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GIFX is a real company. A shell. They changed their name, but never reverse merged with GIFA...
Just curious as to HOW you know the judge has it now, since the tweet said the attorneys were (still) working on it.
You might be reading that Tweet incorrectly. Says court approval from Sep. 10 was subject to confirmation order, which attorneys for BRTX(q) are working on now, and that 8K would be filed 4 days after approved confirmation order. The tweet did NOT say when that confirmation order would be completed, handed in and approved.
This ticker is anything BUT boring! lol I've been in a stock before where there were spikes up off a base, and then it went up 5000% in 2 weeks! I'm expecting something similar here!
Looks like Rick's picking from others than Jonway too.
From this article:
The plan, approved Wednesday by Judge David R. Jones of the U.S. Bankruptcy Court for the Southern District of Texas, will allow the reorganized company to continue operating with pre-bankruptcy note holders and general unsecured creditors taking over the equity.
NOTE HOLDERS AND GENERAL UNSECURED CREDITORS TAKING OVER THE EQUITY (IE: NEW COMMON SHARES....MEANING OLD COMMON SHARES ARE CANCELLED)
From the POR... The confirmation by the court of the Prearranged Plan will allow for the recapitalization of Hi-Crush, and enable our company to continue delivering high quality services to our customers with the added benefit of a significantly improved balance sheet,..."
Notice the word in red. This word usually means old common shares are cancelled and new common shares are issued to (at least some of the) debtors. Anyone know different?
Oh, okay, thanks for the update. Red means "running in the wrong direction." Gotchya! In 2 minutes it'll be green, then that means it's running in the right direction? LOLOL!
It ain't running in ANY direction, what you talking about?
Shares are going to be very dear in just a little while!
The trend in your friend, and in this case, a nice juicy pennant!
Yay! Which means only approximately 3M shares entered the O/S over the last week, which were the last residue of notes which had already been paid off with shares (but not traded) before the announcement of active convertibles being bought off. We're getting ready to cook off pretty soon!
Good luck proving something that isn't there! lol!
TREND - "The general direction, prevailing tendency." Do you really buy and sell because of what a stock's price has done in the last 2 hours? That kind of trading is going to cause you a lot of pain! lol!
No one buying... No one selling. Usually breaks in the direction of the trend... UP UP UP! lol!
All the info you provide simply reinforces my assertion, that Desmarais was able to influence the valuation which the company gave the BK court.
I don't think the company "rejected his (Desmarais') liquidation plan" at all. It was AUCTUS who rejected it (on behalf of all the shareholders and debtors). I think the company was in Desmarais' pocket until then. I don't think they went and asked him what the company was worth... I think he told them what to value it at, and his influence was that he had the lien against their IP and was willing to give them $500,000 besides, and they had no other option until AUCTUS. But if that's not obvious to you, I guess you might think it was absurd.
Oh, so your comments re: the value of the company are simply speculation, just as I figured. Who stood to gain from the value of the company being estimated so ridiculously low? Desmarais, that's who. And you're telling us that he had no influence with those who made the estimation of value? Impossible to believe. But we're supposed to believe you, just because you say so?
How can you POSSIBLY know that? Can you provide proof?
It was the company's statement, influenced and/or directed by Desmarais no doubt.
That was, no doubt, Desmarais' estimate, figured WAY WAY WAY low so that he could steal the company for pennies on the dollar!
MM's hiding my 100K bid.
Either that, or the deception was in getting BRTX(q)'s SP down to .0001, so that Desmariais could buy it for a song. I'm betting the value always WAS much more, and gaining every day with the work the company is doing, and AUCTUS discovered it before it was too late.
No thanks. I watched but didn't learn your "prediction" from last Friday. You were only off by 50%! lolol!
So why promote the most unlikely of scenarios?
Don't invest in ANY stocks with this kind of attitude, because what you're saying is true of 95% of all stocks out there....lol. All it takes is a competitor to complain and BAM, the stock is halted, is that what you're saying? RIDICULOUSNESS!
Antonio Meucci invented the first telephone in 1856. Alexander Graham Bell patented his telephone in 1876.
EVERY company is a failure... UNTIL IT SUCCEEDS!!! LOLOL!
Tech patented AFTER March 20, 2020 is worth more than unpatented tech prior to that date. Some may think patents don't carry much weight, but Alexander Graham Bell was NOT the first to develop a working telephone... he was just the first to PATENT it! Anyone know the name of the FIRST inventor of the telephone? NO! lol!
The specs for any car sold in America will be changed for America. Business 101. lol!
The specs for any car sold in America will be changed for America. Business 101.
Great close on Friday. Bodes well for Monday.
No dilution.
Phase II drug trial likely fully funded.
Hardly any selling.
Monday, the price will climb the wall! lol!
Steve
Yes, I think JONWAY'S vehicles look kinda ugly... like the Volkswagon Beetle used to look ugly to Americans... until it became an American icon! Within 5 years, I predict JONWAY'S designs will dominate the market!
People wondering what DSGT used to pay off the toxic convertibles... JONWAY! You don't sign up a company to distribute your multi thousand $$$ vehicles in the most lucrative market in the world without helping finance their rollout! You just don't! Jonway will have a MAJOR STAKE in DSGT's success, partnering with them every step of the way!
NO, he didn't say "no dilution." He said toxic notes were paid off, not that all dilutive shares had been rescued from entering the O/S.
Once it couldn't even get over .005, then .007, then .01, then .015, now "it couldn't even get over .02." FOR NOW! lolol! It's called TRADING for a reason!
In your opinion.
Sure, I can think of several scenarios where something like that could happen. Please don't speak as if all things in the world of business are a) as they seem, and b) make perfect, logical sense.
Others have valued BRTX's IP at much higher amount than $1M. Also, that valuation was done a while ago, and things have happened since, including new patents, and surely development we know nothing about (I mean, they HAVE been in business all this time while going through the BK process). In any case, IP valuation is, again, a subjective thing, and it is not wise to put too much weight on an old one, but that's up to you.
To me it is obvious that the value of BRTX's Intellectual Property has risen sharply with their coming out of BK with common shares intact and with NO DEBT. It remains to be seen how strong an interest there will be in the new and improved BRTX, but it could be FANTASTIC!
IP values are so subjective. They're not like prices at the local grocery store. Also, IP prices will fluctuate wildly based on development, interest and other factors. So no, BRTX(q)'s IP asset does NOT have a fixed price, and in fact assuredly has a higher value NOW due to the incredible increased interest in this stock, as well as coming out of BK (rather than going in) with NO DEBT! Just SOME of the factors increasing the value of their Intellectual Property.