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Thanks for the info, trader59. A penny is better than nuthin'.
Need to consider that the shareholders take the least risk, as they are free to sell their stock in the public markets anytime they want. Creditors can't do that.
Former shareholders will get a penny a share, according to this:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1596946/000143774923017339/qtntq20230605_8k.htm
It was trading at 4 cents when cancelled. Standard bankruptcy re-org, got new financing, and those financiers and other creditors now own the majority of the company.
Here is the EDGAR link for Quotient Ltd. Lots of filings and todays filing is a revocation of registration.
The answers you want are likely in one of the many filings. Happy hunting,
EDGAR:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001596946&owner=include&count=40&hidefilings=0
New Symbol?
Renee, are the newly issued shares trading? Do you know the symbol for the new shares? Thank you for your reply.
The BK PLAN asked the BK Court to cancel the equity (the shares) so it is evident the shareholders get nothing from the BK Reorganization.
It's not right, but that's the U.S. bankruptcy laws that place shareholders as the very last to receive any compensation if there is any left. Secured Creditors get most of protection, and the company's entitlement to survive receives the next protection. Unsecured Creditors come in third place. Preferred shareholders, if any, come in 4th place, and common shareholders come in last place, usually losing their entire investment.
What happened to the shareholders who still have shares in QTNTQ?
QTNT: effective June 12,2023 BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
The Proxy says All QTNTQ commons will be Wiped Out! Then, some blinds or fools are buying it?
$QTNTQ..SIMPQ Type Play...Posted DD On Twitter
SIMPQ Ran from .O2 To 3.85 (Single Day)
If our shareholders approve the proposed Merger and the Board effects the implementation steps memo as set out in the TSA (the "implementation steps memo"), the effect of the Merger in accordance with the implementation steps memo will result in each shareholder of the Company (other than Quotient Holdings Finance Company Limited), whose name appears on the register of members of the Company, receiving a payment consideration of $0.01 for each share held (save for MergerCo whose Ordinary Shares and Preference Shares in Quotient Limited will be cancelled for no consideration) and each share subsequently cancelled in order to relieve the shareholders of the Company from any potential liability in the Company's winding up
I checked their website but did not see any info about that...
Shareholders must read the PLAN of Reorganization to know what the intended outcomes are for the common shares.
Go to the company's website and the PLAN should be there for the public.
Can someone explain in a few words about the voting? What is for the shareholder if approved? Thanks
Effective Jan. 12,2023 QTNTF will change to QTNTQ, bankruptcy.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
QTNT changed to QTNTF. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
I want to thank the numb nuts end of day last 30m's shorters, and in the red end of day flip bagger sellers from yesterday,that gave me fills below $0.28 and as low as $0.225, it was a blast squeezing you guys out today at $0.62 sell fill.
$QTNT: YYYYaaaaaaaaaaaaasssssssssssssss..... taps $0.64
How u like dem apppplessssssssssssss
GO $QTNT
$QTNT: MarketCap only $850k but Sales of $37.6Milly
And the already have $28Mill Cash on Hand......... this is trading well below even Cash Levels.
Go figure......... the shareprice is upside down.
Onl 3.2Milly float as well.
Don't see why this cant make it over $5sh.... i mean, $4Milly MarketCap seems very
very veryyyyyyyyyyyyyyy conseervative still.
Goldman had a $5 target it on last year so this is definitely a strong SHORT SQUEEZE
candidate here at under $0.50
GO $QTNT
QTNT: Deja vu, all over AGAIN????
Bad news ! Then good news
Nice chart and it's already pass 100% .64 would have fill the gap....NICE Catch. Very Nice.
congratulations my scanner did not show this until I refreshed. Seem I have some tweaking to do. The move was @10:30....NICE
$QTNT: Taps 0.60........... rollllllllll baby
SHe's rolling today for sure.
LOVE IT
$TMNA is NEXT
GO $QTNT
$QTNT: Now 0.53.......... blazzinggggggggggg
Doin the DCB dance here.......... that chart was due for one
GO $QTNT
$QTNT: BOOOOommmmmmmmmmmm........ BREAKOUT BABY, now 0.47
WOW.... now that was a MONSTER MOVE there from 0.20
$TMNA is NEXT
GO $QTNT
Still waiting for R/S.
QTNT
Merry Christmas $$$$)))))))) .90 1.35
Beat earnings $$$$$$:) .08
Quotient expects to report reagent business generated product sales of $9.8 million in the fourth quarter of fiscal 2022 and full fiscal year 2022 revenue of $38.5 million. The Company recently secured $1.4 million of orders in the first quarter of fiscal year 2023 for its recently CE Marked Extended Immunohematology (IH) MosaiQ solution. As of March 31, 2022, Quotient had $83.2 million in cash and investments and $8.7 million in restricted cash
BREAKING NEWS: $QTNT Quotient Limited (QTNT) Q2 2021 Earnings Call Transcript
Image source: The Motley Fool. Quotient Limited (NASDAQ: QTNT) Q2 2021 Earnings Call Nov 2, 2020 , 8:00 a.m. ET Operator Continue reading For further details see: Quotient Limited (QTNT) Q2 2021 Earnings Call Transcript
Find out more QTNT - Quotient Limited (QTNT) Q2 2021 Earnings Call Transcript
NEWS: $QTNT Quotient Limited Reports Second Quarter Fiscal 2021 Results and Business Update
FDA Emergency Use Authorization for the MosaiQ COVID-19 antibody test received FDA 510(k) clearance for Initial MosaiQ SDS microarray and MosaiQ instrument expected before the end of CY2020 European field trial for Expanded MosaiQ IH microarray progressing; on track for CE Mark su...
Got this from QTNT - Quotient Limited Reports Second Quarter Fiscal 2021 Results and Business Update
Breaking News: $QTNT Quotient Limited Announces Receipt of U.S. FDA Emergency Use Authorization (EUA) for MosaiQ COVID-19 Antibody test
JERSEY, Channel Islands, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ:QTNT), headquartered in Eysins, Switzerland, today announced that on September 25, 2020, the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) for Quotient's COVID-19 ...
Find out more QTNT - Quotient Limited Announces Receipt of U.S. FDA Emergency Use Authorization (EUA) for MosaiQ COVID-19 Antibody test
* * $QTNT Video Chart 09-12-2019 * *
Link to Video - click here to watch the technical chart video
News: $QTNT Quotient Board Announces Contract Extension of CEO Franz Walt
JERSEY, Channel Islands, July 02, 2019 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ:QTNT), a commercial-stage diagnostics company (the Company), headquartered in Eysins, Switzerland, today announced the Board of Directors’ decision to amend Chief Executive Officer (CEO) Franz Wa...
In case you are interested https://marketwirenews.com/news-releases/quotient-board-announces-contract-extension-of-ceo-franz-walt-8446446.html
News: $QTNT Quotient Limited Recaps Recent Milestone Achievement and Updates on the Initial Serological Disease Screening CE Mark Submission, planned 2019 US Field Trials and Reports Record Financial Results
CE mark received on the initial Immunohematology microarray in April 2019 2018 manufacturing site certification and MosaiQ™ device CE mark combine with the recent approval to permit commercialization Successful European field trial drives the expectation of CE mark sub...
In case you are interested https://marketwirenews.com/news-releases/quotient-limited-recaps-recent-milestone-achievement-and-updates-on-the-initial-serological-disease-screening-ce-mark-submission-planned-2019-us-field-trials-and-reports-record-financial-results-8253980.html
My largest holding! Loving it!
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