Charge Enterprises Inc (fka CRGEQ)

[CountOfMeltedCrisco]

~

[Renee]

CRGEQ: BK PLAN effective. All shares cancelled. ***548,838 volume at .0068. Hmmmmmmm, ya think someone knew the stock would be cancelled and sold out before end of day??

https://otce.finra.org/otce/dailyList?viewType=Deletions

[GStockz]

Turned out to be a piece of junk.

[The Night Stalker]

https://stockcharts.com/c-sc/sc?s=crgeq&p=W&b=5&g=0&i=t6693082544c&r=1711853955833

[The Night Stalker]

maybe can do a scammy bounce here

[WHITTENHALLJR]

Yes Ty

[Renee]

Most likely yes, as with all bankruptcies the common shares are the very last in line for distribution, and in all of those cases the common shares are considered a burden to either the reorganization (CH 11) or liquidation (CH 7) and are consequently cancelled.

To be sure it is important to read the Bankruptcy PLAN.

[WHITTENHALLJR]

Will shares get canceled like GM did?

[WHITTENHALLJR]

What bankruptcy is it … can they pull out?

[Picktool]

Key auto industry company files Chapter 11 bankruptcy

https://www.thestreet.com/electric-vehicles/key-ev-charging-station-maker-files-chapter-11-bankruptcy

Tesla rival admits Chapter 11 bankruptcy is a risk

https://www.thestreet.com/electric-vehicles/tesla-rival-admits-chapter-11-bankruptcy-is-a-risk

More BK
https://dm.epiq11.com/case/charge-enterprises/dockets

[trader59]

They only did that so they can remain in business during the process of turning it over to their lenders. Had they filed Chapter 7, they’d be shutting down completely.

[lnong]

Looks like they filed for ch 11 (reorg) instead of ch 7 (liquidation) so maybe there's a glimmer of hope. Guess gotta wait and see..

[trader59]

There’s a chance, but any buyer would have to offer more than they owe for shareholders to see any recovery, and if it was worth that, they wouldn’t be bankrupt.

[lnong]

They are turning the business over to their lender, but is there a chance that the business will find a buyer? Or will the lender sell off all assets?

[trader59]

Read the link… they’re turning the business over to their creditors, which means the stock will be cancelled.

[Big RDC]

WAIT BRO !!!

[Poboyjim]

I have a ?...if I buy shares while in bankruptcy are they still good when coming out of bankruptcy? Should I buy shares in Charge now or wait? Thank you

[barnyarddog]

Stellantis and GM charging station partner goes bankrupt

Mar 8 2024
https://electrek.co/2024/03/08/stellantis-and-gm-charging-station-partner-goes-bankrupt/

[Renee]

CRGE changed to CRGEQ, bankruptcy.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[buzzonthestreet]

You’re looking at NASDAQ quote but it’s quoted on OTC now.

[backyards]

historical shows three days of no volume must be a misprint.

[Invest-in-America]

CRGE: WHY not trading?? Well --- normally --- can't buy OTC stocks in the Pre- nor Post-Markets for starters; and after the OPEN, it normally takes awhile for the VOLUME to get going so the MM's can do their stuff.

[backyards]

why isn't this trading?

[Invest-in-America]

CRGE: A good (recent) 'AI-&-Machine-Voice-Generated' REVIEW of this at below LINK!!

[Jaxxm]

CRGE closed 59% up

[Jaxxm]

CRGE over 20 million short shares squeeze imminent

[Jaxxm]

Market maker INTL moved to 28 cents

[Jaxxm]

I guess There is no any other pink stock that generates over 600 million dollars annual revenue. Their cash double then their debt with 215 million o/s and 97 million Float trading at .0195.. please let me know if you find the second one..
Also EV charger, solar panel, Ev Battery company.. plus partner the world''s one of the biggest car maker Stellantis..

[Invest-in-America]

CRGE: THAT would be very nice!!! (If so, YOU will garner circa 3,000 new iHub FOLLOWERS in about one week!!)

[Jaxxm]

The cheapest and most valuable stock in the OTC market

[Invest-in-America]

CRGE: You & me gots our eyeballs glued on THIS cute little (suddenly) OTC Puppy, Homeboy!!! (With the OTC, one never knows WHAT might transpire!!)

[gail]

wow, cool, congrats. im not following it now.

[TIMGZ]

THOUGHT YOU WERE LOST IN THE OCEAN MAKING THOSE FIRES TO POWER YOUR FIRE-LIKE TO THE MOON.

CAME REALLY LATE TODAY , HOPE CAUGHT SOME PRE MARKET ACTIONS.
GL TRADING

[Invest-in-America]

CRGE: Yep! And, this got lots more ATTENTION vis-a-vis @NXU's (pure fluff) "news" today about their purportedly "milestone" achievement of merely charging-up a TESLA (stupid-looking) TRUCK!!!

[Jaxxm]

CRGE can hit 50 cents next week thin

[Invest-in-America]

CRGE: When all is said-&-done today, this CRGE could very well beat ALL the Wall Street competition.

[Jaxxm]

CRGE Partner with Stellantis as Infrastructure Provider for 2,600 US dealership network.

https://finance.yahoo.com/news/stellantis-selects-charge-enterprises-infrastructure-150300787.html

[Jaxxm]

CRGE 33% up

[Jaxxm]

CRGE is still not A BK stock. If it is BK it should be added Q to the ticker symbol.

[gail]

the chart is blank, is ….

…

it a new name, oh wait, i see it on L2

[Jaxxm]

CRGE .015 good time loading

[Invest-in-America]

CRGE: Bonkers stuff!! Hey, the ages-old myth is that when one buys "SHARES" of any company, one is purchasing a "PIECE" of that company --- when in FACT, one is only buying the (worthless) gambling CHIPS of that company!! All of which might as well be made of cheap PLASTIC, like in any Vegas casino!! However, with Wall Street, at least their is a "COMPANY" associated with those mere gambling CHIPS. But, with BITCOIN & other CRYPTOS, there is NOTHING AT ALL associated with those gambling CHIPS --- except a worthless, DE-CENTRALIZED, blockchain!!!!

[Jaxxm]

CRGE has 57 million dollars cash 30 million dollars debt,
https://finance.yahoo.com/quote/CRGE/

Ev charger, solar panel and battery storage company.
Partner with Stellantis as Infrastructure Provider for 2,600 US dealership network.
https://finance.yahoo.com/news/stellantis-selects-charge-enterprises-infrastructure-150300787.html

About 600 million dollars annual Revenue. Posts gross profit not net profit..
https://www.otcmarkets.com/filing/html?id=17038980&guid=Zod-kWAqNviqJth

The company says cash positive in 2024..
$CRGE~Expected positive adjusted EBITDA Q1 2024 and FULL YEAR 2024
Click November Q3 Presentation Page 19..
https://www.charge.enterprises/presentations

They want to banktrup the company why?
215 million o/s .. float 97 million..
Insiders hold 60% of shares
Now otc stock..
What a game

[Renee]

CRGE delisted from the Nasdaq to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[Jaxxm]

Let's see bounce from .025 still unlogical 57 milliondollars cash and 30 million dollars debt