Hmmm, I wonder why they post as BK document then? It's misleading...

List of equity security holders filed by Debtor ADPT DFW Holdings LLC. (Schwartz, John)

Docket # 106
Filed Apr 27 2017

http://document.epiq11.com/document/getdocumentbycode/?docId=3133991&projectCode=ADE

From the "Key Dates" on court case site: http://dm.epiq11.com/#/case/ADPT/info

Correct! But technically SARAQ stock was cancelled on the OTC and shareholders retained their number of shares and given new SARA shares.

That's what the PRs mean when they say Q shares will be cancelled, but people interpret it as shareholders lose everything - which sometimes they do, so I can see

The POR does have a teeny tiny itty bitty little mention that shareholders survive (retain their shares) - which is not the same as receiving payment of any amount.

-----------
Court Docket #15
http://dm.epiq11.com/#/case/ADE/dockets

4.8 Class 8: Existing Equity Interests.
(a) Treatment: On the Effective Date, the Existing Equity Interests shall be cancelled without further action by or order of the Bankruptcy Court, except to the extent that such Existing Equity Interests must survive to allow the Deerfield Parties to enjoy the full benefit of the Debtors’ assets or to operate their business.

(b) Impairment and Voting: Existing Equity Interests are Impaired.
In accordance with section 1126(g) of the Bankruptcy Code, holders of Existing Equity Interests are conclusively presumed to reject this Plan and are not entitled to vote to accept or reject this Plan, and the votes of such holders will not be solicited with respect to Existing Equity Interests.
------------

But, personally I only trade Q. I don't really trust PRs, News, or even Court Dockets because they change constantly. This will probably be re-written a few times before the final version is out.

P.S. This is too risky for anyone to be trading ;}~! So don't do it and leave us crazy ones alone!

Yes, common shares will be cancelled! All Q stocks are always cancelled because they stop trading, cease to exist, are extinguished on the OTC once they exit BK.

But they will not get cancelled until later this year or early next year, so in the meantime why not make 80%+?

and there is a .0001% chance that shareholders get new stock in the restructured company when re-listed to NASDAQ/NYSE.

Exactly my point! ;)

No cuz gap for lucky 15 minutes in next week with big boys. When cover until sliding poof gone! imo

Stock bankrupt people trade money play and stuff shares hold out goo goo gaa gaa, dude and stay tune too see cuz baa baa lucky bees.

Haaa?! What English translator are you using?

Or are you a 3 year old playing on your daddy's computer? Get Off!

UR preaching to the choir! lol...

It's not $1.00 yet. Maybe take some now that you are ahead?

There will be plenty of opportunities to swing trade. Dockets have court dates as far out as October 2017.

Correct, ADPTQ WILL be cancelled...

but let's see if the company gives us new stock!

Ummm... all "Q" shares are always cancelled.

By law they have to disclose that eventually ADPTQ stock will stop trading (cease, extinguish, cancel, whatever other legal term they use) when it exits bankruptcy. Then, new ADPT (or whatever ticker they choose) stock will start trading on NASDAQ/NYSE. That's what always happens.

What we are looking for on the POR is something to the effect of

"Equity Interests survive" = which means we keep the same number of shares we owned in ADPTQ and they give us that amount of new ADPT shares.

or

"Equity Interests receive distribution" = which means we can get some amount of shares of new stock, cash, warrants, etc.

So make sure to share the most important part of the Treatment:

http://dm.epiq11.com/#/case/adpt/dockets#

Docket #15

4.8 Class 8: Existing Equity Interests.
(a) Treatment: On the Effective Date, the Existing Equity Interests shall be cancelled without further action by or order of the Bankruptcy Court, except to the extent that such Existing Equity Interests must survive to allow the Deerfield Parties to enjoy the full benefit of the Debtors’ assets or to operate their business.

What do you have against the Starbucks Guy? lol!

I'm here too! ;)

I like that there is mention of Class 8 "Equity Interests must survive..." in Docket #15 Chapter 11 plan.

http://dm.epiq11.com/#/case/ADE/dockets

Now Dip Babie, Dip



Dip Babie, Dip

It means there is a possibility that shareholders could keep their shares when they start trading on NYSE again, after restructuring is complete, and at what ever that share price may be.

If this is the case, then all you have to worry about are the number of shares you hold during the time it's trading on OTC.

On the other hand, the plan could change if the court decides that shareholders get nothing.

Just have to keep up with court dockets.

Because it sounds like common shares will survive:

http://dm.epiq11.com/#/case/adpt/dockets#

Docket #15

4.8 Class 8: Existing Equity Interests.
(a) Treatment: On the Effective Date, the Existing Equity Interests shall be cancelled without further action by or order of the Bankruptcy Court, except to the extent that such Existing Equity Interests must survive to allow the Deerfield Parties to enjoy the full benefit of the Debtors’ assets or to operate their business

Starbucks Guy is too busy riding around on his pink and blue fairy unicorn.
{{{^..^}}}

Yes, we retained ALL our shares for a 100-200% gain after exit from bankruptcy! Not too shabby for only 2 months in Chapter 11 :}

500 shots of bovine excrement:1 cup of Starbucks coffee

I don't know about this, but I am curious to see what will happen to shareholders. I may play a little here. The plan states that shareholders are unimpaired, although not receiving distribution, so sounds like we keep our shares after exit from BK (nothing extra). And yes, I have read articles that the company plans to go private... but "after emergence from bankruptcy", and with no specifics. So, how long after bankruptcy?

The plan states:

2. Parent-Included Plan
(a) Class 10 – Equity Interests in Parent.
i. Classification: Class 10 consists of Equity Interests in Parent.

ii. Treatment: In accordance with and giving effect to the provisions of section 1124(1) of the Bankruptcy Code, Equity Interests in Parent are Unimpaired by the Parent-Included Plan and the Parent-Included Plan leaves unaltered the legal, equitable, and contractual rights to which such interest entitles the holder of such interest. No distribution shall be made under the Parent-Included Plan on account of Equity Interests in Parent.

iii. Voting: Class 10 is Unimpaired. Therefore, holders of Class 10 Equity Interests in Parent are not entitled to vote to accept or reject the Parent-Included Plan.

Hey Did Starbucks Guy ordered a shot of bovine excrement?

Hey Yo-Yo, nice little run here. Not in it for long haul because shares will eventually go to -0-

Starbucks Guy ordered them!

NO, your stock tips don't suck.

Qs are sooo unpredictable and you almost can't rely on the dockets, which are just "plans". But at least with dockets we get to read what the company is presenting to the Judge.

It really is a lottery ticket. And I much rather play Q Lottery than MEGA MILLIONS ha ha.

Ummmmmm... I'll have a double ristretto Venti half-soy nonfat decaf organic chocolate brownie iced vanilla double-shot gingerbread frappuccino steamed milk to 180 degrees with foam whipped cream upside down double blended, one Sweet'N Low and one Nutrasweet with sugar-free cinnamon dolce and toffee nut swirl drizzle.

The longest possible order at Starbucks?

No, No, the one behind the dollar store (for penny stocks) lol.

LOL, all in fun... Thanks, Starbucks Guy!

When were the cappuccinos 10 pennies?

Was he drinking out of a straw or sippy cup?

Did he order with whip or without?

How could we possibly hate the guy who's rooting for the home team! And drinking a venti iced mocha latte drizzled with caramel sauce... just jealous, ha ha!

Yes, Starbucks is now serving $5 coffee topped with investment advice... yummy.

Now there's a concept! Who wants to start that business with me? :)~

Mine shows zeroes

where do you see that?

Not really running out of time, the court can extend the debtor's exclusivity period up to 18 months.

Ha ha, awwwe I want nothing NOW!

So it will take months to get nothing? Can't wait! LOL

Just a few uncontested matters, so should go great. How is Judge's demeanor?

Send us updates, I'm bored. I'll live vicariously through you, lol...

How do you know? Are you in the courtroom? What's so great? Like all my questions?