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Literally nothing. Or else say when it’s happening. But then you’d have to admit it won’t when it doesn’t...
There is no “DD” that supports anything other than total loss for shareholders.
This reminds me of former boxer Evander Holyfield. When he was at the end of his career, he was repeatedly asked when he would finally give up and retire. He kept saying he would not retire until he was once again undisputed heavyweight champion. The problem was, he didn't realize that he kept giving this answer despite the fact that his chances of ever being champion again were decreasing every day as he got further and further from his fighting prime. Eventually, he was 50 and saying he would not retire until he was again champion, a claim that was embarrassing to his otherwise great legacy.
Needless to say, he never got another championship opportunity. Maybe he will at age 60 in 2 years, just like some will be here extremely disengenuously still claiming a "second transaction" is coming "very very soon". Haha.
Why would there be a need to be patient if its coming "very very soon"?
Asking again- what does "very very soon" mean to you? 6 months? Since I am positive nothing at all will happen in 6 months, can you admit being incorrect then?
Do you care about your own? That’s what I asked for. Specifically because I’m accusing you of having no reason to maintain your “opinion” other than not wanting to admit being incorrect.
There will likely be quite a lot of time to buy in the channel where this has traded for a while.
Bioamber isn’t paying anything it has been liquidated.
Now- please provide the identity of anyone still working for or on behalf of the shell in any capacity whatsoever.
What? Are you saying there are current management/employees/board members? Who?
Love to get that date from you, since you have your own "opinion" on when whatever you're proposing is going to happen will happen, or else you'll admit its not happening. Of course, if you have no such date, then you have no such opinion, other than just a general idea of never admitting anything.
I am willing to say with absolute certainty that yesterday was meaningless and it will lead to/cause/allow nothing, so there will be nothing over the next month or so. Which if yesterday did lead to/cause/allow something, certainly it would over the next month. And of course, there will be nothing on the 2 year anniversary of the APA as well.
Yes but remember that no matter what shares aren’t worth anything.
The crazy part is that with all this insanity of “opinion” and “interpretation” if you ask anyone with any official relationship to the proceedings (which are all totally over other than this unrelated thing today) about a second transaction their uniform reaction would be “What?” Yet there is comfort in asserting that someone can have a valid opinion about anything, including a stay of execution when they’re already totally dead.
I’ll be honest: I think you’re avoiding because it’s so devastating to your presumption. In any event, take a look at the below and see if you see any similarities to Bioamber and how it could render the snippet in question to be useless.
CALGARY, Alberta, April 23, 2020 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a sale transaction (the “Transaction”) pursuant to which Return Energy Inc. (to be renamed Spartan Delta Corp.), through its wholly-owned subsidiary, Winslow Resources Inc. (the “Purchaser”), will acquire substantially all of the assets of Bellatrix for cash consideration of $87.4 million plus the assumption of certain liabilities at closing. The Transaction remains subject to the approval of the Court of Queen’s Bench of Alberta (the “Court”) in the Company’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”), among other approvals and applicable conditions.
Pursuant to the Transaction, the Purchaser will acquire substantially all of the Company’s assets relating to its oil and gas business, with the exception of the Company’s working capital and certain other excluded assets. The Purchaser will assume a number of liabilities of the Company relating to its joint ventures and other agreements, and environmental obligations relating to the purchased assets.
The Transaction is the result of the Company’s previously announced Court-approved sale and investment solicitation process (the “Strategic Process”) in its CCAA proceedings. Pursuant to the Strategic Process, the Company completed an extensive review of the potential transactions and alternatives that may be available to Bellatrix, with a view to maximizing value for the benefit of the Company and its stakeholders.
After careful consideration of the results of the Strategic Process, the terms and conditions of the Transaction and the current circumstances facing the Company and the Alberta oil and gas market as a whole, and following consultation with certain key stakeholders, Bellatrix, with the assistance of its financial and legal advisors, has determined that the Transaction represents the best available alternative in the circumstances.
The Company intends to seek Court approval of the Transaction in the near term. Subject to Court approval of the Transaction, applicable regulatory approvals and the satisfaction or waiver of the other conditions to the Transaction, the Company expects to implement the Transaction by the end of June 2020.
Materials publicly filed in the CCAA proceedings are made available on the website of PricewaterhouseCoopers Inc., the Court-appointed monitor in the CCAA proceedings, at http://www.pwc.com/ca/bellatrix.
Goodmans LLP is acting as legal counsel to Bellatrix in connection with the Strategic Process and the CCAA proceedings, and BMO Capital Markets is the Company’s financial advisor.
Do you accept that I have identified another company on this list that is also liquidated and dead with no recoupment, 0, to then existing shareholders?
Yep. Just no money from this. Not now, and not ever.
We can agree that you can always say you believe, always, no matter what. But the above won't change.
You will never understand why people would believe that a company that was reported to be liquidated for 4.34m was liquidated for 4.34m? Do you at least accept the former, I.e., that that was what was reported? I mean it was reported in plain black and white English.
Maybe, the denial is still strong and I think projecting faith in the “DD team” does a lot for morale. But since obviously nothing will come of the court case today and after the 2 year mark there will be almost no new milestone to target, that could be a point where people start to turn. If the misled start to look at the snippets and their concrete rebuttals it could cause a snowball effect that unravels support for more hopeless snippets and theories at a faster and faster rate.
Last night's snippet was completely roasted as I was able to show another worthless, liquidated shell in the same data set that was purported to evidence the healthy existence, as opposed to the lifeless and liquidated status, of the liquidated shell.
It’s about as risen as Bellatrix, another delisted, assets stripped, shareholders at 0 for all eternity company. Also on this prove nothing list with no filings for a year, management resigned, shareholders hosed and gone. Give it up.
All that remains is your final acceptance.
You don't know anything other than the liquidation that was reported. If you did you'd tell us when/how the "2nd transaction" was happening and then admit defeat when it doesn't. But you won't. You will keep predicting a new date, in perpetuity. No chance for tomorrow, of course.
Then nothing, as you know.
There wasn't a single point made. Literally. I thought it was funny though.
still a liquidation though, right?
Check Error
OK here you go. The Upfront Purchase Price was $4.34M, and there was a deposit on that of $334K (I think, I could be off by a few thousand). They key certainly was upfront, that was the guidance given by the Monitor to the bidders.
The deal you set forth was for 2.1B with 725M upfront. These things can be written up a lot of different ways, as long as they are clear. I think the total consideration and timing of it is pretty clear, don't you? I would say equally as clear as the 4.34M paid in connection with LCY/Visolis' purchase of materially all of the assets of Bioamber. One thing that wasn't done here, and would/NEVER could be done, is use "Upfront" as a subset of a total consideration, with the remainder to be set forth elsewhere. If there was an inability to set forth other terms of a deal, they certainly wouldnt be allow to "hint" at them, right?
My Cousin Vinny
The end results have been reported to the public per applicable law.
Who would put that news out given the restructure is over?
What does “very very soon” mean to you? 6 weeks? 6 months? I am certain nothing will happen by those dates- can we put you down for one of those? If we can’t, are you being very truthful when you say “very very soon”?
Well you start with what you know for sure, right? We know for sure that LCY acquired the Sarnia plant in an asset purchase for 4.34m. Other than that, we know LCY has a lot of available financing and ambitions. Looks like there are utilizing the assets they bought as part of a larger strategy.
Do you want me to submit the bids to you for you to not answer if they were the bids again? We don’t have to guess as to the exact contents of the eleven bids referenced in your highlight.
Given the SISP was over, there was no bids for the shares, you known damn well that “business as a whole” meant the whole lot of assets, as opposed to piecemeal. Don’t like that as an “interpretation”? Consult the 11 bids supplied.
Not telling you, SHOWING you and PROVING to you it’s dead.
Since it’s very very very soon, what date can I pencil you in for that if nothing has happened by then, you’ll admit nothing was/is gonna happen?
This document came after the failure of the SISP. As you know, the SISP yielded no buyers for the shares of the company. They were liquidating. The best they could hope for was a buyer acquiring all that was left in one fell swoop (the “business as a whole”). If there is any confusion, take a look at the APA that was signed and presented along with this report.
Either you believe what the Monitor has written or not.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158662708
Do you deny these were the bids?
How would a company without any directors or officers undertake any corporate action?
A better understanding that an outside of CCAA end around taking 2+ years to be announced and a year after delisting can, has not, will not ever happen in the history and future of the stock market would have been a lot more helpful.
I agree with you on shares not being canceled since the company was liquidated. So was that the bid list or not?
A bed wetter refers to someone who is nervous about something. His reference was clearly to then current investors who were nervous about their tanking investment.
I am unable to free these no hopers. They’re deep in denial and they’re understandably biased toward the hogwash they’ve been supplied. You could say you’ve found a snippet today on a McDonalds happy meal that indicates the Hamburglar will be buying the shares for a billion dollars and you’d get a chorus of “the Hamburglar!! Caaaaawwww!” Because you’ve been supplying the hope to this group who has defied all logic now 2 years later. You must know at this point that this is over as the snippets have no direction, no through line. Just mud to throw at what the Monitor and court told you happened. Turn em loose!!
There is absolutely nothing anyone can do with their shares.
It’s just that, you’re one of those people that needs to be turned loose!