Cyxtera Technologies Inc (fka CYXTQ)

[Huggy Bear]

May want to consider changing brokers.

[yahsi]

The company has changed hands, will be rebranded and traded OTC. How is it cancelled? The brokerage firm says you will get your money multiplied. What is your source?

[Huggy Bear]

They were canceled -they don't exist any longer.

[yahsi]

So all the shares I bought went for free?

[Huggy Bear]

It's over. All common shares were canceled.

[yahsi]

what is the bk plan

[yahsi]

Hello my friend
CYXTQ OTC
When will it be processed?
How much money does it start with?

[Huggy Bear]

Did you enjoy losing everything o wise one?

[Huggy Bear]

Potential to lose everything, which is what happens in the real world.

[Huggy Bear]

Thanks Renee.

[Renee]

CYXTQ: BK PLAN effective. All shares cancelled.

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

[MatrixMoney]

Like the 10th otc I just completely got wiped out in

[misterfishman]

This one is done move on folks.

[Huggy Bear]

Another winner. Pure genius.

[Huggy Bear]

Looks great huh?

[Cadams05]

Brookfield To Acquire Substantially All Of Cyxtera's Assets For $775M $BIP

[pinkslipjunkie]

I would still like to know what all has happened...was the auction ever settled?

[misterfishman]

the fat lady has sung peeps time to sell for taxes and run for the hills.

[misterfishman]

No I am glad I got out long ago with my shirt still on my back.

[Huggy Bear]

You expect something different?

[misterfishman]

Wow this one collapse completely.

[misterfishman]

Wow this one collapse completely.

[pinkslipjunkie]

Sure does not look that way.

[Bobs6972]

Must not have been a good outcome.

[pinkslipjunkie]

So what was the outcome of the auction?

[Huggy Bear]

We're all watching, even though the circus left town.

[pinkslipjunkie]

Still watching this one just to see what happens when the successful bidder is announced I think on Sept 28 on the court hearing...I think that is the date....will it be good for those who dared to hold...will their shares go ZOOOOM!...or will they vanish from their accounts?

[Bobs6972]

Seeing a little action here today.

[m0n]

KaPLuNK!!! EOM

[Huggy Bear]

There she blows Golden Cretin.

[nathanial]

Another extension to January 24, 2024 just came down yesterday.

[Golden Cross]

Held gains well after the delisting

[Huggy Bear]

Correct. Dead Stock Walking.

The front loaded pros are out.

[m0n]

BIOAQ 2.0 IMO EOM

[m0n]

Precisely, bidders choosing what they want to purchase from the new equity interest.

Imagine bidding on assets and no liabilities.

Plus, Cyxtera only owns two data centers.

[trader59]

Company tried to sell itself pre-bankruptcy, didn’t work out. Vultures only now.

[Price1]

Time will tell…a short time too. There are multiple bidders. Way crazier things have happened than a $700M revenue business being bid up by competitors wanting to be bigger in the space. In this case a business with a lot of upside. Still a big risk. There is Potential though.

[trader59]

You mean the FAQ's they published when they entered bankruptcy? When they didn't know where they were headed?
Now they do. There isn't a snowball's chance in hades they'll get a bid that will cover all the debt and have leftovers for the current common shareholders. That's why the plan says to cancel the stock.

[Price1]

That’s in the restructuring plan, to cancel the stock, yes. But not in the sale plan. Read the q&a for common stock shareholders. It says so clearly.

[trader59]

The common stock is being cancelled. It's in the plan and that's what will happen.

[Price1]

Cyxtera auction pushed to 8/30. Per filing, company has received ‘multiple bids’ and they need more time to evaluate them.

$CYXTQ still very high risk. But potentially huge reward here.

https://www.kccllc.net/cyxtera/document/2314853230822000000000011

[m0n]

Keep on Pumping Big Boy, you ll get there

[mess124]

You can lead a horse to water, but

you can't make them drink!

[Golden Cross]

Then you hate yourself

[m0n]

LoL F’ing Hilarious

[Huggy Bear]

Something like that. There's a lot of scamming going on, always.

[Xecutive1]

16 posts a day 7 days a week for 14 years.

[Huggy Bear]

I don't like con artists.

[Xecutive1]

At the end of the day why do you care. I don't care about making other peoples money for them. They should not be trading if the are not aware of there surroundings. We learned that when we were kids. I agree pumpers and bashers should both be locked up. If you don't do your own homework then you shouldn't be market.

[Huggy Bear]

The common shares will be canceled, rendering all investment lost. That does not look good on paper and certainly will not in everyone's stock accounts that fell for the snake oil hawked by straight up con artists.