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Ah! That explains why it wasn't visible but I was still able to open the document with my saved link. Thanks, I didn't think to look under inactive.
It (2018 Annl Rpt) was already filed before the Attorney letter was filed. I was at the bottom of the list and stuck between a couple of older filings.
No new filings, OTCM just put them in chronological order which required reposting them, which also changed the posting date.
It happens to the best of us! :)
someone is hoping to get more shares cheaper. I hope it backfires on them and buys hit hard once the attorney letter hits OTCMkts.
I tried to get stationed there while I was in the Air Force for 26 yrs. I never made it there while active duty.
We moved to MO from AK when I was 6. I finally made it back there Sep 2017 for a couple weeks. I'm 53 now. I'm planning an RV trip back to AK May-Sep 2020.
Did the pwc purposely use vague verbiage once again in a report to avoid being specific on certain subjects, in this case, the future status of the shares, like they have on several other entries on previous reports? Their verbiage reminds me of the shadiness of a LOI (Letter of intent). You know, the use of words in a PR that aren't legally binding in the event that a company's "intent" to do whatever, didn't follow through, especially when there was really no "intent" to truly follow through. The company doesn't even have to come back and address the LOI when it just fades away in to the abyss. The true "intent" of a LOI is just an attempt to create a buying frenzy to sell shares!!
Maybe it is pwc's "intent" to create a fire sale on Monday to the benefit of others. What a HUGE opportunity Monday will be to buy cheap shares. Then when the shares don't get cancelled because they are part of another Confidential or "hidden" deal, they won't legally have to answer to anyone, because they said "does not anticipate" "does not believe" blah blah blah. Otherwise, why would they not have simply stated, "The BIOA shares are not part of this deal and will be handled in the US bankruptcy court for the bankruptcy portion after completion of the CCAA court has finalized it's oversight of the the asset sell portion of the company". It's all about the use of words and verbiage!!!
You are correct...No trades took place after 12:42 CST. I kept checking to make sure I hadn't lost my internet connection due to how it just stopped trading. I'm reloaded with .0004s today (hoping for some 3s too) lets see what the future brings our way.
Have a good weekend...hoping for an awesome next week!!
Crazy!! One more inning, it will be like watching two games!
No, I'm just a night owl...sounds like an awesome game though. I can't stand watching sports on tv...I'm a gotta be there kind of guy! lol
I agree!! We shall see what the future brings; good or bad!
FINRA doesn't typically follow a Q ticker through the BK process. They rely on the Company or attorney to send them a copy of the BK discharge order so they know to delete the ticker. This doesnlt always happen, hence, why there are many Q tickers that filed BK several years ago. I have seen some as far back as 2011 still sitting on OTCMkts as Pink No Info. OTCMkts doesn't do a good job on screening these.
Ahh! Ok I see now. I didn't see the company names across the header.
Exactly...It isn't far fetched or unrealistic.
I'm with you on that one. That's why I don't put more than I'm willing to lose on high risk stocks. What I might lose isn't going to put me on the streets eating out of dumpsters; But the reward could be awesome!! Sitting and waiting to either take a big chunk of change or lose some change.
GLTA...It ain't over 'til the fat lady sings!!
Yes. The CE was removed yesterday also.
Another tweet concerning name change still in progress!!
The name change to MHHC Enterprise Inc is still being implemented. Most have seen the update with Nevada Sec of State, and we hope to complete the formal name change with FINRA by the end of 2018, but you all know how fast things move there.
— MHHC Enterprises (@MHHCEnterprises) October 11, 2018
3 new tweets from MHHC just now...
https://twitter.com/mccuskerco
True! I forgot about that. MHHC Enterprises is the name of the Twitter profile for the company also. Thank you for reminding me!!
https://twitter.com/mccuskerco
I did a search for Frank Hawley on NV SoS using officer name feature. It pulled up MHHC Enterprises Inc. Do we have a name change in progress?
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=9HcNUDCGhIiiZBCNj%252f3DWw%253d%253d
NV SoS is the only SoS they are registered...since 2004
https://opencorporates.com/companies?jurisdiction_code=&q=McCusker+Holdings+Corp&utf8=%E2%9C%93
I'm sorry to say that the R/S I warned about on 25 Apr has taken place. Some didn't want to believe me or insisted it had to be a mistake on NV SoS. I tried to warn peeps as soon as I saw the change on the SoS. Sorry to those who were stuck at higher pps at the time and to those that didn't want to believe it.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140305799
I'm still shocked that they R/S'd when they had an A/S under 1B. I guess they want to qualify for QB status really bad; at the cost of investors.
It falls under the Canadian process now, while it is not truly considered a Bankruptcy by Canadian standards, however, since it was a company re-org/sell-off and now potential liquidation sale, the Q remains until this process is finished. Whether the result is the Q be dropped or the entire ticker cancelled.
At this time, no one in the iHub world really knows what the end result will be!! Everything is based on interpretation of the reports and speculation based on those interpretations.
One of two things are going to happen...We are either gonna make bank; or we are gonna lose our butts! I'm hoping for making bank! We shall see!! But not concerned, because I didn't invest more than I can afford or willing to lose!!
BIOAQ US Bankruptcy Dismissal/Closure...
https://www.pacermonitor.com/public/case/24419228/BioAmber_Inc
That bankruptcy filing was dismissed in June by request of the BioAmber so the Canadian system could take care of it under their system of rules. But you already know this as you have been told this repeatedly.
Excellent Post!!
Actually, the Canadian Government does have a vested interest in BioAmber in the amount of approximately CA$32,924,000.
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-007_053118.pdf
What Happens to a Company's Stock When a Buyout Is Announced?
https://www.fool.com/knowledge-center/what-happens-to-a-companys-stock-when-a-buyout-is.aspx
It depends on a few things. Here's a close look at the details.
Merger and acquisition activity is expected to top $4.3 trillion in 2015, the highest level since 2007. And if you haven't owned a stock that was acquired or that merged with another company before, it's almost certain that you'll experience it at some point in your investing career. So exactly what happens?
Here's a closer look.
The announcement
When a company announces that it's being acquired or bought out, it almost always will be at a premium to the stock's recent trading price. But depending on how the deal is being paid for, how long it's expected to take to close, and any speculation about a competing offer, a few things may happen.
For example, if a stock trades for $30 today and the company announces that it's being acquired for $40 per share in cash, the stock price will shoot up to near $40 the next trading day. However, it will typically trade for a little less than $40 for some time, gradually moving closer to the full deal price as the closing date of the transaction approaches.
It can get a little more complicated if a company is being acquired with stock, or a combination of cash and stock, since the value of that stock will also fluctuate from day to day.
For example, let's say Company A and Company B both have shares trading for $30 per share. If Company A buys Company B for one share of company A and $10 in cash, meaning $40 in economic value per share, company B's stock may shoot up in similar fashion as in the all-cash transaction described in the first example.
However, there will be more volatility, depending on the market's reaction, in terms of how it sees the deal affecting Company A. If Company A's stock falls by $5 on the announcement, it would have a negative impact on the value of Company B's stock. On the other hand, if the market views the deal favorably and Company A's stock goes up $5, then Company B's stock value would also go up. There is also the impact of dilution -- i.e., the amount of new stock Company A must issue, diluting existing investors, to fund the deal.
But the market will ultimately tie the movement of Company B's stock to that of Company A until the deal closes.
There may also be some additional discount to the stock's price if the stock being acquired is set to pay a dividend between the announced date of the transaction and the closing date. Furthermore, if there's a lot of speculation that a competing offer could materialize, it may also affect the price of the stock for the company being acquired, though this is usually a very minor impact.
The closing
Different things happen when the transaction closes, depending on how the transaction is being funded. The good news is that pretty much all of the hard work happens behind the scenes, and if you hold your shares through the transaction date, you probably won't have to do anything.
If the transaction is being paid in all cash, the shares should disappear from your account on the date of closing, and be replaced with cash. If the transaction is cash and stock, you'll see the cash and the new shares show up in your account. It's pretty much that simple. (Many brokers can also walk you through the process, so if you're looking for support, visit our broker center.)
Tax consequences
This is one of the most important things investors should understand about buyouts. If you hold shares in a taxable account, you're subject to the same tax rules for a buyout as you are to your own buying and selling activity. In other words, if a company is bought out and you've held the shares less than one year, you will owe short-term capital gains tax on your profits, and long-term gains if you've held shares for more than one year.
You will owe taxes based on these rules whether you sell the stocks before the transaction closes, or you hold until the close date and it happens automatically. It doesn't matter whether you voted for or against the transaction. Participation and profit means you owe taxes. So consider the timeline implications. If you're close to qualifying for long-term gains, it may be worth waiting to get past that one-year mark if you're ready to sell before the transaction closes, simply to lower your tax rate on the gains.
On the other hand, you'll gain a tax-loss benefit as well, if you're unfortunate to end up losing money on the deal for some reason.
If you hold shares inside an IRA, there aren't any tax consequences, because of the tax-advantaged structure of these accounts.
BIOA is approx $70M in debt.
I like the highlighted bullet...It might not have anything to with BIOA, but the timing sure is suspicious!
https://www.sec.gov/Archives/edgar/data/7084/000119312518266634/d614738d424b2.htm#tx614738_4