Support: 888-992-3836
|
NewsWire
|
Home
|
Login / Register
Boards
Stocks
Commodities
Forex
Cryptocurrency
The Lounge
Hot!
Breakout Boards
Follow Feed
iHub My Stocks Activity
Ticker Buzz Cloud
Most Read
Most Posted
Most Followed Members
Recent News
News By Market
Active Boards
Site Stats
New Boards
Cannabis Stocks
Top PlusOneCoin Posters
Tools
Data Tools >
Charts
Trader Alerts
Trades
Portfolio
Top Lists
Price & News Alerts
Commodities
NewsWire
More Tools >
Newsletters
InvestorsHub Daily
My Image Gallery
Advanced Search
Videos
All News
Stock Screener
News Filter
Live Charts
Live News
Live Desktop
Forex Prices
Commodities
ETF Center
Educational Channel
Follow Feed
News Scanner
Crypto
Top Cryptocurrencies
PLUS1 Info & Faucet
Top Tokens
New Cryptocurrencies
Mining Profit Calculator
Crypto Converter
Streamer
Level 2
Home
>
Boards
>
US OTC
>
Internet - Online Services
>
DigitalTown, Inc. (DGTW)
Add DGTW Price Alert
Hide Sticky
Hide Intro
Moderator:
stervc
,
Golden_Cross
,
reaper247
,
WorkinGreen
,
Boot Hill
,
trader59
Search This Board:
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003+
Last Post:
3/5/2021 4:57:23 PM
-
Followers:
263
- Board type:
Free
- Posts Today:
4
DigitalTown Inc.
OTC: DGTW
Updates pending.
Note from reaper247: Unfounded and false claims that DGTW is being promoted (pump and dump) made on the DGTW board and lower portion of the ibox, should be dismissed as buffoonery, until such time that those claims can be validated through publically verifiable information.
(Updated From Moderator: stervc)
https://www.otcmarkets.com/stock/DGTW/news/story?e&id=1696192
DigitalTown, Inc. to Use Voluntary Chapter 11 Process to Position Business for Long-Term Success
NEW WESTMINSTER, BC, Sept. 21, 2020 (GLOBE NEWSWIRE) -- DigitalTown, Inc. (OTC:
DGTW) (the “Company”) announces that the Company has
filed for relief under Chapter 11
of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Minnesota, St. Paul Division,
paving the way for business continuity, profitability and sustained growth in shareholder value.
Following the announcement of a
new management team
in May 2019, DigitalTown began
making substantial progress on their commitment of cleaning up the Company’s balance sheet and exploring opportunities that would bring value to the Company’s shareholders.
DigitalTown was successful in
converting over $2 million of debt into stock and structuring a go-forward plan with appropriate financing measures.
The plan’s execution was conditional on negotiating a
satisfactory resolution with its former CEO who had an active, previously disclosed lawsuit against the Company at that time.
DigitalTown’s various negotiation efforts were unsuccessful, leading to the granting of a summary judgment motion in favor of the Company’s former CEO due to the Company’s inability to access resources to formally defend itself.
Since that time, this same party has filed another lawsuit against the Company and has made hostile threats of additional suits against the Company as well as personal suits against directors and officers, unless management resigned and turned over control of the Company to him.
DigitalTown’s management has been working on a detailed plan for moving the Company forward and realizing value for shareholders and all stakeholders, and is prepared to execute on this plan after a successful reorganization.
In the absence of an alternate, genuine plan for the business clearly articulated by any other party, management would have considered it a breach of its fiduciary duty to turn the Company over to anyone to simply avoid the inconvenience of threatened, specious lawsuits.
“After careful consideration of all challenges and alternatives, we firmly believe that our Chapter 11 process represents the best long-term solution for DigitalTown to address its legal and liquidity challenges and to strengthen its operations for future growth and profitability,” said Sam Ciacco, CEO and Chairman of the Board of DigitalTown.
DigitalTown's approach to leveraging the benefits of Chapter 11 allows the Company to emerge with a healthy balance sheet and reorganize its debt and fairly treating creditors,
while ensuring existing shareholders retain their equity stakes
.
Management decided on this preferred alternative to a Chapter 7 Bankruptcy in which the positions of DigitalTown’s creditors and shareholders positions would be entirely lost. This remains a possible outcome should the Company’s plan be obstructed in some way.
DigitalTown’s board and management is appreciative of the support and endorsements received to date from so many of its stakeholders.
About DigitalTown
Founded in 1982, DigitalTown has serviced various sectors from sports to computer training to computer hardware and software. DigitalTown develops turn-key hosted solutions for economic development, civic engagement and digital inclusion platforms for both web and mobile devices, improving the quality of life for residents and visitors in cities around the world.
Contact:
Sam Ciacco
CEO
communication@digitaltown.com
425-577-7766
__________________________________________________________
This company filed for bankruptcy on September 8, 2020, then PR'd it on September 21, 2020.
Filing for bankruptcy says $2501 in assets, $3.5M in unsecured claims.
You heard that right, this company with 2.9B shares in its O/S has $2501 in assets and $3.5M in unsecured claims.
They are severely delinquent in their financials, the last ones published showed ZERO Revenue.
The stock has traded at a PPS of $0.0001 for over a year. Nothing about going bankrupt makes this company more valuable. Nothing about the company saying they'll leave the stock standing makes it worth more than it was for the year leading up to the bankrutcy filing.
The RS they wanted to do so they could dump more stock was denied.
This is a pump and dump, another Q stock bagholder's exchange program. And, yes, they'll get their Q once FINRA learns of the bankruptcy.
DGTW
Current Price
Volume:
Bid
Ask
Day's Range
DGTW Detailed Quote
1D
1M
2M
3M
6M
1Y
2Y
3Y
5Y
Post New Msg
Follow Board
My Stocks (45)
Hide Intro
View Posters
DGTW Poststream
Bans (1)
Hide Quote
Filter Disabled
Post
Subject
#13396
BOOOM! $DGTW
SubV eligibility has now been posted
Dutch
02/11/21 06:44:23 AM
#12999
This company has no business operations, no employees
trader59
02/07/21 04:15:15 PM
#12440
According to our DD, the judge will grant
Porteño
01/26/21 08:45:26 AM
#10712
dipANDrip, with this huge DGTW Judge Approval tweet...
stervc
12/23/20 09:24:43 AM
#7716
DGTW Common Shares Remain Intact & Much More Intel...
stervc
11/24/20 09:06:47 AM
#13751
Definitely consolidation ace! We moved well beyond that
benjimane
03/05/21 04:57:23 PM
#13750
Bottom consolidation IMO
Ivegotanace2
03/05/21 10:08:55 AM
#13749
Bottom feeder Mega Bounce imminent ;-)
Ivegotanace2
03/05/21 08:47:55 AM
#13748
Good to see ya Penny2Dime.
reaper247
03/05/21 12:56:59 AM
#13747
Possible bottom at.0014? Hope so because are
benjimane
03/04/21 11:15:30 PM
#13746
Looks great Now ;-) .0014 was definitely the bottom!
Ivegotanace2
03/04/21 10:29:11 PM
#13745
Hey Reaper, Any idea what’s going on here?!
Penny2Dime
03/04/21 10:22:41 PM
#13744
I just want a good down payment on
frenchdip3
03/04/21 08:23:23 PM
#13743
Missed my .0009 order yesterday on hcmc... ready
frenchdip3
03/04/21 08:18:55 PM
#13742
Come on .0009 before PR....
frenchdip3
03/04/21 08:17:29 PM
#13741
Honestly I don’t have a clue why they
Capitalvaluetrade
03/04/21 07:40:07 PM
#13740
Maybe .0009. Definitely great buying op if you
Natureboy1
03/04/21 07:01:39 PM
#13739
Agree! Gooo DGTW!
benjimane
03/04/21 06:06:40 PM
#13738
Tons of Pacer activity today. Possibly another update?
nbooch
03/04/21 03:18:54 PM
#13737
It's all red for the past 2 weeks everywhere...
Papaul21
03/04/21 12:46:20 PM
#13736
Agree
jbnavy
03/04/21 12:22:28 PM
#13735
Judging by the entire market, patience might be
kingBach
03/04/21 11:51:00 AM
#13733
Stuck....how low can it go
kingBach
03/04/21 10:39:37 AM
#13732
.0014 Bid ??? Wow
Ivegotanace2
03/04/21 10:34:01 AM
#13731
I'm far from an expert but I don't
kingBach
03/04/21 10:16:57 AM
#13730
Looking good
jbnavy
03/04/21 10:08:20 AM
#13729
They do whatever they want!!
Penny2Dime
03/04/21 09:33:29 AM
#13728
CURVE BALL COMING?
Web76
03/03/21 05:29:30 PM
#13727
Day will come and it will be postponed
doingfine
03/03/21 03:06:18 PM
#13726
Sounds like a plan to me!! WOOOOOOOOO!! LETS
benjimane
03/03/21 02:46:37 PM
#13725
Its not the POR date, company's text yesterday
NorthShoreTrading
03/03/21 02:40:00 PM
#13724
The only thing left to do here is
Natureboy1
03/03/21 01:23:29 PM
#13723
That is the POR date. Because they need
MASTERULTRA
03/03/21 10:34:59 AM
#13722
DigitalTown @Digi_Town · 17h The courts have now scheduled a Status Conferen
Opachki
03/03/21 09:01:37 AM
#13721
BINGO!!! POR COMINGGGGG! NO BRAINER! Judicial system can't
benjimane
03/02/21 10:39:33 PM
#13720
I thought it could be when the wall
kingBach
03/02/21 09:59:12 PM
#13719
So why have a court date March 18th?
NorthShoreTrading
03/02/21 09:55:01 PM
#13718
Hard to say considering Courts have already approved
SharpsMillions
03/02/21 09:45:40 PM
#13716
Yes, that is correct.
trader59
03/02/21 08:53:16 PM
#13715
This baby will be back to Copper sooner
texaschris22
03/02/21 06:29:47 PM
#13714
The $5m funding...
Web76
03/02/21 05:06:21 PM
#13713
Well I guess we will NOT hear of
NorthShoreTrading
03/02/21 03:40:17 PM
#13712
Explains the dead silent volume
SharpsMillions
03/02/21 03:35:23 PM
#13711
Thinking that's not the POR court date
NorthShoreTrading
03/02/21 03:24:00 PM
#13710
Right, now it needs to move to the
SharpsMillions
03/02/21 03:18:13 PM
#13709
Correct, this stock will NOT be halted. Up
nbooch
03/02/21 03:14:46 PM
#13708
Why hasn’t the company announced anything on their
kingBach
03/02/21 03:12:00 PM
#13707
So I guess this one can come off
sirius22
03/02/21 03:09:45 PM
#13706
Great news
SharpsMillions
03/02/21 03:07:00 PM
#13705
$DGTW Notice of Status Conference scheduled 3/18 posted
nbooch
03/02/21 02:52:04 PM
#13704
$DGTW Notice of Status Conference scheduled 3/18 posted
nbooch
03/02/21 02:52:01 PM
#13703
Yep that's what I'm thinking although its good
sirius22
03/02/21 10:52:15 AM
#13702
DGTW once this .0028 wall falls it’s go time
Longer Than Most
03/02/21 10:50:38 AM
#13701
Well slow and steady is the jam here
sirius22
03/02/21 10:47:48 AM
#13700
That's exactly what in doing Penny! Accumulating the
benjimane
03/01/21 03:36:10 PM
Post
Subject
Post New Msg
Follow Board
My Stocks (45)
Hide Intro
View Posters
DGTW Poststream
Bans (1)
Hide Quote
Filter Disabled
Balance Available:
0
Get FREE PlusOneCoins!
© 2021 InvestorsHub.com, Inc.
Consent Preferences