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In 2009, the company filed for Chapter 11 Bankruptcy, and Butler America (a privately held staffing and outsourcing solutions firm) agreed to acquire all of the remaining assets of Butler International for $27 million.[2] Now headquartered in {Shelton, Connecticut, the company retained much of the operational and on–the–ground talent from Butler International.
So if the BK is dismissed, is the above still true. Wont Butl shares be owned by Butler America?
So they deleted the symbol, but shares in the company don't disappear.
Is butler America going to emerge as Butl?
Any insights?
Oh yeah? Which company did you call?? Because Butler International is NOT Butler America. That's two different companies. Select Staffing bought out a portion of Butler International and I know they're not going to tell you anything. Both entities, Butler America and Select Staffing are private companies.
Yes, there is a symbol deletion. No denying that but someone or entity still holds the common shares to the company fka Butler International. The only thing that is deleted here is the symbol, not the structure of the security and the shell. Don't get it twisted.
Wrong! I don't mess around when it comes to stuff like this
I was told BK dismissed and in Play
when I saw on Security Deletion list I immediately called the co, then FINRA
that's how [SMART MONEY] does DD
cant say that about everyone
hahahhahaha, snicker, snicker, hehehe
Go love thy neighbor.
Stock has Not been delisted !!
there is NO indications on OTCBB site that this stock got revoked !!!
Symbol got deleted and they coming out of BK or in the form of merging or some sort with a new symbol.
best wishes,
Buying picked up a few days before the delisting notice was put out on otcbb.com website so somebody knows something.
If this starts trading as BUTL, don't let go of your shares cheaply. People on this board trying to get some cheapies just in case it starts off.
Also BUTLQ is Butler international, BUTL right now shows as Butler int. inc. New com.
New common?
TIFWW
Wrong. He is a BS artist. It just that this one time he wasn't messing around.
Ha ha. Go smart money!
You called it! Poof!!! You're no BS Artist!
Game over. Stock is delisted. And yesterday some guys bougth 0.04$ crazy lol...
Got link(s)?
Shwab and some other trading companies still indicate the company is still in the market and will be trading with a new symbol.
BUKS is a new symbol !! (j/k)
I wish it was,
However, I think only the symbol is deleted. Shwab and some other trading companies still indicate the company is still in the market and will be trading with a new symbol.
GTLA
I just lost a ton of money but this made me LOL
Thanks for the great posts here
hope u got out OK
sold for 27 million. 14 million OS. Don't know how it will pan out.
Here's an old link for DD
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61552826
when BK is dismissed, usually it reverts back to it's original symbol, in this case, BUTL...BUTLQ IS DELETED DOESN'T MEAN, it wont open as BUTL...but i still think, even so, it will NOT open @ .1..the valuations is still POS, imho!..at least peeps wont lose everything and may recover some..i hope it does..BUT, anything is possible in PINKY land...oh! well, we shall find out soon....
Butler International, Inc. (BUTLQ: OTC Link) | Deleted Symbol
?Today, ?October ?24, ?2013, ??5 hours ago | OTC Markets Group - News, Filings & Corporate ActionsGo to full article
Thu, Oct 24, 2013 12:00 - Butler International, Inc. (BUTLQ: OTC Link) - Deleted Symbol - As of Thu, Oct 24, 2013, BUTLQ is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.
Yes. A lot of scare tactics being used here and as some of us know, Select Staffing, a private company, bought out Butler International so the actual company is not going anywhere. This symbol deletion may be just what it is, a symbol deletion. We could open as BUTL or maybe get a whole new symbol all together. Who knows...guess we'll have to wait and see. Pure speculation here.
You are right though. If it opens as BUTL, .10 will hit fast and there's no telling how high it can get with that super low OS and float.
It's pretty simple and straight forward here. If the stock is still trading tomorrow and as BUTL without the Q, it opens at 0.10. Low OS and float and operating company. End of story.
Yep u right.thanks.
what Hopium? Isn't that illegal? lol
FYI it says effective 10/24/2013, wishful thinking and hopium for daily list to just remove Q tomorrow as a symbol change, not holding my breath though......
12:56 BUTLQ Butler International, Inc. Common Stock 10/24/2013
Its on the Daily List under SECURITY DELETIONS for all the public to see
no Private info there!
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/23/2013&mkt_ctg=ALL
I told him about the BK dismissal, but saids its on the DELETION LIST,.... he said hold on something doesn't seem right, let me look into this for you!
I see ihub already added the formerly known as (fka) to the ticker
Home > Boards > US OTC > Delisted >
Butler International, Inc. (fka BUTLQ)
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will be sad if shareholders didn't sell today and wake up to
POOF!
you should of done what I did, fortunately for me, there was still a bid for same price I bought at
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93309723
I was in for a surprise when I discovered the order to buy went thru before i could cancel it.
Instant total loss
The ihub chart above looks like a middle finger.
Good looking out, SMART MONEY! Your informative post saved the day for many.
I sent out an email to all the names on their website, if I hear anything from them I will share.
BUTLQ: Finra deleted symbol:
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/23/2013&mkt_ctg=NON-OTCBB
it's a recording Message?
Just Got This.
"This is a deletion. Company no longer exist.
Thank you.
FINRA Operations"
Most likely will be dropping the q since the bankruptcy was dismissed
not the same,the Titanic sunk Slowly.LET'S SEE what tmr. brings.it's not over till it's over
Let's hope they don't change the symbol to BUTT, actually we will take any symbol as long as it trades.
I put in a "low" order amongst all the hype earlier.
Came back from lunch with a filled order and 75% loss
WTF. So much for the mobile TDA app, it said all was well. Then i login on the PC back at worst and see the destruction.
its on the deletion list for tomorrow .
not holding this but how can it be they told u this but others don't get that info.at the same time. ?
this is not a standard Progression...
yep best thing to do is wait
BUTLQ CH7? delisting next time very probably.
There is NO tomorrow for BUTLQ I spoke to FINRA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93308999
maybe smarter to wait til tomorrow. If it's still trading tomorrow, I'll get in. jmho
Ha ha! Maybe you should call them back and convince them to let it resume trading, then make another announcement.
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Business Name: | Butler Services International, inc. / Butler America |
Tax ID: | 061181282 |
Bankruptcy Case #s: | 09-11914-KJC, 09-11915-KJC, 09-11916-KJC, 09-11917-KJC |
Judge: | Honorable Kevin J. Carey |
Trustee: | Thomas Patrick |
Ch. 11 Filed: | June 1, 2009 |
Disposition Dismissed: | May 27th, 2010 |
Closed On: | June 10, 2010 |
Bankruptcy Attorney #1: | Jeremy William Ryan E-mail: jryan@potteranderson.com Full Profile: http://www.potteranderson.com/attorneys-111.html Telephone: (302) 984-6108 |
Bankruptcy Attorney #2: | Jamie L. Edmonson (Associate Bayard Law) E-mail: jedmonson@bayardlaw.com Full Profile: http://www.bayardlaw.com/jamie-edmonson.htm Telephone: (302) 429-4234 |
Bankruptcy Attorney #3: | Justin R. Alberto (Associate Bayard Law) E-mail: jalberto@bayardlaw.com Full Profile: http://www.bayardlaw.com/justin-alberto.htm Telephone: (302) 429-4226 |
Bankruptcy Attorney #4: | Attorney: Charlene D. Davis (Director Bayard Law) E-mail: cdavis@bayardlaw.com Full Profile: http://www.bayardlaw.com/charlene-davis.htm Telephone: (302) 429-4212 |
Butler International, Inc. (Butler), incorporated in 1985, provides outsourcing, project management and technical staff augmentation services that are performed onsite at the client's facility, offsite at a Company-owned facility, or offshore at Butler's facility in Hyderabad, India. Butler offers capability in technical, information technology (IT), and telecommunications disciplines, including engineering design support primarily used for aerospace, defense and heavy equipment manufacturing; software applications development and implementation; enterprise network design and implementation, and telecommunications network systems implementation. Combined, aerospace/aircraft and defense are Butler's largest vertical industry segments.
Butler has served companies in industries, including aircraft, aerospace, defense, telecommunications, financial services, heavy equipment and manufacturing. In July 2009, the Company announced that it had completed its previously announced sale of substantially all of its non-publishing assets to Butler America LLC.
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