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They changed the applicants address for purposes of maintaining a patent. There is no corporation anymore effectively.
Seriously turn these folks loose.
They can’t change the address for the applicant of a patent they bought in the name of a company whose trade name they bought?
Why not? Because it ruins an insane theory that a stated liquidation was really a stock purchase disguised as a liquidation in order to enrich only the most astute snippet surfing investors at the expense of the general investing public that missed out on it?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHA
Turn these folks loose! You have absolutely nothing!!! Turn em loose!!!
The group who bought all the assets of value has arranged for the address change.
Now stop punting when nothing happens over the next month and accept your fate in good faith.
The group who bought the name I’m sure. Why is it relevant? Because you don’t believe the liquidation that was reported? Why?
Why did you write “tic toc” when you KNOW absolutely nothing is happening in the near term and you will have to keep punting down the field to keep hope alive? Or can we hold you to that? When nothing happens in the next few weeks will you accept? If no, then you should not have written “tic toc”.
Well thats the thing- the equity is no worse off since they were always toast in a bankruptcy. If you look at each of the classes, they are all equally well off or better with the small recovery compared to any other scenario that was available to them. Had they waited and not have had an organized protection, they would have run out of money to even complete the bankruptcy properly.
The other line often used is "no hardships that outweigh the benefits". Also totally applies.
You have seen what happened. You are now amongst a number of people waiting to see when you’ll admit that.
The selected outcome in EVERY SINGLE bankruptcy is in the best interest of all stakeholders. That is the duty of the Monitor and the judge under the law. That includes bankruptcies where secured creditors are severely impaired and shareholders get nothing, which unfortunately, are most bankruptcies.
Well we know for sure nothing will happen upon closure of the case. What we don’t know is how many will continue to hang on after that. But I am very confident that some will.
Crazy to say “no body knows”. Like it’s a game of “what’s behind door #2”. That’s not how reporting rules for publicly traded companies work. At all.
It’s irrelevant where you get the information from. All that matters is that it’s correct.
The only correct information here, undoubtedly, involves a liquidation/delisting/deletion.
And it has absolutely NOTHING to do with me.
I promise you, with 100% confidence, that nothing will happen on Monday. Or any day next week. Or ever. Unfortunately.
I think I know what you mean. And I believe you. Which is why I said you had "less than nothing".
There is absolutely no support, anywhere, for any level of shareholder recoupment here. And dangling any level of hope, at all, is just not right.
Less than nothing
If you know they're coming, then they're not surprises.
Well they bought everything of value, at least we know that.
My tree service?
There is no chance whatsoever of the shares trading again or any consideration ever being received for them.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHA. You’ve got to be kidding me.
So how does the buyers potential plans to relist its shares change the information presented in the other article that it bought a plan from a now defunct liquidated company?
So does that clear it up? August of 2020 and clearly LCY owns the plant once owned by the now defunct liquidated company?
I said full stop that your thoughts about a short attack were not healthy. That goes for any security.
While I will stop short of calling the stock market a "level playing field", it does burst with opportunity for all. Everyone makes mistakes in their approach to it at times, but avoiding being critical of a strategy in favor of calling out a nonexistent third party is both a losing strategy and totally ineffectual.
The only healthy thoughts about an investment are unbiased, practical thoughts. Short attacks do not enter into that equation. Especially for a stock at a dollar, which are hard and inefficient to short. If you're going to praise your DD when the stock rises, blame your DD when it drops.
Don't get me wrong, this company is a miserable performer.
But with no new information out today, and the idea of a short attack a fallacy driven by entrenched long shareholders, today's drop can be explained by a general dip in the market at large.
The market is down, there is no short attack. Unhealthy thought.
There is, quite literally, no doubt whatsoever, that a JV involving BOTH Visolis and LCY, bought all items of value including the lone plant, for 4.34M.
LCY bought the plant. Why the snippets??
Why allow any more hope here?? Turn em loose!!!
I realize that everything of material value was purchased. That’s what a liquidation is. For 4.34M paid upfront at closing.
The purchase of the assets for 4.34M is covered in the 6th Monitors report. You could also check out the 10th report where they plead with the general public to give up any hope that the 6th report was somehow made up.
Yeah the Monitors Reports aren’t nonsense.
The new owners relocated correspondence related to the assets they bought.
It’s a new mailing address for a defunct business whose assets were bought and the owner of the assets has reason to collect its mail and carry on a trade name it bought.
Wait- did you think a new mailing address meant the publicly recorded liquidation didn’t happen???
I've already said before that I'm a paid member of the evil short organization that plagues all bankrupt stocks with almost 0 short position that shareholders think will pay them out 2+ years later.
Absolutely right. There is no “cancel link”. May never be one. Definitely will never be a second transaction, though, that’s for sure.
In general it’s a good thing and could be why the stock is trading above a dollar as opposed to some lower amount. Of course, those insiders enjoy other employment benefits that could be impacted by selling since that could trigger a total collapse, so they may not have a choice. But yeah in general it’s a sign of confidence.
Don't shoot the messenger.
It has 0 employees.
Have you been following along? Liquidated. Who said canceled? Who is left to cancel it?
LOL indeed. Thing’s liquidated. Technology was a good buy though, potentially.
You witness the death
You attend the funeral
You receive the ashes
You scatter the ashes
Then- you notice someone is still receiving mail for some remaining matters
And you assume the death did not occur??
That’s not being fair at all. No one said “upfront” can’t mean a down payment with later consideration to follow. However, OBVIOUSLY, that’s not what happened here, as there was a down payment already, no further consideration within the 4 corners of the definitive APA (you don’t drop hints of secret deals in purchase agreements), and then finally a specific denial of any further consideration from the buyer itself.
Somebody? You can’t be serious. You’re a shareholder in a bankrupt public company. If you don’t know who, it’s nobody.
Whos in charge?