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They were unable to put a POR together that the creditors would accept, so now they plan to try and sell stock to raise money, lots of it. They vacated the bankruptcy.
The A/S was increased to 2B shares:
https://www.otcmarkets.com/filing/html?id=15220552&guid=QA8wkaoudyg1r3h
The risk is if the two largest creditors decide to force another bankruptcy so they can take over.
Good luck selling stock under the skull and crossbones.
What's going on here, this company have any plans?
Hoodwinked by a trading group on a very thinly traded stock that will be cancelled by the company's bankruptcy plan. Pop the PPS up and then dump on the naive.
Dumping shares that will be cancelled by the bankruptcy plan.
ok, thanks then I sell
Nobody shorts a sub-penny stock, that would be stupid. It goes up because people don’t do their due diligence and think they might a flip out of a cheap stock. The stock will be cancelled after they approve that plan, it says so right in it.
so why does it go up? covered short?
Stock will be cancelled per their bankruptcy plan.
They agreed to a continuance 1 month away. Next hearing is July 7th, expecting to approve the plan of reorganization.
do you know what they said at today's hearing?
this one is setting up for 002 imo trying 0011
Can't believe VCBD still trading..Deletion prob coming Sept...
Pacermonitor has it. Google "pacermonitor vitalibis"
do you have a link?
Next hearing on June 9 to review the bankruptcy plan.
They’re not canceling shares. This is a lie.
where did you find that info?, no they can't unless declared in their filings?
No, the POR cancels the common stock.
It's being pushed on the interwebs as though it was some great investment with no acknowledgement of the bankruptcy nor of the plan of reorganization which cancels the common stock.
Thanks we'll see near the bottom would like to see .01 again
will that ever happen again is the question g/l
That’s awesome!
filled a bunch at .0002 not sure what it will do but hard to beat at that price
Might be a great wholesale buying day. Get those wallets ready!
We already know that Vitalibis is in bankruptcy process, which is chapter 11. Adding Q to the end does not change anything about the company's realities. I take the risk and wait for the court decision. We know that CEO is favoring the investors instead of debt-holders. Otherwise he would issue notes to them and wouldn't go to the court. Today weak hands are gonna be eliminated.
Just a tad bit late....
VCBD changed to VCBDQ, bankruptcy:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
This company is still diluting their stock during the bankruptcy. 52M shares diluted since the last 10Q, 62M share in the 10Q.
This company is cancelling their common stock in their bankruptcy plan. When that happens, whoever is holding it will lose 100% of what they paid for it.
nice day today everybody well played.
Definitely 30+ cents. It’d only be trading at like a 70M market cap.
WHY NOT 30 CENTS
13.6K smack filled @.012. Volume increasing!!
VCBD~ under 1 CENT history~~
Agreed and it news starts coming out this could head back to dollar land
it was at 32 cents, seems it will go there
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