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TRKAQ: BK PLAN effective. All shares and warrants cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
I would have thought this would be FKA by now, as the plan says "Interests" would be cancelled upon effectiveness, which happened April 1.
https://cases.ra.kroll.com/troika/Home-DownloadPDF?id1=MjUzODQ2OA==&id2=-1 Page 24
Thank you for this one, Renee
Let’s look at the long term chart which includes the massive reverse split earlier this year
As one can observe the highest price for a share was the day the company went public on the NASDAQ third tier ranking of stocks
It was all downhill from there
Due to the reverse split the price appreciations and the depreciations are somewhat exaggerated
Nonetheless, Troika Media became something of a cult stock in the aftermath of the Covid/Cathie Wood/Robinhood/Pandemic relief money giveaway in 2020 and 2021
Why did it go bankrupt question mark
Others may differ in how I view it
My view is the insiders who started this company and went public had no intention of building it into a profit making business
The ultimate goal was self enrichment
Those insiders now own chalets in Aspen, Colorado, McMansions in Boca Raton, Florida, ocean front homes in Malibu, California, enjoying prime rib dinners with bottles of Chateau Lafitte Rothschild in the most expensive and exclusive restaurants
But, Renee, as you know as well as I know there is a tiny percent of True Believers who will attempt to convince others Troika Media is still .the next Microsoft
Right
And pigs can fly
As an aside, Steve Ballmer of Microsoft fame now owns enough shares that he collects a billion dollars a year in dividends
Let the True Church roll on
Yes,the effective date is Monday Dec.18th,2023.It will be on the OTC under the symbol TRKAQ.Those with TRKA shares now will have too wait a minimum of 6 days.Probably till the new year before they can trade,under the new symbol.Who knows where the share price will be,if existent then.Good luck and good trading.
TRKA changed to TRKAQ, bankruptcy. Delisted from the Nasdaq to the OTC. ***PPS dropped 53% from .22 to .1061.
https://otce.finra.org/otce/dailyList?viewType=Additions
Shares Outstanding 16,676,762 shares
Insider Shares 138,429,100 shares
Total Insiders 27
Insider Sentiment Score
The Insider Sentiment Score finds the companies being bought by corporate insiders.
TRKA
https://fintel.io/sn/us/trka
“The Insider Sentiment Score finds the companies being bought by corporate insiders.
It is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average.”
https://fintel.io/sn/us/trka
bad news today we are hearing some brokers made stop investors from trading this stock on monday or sooner. would get out ASAP
As I said in a prior post.Blue Torch wanted their money and Trioka didn't have it.Now in a couple months you will get one chance to recoup some money.Timing is everything.Good luck and good trading.
💯 % true and everybody knows it , and unfortunately this crime will never end
You are wrong on all accounts. There was no corruption here and Trump won't do shit.
This was a speculative play. It's not TRKA's fault that retail idiots ignored all the warnings and red flags and chose instead to hype themselves up on delusions.
The weak and stupid get eaten alive.
Crazy from 1.90 down to .47 , tell me that this is not criminal
Pour souls, insider trading before the end! Hope they are all jailed, corruption at its best, sec is probably in on it to, entire markets are corrupt, shorting, naked shorting, its all a fu….. joke, trump will have this taken care of in 24! Mark my word
The business world is like nature where the weak and stupid get eaten alive. I don’t believe the world will ever see a poor performing headless operation such as TRKA get rewarded with a handsome buyout offer. The TRKA story had decimation written all over it since early 2023.
Troika Media Group Inc. Announces Strategic Chapter 11 Filing and Sale to Blue Torch
#TRKA 🔥 huge move! Another 15-30% this week? $TRKA
Trka is making 45% in one day and nobody is talking about it :)))))
#TRKA 🔥 watch this next week for a move! $TRKA
Not only is it going to be late,but they can't get it done in the 5 day extension.Blue Torch wants it's 78 million and Troika hasn't got it.This could drop bigtime,if they drag this out.Good luck and good trading.
We got a late filing notification instead. This company is a mess. Anyone who still believes that a merger/buyout is coming is painfully delusional.
With the 3rd quarter 10Q right around the corner,there are a lot of fence sitters.It's a wait an see situation.Good luck and good trading.
#TRKA 🔥 so hot! Squeezing big soon? $TRKA
#TRKA 🔥 its getting hot again! $TRKA
you said the same about aprn
Ongoing concern warning just issued. It'll be lights out pretty soon.
The company confirmed today that there is no buyout.
Very unsettling conduct from this company. It's never a good sign when a company waits until the absolute last minute to meet filing deadlines. TRKA is already overdue for providing their audited Q2 financials and they are STILL dragging this out. Most likely bad news coming. Buyout is doubtful.
we are putting TRKA on a buy for a possible merger or buy out deal coming mid oct. we are now hearing they are having talks with a company for this too happen.
Please we need news stock is definitelynot were it should be I invested22 k or maybe more might be 24k and we are back down to 1.2 please start paying attentionto ur investors give more people to believe this is going to go up but we need news lets go we ahold be able to get to 15 +
MM's sold 1.3's then bought them back LoL
This is pretty bad that it continues to stay down. Obviously big money knows something.
Bit of a panic sell off but it still does not bode well for the company or investors. Those two nitwit executives materially damaged the company in ways that may never fully be disclosed. I wonder if they can get sued for those damages instead of merely getting fired.
I still maintain that there is no buyout or merger coming. Chapter 11 is looking more likely to happen.
Only thing that will save this debt laden turd is for Moon Market Pumper to Pump it again
The potential to rocket is high at these levels. It'll be a bumpy ride.
The potential to rocket is high at these levels. It'll be a bumpy ride.
She's trying
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