Great Basin Scientific Inc. (fka GBSNQ)

[paidnonsense]

Vela buying everything including patents for $900,000

Subject to court approval, Vela Diagnostics is buying all property and patents for $900,000. No one (out of 22 potential buyers identified) was interested in keeping GBSN open. Most of the money goes to Hudson Bay Master Fund Ltd. while $150,000 is reserved for paying off creditors.

This is from court documents filed 5/18 - 5/22.

[Id StockUser]

Straight to L.A soon!!!!

[wickerman]

GBSN truly a dilution SCAM for the record books

[AISI304]

Imagine the debt and baggage. A titanic fail. No wonder why GBSN couldn't find a pre-BK buyer. Ashton drove GBSN into an ice field and sank it. Only $ would be from its product patents. The furniture and lab equipment are probably leased. Wonder when Ashton starts his next job. Lol.

[Id StockUser]

Top(#1,UNO)-class-CEO!-UP-50-yesterday!

[colmar]

Ashton bled this company like a stuck pig.

[71ss]

Joke company is done

[Id StockUser]

Hopefully-da-court-will-come-out-with-da-clean-chit-4-us-2-invest-again-with-them-in-their-new-businesses!

[paidnonsense]

Ashton, Rona and other execs among GBSN's creditors.

I just downloaded the latest court document which lists assets and liabilities. There are literally dozens if not hundreds of individuals listed who are owed thousands to tens of thousands of dollars. These are mostly people with Utah addresses. It's clear that these are unpaid employees. Company was run by such scumbags. Instead of laying people off when they had no money to pay them, they simply let them work for free.

Among the creditors are Ashton (owed $127,549.51), Rona (owed $97,537.90) and Sandra Nielson (owed $82,532.03).

Document was signed by Ashton as "Former President, CEO"

Funny thing I found in the list of creditors was a guy who used to work for me in the biotech field who we had to fire for falsifying data. I always wondered what happened to him.

[ranger_7]

The end is near - finally Ashton will stop ripping investors off. Glad to see this piece of shit gone.

[Id StockUser]

Rona,-Ashton-&-Sandra-will-get-us-the-SAMY-award again!IMO

[Id StockUser]

Rona-is-long-gone.-IMO-he-is-setting-up-the-next-big-thing.

[wickerman]

Easy! GBSNQ "CEO" ASSTON can drop dilution bomb #93!

[wickerman]

Can ASSTON afford the court fees? Call in Rona!

[Filterthenoise]

Can wait to read the judges words in this case. There is no sugarcoating the blatant disrespect for shareholders. This has to be the King

[Id StockUser]

Just-can't-wait-to-invest-more-$$$.-Thanks!-&-GL2U-&-Sandra!

[Id StockUser]

Be-strong-R-Ashton!-Just-let-us-know-ur-next-big-idea.

[Id StockUser]

Tough-Luck-with-this1-RA.-We-will-still-support-ur-next-big-Company!

[Id StockUser]

Weeeee Weeeeee Weeeeee Ryan Ahton!! LOL

[AISI304]

She was supposed to be hot...now she's NOT. CEO Ashton did a job on everybody at GBSN. Another fine example of a sleezy OTC CEO. Bet he already had his golden parachute packed and ready for the jump. Weeeeee.

[Id StockUser]

SANDRA!!!!What-happened-2-U-&-Ur-Sales-Team?-LOL

[Id StockUser]

Straight to Hollywood!!! No stopping!!!

[BRoberts1982]

Finally they shut this crap for stock down.

Executives got rich off the droves of "investors" that
were "Only throwing in some gambling money"

(IT WASN'T A GAMBLE, IT WAS OBVIOUS LOSING POSITION)

One down thousands more of these garbage companies to go.....

The CEO was laughing the entire time, cashing in hes nice paycheck on a regular basis.

[dandan2x72]

The End is near. Halleluah!!

[Id StockUser]

IMHO Bankruptcy filing should be free.

[Id StockUser]

Thank God! At least the gov will collect whopping $325!

[Id StockUser]

Lol..Must pay $325 to file bankruptcy. God bless!

[AISI304]

Mar. 5, 2018 GBSN filed Chapter 7 Bankruptcy: https://www.pacermonitor.com/public/case/23861103/Great_Basin_Scientific,_Inc

[paidnonsense]

Utah Bankruptcy Court case 18-21367

[Filterthenoise]

Chapter 7. That's a wrap.

[Filterthenoise]

Thanks link wont open. Is it Chapter 11 or 7?

[paidnonsense]

I didn't know what the Q was for either until I googled it. Bankruptcy isn't always a death knell (chapter 11). But small companies like this with no assets cannot reorganize. More info:

https://www.pacermonitor.com/public/case/23861103/Great_Basin_Scientific,_Inc

You can actually directly download information from the Utah bankruptcy court site, but you have to create an account. They charge $0.10/page, but if you get spend less than $20/quarter, they waive the fees.

The court docs are mostly not that informative, but I did find out they have 377 creditors.

[Filterthenoise]

I didn't realize the Q was for bankruptcy. Thanks.

[Filterthenoise]

Proof?

[paidnonsense]

If they had found a buyer, why would they be filing for chapter 7 (liquidation) bankruptcy?

[Filterthenoise]

The only news we need to know is if he found a buyer. If you slaughtered share holders they way he did you would be in hiding too.

[Viewmont]

I haven't yet found news on the added Q, why is the CEO hiding?

[Filterthenoise]

Hopefully a rich dip...

In all seriousness this drop was a gamblers gift. The biggest reason is their is currently no dilution occurring so it should atleast bounce (which already seem to be the case). Good chance this was just a "panic sell" off the added "Q" and may have just created a powerful double bottom. It could easily retrace back up to the 0.11 flatline until news.

Surely its a gamble and I expect to lose. Cmon its the infamous GBSN. But I see good reason to gamble here.

[dandan2x72]

You are the dip.. lol

[Filterthenoise]

Only a few jaded lurkers here. Kinda like an ex girlfriend on Facebook, you keeping peeking and yet you know one day she might be hot and you'll have to watch all the lucky guys she's making happy.

Saying that. I bought the dip lol

[Viewmont]

What happened to this board? No GBSNQ / News/followers left?

[AISI304]

GBSN(Q) gonna drop like a nasty lab sample this week. Ashton stunk up this stock a long time like a bad GBSN stool assay. Common shares will be washed down the GBSN toilet. Ashton won't even shed one tear.

[TenKay]

GBSN changed to GBSNQ

http://otce.finra.org/DLSymbolNameChanges

[angelo2112]

Yep watching closely here cause when they let her fly it’s going to literally fly! Nothing will slow this down it’s that thin past .20! Imho this sees 5.00++ in 2018

[buypumps]

Was Wondering Where This GBSN Ended At,traded this back on the Nasdaq years back for good positive coin. Would not touch again now that its in OTC.

[Id StockUser]

Top-Notch CEO!

[rmilman]

You can make money here. Just gotta watch the indicators of when the next reverse split is. Every time it splits the share price goes up for a few days to a week then falls. Trouble is the name change causes problems for the trading platforms so by the time the trading platform catches up with the name change the price has already dropped precipitously. GLTYA

[goodword88]

I already lost money. But how have they stabilized was the question given their sorted past.

[rmilman]

I hope you make money. Check the history.

[goodword88]

How has it been able to stabilize around .11-.13 for 2 months?