don’t believe anyone understood in advance that Mick & Co would take ASTA dark, wipe both websites, severely alter their LinkedIn page (linkedin.com/company/astra-... back up without Mick), make no future impact statement to shareholders, removed officers including Walton. Did you? No, of course not. ASTA dropped from $.0023 to currently $.0013.
Unfortunately, I’m afraid some traders try to avoid facts when trading in the OTC.
everyone understands the risks of putting money in #OTC
Well Veronica, everyone understands the risks of putting money in #OTC
If I knew this was going to happen, I would have sold all my shares at the top and bought them back at this PPS
Heck I would sold my shares above $0.002 and bought them all back
ASTA is on its 53rd day since they Shut down their website, Shut down the Paranotek website, made no future impact statement to shareholders, removed officers, etc. Even removed Brian Walton, he of pumper infamy.
Hehe, you crack me up! No, it was a grant as a result of stealing my common shares through a Reverse Split.
Thanks for putting it up here
The only words that sort of pissed me off in this filing are the words “Rescindment Offers” What the hell does that mean? Could it mean screwing Preferred B shareholders? Crooked is the word that comes to mind. GLTA
For those who claims this is a scam. Share reduction \
https://www.otcmarkets.com/stock/ASTA/news/ASTRA-VEDA-CORPORATION-FILES-AMENDED-AND-RESTATED-ARTICLES?id=432148
Can this tin can be floated?
They didn’t lose, the Apollo RICO case got moved to Florida. Now there is a counter suit in New York. I bet ya the SEC is going to start looking into this SS.
Someone lied on Twitter?
How shocking.
They’re off line on both sites and no updates.
$ASTA - Some Wyoming SOS action! SS reduced!!!!
$ASTA - Share Structure Reduced! BOOOOM?!? pic.twitter.com/kBT2AWa7sb
— REVELATION 🌐 (@Backstabbed14) February 28, 2024
Thanks for verifying - Please feel free to visit anytime.
What a rapists mentality you possess.
Please don’t procreate.
Sicko
Thanks! That’s really valuable info for everyone who reads this board, I sincerely appreciate it.
What a disaster - now the defamation case is coming up quickly. I just posted some details on that case as well.
Was the Apollo Capital case the one with Mark Basile as Mick’s attorney?
In Oct. Mick lost the suit in SDNY Astra vs Apollo Capital, then he gets creamed in a PARTIAL SUMMARY judgement in Wy. with a trial to follow. All while another on going defamation case in LA. This is a shxt show
Is ASTA a ship adrift in rough seas?
That’s most interesting, thank you. I’ve always heard the saying “you can run, but you can’t hide” - which I take to mean he can try to escape whatever scares him at the moment, but it will catch up to him at some point.
This is one of the most surreal experiences on any stock.
What’s your take?
linkedin.com/company/astra-... back up no Mick, no Paranotek lots of questions like who running this if anyone.
linkedin.com/company/astra-... back up no Mick, no Paranotek lots of questions like who running this if anyone.
BRADLEY M. LISTERMANN VS JAMES DAVIS AKA MICK DAVISE, ET AL.
Filing Courthouse: Stanley Mosk Courthouse
Filing Date: 10/18/2019
Case Type: Defamation (slander/libel ) General Jurisdiction)
Status: Pending
DOCUMENTS FILED
02/22/2024
Notice of Rejection Default/Clerk's Judgment
Filed by Clerk
02/20/2024
Request for Entry of Default / Judgment
Filed by Astra Veda Corporation, a Wyoming Corporation (Cross-Complainant); Paranotek, LLC, a Wyoming limited liability company (Cross-Complainant); James Davis (Cross-Complainant)
REGISTER OF ACTIONS
02/22/2024
Notice of Rejection Default/Clerk's Judgment;
Filed by: Clerk
02/20/2024
Request for Entry of Default / Judgment;
Filed by: Astra Veda Corporation, a Wyoming Corporation (Cross-Complainant); Paranotek, LLC, a Wyoming limited liability company (Cross-Complainant); James Davis (Cross-Complainant); As to: Kevin Stephen Mills (Cross-Defendant); Ryan A Woods (Cross-Defendant); Nikita Volchetskiy (Cross-Defendant) et al.
Nonsense. What I see you saying is that nobody knows what’s going on because it’s all rumor & innuendo. Has there been any news? NO there has not. The websites are still dark as well.
The other thing is that there are hundreds of traders in $ASTA buying and selling, tweeting on X platform, and discussing the stock in Discord and Telegram Channels. But if you actually had half a brain to process all this, you wouldn't have put the blame on me for ... again... your poor judgement and lack of financial decision responsibilities
People need to start taking responsibility for their own trades and stop looking for excuses.
I have never lied in my life for any financial gains.
It’s so easy to blame others when you are a worthless loser with no self-esteem trying to find comfort.
board is much cleaner now. love that ignore button
And that plan is based on lying to others for your own personal gain.
Fleecing others for personal gains.
you have earned all the bad things coming your way.
Ive watched you do this for years on many plays .
Like I said - it's pathetic that you blame others for your poor financial decisions. Man up and take responsibility instead of blaming me and others.
I took major hits in other stocks. I don't cry like a baby and blame others for my poor trading decisions.
I set a plan, and make out fine at the end.
Some people averaged down when the stock hit triple zero 4's and 5's and are now sitting comfortably and waiting for next hearing outcomes.
Followers
|
442
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
96943
|
Created
|
01/19/13
|
Type
|
Free
|
Moderators Backstabbed Huggy Bear VeronicaFox ALTOGETHER |
We design our software with our user's best interest in mind. Our data storage and communications services will never collect and store any of your private information and when used correctly, will be virtually impenetrable. Our technology helps to secure all communications in many different fields and industries and even in your personal life.
In the digital world children might easily be exposed to explicit content or contacted by strangers. Spending too much time on the smartphone instead of doing homework, playing with friends oudoors and having regular bedtimes can have negative impacts on the childs development. Children might also become a victim to cyberbullying, or thoughtlessly participate in cyberbullying themselves.
Lauri Tunnela | Co-Founder & Chief Technology Officer
Lauri is an IT professional and enthusiast who holds a bachelor's degree in engineering and has over 10 years of experience in the IT industry. He masters everything from cyber security, embedded hardware design and C programming, to HTML5 based web development, mobile app development or even UX designing. Lauri believes that information security should always come first.
Johannes Maliranta | Co-Founder & Chief Design Officer
Johannes is an IT engineer with over 8 years of extensive experience in digital design. He designs mobile apps, websites and other digital services where usability and user experience come first.
The Parano Protocol
What is different about the Parano Protocol?
The Parano Protocol uses a combination of four different well known asymmetric algorithms used in a very deliberate technique to leverage existing computational resilience. Novel use of those algorithms introduces a continuous and variable key generation process creating a multi-dimensional computational challenge to resist computational brute force attacks. The maturity and stability of the asymmetric encryption’s schemes in themselves are highly efficient and resilient with their small and reasonable key size when used alone. When combined to provide an ephemeral key wrapping function that continuously ratchets during the message phase, the entire message payload becomes a tremendously secure transmission with an inherent anti-cryptanalysis mechanism.
PPQE – 2018 (Post Quantum-Computing Encryption)
The Parano Protocol is a combination of four existing mature asymmetric algorithms used in a very deliberate way to bring existing computational resilience to affect while introducing variable complexity in key exchange to create a multi-dimensional computational problem to resist brute force attacks.
The well-known asymmetric encryption’s schemes in themselves are highly efficient and resilient relevant their reasonable key size when used alone, however, when combined to provide an ephemeral key wrapping function that ratchets during the message phase, the entire encryption package becomes a tremendously strong protocol with a built-in anti-cryptanalysis mechanism.
The diagram shown here is a simplified example of a single iteration with the encryption portion of the process.
Each iteration in the message exchange uses key meta data from the previous package to derive the next package encryption function making the data stream encrypted and the stream key dynamic.
LOS ANGELES, May 29, 2018 -- Paranotek, LLC a wholly owned subsidiary of WorldFlix, Inc. (OTC: WRFX), today announced a financial investment from an undisclosed cleared defense contractor to develop a series of Application Programming Interfaces (API) to its patent pending Post Quantum-Computing Resistant Encryption Protocol, called Parano™ to license to big data integrators in the lucrative United States Government big data market. During a trip to the Washington DC area last week, Paranotek CEO Mick Davis and members of his security solutions team met with a number of cleared defense contractors serving the United States Defense Information Systems Agency (DISA), Department of Homeland Security (DHS), Department of Defense (DoD) and the US Intelligence Community (IC) as well as a senior technical representative from the United States Naval Air Systems Command (NAVAIR). Mr. Davis stated, “honoring the strict confidentiality of these partners, the trip was very productive, and we are pleased to have receive a targeted investment from one of these partner cleared defense contractors to develop a series of Parano™ Software Development Kits (SDK) to facilitate the security of their big data and FedRAMP cloud integration solutions”. In addition to the API investment news, Davis said, “Paranotek is formulating the contract and technical details to license Parano™ to a world-class aerospace data information system company including co-developing a revenue generating app for one of their aviation related products”. Mick and his team were encouraged to pursue a coveted Cooperative Research and Development Agreement (CRADA) within a joint agency agreement between the US Navy and Defense Advanced Research Projects Agency (DARPA) to address a number of security topics to advance data integrity and security within the global aviation community. |
1. WRFX CHANGES NAME
Press Release 06/27/2019:
https://www.otcmarkets.com/stock/WRFX/news/WORLDFLIX-CHANGES-NAME?id=232785
2. WRFX YEAR END UPDATE:
https://backend.otcmarkets.com/otcapi/company/dns/news/document/39814/content
3. January 4, 2021
4. January 2021
5. April 01, 2021 and April 2, 2021
https://www.otcmarkets.com/stock/WRFX/news/story?e&id=1854197
BRADLEY M. LISTERMANN VS JAMES DAVIS AKA MICK DAVISE, ET AL.
Case Type: DEFAMATION (SLANDER/LIBEL)
Case Management Conference is continued to 09/07/2021 at 08:30 AM in Department 68 at Stanley Mosk Courthouse.
Status Conference Re Service of Cross-Complaint is continued to
09/07/2021 at 08:30 AM in Department 68 at Stanley Mosk Courthouse.
** MICK DAVIS WAS SIGNING FOR BRAD LISTERMANN FOR A LONG TIME
PRIOR TO BEING SUED BY BRAD. THEY WERE SUPPOSEDLY LIKE MINDED
FRIENDS AND BUSINESS ACQUAINTANCES BEFORE THEIR FALLING OUT WHICH RESULTED IN A DEFAMATION / LIBEL / SLANDER LAWSUIT.
DO THOROUGH DD ON ASTA - IN THE OTC, THINGS ARE NOT AS THEY SEEM.
DON'T BE FOOLED
******************************************************************
“THE MISLEADING” – DAILY SHORT VOLUME
In contrast, the most frequently misinterpreted data is the Daily Short Volume, sometimes referred to as Naked Short Interest. This data shows the percentage of published trade reports (called media transactions in FINRA Rules) that were marked short. As an example, the recent data for OTC Markets Group shows that up to 90% of the trading volume comes from short selling on some days. If we did not carefully track our bi-weekly Short Interest, we could easily be led to believe that short selling is rampant in our stock.
UNDERSTANDING SHORT SALE ACTIVITY
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
WRFX SHORT INTEREST:
SHORT VOLUME IS NOT SHORT INTEREST.
LINK BELOW FOR THE SHORT INTEREST DATA:
ASTA SHORT INTEREST A/O SETTLEMENT DATE 08/13/21: 11,498
https://otce.finra.org/otce/equityShortInterest
**************************************************************
Paid their delinquent Corporation annual report $50
Originated in Nevada 12/22/2006 Domesticated into Wyoming 06/04/2019
Mick Davis: 852-0599, email: mick@astracorp.us
******************************************************
The company also hosted a Facebook Live session in Los Angeles with Paranotek, LLC. CEO Mick Davis has been significantly involved with the companies day to day decisions and has been for many years.
- Which of these has been brought to full fruition?:
1.Paranotek, LLC (www.paranotek.com) (Our main subsidiary)
2. Sayphr, LTD (www.sayphr.com)
3. Parano API developed with our confidential partner.
4. Swantry, LLC (www.swantry.com)
5. Swanlock (www.swanlock.com). Available on Google Play App Market
6. Brand App created Construction App / PUNCHZEE (John Chiangi, a WRFX insider, is Brand Services)
It was claimed Paranotek will retool and launch SWANTRY in late 2019
It is currently Early 2022.
*********************************************************
PREFERRED SHARES:
As of July 2017, Mr. Brad Listermann has been issued 4 shares of Series A Preferred stock, Each share maintains 25% voting rights of the company. Therefore, as the full owner of the Series A Preferred share, Mr. Listermann controls 100% of all voting rights and control. The company has sold and issued Series B Preferred shares to various shareholders for direct investment into the company.
*********************************************************
HISTORICAL INFORMATION
April 23, 2019
Mr. Listermann confidently shared, We have high excitement for the future of the Company and the combined revenue potential of Paranotek and our joint venture app partners. As a shareholder, I personally have high expectations for Mick and his team. I look forward to watching the Company implement the new strategy and wish Mick and the team the best of luck.
https://backend.otcmarkets.com/otcapi/company/dns/news/document/35991/content
April 23, 2019
With Brads encouragement and support, wholly owned subsidiary Paranotek CEO Mick Davis will lead a select group of private investors as they take stewardship of the governance and management of the Company. Mr. Davis will immediately step in as WorldFlixs interim Chairman of the Board and CEO.
April 25, 2019
Plans to “uplist” out of the “OTC Pink Sheet Marketplace”.
May 1, 2019
As part of the rigorous corporate governance changes, Mr. Davis will establish new policies and procedures. A few of the key changes will include developing a code of ethics, establishing robust internal controls, and implementing independent audits which meet PCAOB standards.
May 1, 2019
Mick enlisted the assistance of a handful of prosperous senior corporate veterans from the banking, energy and the logistics industries to co-develop a corporate governance program that meets the guidelines set forth by the SEC and NASDAQ for fully reporting companies.
http://www.otcmarkets.com/financialReportViewer?symbol=WRFX&id=218459
June 27, 2019
After correcting an error in the original submission form, the name change to Astra Veda Corporation was accepted by the
Wyoming Secretary of State Office on 06/24/2019.
Chairman of the Board and Interim CEO Mick Davis states, "a domicile and name change application was submitted to FINRA the following day. We believe our proposed ticker symbol and legal name change will now accurately reflect our transformed company culture and bring attention to our strategic business opportunities moving forward."
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
July 1, 2019
Astra Veda Corporation (OTC PINK: WRFX), formerly known as WorldFlix, Inc is a Wyoming
corporation....https://www.otcmarkets.com/stock/WRFX/news/ASTRA-NOW-DTC-FAST-ENABLED?id=233135
August 14, 2019
1st Late Notice
Anticipated Filing Date: 19 August 2019
Person to contact regarding this notification:
Name: James M Davis
Title: Chairman of the Board and Interim CEO
August 19, 2019
2nd Late Notice
Anticipated Filing Date: 31 August 2019
Person to contact regarding this notification:
Name: James M Davis
Title: Chairman of the Board and Interim CEO
September 2, 2019
3rd Late Notice
Anticipated Filing Date: 14 October 2019
Person to contact regarding this notification
Name: James M Davis
Title: Chairman of the Board and Interim CEO
October 9, 2019
Chairman Mick Davis stated that with the completion of the forensic accounting examination, management will begin the process to rebuild Astras financials as part of our business plan to provide shareholders with accurate, transparent, and fully audited financial information.
June 4 2020
Paid their delinquent Corporation annual report $50
Originated in Nevada 12/22/2006 Domesticated into Wyoming 06/04/2019
Mick Davis: 852-0599, email: mick@astracorp.us
For 2 1/2 Years WRFX / ASTA went dark dormant, 2019 - 2021. They were forced by SEC Rule 15c2-11 to start submitting information or else be sent to the "expert market".
EXPERT MARKET
As it's set up now, the Expert Market is the Grey Market with electronic execution.
******************************************************
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |