Liquid Holdings Group Inc (LIQDQ)

[m0n]

Volume alert lol

[JPL1868]

Interesting volume today

[Rainer]

Well wasn’t a lot of volume but it’s so thin. We’ll see.

[JPL1868]

Interesting. I wanted to jump in but the volume alert didn’t cane just before the market closed.

[Rainer]

http://archive.fast-edgar.com//20180207/AFZ2M22CZ222V2Z2222A22ZXM8S6NQ2762A2/

[Ivegotanace2]

Looks like a Stinky pinky with no investors here LOL

[TheFinalCD]

wow

[Sonic Boom]

What going on here?

[DJPennyTrader]

new 52 highs on big vol for this ticker, may test .01

[Fugu]

Grabbed some .003s for the quickie

[yankees18]

What's up

[cainvestment]

What is going on here? 1.76M today

[OTC_Honey_Badger]

https://www.barchart.com/stocks/quotes/LIQDQ/opinion

[snapped]

Nice!!!

[OTC_Honey_Badger]

Wall at 0035 gone :)

[OTC_Honey_Badger]

Absolutely agree

[snapped]

I think once that .0035 wall falls then this will go quick $LIQDQ

[OTC_Honey_Badger]

http://www.law360.com/articles/857977/liquid-holdings-ipo-underwriters-want-shareholder-suit-gone

[OTC_Honey_Badger]

Time to start chipping down the wall

[OTC_Honey_Badger]

Yup saw that too

[snapped]

I'm looking for pennies next week on this! ??. $LIQDQ

[FIERCE]

$7,000 at .0035 will do nicely??

[V1nc3]

Defendant Liquid Holding's Motion to Dismiss (Mot. Seq. 003) is also adjourned to September 1, 2016 at 10:00 am.

[threewheeler]

any clue here, big mover dont see anything

[darrell00]

Is something up? Volume spiked with large blocks.

[TheFinalCD]

wow= http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121561900


you have a link?

[Protocola]

LIQDQ changed to Chapter 7 Liquidation Holdings Group, Inc.
Last one out turn on gas, light match & run like the devil.!!!!!!

[TheFinalCD]

On February 8, 2016, the Debtors filed a motion with the Bankruptcy Court seeking to convert their Chapter 11 cases to cases under Chapter 7 of the Bankruptcy Code and initiate an orderly liquidation of the Company’s assets in accordance with the Bankruptcy Code.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11169640

Item 1.03 Bankruptcy or Receivership.

Liquid Holdings Group, Inc. (the “Company”) previously reported that, on January 27, 2016, the Company and its subsidiary, Liquid Prime Holdings, LLC (collectively, the “Debtors”), filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

On February 8, 2016, the Debtors filed a motion with the Bankruptcy Court seeking to convert their Chapter 11 cases to cases under Chapter 7 of the Bankruptcy Code and initiate an orderly liquidation of the Company’s assets in accordance with the Bankruptcy Code. A hearing on the motion is scheduled for February 29, 2016. Assuming the motion is granted, a Chapter 7 trustee will be appointed by the Bankruptcy Court and will assume control of the Debtors. The Company’s board of directors, after spending considerable time and effort attempting to pursue strategic alternatives, concluded that the Chapter 7 conversion was the only viable alternative available to the Company.

Item 2.05 Costs Associated with Exit or Disposal Activities.

On February 5, 2016, the Company reduced its workforce by 17 employees, or 68% of the Company’s total workforce. No severance payments were offered or made. The Company also notified the contractors comprising the bulk of the Company’s development team that their services were no longer needed (and a motion to reject the pertinent agreements as of February 5, 2016 has been filed in the Bankruptcy Court). At the time of filing this Current Report on Form 8-K, the Company is unable to determine estimates of amounts expected to be incurred in connection with these restructuring actions.

[Renee]

LIQD changed to LIQDQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

[BaGr]

True

[flattire69]

The BK is here just as I thought. Not much left in her now. Still don't know what Kent is doing here. This will wipe out existing shareholders.

[pyramide3465]

I think exactly the same

[flattire69]

At their current cash burn rate, I can only see a BK in their future. I haven't sold any shares yet and am sitting on a huge loss only because I was thinking as you are. I figured once my loss was where it is, I was going to ride this pos to the bottom and save it for a nice tax break. I would love nothing more for this to reverse, but I just don't see it happening. Being wrong would be a nice thing. GLTU

[BaGr]

I took my loss but believe this could be a real money maker in the future. The one positive I see is Peter Kent. He didn't have to take this job and could be somewhere a lot better. I think the previous management was as crooked as could be. I think Peter was brought in to turn this around because it has potential. This is not you average penny stock scam just selling shares. I will get back in long after my 30 days. At what price I'm not sure.

[flattire69]

But really...what does anyone think can happen at this point that could be spun as a positive? I've tried, and failed, to come up with anything, fictional or not, as to how this could work out to the benefit of existing shareholders.

[pyramide3465]

losses realized

[The Night Stalker]

on radar

[king koopa]

Bought a small lotto ticket here at .011 haha!

[Lone Wolf]

I'll have to look for it again, but sounds like we're in the same page still...17mil end of March. 12 mil end of June. 7 mil end of September. So they are burning through 5 mil a Q.

[flattire69]

The latest filing I've seen is the 8K out Dec 1. In it it shows that the company had 12 million cash and 15 million total assets as of June 30th. Where are you seeing 7 million cash?

[Lone Wolf]

Cautionary Footnote- Company had 17 mil in cash / cash equivalents ending Mar 2015. What the heck did they do with 10mil while winding down operations? Can't imagine it all went to restructuring-related compensation...and how much of that 6.7 mil remains after that Sept. 2015 Q. Maybe reason accounting firm no longer available? Hmmm...

[Lone Wolf]

Possible. Cease operations with 7mil in the bank to partially finance a take-over. I like it. Shame they lost their auditor. Would have been headed toward 'clean shell with cash' status....ala KBIO. Watching.

[darrell00]

I sure in the hell hope so. Damn time we make some money.

[BaGr]

Would not surprise me with Peter Kents background.


http://www.wallstreetandtech.com/trading-technology/eladian-closure-an-ominous-sign-for-high-frequency-trading/d/d-id/1267150?

Closure an Ominous Sign for High-Frequency Trading

The firm appeared to want to expand into other asset classes but was brought down by the drastic slowdown in equities trading volume.
The struggles of high-frequency trading firms were underscored today by the closure of Eladian Partners , a computerized trading firm, which succumbed to the slowdown in equity markets.

The closure is further evidence that the downturn in stock trading volumes is eroding the profits of high-frequency trading firms , which rely on rapid buying, selling, and rebates to generate revenues.

But this closure is also significant since the firm's founders are Steve Swanson and Peter Kent, the creators of Automated Trading Desk LLC, a pioneer in sophisticated computerized trading and electronic market making. ATD was sold to Citigroup for $680 million in 2007, to expand the bank's use of its technology to algorithms for equity trading on exchanges and dark pools. Swanson was chief executive of ATD, while Kent was chief financial officer.

After the acquisition, Swanson and Kent stayed on at Citi until 2010 to help the firm integrate the companies' technologies. But they eventually left the financial services behemoth to start their own electronic trading venture. In May 2011, Swanson told me that Eladian Partners would focus on executing multiple asset classes.u

At that time, Swanson was keeping an eye on regulatory changes and mentioned that authorities would require trades across a range of asset classes be centrally cleared. He noted that the next logical step for such instruments would be for them to be traded electronically on exchanges.

The term Eladian in Latin means — "to transform with expertise." Shortly after the launch, Swanson spoke to Wall Street & Technology about the upstart firm's plans, and said they would go after retail and institutional customer flows across assets classes.

From Wall Street & Technology's Top Innovators:

We're in the early stages; we're building the team right now," he reports, beaming with excitement over the next phase of his career. "We think we can transform those asset classes with expertise, having lived through it before.
The firm also attracted capital from private-equity firm Technology Crossover Ventures, which it planned to use to trade stocks and other securities, according to The Wall Street Journal.

Then why did Eladian pull the plug so soon?

Apparently, the firm, which grew to more than 50 employees and had offices in New York, London and South Carolina, underestimated the shrinkage in U.S. equity trading volumes, which has steadily declined for the past four years.

Today's Times story reports that Eladian was focused on buying and selling stocks and exchange traded funds.

As the industry faces a slow down, it's become more difficult for high speed trading firms to thrive on lower volumes, while paying for super fast data feeds, telecom lines and other infrastructure that's required.

On Monday, Rosenblatt Securities estimated that HFT firms would earn no more than $1.25 billion in profits this year, down 35 percent from last year and 64 percent beneath a peak of about $4.9 billion in 2009.

While it's not clear why Eladian decided to close up shop rather than continue to weather the storm, it's a bit ominous for other high-frequency trading firms that are facing similar headwinds and profit pressures.

[mgland]

IN this. Another KBIO? from the NT-Q......
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? x Yes ¨ No



If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.



The Company expects to report a net loss of approximately $5.2 million for the quarter ended September 30, 2015 compared to a net loss of approximately $8.1 million for the quarter ended September 30, 2014. The Company believes that the decrease in its net loss is due primarily to lower operating expenses, particularly in compensation expense and depreciation and amortization expense, offset, in part, by a decrease in revenues. Compensation expense decreased as a result of lower overall headcount due to the Company’s reorganization of operations in July 2015 as well as lower share-based compensation expense. Depreciation and amortization expense decreased due to the full impairment of the Company’s software and trading platform in the fourth quarter of 2014 which resulted in no amortization charge for these assets during the three months ended September 30, 2015. Revenue declined significantly as a result of the Company losing its largest customer in the fourth quarter of 2014. The Company also expects to report a cash and cash equivalents balance of approximately $6.8 million as of September 30, 2015.

[pyramide3465]

now

[pyramide3465]

Major Short Squeeze Coming ?

[EndWorld]

That 100% jump is promising. Hopefully 0.05 is next.

[pyramide3465]

post-purchase Phase:
news of the financial?
as soon as possible

[willlbone]

LIQD will be drained by Lawsuits.