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Thank you for that… and I could not agree with you more.
I guess I have to wait for all the attorneys to come out of the wood works so I can recover a small fraction of what I lost… if that at all.
I have money in Rumble too, and I’m really hoping Rumble can make up for my loses here… otherwise it’s back to ETF’s for me.
I extend my sincere condolences for your $15K loss. It reinforces the necessity to study U.S. Bankruptcy Laws when owning stock in a public company in bankruptcy. Then it is equally imperative to study the bankrupt company's PLAN, either Reorganization or Liquidation, to know if there will be any intended distribution to common shareholders. Then CASH OUT when one learns the equity will be cancelled. Some recovered money is better than a 100% loss.
I'll use Bed Bath and Beyond as a classic example of shareholders not accepting that ALL classes of equity will be cancelled as per the company's PLAN and in 8K's. Approximately 800 million common shares will IMMINENTLY be cancelled yet the stock still trades around 20 cents. When the BK Judge cancels the equity all shareholders will lose the entirety of their investment. Unfortunately, I-Hub posters either can't or won't accept that stark reality.
Thank you for the explanation, that was very helpful.
I was hoping we would still hold on to the shell… I lost $15K on this stock and it sucks that I can’t do anything about it.
Shareholders of public companies that are either in a Chapter 11 Reorganization or a Chapter 7 Liquidation are the very last groups to obtain any monetary distribution.
In ALL instances the Secured Creditors come first, not much different than a first mortgage holder on a home, then Unsecured Creditors come second, then Bankruptcy Trustee costs, then Preferred Shareholders if there is any money left, then common equity shareholders. In very rare instances after all prioritized claimants have been paid in full the common equity shareholders may receive a very small distribution or warrants to purchase new shares at a discount if the company successfully reorganized under Chapter 11.
So yes, to your question, shareholders lost everything when the BK Judge cancelled the equity (shares).
So that’s it? So shareholders loss everything… we can’t even hold on to the shell?
BOXDQ: BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
BOXDQ: Pressurized UPWARDS by 18.52% (Pre-Mark.) on my E-Turd "Extended Hours" view protocol.
PS: Check-out some of my 'Photoshop' stuff as, "Victor J. Monroe"; & my disruptive, revolutionary, & otherwise astonishing, "The Morpheus Device" Invention Proposal.
https://www.flickr.com/photos/77970878@N08/
https://online.fliphtml5.com/qfczh/drmm/#p=1
https://dreamrecordingmachinedeviceinvention.blogspot.com/
BOXD changed to BOXDQ, bankruptcy. Delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
Well I'm here now hope they find a way but no bankruptcy. It looks as though they can turn things around if they can create a cash flow.
BOXD: Bought at .12 b4 2 green candles.Looking to buy back on a bounce
Nice bk/going concern play, like many other ones
Oh..you're here now? What took so long? Finished pumping EPAZ? Didn't do what you promised it would do? lmao.
$BOXD:
pre market runner on monday.
expecting .35 to .40 here next week.
BOXD.........................................https://stockcharts.com/h-sc/ui?s=BOXD&p=W&b=5&g=0&id=p86431144783
Looks like it is going run in after hours trading.
Recovery under way.
Load and hold.
Monday could bring .30
i’ve got my catcher’s ….
….
mitt on but its not open just yet, still waiting. its a friday, after all.
#BOXD ?? stock to watch! Can run big if earning is good tomorrow! $boxd
BOXD: An update article just hit the wires about this!!! IMPORTANT READING!!
https://www.investorsobserver.com/news/stock-update/do-analysts-agree-thursday-on-boxed-inc-boxd-stocks-target-price
record volume so far, and may even double yesterdays record volume.
i love that no one knows why its running. no fluffy news, just a run on something that clearly leaked out.
hey, im slowly building my channel with…
…
that kind of stuff, haha. people love it.
BOXD: HAH!!! Well, not exactly 'Scratch-Built' gourmet stuff there, Girl!!
BOXD: Get ready to step-aside, @BDPT!!! 'Cause BOXD is gaining on ya --- ya STINKY PINKY, with your silly new GADGET!!!!
BOXD: I hope YOU are serving some 'SNACKS' from your (5-Star) PodCast!!
BOXD: Has now climbed up to #3 on BARCHART's List --- just behind you-know-what!!! (Not too shabby; kinda hard to catch-up to that @BDPT!!)
https://www.barchart.com/investing-ideas/penny-stocks?orderBy=percentChange5d&orderDir=desc
its about time, i need a good stock party!
BOXD: Hey Guys (& Gals!!), it's PARTY time at the BOXD Frat House!!!
That's huge! GLTY and all longs
BOXD: "Boxed (NYSE:BOXD) shares are gaining over 23% without any clear news this morning."
https://investorplace.com/2023/03/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-march-23/
BOXD: It's a morn. GAPPER, for sure; I got-in right at today's Starting Gate --- I could have DUMPED this already for nice profit, but I will likely HOLD it throughout this day, just for laughs.
i looked back at the year and it ran hard off the bottom with similar volume, so, im hopeful.
BOXD: O.K., I copy that, Chief; that's a very CLEVER investing perspective, Young Lady!! (I don't know if this BOXD Puppy will hold a RUN here, per se, but Mr. "SubsLover" was on this yesterday, when he posted to another fellow that this was UP by 83% after its Close Wed.; so then I began pondering it.)
EVERYBODY AT THE BANK, MAKING OUT LIKE A BANDIT. TOO MUCH MONEY TO COUNT. HOPEFULLY THE PARTY CONTINUES
thats why i bought, because i…
…
did NOT see those guys here.
BOXD: Well, HOWDY, Capt. GAIL!!!! Everybody is over on that silly ORION'S MONEY STOCKS behind this one, naturally --- nobody wants to party on the iHub BOARDS anymore. Hey, where is our Pal, Mr. EZMoney on this one???? And, hello GARYST, Bro --- what's UP, Homeboy????? HA-HAAA!!!
Hey, Capt. GAIL, & I was just pondering as to, "WHERE THE WHITE WOMEN AT???!!!!"
That's ME, on the right!!
wow, this one is really moving here!
BOXD: Well, HOWDY, J-73!!! Heck, now I can DRY MY TEARS over here, & SMILE a tad bit!! (Thought I was in the old proverbial, 'Twilight Zone'.)
PS: All of my childish joking aside, YES indeed, it appears that something is in the works now to RESCUE this sick Puppy.
BOXD on fire today...heavy volume pouring in!
BOXD: Well, looks like I will have to party all by MYSELF, over here --- since ya-all like to party over on ORION'S MONEY STOCKS!! (I'm LONELY over here!!!)
BOXD: Someone, or something, or whatever thing, is on the CUSP of RESCUING this sick Puppy?????? (The BIG GUESS!!)
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