I'm sure one of them is someone who's been itching to dump his 25k worth of shares.

Just like that morning, MM started crashing the sp before the market opened. By 9:30, the sp was already 90% down.
I don't think they can do it this time, majority are holding.

Who can trade pre market in otc?
Most traders cannot trade until the bell.
And again, nobody is selling.

It was not CEO's letter; even better, it was CEO's PR timed right before market opened on Monday, and one day before court date, crashing the sp from its highest since it filed voluntary bankruptcy.

What was the removed motion about?

In one of the reports last year, the one after they leaked the names of 2 of the bidders, they stated that if buyer did not want IP, they would thrash the IPs. Unreal, coming from the monitor who was supposed to look after the interests of the company and its shareholders.

I thought you said they had 0 shares? Why would they claim to have 11 M shares then?

Not all of them are warrants. The new 13G is amended 13G from 2/20/2018. They owned 7,556,494 shares last year.

Right on. Some entities want shares badly. I believe there are still millions of shares shorted and not covered. Monday will be interesting. I'll put up a bid at sub .01 just in case :)

Hold hold hold. All eyes to the prize. LOL.

It curiously says BIOA, not BiOAQ. Did PwC notify Finra to drop the Q? Cause I don't see it anymore in that fintel link.

They really are trying to force us to sell. After watching L2 these past weeks, it's obvious someone wanted shares badly, and failed.

Releasing this report just after Intracoastal's 13G and way before the court date, is suspicious IMO.

Shorts are desperate, but nobody is selling.

L2 looks really nice.

Ah, I see. CSCS removed it this morning and someone else put it back.

I'm using tablet. It's still there.

It's still there. Maybe 10k was right, only the mod who posted it can take it off.

FINRA should be contacted as they are cited in the header. I have just filed my complaint with them, by the way. Only took 5 minutes to do it.

Here is the link, in case anybody is interested. Don't forget to include a screenshot of the header.

http://www.finra.org/investors/file-complaint

I thought I had seen every trick in the book to make people sell their shares in this stock, I guess I was mistaken. They really took the cake with this header.

I am still waiting for your links or pictures on the similar wordings by the judge(s) in your previous cases, i.e. best interest of all stakeholders, will not cause hardship etc.

They want to keep the payment low. Had I had more money, I would've slapped all those asks.

Exactly. The disclosed bidder list only mentioned Visolis, while the monitor report stated "sale to Visolis AND LCY".

MMs are playing ping pong with themselves.

Can you show picture or link of the judge saying similar things regarding shareholder meeting in your other cases?

I hope so. If everybody just hold, we can get a squeeze the closer we are to either Jan 31 or March 15.

How can the MM drop the price? Nobody is selling. No shares available. Most people are holding.
They can try shorting this stock with the set deadline. Many will scoop them up if "they" try to drop it to under 1 cent again.

no I am not. Anybody can click at the picture, click on the 50 members, then click the "see all" under the last name, and voila! you see his name.

Actually if you go to member info and click all admin names, you will see his name. He is still 1_of 5 admins. You don't have to be a member to see his name. I just checked it out.

How can you help our communication with PWC if you can't even find his name in the group?

That won't be in the best interest of ALL stakeholders, right?

They said no more share transaction, meaning, the shares are transferred as is, just like they "transferred" the employees and Mike Hartmann. But we'll see. Either way is good.

IMO, the shares may stay alive, which is better in the long term for us shareholders.

Thanks CSCS. Bright days ahead of us. Will add next week. I like what I see.

I was replying to the poster who implied that the buyer was supposed to accumulate as many shares as they can before the date of acquisition. That is not allowed.

Under section 338(h)10, the buyer cannot own more than 20% of target shares prior to QSP, because it will no longer meet the requirements of section 1504(a)(2).

Fund company is different story.

It's either one of these 3. The point is, creeping acquisition is not possible.

Per the 338 h 10 rules, they have 12 months to make qualified stock purchase to get to 80% position, but the specific requirements make sure that creeping acquisition is not possible, i.e. the acquisition of 80% has to be done all at once.

$500k for Director's charge? Who is the director? I thought all directors left in August?

I'm not accusing them. Don't twist my words. I still have good faith and willing to wait until January. But if the company is REALLY sold for a mere $4.3M and zero or near zero for shareholders, I will join other shareholders for class action.

When the difference between how much it's worth and how much it's sold for is too extreme, there is always a question of either: INCOMPETENCY or FRAUD.
Both will earn the involved parties several lawsuits or even jailtime.

In two months, we'll know whether this transaction is fair & just OR questionable.

People are watching.

This company is only worth $4.3 millions? Yeah right. They didn't fool anybody.

This company has more assets than liabilities. NOL is deferred tax ASSET. Plant is relatively new and is worth > its combined debts. Patents, R&D breakthroughs & trade secrets should be worth tens or hundreds of millions, more than the plant itself. According to 1st monitor report, the $4M intangible valuation by Nexant was ONLY for TWO agreements (with Davy and Cargill). The rest of the intangibles have not been appraised and are the most valuable.

So the biggest question here is how on earth Deepak Dugar, who used to work as Senior associate at PWC himself is able to snag THE world's top company in a multi-billion dollars industry for mere peanuts. But considering the phrase "in the best interest of all stakeholders" used by the court, I'm still expecting some sort of compensation for shareholders, either the shares stay alive OR share purchase by Visolis/LCY/KKR in the REASONABLE amount, $1.64/share minimum per PWC valuation.

Come January, IF shareholders get the shaft, everybody involved in this mess can expect to see huge lawsuits on them. People are watching.