Nuvectra Corp. (fka NVTRQ)

[AWest80]

All, I just spoke to Marc Salitore, as I'm sure some of you have that reached out to him. Unless someone with actual knowledge or evidence of bad faith or wrong doing is willing to come forward they cannot move forward on the basis of hearsay.

If anyone can provide concrete evidence or has someone that's willing to talk to Mr. Salitore please reach out to him.

[hawkmd]

Good. Equity still in play. Let see if we get a miracle from now until April.

[hawkmd]

I believe the auction sale got postponed. So far no court documents.

[joseytheoutlawwales]

Although one of the filings spoke about a vote April 13, with final confirmation April 17th.

[joseytheoutlawwales]

Not sure.
I didn’t see any final confirmation.
Guess we will see on Monday?

[hawkmd]

Agree with the buying opportunities across the market. But the Auction Sale got postponed right??

So far no court document about it.

[joseytheoutlawwales]

Still watching, but I loaded Conoco Phillips in this plunge.
Adding HCA as well.

[JP8100]

No longer looking at this. This week has presented some awesome buying opportunities. I bought oil and airline stocks. Uwt just has been pummeled. Buffet bought dal. Aal paying 2% div.
Good luck nvtrq!

[joseytheoutlawwales]

No problem C.
When I first brought this one up, we certainly trended the direction I thought would last.
Management and outside issues from the product screwed that plan.

Oh well. Still above ground today, so it’s a good day.
And it’s sunny here in CO, so I’m taking my little one to the park.

[AmirD12]

Was it sold by 2.3 million? What they wanna do?

[Citrati]

Thanks for all your posts and help with processing information versus reality when too much reasoning heads the wrong way.

Best wishes on all your Trades.

[joseytheoutlawwales]

Did you not read any of the filings?

The entire company including all IP and assets for Virtis and Algovita are being sold; tentatively for only 2.3 million.

If that happens, there’s no reorg, nuvectra ceases to exist.
Essentially it’s nonexistent now.

[Egd777]

I think they have 120 days to file from when they applied for bk. So that’s next week I think.

[joseytheoutlawwales]

That would’ve denoted intelligence and calculated intent—neither of which the remaining nuvectra management possess.

[Egd777]

That’s too bad. I thought all along that they would reorganize and instead of using Integer they would use Cirtec for cheaper cost and continue manufacturing algovita.

[joseytheoutlawwales]

The TRADING. It was nothing. A few hundred bucks in shares.

I was suggesting your “somebody knows something” was unwarranted.

[Shackster13795]

Please explain in more detail? Are us equity owners getting pennies for our stocks? Where did you get the info?

[joseytheoutlawwales]

Don’t get excited. It’s literally a few hundred bucks.

[joseytheoutlawwales]

Nuvectra won’t be reorganizing

[Shackster13795]

I see some positive buying of NVTRQ happening now. Does anyone have positive news to share? Somebody must know something. Thanks!

[Shackster13795]

Hi Amir,

I have been sharing everything that I know and what I have learned through my research. I do not know anything about Canada Laws or Taxes.

[Egd777]

I had another chapter 11 stock (it was already chapter 11 when I got it) and they had a reorganization plan and cancelled old shares replacing them with some new shares so it wasn’t a total loss. Not sure about this here.

[hawkmd]

Me too. I’m waiting for the judge decision today....

[Egd777]

Sorry to see you go. I will wait until it gets cancelled. Good luck to you.

[AmirD12]

Thank you for your message, do you have a reference for this? Does it work in Canada?

[Shackster13795]

It is my understanding that if you sell your stocks before they are zero value you can only take $3000 per year as your loss each year until you recover all of your losses. If you wait until they are zero value you can take all your losses in the first year. Please check with your CPA or tax advisor to insure this is correct. I do not claim to be a tax specialist only sharing my research. Best of luck to all!

[joseytheoutlawwales]

Done

[Shackster13795]

Josey, can you email me at [e-mail] I want to have private email conversation with you. Thanks!

[ARanger51]

I'm sorry guys... I got out this morning at .04

I really didn't want to, but at this point I figured it would be best to salvage what I could from my initial investment and move on to something else. I was very fortunate to not be as exposed as I once was with only 12,729 shares (at one point this was a lot of money).

What happened here was CRIMINAL in my opinion and I hope you guys are successful in fighting this case and bring a HUGE class action lawsuit against Nuvectra management and their disgraceful handing of the company. I don't have the patience or lost enough for me to make hanging around worth my while.

Josey, thank you for all of your knowledge and the value you brought to the board. I'm thinking of you especially today as I know you are effected heavily by management's corruption. I hope this experience doesn't discourage you from investing and you plan to find a way to make up your losses (if not through a class action lawsuit). Hang in there, don't get too discouraged, and live to trade/invest another day...

Best of luck guys

$NVTRQ

[Shackster13795]

According to my research any publicly traded company’s that has went bankrupt was liquidated and the stock is zero valued creates a loss that is a 100% write off against any gross income you will be reporting. You can write off the entire loss in the year it occurs. But make sure that you have excellent records and screenshots of your losses in case the IRS challenges your filing. I am still holding long believing that the court will determine that the current bids are not in the best interest of everyone involved including those of us that own common stock. Good Luck to all!

[hawkmd]

Equity is not going to be cancel today. Equity will be cancel on the effective day. That date is yet to be announce. Probably by the first week of April unless the judge postpone the Sale until Virtis is approve.

[Shackster13795]

I wrote and voiced my objections to the DOJ and the BR Court again today. Everyone else should stop what your doing and do the same thing. We need this to go back to a bidding situation to get the purchase price up to an acceptable level.

[AWest80]

Sent my concerns and request to Marc. Not sure if it will help, but you don't know until you try.

[Shackster13795]

BR Court delay is highly likely Today. With the current objections of the unsecured attorneys and other unsecured parties I believe a delay in the final hearing is highly likely today.

[joseytheoutlawwales]

I spoke back and forth with him yesterday.

Just FYI and everybody here, Drees doesn’t want to step forward as he now just no longer wishes to be involved.

I mentioned the auction issue with him, and potentially larger bids, to the DOJ as well as the unsecured creditors legal reps.

We’ll see what happens.
I highly suggest screenshotting your current loss, as if we stop trading it will no longer reflect the loss.
I plan to write off the loss regardless with date of sale being 3/6! (If equity cancels today).

[ARanger51]

Big day here today, if we get a delay in the sale this could shoot up!

Proceedings begin at 10AM CST

I'll be watching the court filings close today...

$NVTRQ

[Shackster13795]

Contact the DOJ and the Court IMMEDIATELY! ALL NVTRQ Nuvectra shareholders should contact the DOJ to protect common stock shareholder’s investments. The NVTRQ contact at the DOJ is Marc Salitore - [e-mail] - It is VERY important that every shareholder reach out to him ASAP so the common stock shareholder equity interest in NVTRQ Nuvectra is adequately represented in Ch. 11 proceedings.

ALL NVTRQ Nuvectra shareholders should also contact the Bankruptcy Court to express any and all concerns with the unacceptable/criminal way this Chapter 11 case has been handled and your desire to protect your equity interests in your common stock shares of NVTRQ - Nuvectra.

http://www.kccllc.net/nuvectra/inquiry

#NVTRQ
$NVTRQ
$Nuvectra
#Nuvectra

[joseytheoutlawwales]

Not necessarily.
If any of the objections cause a delay or failure of the sale, or if Drees decides to come forward, or anything that drives up potential shareholder value occurs, then there is hope.

If the finalize tomorrow regardless of objections, at 2.3 million, then yes, all is lost.

[AmirD12]

When sale is done? You mean all hope is lost! We lost everything!

[joseytheoutlawwales]

No

[ARanger51]

Was he CEO when they filed Chapter 11 in November?

[joseytheoutlawwales]

He was the former CEO.

They said they refuse doing any business with him, “we won’t even entertain an offer”- is what he was told, and refused him taking part in the auction.

Well, when shareholders could’ve received $2 at least per share and now we’re just getting a fat ZERO, that’s criminal.

We’ve reached out to see if Scott wishes to come forward with this, as really only his direct word will be accepted as fact in this issue. He may simply be done with the whole thing, but he had over 200k shares and perhaps $10 million of his own money in NVTR.

It’s totally f-D.

[ARanger51]

And there has been no explanation as to why they wouldn’t sell to him?

Sorry for my ignorance, but what is/was Drees position with the company?

[joseytheoutlawwales]

Reportedly Drees had a group lined up willing to pay $50 million.

No lie.

What a F-d up world eh?

[ARanger51]

New filings out...

This one gives a run-down of the (Criminal) Events that took place during the auction...
http://www.kccllc.net/nuvectra/document/1943090200305000000000004

Boston Scientifics bid was $2.2 mil

Also,

14. In conjunction with the Successful Bid, the Debtor will seek to assume and assign to Cirtec Medical Corp. the License Agreement with Aleva Neurotherapeutics SA (the “Acquired Contract”).

[joseytheoutlawwales]

The equity in nuvectra will be canceled whenever the finale sale is done.
Which means no value.
You’ll still hold stock in the ticker shell, which could be bought and cleaned up sometime in the future.
But after the sale, as far as I understand it, nuvectra will forever cease to exist and the stock will no longer be traded.

[AmirD12]

Has anybody experienced BK stock before? Is it possible if they fix their product problems and start again?

The company will be closed? What are the chances if they start again!?

And after the result, the stock is still will be open and can we buy/sell the stock?

[Shackster13795]

Class Action Lawsuit is still a possibility. We can name everyone in the suit if they try to keep us from getting any equity. I think there are a lot of issues with this case that are criminal. If we find out the behind the scenes story there may be a lot more criminal behavior and perhaps money changing hands behind the scenes. The DOJ told me that they were watching this case very closely. I’m not convinced that they will step in to protect us. We may have to do it ourselves.

[joseytheoutlawwales]

I spoke with an intermediary, asked Drees to reach out.

[ARanger51]

Cant blame you on that one... I'm still holding here, but this outcome is not looking good.

Can't believe all that has unfolded in the past two weeks

STRAIGHT CRIMINAL