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.
Just in case anyone was maintaining a fantasy that there would be any return to the stuckholders, this puts a fork in it.
ASYTQ is making a run towards $0.02. Once we break past $0.02 again, ASYTQ could reach $0.10 or better.
Soooo... What happened?
Docket # 668
Docket #668
11/02/2012
Operating Report
for Filing Period
July 1, 2012 Through September 30, 2012
Filed by Trustee Other Prof Scouler & Company, LLC,
as Liquidating Trustee (Israel, Harold)
Case: Asyst Technologies, Inc.
http://dm.epiq11.com/ATI/Docket/#Debtors=692&RelatedDocketId=&ds=true&maxPerPage=25&page=1
Asyst Liquidation Trust
Trustee Report
July 1, 2012 – September 30, 2012
ASYST LIQUIDATION TRUST TRUSTEE REPORT FOR THE PERIOD
JULY 1, 2012 THROUGH SEPTEMBER 30, 2012
The Asyst Liquidation Trust holds two accounts at Chase bank,
a checking account and a savings account.
On July 1, 2012
the consolidated balance
of the Asyst Liquidation Trust
checking account and savings
account was $317,873.55
The savings account accrued $183.06 of interest
during the months of July through September.
As of September 30, 2012
the consolidated balance
in the Asyst Liquidation Trust checking
and savings account was $284,991.25
The only non-cash asset of the Debtor that remains
is an external hard drive
with approximately 232 GB of financial
and historical data
that will be retained by the Liquidating Trustee
until the case is closed.
This Case is still open !
The case is pending
and the Trust is currently engaging
in settlement discussions.
Docket #667 08/02/2012 Operating Report
for Filing Period
April 1, 2012 Through June 30, 2012
Filed by Trustee Other Prof Scouler & Company, LLC,
as Liquidating Trustee (Israel, Harold)
Asyst Liquidation Trust
Trustee Report
April 1, 2012 – June 30, 2012
Liquidation Trust Agreement Required Reporting (Article 3.4, section (p))
(i) The receipt and disposition by the Liquidation Trustee of property of the Estate or the Debtor during the prior quarter, including the disposition of funds in the Liquidation Trust, the Wind-Down Reserve and Distribution Fund.
The Asyst Liquidation Trust holds two accounts at Chase bank, a checking account and a savings account.
On April 1, 2012 the consolidated balance of the Asyst Liquidation Trust checking account and savings account
was $350,558.34 (please see Exhibit – A1).
A detailed list of expenditures by the Trust during the period
covered by this report is set forth on Exhibit – D. There were no receipts deposited within the checking or savings accounts during the months of April through June. The savings account accrued $203.26 of interest during the months of April through June.
As of June 29, 2012 (the 30th was a Saturday) the consolidated
balance in the Asyst Liquidation Trust checking and savings account was $317,873.55 (please see Exhibit –
A2).
Brooks Automation Announces Agreement to Acquire Crossing Automation Inc.
October 29, 2012
Brooks Automation Announces Agreement to Acquire Crossing Automation Inc.
http://crossinginc.com/news/brooks-automation-announces-agreement-acquire-crossing-automation/
No Claims to report
I'm surprised that, in your successful career as a wealth manager, you never read a Bankruptcy filing. Here's a hint: "No Claims to Report" listed under "disputed claims" does not mean that there are no claims...
In fact, if you actually looked at that document, you would have found eight unsatisfied claims in it.
Currently at 0.0099c, any day now, it will reach 0.035c
If you need to triple some $$Money, this is where you can do it.
So, how did that work out for you?
ASYTQ Asyst Technologies, Inc. Common Stock 9/29/2011
Plan of Bankruptcy Effective.
All shares have been cancelled.
Deletion Time: 11:03:32 **
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/29/2011&mkt_ctg=ALL
ASYTQ: Valuing a Shell Stock >
MAJOR CONSIDERATIONS
ASYTQ - Yes
•SEC Reporting: it must report regularly to the SEC. This is known as a "reporting company." We want to be able to verify information about the company from public/legal filings . . . not by word of mouth or rumor. Believe it or not, there are public companies that are non-reporting.
ASYTQ - Yes•Clean: it has little or no debt, no pending law suites, and little or no outstanding convertible securities (preferred stock or warrants). We don't want anything that can complicate the reverse merger.
ASYTQ - Yes
•Small Number Of Outstanding Shares: the smaller the number of outstanding shares, the better. A smaller number of outstanding shares lessens the chance of a Reverse Stock Split. A Reverse Stock Split can lessen the chance of price appreciation.
ASYTQ - Yes
•Low Market Value: basically, this is the buy low sell high rule. A Shell Stock with a low Market Value will have a greater chance of price appreciation than one with a high Market Value. (Market Value = price X shares outstanding). NOTE: the Profile List by Market Value sorts the Shell Companies from low to high Market Value.
ASYTQ - Yes
•Cash On Hand: some Shell Companies have cash remaining from their previous business endeavors. Having cash to fund the new company's business plan will attract high quality candidates.
http://www.shellstockreview.com/ssr-valuing-a-shell-stock.html
ASYTQ is a "Clean Shell" >
DEFINITION OF “SHELL COMPANY”
Rule 144(i)(1) defines a shell company as a company± that is now or at any time previously has been an issuer, that has:
(A) No or nominal operations; and
(B) Either:
(1) No or nominal assets;
(2) Assets consisting solely of cash and cash equivalents; or
(3) Assets consisting of any amount of cash and cash equivalents and nominal other assets;
Docket #666
5/11/2012
Operating Report
As of March 30, 2012
the consolidated balance
in the Asyst Liquidation Trust
checking and savings account
was $350,558.34
No Claims to report
ASYTQ
I don't see a #
Sept. 28, 2011
$ 0.0058
http://www.investorpoint.com/stock/ASYTQ-Asyst+Technologies+Inc./price-history/
ASYTQ > Very smart >
to be holding on to them, IMO
Docket #666 5/11/2012 Operating Report >
for Filing Period
JANUARY 1, 2012 THROUGH MARCH 31, 2012
Filed by Trustee Other Prof Scouler & Company, LLC, as Liquidating Trustee (Danker, Ashleigh)
http://dm.epiq11.com/ATI/docket/Default.aspx?rc=1
Chapter 11 Bankruptcy Case, NOT closed yet.
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
OAKLAND DIVISION
ASYST LIQUIDATION TRUST TRUSTEE REPORT FOR THE PERIOD
JANUARY 1, 2012 THROUGH MARCH 31, 2012
Asyst Liquidation Trust
Trustee Report
January 1, 2012 – March 31, 2012
Liquidation Trust Agreement Required Reporting (Article 3.4, section (p))
(i) The receipt and disposition by the Liquidation Trustee of property of the Estate or the Debtor during the prior quarter, including the disposition of funds in the Liquidation Trust, the Wind-Down Reserve and Distribution Fund.
The Asyst Liquidation Trust holds two accounts at Chase bank, a checking account and a savings account.
On January 1, 2012 the consolidated balance of the Asyst Liquidation Trust checking account and savings account was $372,052.60 (please see Exhibit – A1).
A detailed list of expenditures by the Trust during the
period covered by this report is set forth on Exhibit – D.
The total amount of receipts deposited within the checking account during the months of January through March was $8,082.86.
There were no receipts deposited within the savings account during the months of January through March.
The savings account accrued $217.59 of interest during the months of January through March.
As of March 30, 2012 (the 31st was a Saturday) the consolidated balance in the Asyst Liquidation Trust checking and savings account was $350,558.34 (please see Exhibit – A2).
(ii) All disputed Claims resolved by the Liquidation Trustee during such period and all remaining disputed Claims.
No Claims to report
(iii) All known material non-Cash assets of the Debtor remaining to be disposed of
The only non-cash asset of the Debtor that remains is an external hard drive with approximately 232 GB of financial and historical data that will be retained by the Liquidating Trustee until the case is closed.
ASYTQ- Active as of May 15, 2012
Bankruptcy Case Status - Not Closed Yet
Asyst Technologies (ASYTQ) 15-12G Filer
Has "Active status" in the State of California.
http://kepler.sos.ca.gov/cbs.aspx
Business Entity Detail
Data is updated weekly and is current as of Friday, May 11, 2012.
Entity Name: ASYST TECHNOLOGIES, INC.
Entity Number: C1247744
Date Filed: 05/31/1984
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 46897 BAYSIDE PKY
Entity City, State, Zip: FREMONT CA 94538
Agent for Service of Process: CORP2000
Agent Address: 720 14TH ST
Agent City, State, Zip: SACRAMENTO CA 95814
Bankruptcy Court Updates - (ASYTQ)
http://www.canb.uscourts.gov/judges/lafferty/calendar
http://dm.epiq11.com/ATI/docket/Default.aspx?rc=1
http://www.scouler.com/?s=asyst+technologies
EDGAR Search Results - (ASYTQ)
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000909326&owner=exclude&count=40
15-12G & Shell Plays
http://investorshub.advfn.com/boards/board.aspx?board_id=7145
Asyst Technologies Inc. (ASYTQ) SEC Filings -
http://www.investorpoint.com/stock/ASYTQ-Asyst+Technologies+Inc./sec-filings/
Hey SK, been a little while, been reading David Feldman's comments on his RM blog, interesting stuff. Could seasoning lead to desire for RM stocks to trade soon? That's what he seems to imply. Might this actually not be so bad for the shells we have been dealing with, intersting perspective. For stocks that we tend to focus on may not be bad. Of course, whether your broker will even let you trade it is a whole other debate :)
http://www.reversemergerblog.com/2011/11/21/sad-thoughts-about-seasoning-part-iii/
This whole case interests me from a learning perspective,
in addition to the shares I had bought. Just by following the events, I have learned a lot, and that is worth the time that I have spent watching and reading about it.
I'll continue to follow it, until I see the words "Case Closed", I think.
Yes that part bothers me. A lot of these issues wouldnt happen if they would just clean house directly and get rid of the shares fast like they are supposed to. I believe thats why they are playing catch up. The market is changing and changing fast on the OTC. It won't be like it used to be. They are closing the doors of diff avenues.
But all they will tell you is the OTC is risky and you shouldnt of took the risk of buying a BK pink. They don't see it like we do. They don't see it as a shell and possible money maker or something shell hunters put money into. They look at it as a co that's dead and most people down 90+% and no one will care of a deletion.
They have been cleaning house the past few years but especially with BK's this year and last year. I think they were playing catch up and just started knocking out all the BK's. But having them reinstate it will be the trick. Do you have a lot of shares to even make it worth your time? And if they were pressured to do it they could always RS it immediately and take the co private and keep the money that way.
I usually just write these things off. And I've had some really odd things happen to me with stocks. I just let karma take these askholes out.
How ASYTQ could get listed on an exchange or market again >
To become an OTCQX, OTCQB or OTC Pink company, at least one market maker must quote the company's securities on the OTC Link interdealer quotation system. Unlike stock exchanges, the OTC market does not have a way for companies to list their own stock for trading. Market makers begin quoting new securities on OTC Link by submitting a Form 211 with the Financial Industry Regulatory Authority (FINRA). In some cases, there may be an exemption available that permits a market maker to begin quoting a stock without filing a Form 211. Generally, this happens when the market maker is already quoting the stock in another market center or if the market maker is only representing an unsolicited customer order, not making a market. For more information, see:
Finding A Market Maker to Sponsor Your Company
Only SEC-registered broker-dealers (market makers) that are members of FINRA can quote securities in the OTC Link system. There are over 150 market makers that participate in the OTC Link system today. Only one market maker quotation is required to start trading. OTC Markets cannot recommend specific market makers. However, market makers included in our 211 Market Maker List welcome potential issuers to contact them to discuss making a market in their company's stock.
Not all market makers are willing to sponsor a new security and file a Form 211. Many market makers will begin to quote a security only after it another firm does the paper work to get the stock on OTC Link. After 30 days, the newly quoted stock becomes "piggyback qualified" and any market maker can begin quoting without filing the Form 211.
Listing Requirements and Fees
There are no listing requirements for the OTCQB or OTC Pink tiers. The OTCQX tier has both qualitative standards and minimum financial requirements.
While there is no requirement that OTC Pink companies continue to provide updated financial information to OTC Markets; federal securities law requires that adequate current information must be publicly available when an issuer's securities are traded in the OTC market under the following circumstances:
http://www.otcmarkets.com/companies-advisors/otc-trading
Something to consider about ASYTQ >
It's a fact, that the company's 8-K stated, that the shares would NO longer trade on any exchange, or market after having been cancelled, and suspended from trading on the NASDAQ,
but, in fact, the shares were picked-up by the Market Makers and the shares traded on the Pink Sheets OTC market, right after the shares were said to be suspended and cancelled.
That tells me that the Market Makers saw the opportunity to maintain a market for the shares, as there were willing investors and traders interested in trading the shares.
I have to wonder, with sheer curiousity, if the Market Makers will again maintain a market for the shares by filling out the Form 211 that FINRA has told me, is all that is required to get the shares trading on the markets and exchanges once again, especially if there is any inkling of a "Reverse Merger" plan, or rumor about.
You've no doubt heard the expression "Loose lips, sink ships".
I wouldn't be surprised if ASYTQ's shares, even though they were cancelled, were "Under the Radar", so to speak, not being noticed by FINRA, perhaps because of the large number of Bankruptcy cases with cancelled shares, and that perhaps someone contaced FINRA letting them know about the shares being cancelled.
In effect, someones effort at contacting FINRA, may have been the reason FINRA became aware of the cancelled shares, and had the OTC delete the shares.
Just my plausible explaination for consideration. Not fact.
Any thoughts ?
ASYTQ Sequence of events:
Chapter 11 Bankruptcy Case, NOT closed yet.
__________________________________________________________________
Asyst Technologies > 15-12G > ASYTQ
Has "Active status" in the State of California.
http://kepler.sos.ca.gov/cbs.aspx
Business Entity Detail
Data is updated weekly and is current as of Friday, February 10, 2012.
Entity Name: ASYST TECHNOLOGIES, INC.
Entity Number: C1247744
Date Filed: 05/31/1984
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 46897 BAYSIDE PKY
Entity City, State, Zip: FREMONT CA 94538
Agent for Service of Process: CORP2000
Agent Address: 720 14TH ST
Agent City, State, Zip: SACRAMENTO CA 95814
Bankruptcy Court Updates - (ASYTQ)
http://www.canb.uscourts.gov/judges/lafferty/calendar
http://dm.epiq11.com/ATI/docket/Default.aspx?rc=1
http://www.scouler.com/?s=asyst+technologies
EDGAR Search Results - (ASYTQ)
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000909326&owner=exclude&count=40
_________________________________________________________________
2/6/2012
Docket #665 Operating Report >
Filed by Trustee Other Prof Scouler & Company, LLC, as Liquidating Trustee (Danker, Ashleigh)
http://dm.epiq11.com/ATI/docket/Default.aspx?rc=1
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
OAKLAND DIVISION
ASYST LIQUIDATION TRUST TRUSTEE REPORT FOR THE PERIOD
OCTOBER 1, 2011 THROUGH DECEMBER 31, 2011
Asyst Liquidation Trust
Trustee Report
October 1, 2011 – December 31, 2012
Liquidation Trust Agreement Required Reporting (Article 3.4, section (p))
(i) The receipt and disposition by the Liquidation Trustee of property of the Estate or the Debtor during the prior quarter, including the disposition of funds in the Liquidation Trust, the Wind- Down Reserve and Distribution Fund.
The Asyst Liquidation Trust holds two accounts at Chase bank, a checking account and a savings account. On October 1, 2011 the consolidated balance of the Asyst Liquidation Trust checking account and savings account was $271,719.28 (please see Exhibit – A1).
The difference between the book balance and the bank
balance is due to one outstanding check. A detailed list of expenditures by the Trust during the period covered
by this report is set forth on Exhibit – D.
The total amount of receipts within the checking account during the months of October through December was $84,000.
The total amount of receipts within the savings account during the months of October through December was $157,000.
The savings account accrued $106.44 of interest during the months of October through December.
As of December 31, 2011 the consolidated balance in the Asyst Liquidation Trust checking and savings account was $372,052.60 (please see Exhibit – A2).
(ii) All disputed Claims resolved by the Liquidation Trustee during such period and all remaining disputed Claims.
No Claims to report.
(iii) All known material non-Cash assets of the Debtor remaining to be disposed of
The only non-cash asset of the Debtor that remains is an external hard drive with approximately 232 GB of financial and historical data that will be retained by the Liquidating Trustee until the case is closed. __________________________________________________________________
02/02/12
Notice of Change of Address Filed by Creditor Oracle USA, Inc.
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF CALIFORNIA
In re
ASYST TECHNOLOGIES, INC.,
Debtors.
Chapter 11
Case No. 09-43246
Jointly Administered
TO ALL INTERESTED PARTIES AND THEIR ATTORNEYS OF RECORD:
NOTICE IS HEREBY GIVEN that Buchalter Nemer, A Professional Corporation (the“Firm”), effective January 30, 2012, has moved to:
55 Second Street, 17th Floor
San Francisco, California 94105-3493
The Firm’s phone and fax numbers, and its email addresses, remain unchanged.
BUCHALTER NEMER,
A Professional Corporation
Dated: February 2, 2012
By: /s/ Shawn M. Christianson______ ____
Shawn M. Christianson, Esq.
333 Market Street, 25th Floor
San Francisco, CA 94105-2126
Telephone: (415) 227-0900
Facsimile: (415) 227-0770
Attorneys for Creditors, Oracle America,
Inc. and Oracle Credit Corporation
Case: 09-43246 Doc# 664 Filed: 02/02/12 Entered: 02/02/12 09:58:56 Page 1 of 1
__________________________________________________________________
I received the following e-mails from the OTC
__________________________________________________________________
10/19/2011
I don’t know the answer to that. FINRA should be notified as soon as possible. However, I think this is based on a FINRA rule and not an SEC rule so I don’t think there is any kind of penalty involved. SEC Rule 10b17 only governs dividends, stock splits or rights offerings.
Regards,
Brandon
Brandon Ferguson
Issuer and Information Services
__________________________________________________________________
10/19/2011
Thank you for your e-mail.
If shares are said to be cancelled in an 8-K, why wouldn't an officer in the company, or the Debtors attorney notify FINRA right away?
....and, if they don't notify FINRA, aren't they, and the Market Makers failing to uphold the integrity of their positions?
__________________________________________________________________
10/19/2011
I assume that FINRA usually gets notification from the issuer. However, if they find out about it some other way, they would most likely delete the symbol for market integrity purposes.
Regards,
Brandon
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
_________________________________________________________________
10/18/2011
Hello Brandon,
Thank you so much for contacting me with this information.
Would you know what person(s), have the right, or authority to request that FINRA delete shares?
I have been told that only an officer of the company, or the attorney for the debtor, have this authority.
Can you confirm this?
Thank you,
__________________________________________________________________
10/10/2011
Our note from FINRA on 9/29/11 stated: “Plan of Bankruptcy Effective. All shares have been cancelled. Deletion Time: 11:03:32”
At that time, the symbol was deleted. If you have additional questions, you may want to contact FINRA.
-Brandon
Brandon Ferguson
Issuer and Information Services
304 Hudson Street 3rd Floor
New York, NY 10013-1015
T +1 (212) 896-4420 | F +1 (212) 652-5920
brandon@otcmarkets.com
__________________________________________________________________
10/09/2011
Re: Deletion of ASYTQ
Good Morning,
I am a shareholder of ASYTQ ( Asyst Technologies, Inc.)
This stock was deleted on September 29, 2011
I am trying to find out why Market Makers are no longer making a market in this stock.
The shares were said to have been cancelled on March 10th, 2010, however, market makers maintained Bid and Ask prices from March 10, 2010 up until September 28, 2011.
I am interested in knowing why, all of a sudden, the market makers did not make a market in ASYTQ.
There must be some reason.
Thank you for any information and answers you can provide.
Sincerely,
__________________________________________________________________
The "Market Makers", were making a market in ASYTQ well after the "Effective Date" of March 5, 2010.
It wasn't until September 29th, 2011 that FINRA sent out this announcement below:
September 29th, 2011:
Notice from FINRA
Attn: Trading and Market Making/Legal and Compliance/Operations/Systems
UNIFORM PRACTICE ADVISORY (UPC #68-11) September 29, 2011
Asyst Technologies, Inc. (ASYTQ)
_
Notice has been received that the above Company’s Joint Plan of Reorganization (Plan) filed under Chapter XI of the Federal Bankruptcy Code, became effective on March 5, 2010.
Pursuant to the Plan, on the Effective Date, all shares of stock in ATI will be cancelled and will forever cease trading on OTC Bulletin Board or any other securities exchange or market. Class 4 consists of holders of Interests in the Debtor. Class 4 is impaired and the holders of Interests in Class 4 will not receive any distributions on account of Interests. Holders of Interests in Class 4 shall be deemed to have rejected the Plan and shall not have the opportunity to vote.
Members are reminded of their obligations under NASD Conduct Rule 2310 if they continue to engage in transactions in the above security after the effective date.
Members are further advised that deliveries in settlement of contracts in the OLD securities, which were executed prior to the announcement that the securities had been deemed worthless, shall be evidenced by either a) the OLD security; or b) a Letter of Indemnity which shall grant the purchaser any rights and privileges which might accrue to the holders of the physical securities. Such deliveries shall operate to close-out the contract and shall be settled at the existing contract price pursuant to Uniform Practice Code Rule 11530.
Questions regarding this notice should be directed to: FINRA Operations- 1-866-776-0800.
www2.finra.org/web/groups/industry/@ip/@comp/.../p124548.pdf
_________________________________________________________________
03/12/2010
Shares of Asyst Technologies, Inc. (ASYTQ) begin trading on the Pink Sheets OTC Market, after Market Makers begin making a market in the issue, even though the shares were cancelled by the court, and were cancelled and will forever cease trading on any securities exchange or market.
_________________________________________________________________
03/12/2010
Shares of Asyst Technologies, Inc. (ASYTQ) are suspended, and no longer trade on the NASDAQ Market.
__________________________________________________________________
03/12/2010
Form 8-K
Regulation FD Disclosure
As previously reported on Form 8-K filed with the SEC on April 24, 2009,
Asyst Technologies, Inc. filed for protection under Chapter 11 of the United States Bankruptcy Code on April 20, 2009
(Case Number 09-43246-RJN), in the United States Bankruptcy Court for the Northern District of California (Oakland).
As of September 1, 2009, Asyst Technologies, Inc. concluded the sale transactions of all U.S. assets related to Fab Automation, Connectivity Software, and AMHS that were previously disclosed in
a press release dated July 31, 2009. Asyst Technologies, Inc. has ceased all commercial business operations effective September 1, 2009.
The Company commenced the Plan of Liquidation solicitation process on or about December 28, 2009 by distributing a solicitation package that included the Plan and Disclosure Statement dated December 23, 2009, notice of the Confirmation Hearing, a ballot, and a postage paid return envelope to all
parties entitled to vote to accept or reject the Plan. The Plan was approved by the United States Bankruptcy Court for the Northern District of California (Oakland) on February 18, 2010. The Order approving and confirming the Plan and Disclosure Statement as well as the Disclosure Statement are attached as Exhibit 99.1 and incorporated herein by reference.
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.
http://www.investorpoint.com/stock/ASYTQ-Asyst+Technologies+Inc./sec-filings/