https://www.youtube.com/watch?v=xLpfbcXTeo8
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TLSS = JACKHOLEism = 100 percent total LOSS
Please tell us exactly how you think you will realize any money for your shares.
What specific events/transactions are needed (in order please)?
VWAP= $ 0.006963 Total$Vol= $ 2,194
Or have someone ((Mom) read it to you
Clarity: GMZP is a CARNES scam.
"Bill" has been mooning LVVV bagholders for years.
VWAP= $ 0.002628 Total$Vol= $ 825
OTC Markets only shows what they are TOLD. It is up to the company to inform the TA of any changes in AS..
https://esos.nv.gov/EntitySearch/BusinessFilingHistoryOnline
Keep taking your LOSSES in these obvious pennyscam turds.
It is very amusing!!
🤣🤣🤣🤣🤣
🤡🤡🤡🤡🤡
The desperation and cold sweat in your posts are quite/quiet/quit ennertaining.
Remember, DENIAL is only the first of the Five Stages of Grief. You have 4 more stages to pass thru.
VWAP= $ 0.0027 Total$Vol= $ 3
They couldn't move this turd until the MMs lowered the bid and ask. Buyers strike (and rightly so!!).
10/10 for Jeremy Irons quote from Margin Call
TLSS has stated that is has no operations, so it cannot do a reorganization bankruptcy (Chap 11), it can only do a liquidation BK (Chap 7) and wind down the company. There are no operations to reorganize. A Chapter 7 corporate bankruptcy DOES NOTT cancel unpaid debt!. The unpaid debts remain owed by the corporation and is nott discharged in a corporate Chap 7. Thus this shell remains dirty with 11+ million Dollars in debt. The shell is unmarketable with that debt remaining.
Company Debt Remains
The corporation or LLC will not receive a debt discharge in Chapter 7, leaving the company responsible for its obligations. The debt discharge isn't necessary because creditors can't collect from a closed and defunct company.
Leaving liability in place also allows creditors to collect in several instances:
Creditors can collect from anyone who signed a personal guarantee agreeing to pay a business debt if the company defaulted.
A creditor can collect from a stakeholder after proving in a pierce-the-corporate-veil lawsuit that the company is the stakeholder's alter ego.
Creditors can collect against a new business if a court declares the new business is essentially an extension of the closed business. This situation can occur when a company closes to avoid paying its obligations and reopens under a new name.
https://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-llcs-corporations.html
Or read the BIOAQ board.
Post of the Year for this board!! 10/10 Bravo!!
GSTC = 100 percent pure GARBAGE
Oh well, mebbe Gro3 and KTU sales will pick up.
TLSS has stated that is has no operations, so it cannot do a reorganization bankruptcy (Chap 11), it can only do a liquidation BK (Chap 7) and wind down the company. There are no operations to reorganize. A Chapter 7 corporate bankruptcy DOES NOTT cancel unpaid debt!. The unpaid debts remain owed by the corporation and is nott discharged in a corporate Chap 7. Thus this shell remains dirty with 11+ million Dollars in debt. The shell is unmarketable with that debt remaining.
Company Debt Remains
The corporation or LLC will not receive a debt discharge in Chapter 7, leaving the company responsible for its obligations. The debt discharge isn't necessary because creditors can't collect from a closed and defunct company.
Leaving liability in place also allows creditors to collect in several instances:
Creditors can collect from anyone who signed a personal guarantee agreeing to pay a business debt if the company defaulted.
A creditor can collect from a stakeholder after proving in a pierce-the-corporate-veil lawsuit that the company is the stakeholder's alter ego.
Creditors can collect against a new business if a court declares the new business is essentially an extension of the closed business. This situation can occur when a company closes to avoid paying its obligations and reopens under a new name.
https://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-llcs-corporations.html
Or read the BIOAQ board.
Sorry - Dollar Tree
Item 8.01 Other Events.
On February 16, 2024, the operating subsidiaries of Transportation and Logistics Systems, Inc. (OTC PINK: TLSS) (“TLSS” or the “Company”), namely, Cougar Express, Inc. and JFK Cartage, Inc. (together, “Cougar”), Severance Trucking Co., Inc., Severance Warehousing, Inc. and McGrath Trailer Leasing, Inc. (together “Severance”) (collectively, “Operations”) ceased all operations. This cessation of operations in effect terminated all of the material agreements of the Operations.
While the Company had been pursuing and was in the process of finalizing an accounts receivable factoring line for its Operations, it was unable to close such financing in time to pay certain insurance premiums for Severance Trucking Co., Inc., that resulted in the loss of vehicle insurance coverage. Such insurance coverage expired on February 16, 2024, which necessitated having to cease its Severance operations. Severance laid off virtually all employees, except for several employees who are in the process of winding down residual operational issues.
On February 16, 2024, as Cougar was in the process of commencing the wind down of its operations, the landlord of Cougar’s Inwood facility took involuntary possession of Cougar’s warehouse location, resulting in the immediate cessation of operations. As a result, all remaining employees of Cougar Express were laid off.
As a result of the foregoing, the Company no longer has any substantive revenue-generating operations. In November 2023, the Company had previously reported that as of September 30, 2023, it had a working capital deficit of $11,680,875, and since the date of such Report, the Company’s working capital deficit has not improved.
The Company has previously advised that, if it were unable to raise additional capital or secure additional lending in the future, it could expect that such inability could result in the curtailment of its operations and the inability to meet its debt obligations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 21, 2024 TRANSPORTATION AND LOGISTICS SYSTEMS, INC.
By: /s/ Sebastian Giordano
Name: Sebastian Giordano
VWAP= $ 0.002997 Total$Vol= $152
pdgood = dingbat
simethiCON
How much did you lose in this obvious scam?
How much did you lose in this obvious scam?
How much did you lose in this obvious scam?
JAY PATRICK BOOTH - insane clown