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I don't think this would cause it, but I noticed the share structure is no longer "Verified by Transfer Agent"
Looks like something is about to be revealed
Anyone else see that enormous bid support growth at the end of day?
It's the only reason I stayed and I'm very interested to see what's going to happen tomorrow.
With only with two people running it, not enough interest
Looks like a personal, ATM so that's why I had to get out with a loss.
GLTA
The Debtors filed today and requested Chap 7
POLSINELLI PC
Wilmington, Delaware
/s/ Christopher A. Ward
Jeremy R. Johnson (Admitted Pro Hac Vice )
Counsel for the Debtors and Debtors-In-Possession
Gallant Brands gave us news earlier
https://www.prnewswire.com/news-releases/soupman-inc-emerges-from-bankruptcy-300527223.html
Who is Crestwood?
By this Motion, and pursuant to section 1112(a) of the Bankruptcy Code, Crestwood respectfully requests the entry of an order (the “ Order ”), the proposed form of which is attached hereto as Exhibit A : (i) converting the Chapter 11 Cases to cases under Chapter 7 of the Bankruptcy Code effective as of the date of the entry of the Order; and (ii) directing the U.S. Trustee to appoint a Chapter 7 trustee.
My buy on the ask took 10 minutes to fill
Nice volume yesterday.
Keeping an eye on this one.
I don't see "Soup Liquidation LLC." listed at the SEC
SOUPMAN, INC. CIK#: 0001475273 (see all company filings)
SIC: 5960 - RETAIL-NONSTORE RETAILERS
State location: NY | State of Inc.: DE | Fiscal Year End: 0831
formerly: PASSPORT ARTS INC. (filings through 2011-01-25)
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001475273&owner=exclude&count=40
https://www.otcmarkets.com/stock/SOUPQ/profile
So if they didn't purchase the publicly traded ticker SOUPQ,
why hasn't the old company (the sellers) filed for a name change yet?
Section 7.4. Certain Actions.
Within one (1) day after the Closing Date, Sellers shall take such corporate and other actions necessary to change its corporate or company name, as the case may be, to a name that is not similar to, or confusing with, the current name of Sellers, including any necessary filings required by the general corporation or other law of the states in which Sellers is incorporated or otherwise qualified or registered to transact business. Sellers acknowledge that the name “Soupman” and all other Intellectual Property shall be and remain, after the Closing, the sole and exclusive property of Purchaser.
SOUPMAN, INC. CIK#: 0001475273
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001475273&owner=exclude&count=40
https://www.otcmarkets.com/stock/SOUPQ/profile
About Gallant Brands, Inc.
Gallant Brands, Inc. (GBI) was founded with the specific purpose of purchasing Soupman, Inc. assets and operating the company under new management. GBI has identified one critical employee and has engaged a team of financial and food industry veterans with over 100 years’ experience collectively as its management team. With an emphasis on strong cash flow, the Gallant team will implement simple operational changes, capable of saving the business over $1.2 million per year in spending while aggressively pursuing new business opportunities. Gallant is committed to communication, transparency, and accountability with the Soupman, Inc. constituents.
http://originalsoupman.com/news/soupman-inc-emerges-bankruptcy
Joseph Hagan Founder, President at Gallant Brands, Inc. dba Soupman Inc.
Founder, President
Gallant Brands, Inc. dba Soupman Inc.
September 2017 – Present (2 months) Greater New York City Area
Gallant Brands, Inc. is a newly formed Delaware Corporation that acquired all of the assets of the formally bankrupt organization, Soupman Inc. and now operates the business under the same name. Owner of The Original Soupman brand which was created in 1984 by Al Yegenah and made famous by Seinfeld in 1995.
https://www.linkedin.com/in/joseph-hagan-45388342
Yes they looked new and clean.
I'll see if I can get a pic of them later today.
I'm guessing the shelf life is two years.
So I'm looking for the newest one and that date caught my attention.
All the others had late 2018 dates.
But I could be wrong and it's three years.
That's what I was thinking. Especially with that 1.1M bid earlier.
I agree SOUPQ has a good chance of taking off soon.
That are convertible into common shares
The news leaked yesterday causing the jump
"We are selling great soup, and we're going to sell a lot more," said Joseph Hagan, president of GBI when asked if the business would continue operations. "A new regime is poised to finally capitalize on this brand's colossal value."
This is great news!
"We are selling great soup, and we're going to sell a lot more," said Joseph Hagan, president of GBI when asked if the business would continue operations. "A new regime is poised to finally capitalize on this brand's colossal value."
Hagan continues:
"I am proud of the collective efforts of our team. We have all worked diligently to avoid interruption in operations and to identify those business opportunities that move our business forward. We are especially pleased to have the support of our long-term shareholders, vendors, suppliers, franchisees, and our customers. Their patience and commitment through this transitional period for Soupman has been pivotal in our re-emergence. We look forward to keeping the public informed of our streamlined business model, new customers, and exciting new opportunities."
Soupman, Inc. Emerges from Bankruptcy
They also own warrants at a conversion factor of 1:10
(1) Does not include 23,745,600 shares of Common Stock which may be acquired by exercising a warrant to purchase 2,374,560 shares of Series B Convertible Preferred Stock and converting the Series B Convertible Preferred Stock into Common Stock.
https://www.sec.gov/Archives/edgar/data/1475273/000149315217006412/sc13da.htm
(a) WealthColony Management Group, LLC and Jeffrey Freedman may be deemed the beneficial owners of up to 119,882,964 shares of Common Stock representing approximately 41.5% of the outstanding shares of the Issuer’s Common Stock.
The aggregate percentage of Common Stock beneficially owned by the Reporting Persons is calculated in accordance with Rule 13d-3 and is based upon 288,845,379 shares of Common Stock outstanding as of May 4, 2017, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2017.
(b) By virtue of their control of the Limited Partnership, WealthColony Management Group, LLC and Jeffrey Freedman share the power to (i) vote or direct the voting and (ii) dispose or direct the disposition of all of the securities of the Issuer held by the Limited Partnership.
The Reporting Person previously reported that it had received documents entitling it to transfer 5,906,373 shares of Series B Convertible Preferred Stock to the Limited Partnership. The Issuer has not engaged a transfer agent with respect to the Series B Convertible Preferred Stock. As a result of the absence of a transfer facility, the proposed transfer of the Series B Convertible Preferred Stock was not completed and the transfer was canceled.
https://www.sec.gov/Archives/edgar/data/1475273/000149315217009603/sc13da.htm
"The Company" is the old Company
People please read more...
As previously disclosed, on June 13, 2017, Soupman, Inc. (the “ Company ”) filed a voluntary petition (the “ Chapter 11 Case ”) under Chapter 11
The Company is evaluating its options with respect to the sale of the remaining immaterial assets and wind-down of the Company.
FORM 8-K
Group Alert 6-16-17
Got this @ 12:47 today
PSRU - PureSpectrum, Inc.
Cannabis industry forms to “be ready” for national legalization
“It’s an exciting time and a rare opportunity where an industry with such amazing growth potential is on the verge of professionalizing,” he said.
“If we do this right, we can take the industry to a place where national standards and regulatory certainty allow businesses to do what they do best.”
The National Association of Cannabis Businesses
SANP news just keeps getting better
Good news. Waiting patiently.
SANP
How much was the note?
How much is left?
This part is important
"Podwerks aims to deliver to its owner-operators includes access to private financing, pod management services, and their exclusive 420 Depot hardware support for part replacements."
I don't care if the twos are getting hit. Today's news is great.
I have spent thousands on growing equipment. I have a few of these: http://growershouse.com/6-cool-tube
Now look how much Yongkang Tengrun Electronics Co.charges for them: http://tide-star.en.alibaba.com/product/883969212-213547168/Custom_aluminum_reflector_for_Hydroponic_Grow_Tent_System.html
Nice profit!
SANP will bounce back
They sell them on Amazon. Great reviews.
https://www.amazon.com/gp/product/B01MRV5NTQ/ref=s9_acsd_hps_bw_c_x_1_w
Look at the chart from March 8. This is when they make money. Just play the hype until it crashes.
The gold is worth more in the ground and that's where it's going to stay. Rinse and repeat.
Great day today!
This is the current Share structure
CURRENT SHARE STRUCTURE as of 3/3/17 from Pacific Stock Transfer
A/S 3.7 billion
O/S 1,994,120,000
Restricted 1,076,322,411
Float 917,797,589
It has to be panic selling or people bailing from the 1's and 2's cause there's no dilution and I can't see people shorting at the 3's
CURRENT SHARE STRUCTURE as of 3/3/17 from Pacific Stock Transfer
A/S 3.7 billion
O/S 1,994,120,000
Restricted 1,076,322,411
Float 917,797,589