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Agree with the Reverse Merger. A reverse merger happens when a publicly trading company merges with a private company and the private company survives, occupying and operating in the publicly traded company's legal shell.
The only way one lose is to sell. That is why Joe Hagan has NOT sold not one share. Liquid Gold.
Don't forget: Gallant Brands Purchases Soupman Inc. Out Of Bankruptcy
Gallant Brands Inc. (GBI) has acquired the assets of Soupman Inc. from bankruptcy, eliminating more than $11 million in debt and trade liabilities. Soupman Inc., owner of The Original Soupman brand, now has a clean balance sheet and a new management team, according to the Sept. 28 announcement.
https://www.theshelbyreport.com/2017/10/16/gallant-brands-soupman/
Benefits of a Reverse Merger
In most cases, a reverse merger is solely a mechanism to convert a private company into a public entity without the need to appoint an investment bank or to raise capital. Instead, the company aims to realize any inherent benefits of becoming a publicly listed company, including enjoying greater liquidity.
There may also be an opportunity to take advantage of greater flexibility with alternative financing options when operating as a public company.
The reverse merger process is also usually less dependent on market conditions. If a company has spent months preparing a proposed offering through traditional IPO channels and the market conditions become unfavorable, it can prevent the process from being completed. The result is a lot of wasted time and effort. By comparison, a reverse merger minimizes the risk, as the company is not as reliant on raising capital
https://www.investopedia.com/ask/answers/08/reverse-merger-ipo.asp
Merry Christmas SOUPQ investors. Read the "Soup Up Your Holiday Season" on website at https://originalsoupman.com/category/the-original-soupman-news/
While you're waiting for the Magical Soup Fairy to make you whole
You should read the Bioamber board, to get an idea of what's in store for holders of shares of ex-company SOUPQ.
Remember!!! Things are happening for the SOUPMAN brand.
No Soup For You When The Sale Is Over!
The Lowest Prices Ever!
All Soups are $13.99 per case.
All Tee-Shirts are $7.99 each.
Order now while supplies last.
Special Pricing Ends Sunday
All Soup $13.99
thechef@originalsoupman.com
Soup Market 2019 Industry Recent Developments, Size, Trends, Global Growth, Recent Developments and Latest Technology, Forecast Research Report 2026
https://menafn.com/1099259614/Soup-Market-2019-Industry-Recent-Developments-Size-Trends-Global-Growth-Recent-Developments-and-Latest-Technology-Forecast-Research-Report-2026
Nice to see some life on this board. Any idea when this stock is going to crap or get off the pot? Like what specifically do you think is going on in the background at this point?
Happy Thanksgiving to you too Millions242
Happy Thanksgiving SOUPQ investors. Many will start their travel plans this weekend. Hoping we all can wake up for a nice SOUPQ run. Keep the faith and stay patience. Joe Hagan has NOT sold not one share. Sometimes being silent speaks volume when it comes to investing. A lot is happening in the background.
No shorting here. Volumebot mistakenly calculates market maker price action when they bet against retail investors on OTC.
Hahaha is it soup yet ? I was told to come over and say hi . There is a debt ridden sludge company that needs to merge with another loser to put those nols to work . I hear the corn chowder is a money maker . Who owns the patent to that recipe ?
people who know something are quietly buying
And what's with these wild upswings?
Strange high ask on TD Ameritrade app:
Long time listener, first time caller. Anyone have any idea why the ask was listed as $200.25 on the TD Ameritrade app after hours today? I get that bid/ask can have some unusual numbers after hours, but this was super weird. I have a screenshot but am not sure how to post it. Bid was $0.0001, price was $0.0013 at the time.
Drop the price with a 360 share transaction. I guess the goons are only hiding.
Soupman, Inc.
COURT
Delaware Bankruptcy Court CASE NUMBER
1:17-bk-11314 TYPE / CHAPTER
Voluntary / 11
https://businessbankruptcies.com/cases/soupman-inc
'Soup Nazi' Distributor Hits Ch. 11 After Tax Evasion Case
https://www.law360.com/articles/934445
I agree it is NOT over for us. SOUPQ shared - (Joe. Hagan has NOT sold not one share). I keep reading past topics like "Soup for … everyone: N.J. man has big plans a year after acquiring firm made famous by ‘Seinfeld’". I'm thinking that Hagan is going to do a reverse merger one day. Right now, I also believe a lot is going on in the background due to the past corruption the old regime did. We are golden.
http://www.roi-nj.com/2018/10/17/lifestyle/soup-for-everyone-new-jersey-man-has-big-plans-a-year-after-acquiring-soup-company-made-famous-by-seinfield-episode/
I stand corrected. That's definitely a 7. Buy on.
I did. You're wrong. No mention of chapter 7 or soup liquidation llc anywhere on it.why is that.
Case 17-11314-LSS is a Chapter 7 case.
Look it up for yourselves.
Look up the cases on the judges docket and you will find that soup liquidation llc chapter 7 case 17-11313 has mysteriously been replaced with Soupman Inc chapter 11 case 17-11314. Also try to find anything on the internet about soup liquidation llc's case and you will be directed to the old Soupman Inc chapter 11 case with the shiny new case number. It ain't over folks.
Keep hanging on to your shares. Our day is coming.
because if you read it closely, it is relevant.
Have you kept in buying?
That's more than 2 years old. Why would you post that.
This:
jlee3
Friday, 09/29/17 09:01:37 AM
Re: Global Supermodel post# 14215
Post # 14230 of 21907
"About Gallant Brands, Inc.
Gallant Brands, Inc. (GBI) was founded with the specific purpose of purchasing Soupman, Inc. assets and operating the company under new management. GBI has identified one critical employee and has engaged a team of financial and food industry veterans with over 100 years' experience collectively as its management team. With an emphasis on strong cash flow, the Gallant team will implement simple operational changes, capable of saving the business over $1.2 million per year in spending while aggressively pursuing new business opportunities. Gallant is committed to communication, transparency, and accountability with the Soupman, Inc. constituents."
You are correct. GBI is private, founded by WealthColony specifically to purchase Soupman. Soupman is a clean shell with WealthColony owning almost 50% of the outstanding shares. Go read the Asset Purchase Agreement, or one of Dougster's many posts regarding the APA. Commonstock was excluded. Therefore, GBI will reverse merge with Soupman and the share structure will depend on the % ownership GBI gives Soupman. For example if GBI exchanges 40% ownership for the Soupman shell, GBI (WealthColony) will own 80% (60% + half of 40%, since they currently own half the O/S) while SOUP shareholders will get 20%. Previous Soupman shareholders will see their % ownership of the new company decrease, but with a cleaned up balance sheet and a strong cash backing, it doesn't matter. Our investments will increase exponentially despite the new share structure.
Court Name: U.S. Bankruptcy Court Records for the District of Delaware
Case Number: 17-11313-
Party Name: Soup Liquidation LLC
Filing Type: Bankruptcy, Office: 1 Chapter: 7 Trustee: Carickhoff, David W. [Order]
Date Published: May 06, 2019
https://www.open-public-records.com/court/delaware-15269456.htm
Yes i remember 2917 .
Do you guys remember this article? Joe Hagan is making things happening for the Original SOUP investors. Lots of things are happening in the background. Hagan has not sold not one share of SOUPQ stock. Hagan is holding on to thousands of SOUPQ shares. Don't give up, ever on this brand. It may take longer than we anticipated but one day the "Q" will be gone forever from the SOUPQ and the rest of the story will be history for those who waited the long term.
Hagan said that, with a bit more openness and a lot more marketing, he believes The Original Soupman will become a $50 million company over the next couple of years, as well as a large supporter and employer of veterans.
“We are looking now to take this iconic brand that we all have invested in over the years and help it mature into an iconic company,” he said
http://www.roi-nj.com/2018/10/17/lifestyle/soup-for-everyone-new-jersey-man-has-big-plans-a-year-after-acquiring-soup-company-made-famous-by-seinfield-episode/
Good morning, don't forget to visit our blog at https://originalsoupman.com/blog/https://originalsoupman.com/blog/https://originalsoupman.com/blog/https://originalsoupman.com/blog/
Hang it there SOUPQ. Each day we are one day closer reaping our investment.
A private company bought the brand. SOUPQ's done. Gallant, a private firm, has nil to do with BK SOUPQ.
Only ones dealing with SOUPQ are old creditors and the lawyers...lawyers will always get their money! Lol!
SOUPQ is not going to get turned off by FINRA. One day after the clean-up from the old regime, the new regime will drop the "Q" and BOOM!!! Share price will sky-rocket. Joe Hagan is doing what he said what he was going to do, expand the SOUPMAN brand. I know, things appear to be moving slow but I can attest, a lot of things are happening in the background.
https://originalsoupman.com/category/the-original-soupman-news/
SOUPMAN news:
https://originalsoupman.com/category/the-original-soupman-news/
Our brand continues to be expanded. Check out the WSJ article. SOUPMAN is now back in the NY schools.
I know things are moving slow, but just stay patience. We are golden.
SOUPQ boiling over. FINRA should turn it off. Too many cooks trying to mess with the soup.
Sadly there'll be no Gallant attempt to help. Just clean the stove and toss the SOUPQ away.
Volume looks like bagholders flipping for cuppa SOUPQ! Like panhandlers with cuppa SOUPQ just to keep warm!
Only problem, SOUPQ was deemed bad, down the drain! Gallant is now warmed by using the name, not SOUPQ!
With the pps and the next to no volume we've had for the last, I don't know, year or so I have to ask. What do you consider to be flipping?
Nope! Fun times flipping the SOUPQ!
BK stock in the land of the OTC P&D!
Reminds me of VIICQ and other BKs.
Once flippers tire, it will slide to .0001
Oh, so now you say Gallant controls the ticker.please explain why you changed your mind and why we should believe it.
Keep telling yourself that, we'll cash in.
Patience is rewarded.
If they were going to kill it, they would have by now.
SOUPQ now .0008, buy 100 bowls for 8¢!
Gaw, what the heck is in that stuff? Eww!
Not many takers for cheap SOUPQ now!
Gallant needs to tell FINRA to kill ticker!
It needs to toss out cold, rancid SOUPQ!
New! "Final Trips Soup" from The Original Soupman!
SOUPQ is making a real splash between .0007-0009.
What can one say except "Soup clean up on Aisle 3!"
Maybe once/if Gallant goes public, I'd buy that stock.
Dead SOUPQ continues to trip down to 0.0001
This zombie stock doesn’t even know it’s dead.
Killed by Chp 7 months ago. FINRA finish it off!
Gawd! Lol!
OMG, this is too funny. Did all of you pumpers buy a book on penny stock pimping? It is the same game every dime. The finally play is the "reverse merger". Blockbuster, Liquidation Motors, RadioShack, etc. The same flat out BS time and time again. SHLDQ is now in stage 2 of denial. Several more stages until they reach the reverse merger stage, though some have already made the leap.
Wouldnt it make more sense for them to keep it public since it already was? They dont have to spend the money to take it public but they could still have benefited from continued stock investors
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