Cubic Energy, Inc. (fka CBNRQ)

[Hawkeye_tt]

Close the Door......

[Renee]

CBNRQ: Bankruptcy PLAN effective. All shares cancelled.

http://otce.finra.org/DLDeletions

[integral]

$35 oil is not helping matters.

[Hawkeye_tt]

After a long wait, Calvin has written the Final Chapter here.
As thought for some time..... a write off !

[integral]

I saw the debt to equity swap proposal. You are right, they will cancel the current equity. $0.0001 is better than cxl.

[Renee]

Todays SC 13 filing essentially gives the debt holders equity that will be the only surviving equity.

Looks like a pre-packaged BK PLAN that the BK Judge will be compelled to approve. Current retail equity will surely be cancelled because current equity would be burdensome to the PLAN being approved.

[Renee]

Todays SC 13 filing essentially gives the debt holders equity that will be the only surviving equity.

Looks like a pre-packaged BK PLAN that the BK Judge will be compelled to approve. Current retail equity will surely be cancelled because current equity would be burdensome to the PLAN being approved.

[integral]

Bummer, they negotiated a deal where the debt holders will become the equity holders. Bye bye current shareholders. Hello new shareholders.

[Renee]

CBNR: effective Dec. 15,2015 CBNR will change to CBNRQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

[DJPennyTrader]

Got some here..... skpo v 2???

[TechKim]

Will BK be the ultimate with closure of the company is probably the most direct question anyone might ask at this time.

Not paying that royalty from the Chesapeake HA RA SAO; Soaring Ridge 15-15-15 Well appears to be the most serious. As the money was there and the opportunity to pay that money was once available in my opinion.

That previous post actually answers any real questions I might of had in hoping this company would pull it together.

.........holding onto a thread of hope does not seem real, for the moment.


OPINION only.

[scoobydooby]

Is this company dead

[Hawkeye_tt]

CLUNK !

[sekt]

Ugly 8k posted on the 28th August

Item 8.01 Other Events.

As previously disclosed by Cubic Energy, Inc. (the “Company”), a lawsuit was filed on or about June 15, 2010, against the Company and other named defendants (collectively, the “Defendants”) in the 1st Judicial District Court, Caddo Parish, Louisiana, Case No. 541-768-A. This lawsuit alleged that all or part of the mineral lease granted by Gloria’s Ranch, L.L.C. (“Plaintiff”) on September 17, 2004 has lapsed, and sought a finding that the mineral lease has lapsed, damages, attorney fees, and other equitable relief. A trial was held in March 2015.

On August 24, 2015, the court ruled in favor of Plaintiff, against the Defendants, solidarily, declaring that the oil, gas and mineral lease granted by Plaintiff expired and is cancelled. In addition, judgment was rendered in favor of Plaintiff against the Defendants, solidarily, awarding to Plaintiff the following amounts:

1. $22,806,000.00 for lost leasing opportunity, with legal interest thereon from March 5, 2010;

2. $242,029.26 for unpaid royalty from the Chesapeake HA RA SAO; Soaring Ridge 15-15-15 Well, with legal interest from the date of production;

3. $484,058.52 as penalty for failure to pay royalty from the Chesapeake HA RA SAO; Soaring Ridge 15-15-15 Well, with legal interest thereon from the date of the judgment;

4. $925,603.00 for Plaintiff’s pre-trial attorney’s fees and expert costs with legal interest thereon from the date of the judgment; and

5. $11,200.00 for attorney’s fees incurred by Plaintiff during trial with legal interest thereon from the date of the judgment.

In addition, all court costs were assessed against Defendants, in solido.

The Company is assessing its alternatives with respect to the judgment including seeking relief through possible appeals based on fact and procedural issues. The Company has not made a decision regarding its alternatives.

[Hawkeye_tt]

By Who ??

[sekt]

Hmmm interesting. Bounce coming in the next few days?

[Hawkeye_tt]

Why ? Calvin taking some action now ?

Hawk

[Roy London]

cbnr on watch

[$hellKing]

As soon as you sell someone will run it to .10+.

[Lambo917]

I got some responds from them . They say they will release a next pick last Friday( which is BS) cuz all of the free subscribers didn't get their email . Nothing since then .

[PeterRock]

Here too but I did not sell yet. Down 55%. I think the company make money and this was not a usual pick for them. APS has not responded to any of my emails.

[Lambo917]

Lol My boat sank 60k on stocktips n APS pick. Can't even get a house anymore . Fuking promo screwed me up bad . Enough said . Only God can help me now

[freebies]

i think "WE ARE NOT COMPENSATED" is the magic here. APS fuc%ed up everyone on this including their premiums. come on APS give us a break. i need it now right now.

jmho

[freebies]

i am in the same boat my friend. 6 months premium membership comes with a loss of $5k hope their next pick a ten baggr and i want it now.

hope aps is listening

jmho

[PeterRock]

Agree

[Lambo917]

I just hope they redeem themselves n give me a real good pick on the next one

[Lambo917]

I just go to their site n put in my email. They sent me an confirmation email right after. Usually if u already signed up n if u try to subscribe again they will tell u that u already signed up . But in this case, I got a confirmation email.
So I figured something is wrong with their site.!!
Nope as premium member I ain't got nothing but a fake ass pick that cost me 15k in few hours

[PeterRock]

re-subscribe? How is that done. Do you have access to the web site as a premium member? I am Premium and seen to get nothing.

[Lambo917]

Something is wrong with their site . I had to re-subscribe again . That's y many subscribers didn't get the last pick . Which screwed me big time.
Regarding the premium. I got the email on Monday at 9:45 without any notice.
That is not what I paid for .

[PeterRock]

I have not received any mail from them since the last pick and that mail was only after I contacted them due to seeing the Free email sent. Let me know if you get any mail. I was looking for the 3:30 pick to get in early as they stated.

[Lambo917]

What a scam! I just hope they release the next pick that can make some of money back . I'm down so much . Thinking about giving up promo

[PeterRock]

Same here. Since I signed up I have not received anything. They say on the site cancel anytime so they better live up to this.

[Lambo917]

Has anyone Hear from APS . I emailed them trying to get a refund, but nothing from them

[HarveyWallbanger]

I didn't buy into this one. It's a good thing, too. A friend of mine checked the "new APS" out. The same outfit that owns APS also owns Stocktips. Interesting, huh? I lost almost a grand with the last stoctips pick. I'm done with both of these websites, which are really one, and the same. But live and learn. Overall, I made more money than I lost, so I've quit while I'm still ahead. I can't really complain though. At least my house is now paid off.

[ClearlyStocks]

Impressive because not .0001 yet. Haha. Total scam

[ClearlyStocks]

Wow! Impressive bid and ask now

[figjtrader]

the market is rigged

[Lambo917]

Yea got fucked bad on this n last stocktips pick

[figjtrader]

Looks like people got whacked with shit today

[Lambo917]

Yea I think I'm gonna try that too . I don't think they will keep this . But who knows . Let's hope they do keep it

[PeterRock]

Lambo, I have the same issues. I need to find out what APS's refund policy is and I may cancel. I still hope the keep this pick and pick in the AM.

[Lambo917]

Yup I sure did. Paid for the fuking premium n got screwed up bad . Idk how I should feel or do . Last stocktips made me loss 35k fuck this promo shit . I'm so bad luck with life

[PeterRock]

They could pump this at 9:30 tomorrow. I am in for alot too.

[ClearlyStocks]

Ouch. Sorry bro. You own 1/3 of today's volume. Ouch.

Just cut losses small. This is a 1 day play as per their email. Might go much lower

[Lambo917]

I bought 500 k shares now I can't even sell it . Down 50% they fucked me up bad . Can't blame no one but myself. Guess I'm out of money n done with promo

[ClearlyStocks]

Because they said its a 1 day play. Very shady. Plus, way to many Diluters were on ask.

[Lambo917]

Something is not right! Y the volume is so low. The last pick was millions within an hour. Did ppl not get the email or what

[Lambo917]

Are u premium member?

[ClearlyStocks]

99% of all buyers lost money thanks to fake APS

[ClearlyStocks]

Looks more like a dilution play