SKULL & BONES
APPRECIATE YOUR HELP GOOD OR BAD.........
BRTI SEC Suspension for severely delinquent Financials:
I hate this stock!!!!!!!!!!!!!!!
I'm. Not sure..its a drag
Is this know or is this in the past?
brti did voluntery chapter 11
DIP Financing as a Potential Solution
A company facing such financial woes is most likely already considering restructuring or even selling the business. Out-of-court workouts are another option and might succeed. However, sometimes a Chapter 11 filing can provide powerful options, including the ability to facilitate financing. If a company needs a loan but a potential lender isn’t willing to provide it or has a concern about a legal challenge, the Bankruptcy Code offers a way to assure a lender that the loan won’t be challenged. This would remain true even if the lender is an insider or potential purchaser.
Great - after the close
splintered sunlight -> First take a look with the local court system that case is going through. That is usually free service that you can access online. In this case, from the screenshot Buc, we can see it was filed in "Courts > Nevada Bankruptcy Court"
If that jurisdiction does not have it electronically accessible over internet, then you can use pacermonitor or one of the other online court record services to look up the case files.
You can at least use pacer to get the docket/case numbers. (shown in that screenshot that Buc had posted on twitter).
Once you have access to the court docs, then all you have to do is read the details.
Please tell me how to go through the records - I would love to.
splintered sunlight -> Yes the cases are almost a year old. But there are many recent case updates. Would highly suggest people in this group to go through the records (if you haven't already) and catch up on whats coming your way with BRTI. Will probably help explain the recent price jumping in the PPS.
remember i said they do lots of business with jeff bearden and his companies? well looks like they might get this lawsuite resolved see here...i said that brti may/probably will come under the acca umbrella at some point...
billy28227047 Tuesday, 02/16/21 06:06:54 PM
Re: None 0
Case update. See if you can catch the important info.
"2. I am making this declaration in support of the Stipulation to Continue Hearing on Defendant P3 Partners, LLC’s Motion to Dismiss Complaint (“Motion”)(the “Stipulation”) filed as Document No. 27 on February 11, 2021.
3. The reason that I requested a continuance of the Motion hearing and extension of the deadline for Plaintiffs’ Opposition thereto by fourteen (14) days is because Plaintiffs and defendants other than P3 Partners, LLC (Jeff Bearden, Acembly, Inc., Synrgy Corp., and B&D Consulting, LLC) have been attempting and continue to attempt to engage in global settlement discussions that would potentially
resolve this case. Additionally, I had to take brief personal leave to attend to a sick family member, thereby delaying my ability to address the Motion in a more expeditious fashion."
This is the tidbit that my eyes are glued to
"is because Plaintiffs and defendants other than P3 Partners, LLC (Jeff Bearden, Acembly, Inc., Synrgy Corp., and B&D Consulting, LLC) have been attempting and continue to attempt to engage in global settlement discussions that would potentially
resolve this case."
So, sounds like we will start seeing some answers in a two week window.
For those of you that are to new to this ticker. The court case is what appears to most of us as a takeover of cloud tech company "Acembly". Where most of us believe it will be reverse merged into the $SNGY shell. which is great news to us here at ACCA as we believe ACCA will be taking $SNGY as one of it's many holdings.
yes about 2 weeks or so we should know a lot more...here look at this
That would be great!!!!!
they maybe ready to come out of bk very soon!
Yes, but this is almost a year old.
What do you make of it?
I don't have twitter - anyway to copy and paste?
read this tweet....perhaps this is why the volume ?
true the scumbags...
What the hell just happened.
They crushed it back down.
At least I'm long for the next run - HOPEFULLY.
lol they have been getting them...they are profitable they entered voluntary bankruptcy because crediters demanding a lot when covid hit ....but money still kept comming but they said they expect it wont last long this was at .4 three years ago
This company got a contract from the government???????
going back up...so we sitback and see if theres news soon enough because these stocks just dont jump for no reasons at all
Yeah, but about 6, 5 ,4............
yes! lol stupid imho! they likely have been holders since subs and saw oppty to get out?
Who would sell a 100K at 2 cents???????????????????????
It just printed at 7!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
rats...somebody dumped and took pps down has to be a small float but its going back up
To me their all just 4 letter symbols.
Definitely helps to know a little.
b&d consulting doing business with blackridge and others acca owned by jefery bearden looks like might r/m into ACCA and brti under same umbrella
What does that mean?
was based on if they were comming under the acca umbrella...with b&d and others....intresting