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SBRH oppps some whacking
SBRH picked it up for the RUN!
was in another stock that the DTC froze services for and eventually all trading came to a halt.
then how can someone make a "point" when they don't really even know? lol
and thats suppose to change my mind? I disagree. we will see in the end. M&M would sell out their own grandmother for the hope of a lesser sentence. but hey JMO
no they won't they both sang like a canary IMO
read the filing. see which box was checked for each and you will have your answer. Mosky had the plea bargain going from the JUMP. Metter not in May but then changed his tune in June. Guess Mosky likes to talk....and did.
one of the worst summers i can remember in a very long time
agree OTOW was a nice one today. letting it settle then I'll grab some more for the next leg up
waiting to see if it dips a bit lower before it starts back up. closer to EOD.
same here!
OTOW going to surpass HOD on this next leg.
im holding on and waiting for the time bomb to go off. I know this one is going to GO MUCH higher i can feel it.
going to bust loose here. heading for 500%
OTOW, could be that kind of day!
sure is!!!
OTOW now printing. 011 UP 450% and going to bust lose here
OTOW up now 400% HOD and still heading higher
OTOW a thing of beauty
None of those people lied about the SPNG revenues, none of those people were responsible for a 10K not being filed. None of them lied about FAKE companies,share structure and PR's.
M&M did it all
thanks azstoney!
JLI going to see what i get out of the bounce.
Thank you for the Welcome MG. Yeah i found this one and think it's a keeper. thanks for having me :)
yeah i hear ya. lately feels like a storm coming and taking so many of these plays with it.
agree, may call it a day early today.
PMAH, nice one ss.
going from here. any minute!
nice board, marked!
AVTI going here AGAIN! next level UP
AVTI a few more hits and another move UP here!
AVTI monster here
they already did...mosky and metter, just not the shareholders.
desperate attempt, won't happen IMO. like i said only in rare cases does a court appoint a trustee to a chapter 11. Guess the Judge thought SPNG met the criteria
at the time im sure the court took into consideration the reasons to appoint a trustee, because to do so is very rare. compared to moskys few gripes that it was unfair, these are the list of reasons a court assignes a trustee.
Proof of embezzlement or other fraud will lead to the appointment of a trustee. Other examples of “gross mismanagement” include:
1. Failure of the DIP to pay post-petition taxes or file tax returns;
2. Failure of the DIP to maintain proper insurance coverage;
3. Failure of the DIP to investigate or pursue voidable preferences
4. Commingling of personal and business assets;
5. Failure of the DIP to keep assets of the estate in good repair;
6. Stalemate among members of the Board of Directors;
7. Lack of loyalty of current management and no confidence in that management’s ability to run the business by secured creditors.
8. Failure to provide adequate or accurate financial information
9. Failure to list assets of the estate;
10. Failure and or inability to make any adequate protection payments or ability to meet debt service.
11. Conflicts of Interest;
12. Continuing losses to the estate post-petition;
13. Questionable intercompany, undocumented transfers
14. Unauthorized post petition transfers.
*** Looks like M&M have covered most of those on the list
IMO the court will never reverse or stay the decision.
yes, thats what i was referring to. Plan on seeing SPNG next IMO
seems a trustee was assigned
Mosky tried to say that both DICON and SPNG are infused,like one couldn't thrive without the other...they were intertwined, yet all he talks about is how he lent them money, then paid SPNG back later like it wasn't his company. Makes no sense to me and won't to the court either. He infused them with 1 mil yet took most back in the end leaving the company broke and unable to pay payroll. ( per testimony)
Mosky goes on to say that Dicon couldn't stand alone and was on the verge of failing. Then he says he/SPNG were unaware of DICONS finances when they bought it.
ALL lame excuses. any Judge worth his/her salt will see this for what it is. Mosky stall tactic. Even i was aware that DICON was going under before spng bought the co. SO Mosky didn't know?
It was a cheap company to perpetrate his fraud through so he bought it. plain and simple. but hey thats JMHO
I read it, but IMO it won't happen.
Nope won't happen. The court approved the Chapter 11 for Dicon and a court appointed trustee will be put in. Appointment of a trustee requires some wrongdoing or gross mismanagement on the part of existing management and is relatively rare. ( yet here we have it!)
Grounds for appointment for cause include fraud, dishonesty and gross mismanagement. Simple mismanagement or disagreement with the debtor’s business judgment will not per constitute grounds for appointment of a Chapter 11 Trustee. Here are resons for a chapter 11, court appointed trustee to be put in.
Proof of embezzlement or other fraud will lead to the appointment of a trustee. Other examples of “gross mismanagement” include:
1. Failure of the DIP to pay post-petition taxes or file tax returns;
2. Failure of the DIP to maintain proper insurance coverage;
3. Failure of the DIP to investigate or pursue voidable preferences
4. Commingling of personal and business assets;
5. Failure of the DIP to keep assets of the estate in good repair;
6. Stalemate among members of the Board of Directors;
7. Lack of loyalty of current management and no confidence in that management’s ability to run the business by secured creditors.
8. Failure to provide adequate or accurate financial information
9. Failure to list assets of the estate;
10. Failure and or inability to make any adequate protection payments or ability to meet debt service.
11. Conflicts of Interest;
12. Continuing losses to the estate post-petition;
13. Questionable intercompany, undocumented transfers
14. Unauthorized post petition transfers.
*** Looks like M&M have covered most of those on the list
petitions filed under Chapter 11 invoke the automatic stay of § 362. The automatic stay requires all creditors to cease collection attempts, and makes many post-petition debt collection efforts void or voidable. Under some circumstances, creditors or the United States Trustee can ask the court to convert the case to a liquidation under Chapter 7, or to appoint a trustee to manage the debtor's business. The court will grant a motion to convert to Chapter 7 or appoint a trustee if either of these actions is in the best interest of all creditors. Sometimes a company will liquidate under Chapter 11, in which the pre-existing management may be able to help get a higher price for divisions or other assets than a Chapter 7 liquidation would be likely to achieve.
With PIKE nw less then 5% he has no say so, since he is no longer a 10%er ( now knowing the o/s is 3billion)
I am sure you will see many things posted of PIKE on a white horse coming in to save the day, but it is just fantasy and wishful thinking from BURNED shareholders.
The courts are in full swing....let them sort out the mess from here. debts, salaries etc will be paid first. shareholders are unsecured debt and will lose it all in the end.
yep 2.6 million DUMPED at .0001 and buys at .007 worth $40-80...with one for $350. Not couming out of the ashes, turning into ash.