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No. You're living in the past. It was brought out of chapter 11 bankruptcy early last September. The notion that the chapter 7 you can't seem to understand the significance of is more than a mere fomality in the ticker transfer is nothing more than a baseless vicious attempt to undermine the accomplishments of new management in order to try to legitimize your own personal agenda. That's the only and real truth here. Go soup
I think the picture of the ticker on the package that started this conversation sure makes it look like it's all kinds of related to it.
Face the truth just once. It's because it's so good that it doesn't need an expiration date as fast as it flies off the shelves.
Cool, gotta love that revenue coming in huh.
Thank you Millions242. Because of that April 30 deadline for government objections, I believe we will be waiting until at least mid May to hear anything. Being government objections, I'm in high hopes that there would be no further obstacles. As you say, patience is key here.
Relax,
It's just cooling down a bit before we all grab us a big ole bowl of SOUP.
I've been trying but you still won't let loose of a single one of your millions to help a guy out. C'mon dude, don't be so stingy.
10.00 is a lot to hope for but if you're that confident I better hang on to my shares. Go soupq
Yup, closed out before getting bit. Good job "genius". Go soupq
Willy, iyo am I way off base in my assumption that WC's 10% ownership prior to the sale allows them any retention of the shell. I am naive when it comes to the benefits of a reverse merger if I am somehow correct on my ownership opinion.
It wasn't a hearing that was mentioned Millions242. There was an April 30 deadline for government objections. It's unclear to me what those objections, if any, pertain to because the sale hearing was supposed to be on February 22cnd. I too check Epiq daily with the same curiosity. There was also a ten and a 14 day waiting period in there but unless they run consecutively I believe those should have already past. Go soupq
It may not be new to all but has anyone noticed that the stop sign warning on the OTC website changed from a warning of being in bankruptcy to a warning of not trading on information that has not been made public. May not mean anything but the fact that it changed leads me to believe that nothing has died. Go soupq
They're only worthless until you're chasing it. Then it's wow, I should have read more than just the message board. Go soupq
Don't sell yourself short. You deserve some of the credit. Go team. Go soupq
Don't know what you mean by claiming anything to be false because when you sell your part of a company for more than you owe and have chapter 7 is a good way to get your name off of it if you can sweet talk a judge into it like what happened here. If you don't believe that then so be it. I'm not trying to sell you anything and am not buying what you're selling. Go soupq
But dare you copy and paste it since you're the pro. First paragraph of the petition for chapter 7 you won't shut up about then. I bet you won't do it. While you're at it, go ahead and see if you can sticky it lol. Go soupq
All I need to be able to do is read the first paragraph of the petition of your chapter 7 where it says you're very much wrong. I told you where to find it so look it up like I did period. Go Soupq
Millions242 ,very few seem to remember the spanking the judge gave them when they first tried to purchase Soupman. Makes me wonder if you and I are the only ones that have been here that long or if we are the only ones that paid attention and continue to do our homework. I too bought in early and am just fine with the fact right now I am in the red but the shares I've been picking up on the false fear created here sure has helped bring down my average. I will ride this mule till it either gets me up that hill or dies trying. Go soupq
Yes Spumoni. Go to the 13d put out on September 13,2017 on this page and at the bottom you will see a list of documents attached. The asset purchase agreement is among those documents. One of the sections in the asset purchase agreement is labeled No Public Announcements. It's only a paragraph long but it sure covers the subject well in the last sentence. Enjoy. Go soupq
Keep someone that knows CPR close by Millions242. The doubt that was created here was created purposely from documentation that was not intended to be considered a public announcement. In the asset purchase agreement under No Public Announcements it clearly states that. We are good here. Go soupq
What do you mean. I got the answer I was expecting. Go soupq
If what you are saying was to pan out, what is your opinion on what they are waiting for? Gallant has owned substantially everything for six months now. Go soupq
Sure, I can tell you where to find it again. Go to the chapter 7 petition and in the first paragraph it explains very well that they were brought out of chapter 11 bankruptcy through the asset purchase agreement. You speak of that document constantly, haven't you ever read it. Yeah, then it just goes on with the sellers begging the judge to overlook the fact that they don't have anything to do with anything anymore and let them convert to chapter 7 to liquidate the leftover liabilities that followed them after the sale.
See, some stuff was just not supposed to be treated as a public announcement. Go to the asset purchase agreement and in the section of No Public Announcement you will see that the last sentence of that short paragraph clealy states so as not to create doubt that none of the sellers petitions or filings should be considered a public announcement. Key words there, so as not to create doubt. Look all that up. It's a good read. Go soupq
Especially after emerging from chapter 11 bankruptcy with a clean balance sheet and even more money the next trustee action could bury the q for good. As far as Shaq goes, so.....
Go soupq(q) I kind of like those hidden message parenthesis you through in there too. Nothing like a little reality to go along with the entertainment.
You know it Millions242. I believe the value will correct itself quickly. How high that value will be is yet to be determined but emerging from bankruptcy with a clean slate is a pretty good start in itself. We've seen several new strategies Hagan is working on. He's being very aggressive about building the company's distribution through promotions and specials. SOUP was trading at 2.86 with the old regime's bad management so where would that put the value of the company with higher distribution, better management and a clean balance sheet. I can't say what the numbers will be but when we get a SEC filing or something of that nature you are going to see SOUP on your list as well.
By the way, thanks for posting that 8k earlier. I had never given it much attention. Glad I did. Those guys have nothing to do with the ticker and this was nothing more than a basic change of management through a corporate buyout. See you at the top my friend.
LOL and oops too. Anyway, that's what I thought. That's why I just don't think Tkanes belief is going to pan out. I still believe the same as I always have but if I turn out to be wrong it seems to me that it's this ticker or no ticker. I just wish we had a new docket to look at. I wonder if it has something to do with that waiting period the trustee was petitioning the judge to waive. I think we should just go to the ranch and hunt hogs while we wait. You up to it? (Look, I think I got my punctuation right lol)
Question Tkane. Do you know of any reason why Gallant would have to wait for the chapter 7 to be complete before trading under a new ticker if they didn't purchase the soupq ticker.
Thanks Millions242. I'm a little busy right now, but I plan to read everything with a different mind set when I get back home. This time my plan is to try to prove my own interpretations wrong.
On a different note, I wonder what's holding up new dockets on the hearing. Go soupq
It has everything to do with excluded assets. The common stock as a whole are not mentioned in excluded assets or anywhere else other than the SEC filings. Shares of common stock owned by the seller is though. I don't know if the trustee is liquidating those shares to help pay the bills or not. The only place they have been mentioned further is in that weird 8k that got put out in October that doesn't seem to have what it takes to get posted above that 13d on this page. Freedman would not have had any reason or requirement to put out anything past Karsons 8k if they didn't have anything to do with the common stock as a whole.
First off a question is not a statement. Read very carefully as I repeat it. Did anyone even consider that yesterday's hearing may have carried over into today?
Read very carefully again because this is also a question. Did anyone consider that even though none of the parties had an objection, when it got to the judge she may have objected to something in it that may have taken longer than the five minutes you gave her to discuss it?
You are correct Millions 242. I've seen those commercials too. I should have been specific to the type of policy. There is equity accumulated in a life insurance policy and has worth until used for the unavoidable fact of death. It is more of a savings account that an insurance company is hoping you will live long enough to pay to term before using it.
A liability type insurance like the D&O in this case is bought for protection against things you hope won't happen. There is no equity accumulated. If you are lucky enough not to have to use it, at the same time you are unlucky enough to have waisted the money you've paid into it. In reality, what is there to sell to a third party? Go soupq
I've never heard of selling and insurance policy but I have cancelled afewin my day. Go soupq
The point of the sale is to relieve the trustee of the burden of trying to come up with the money to PAY next months insurance bill. That's the reason HE states that he is petitioning the court to expedite it. The best way to verify that is to actually read docket 245. Go soupq
Has anyone even considered that yesterday's hearing may have carried over into today? Go soupq
You have always stuck to your guns about that Tkane. Don't think that I don't take that scenario very seriously. I watched for those new shares around the end of September when it was the most logical time for them to show up on the finra addition list but they just never did. That being the case has been one of the driving points in my mind that supports that they are still the owners of this ticker. I guess you could look at the way I see it as in a way being stuck with this ticker until all this bankruptcy stuff is final. I can't say they won't do all that later, but if that is the case you will see a couple hundred million shares get dumped first. Until then, I just can't agree. I believe that if it was going to happen that way it would have already. Like you say, it could be a day or two for the court documents to come out. Let's talk about it then. Go soupq
So I don't pass out from anticipation I am taking the night before Christmas approach so maybe work more and stare at my phone less. It's lunch time where I'm at and I can't seem to put it down long enough to eat. Go soupq
That's what I love about your posts Millions242. They show the optimism of what does happen at times and what we believe will happen here. I honestly believe that this ticker has never been in danger because it has never really changed hands but has simply cleaned house. Sure, I have always been the worst to butt heads with Brucebanner but have never disrespected the fact that his opinion is different to mine. As you say we have to depend on each other for information and I have learned a lot about soupq from some of his and jusdafacts posts. No, there is not such thing as a sure thing in the stock market. Just because I disagree with what they think will come of soupq in all this mess by no means makes it certain that they are not right. By all means, they have just as much chance as we do to be the ones that read it right. I think you would be the one on this board that would understand this statement. If I didn't think there was a chance that Brucebanner could be right, I likely would have never replied to one of his posts. I stick to my beliefs as much as he does so how can I say anything about him posting his. If you don't hear both sides you will probably miss an opportunity for some information that may or may not change the way you feel. I actually enjoy debating him and believe he feels the same. If nothing else it passes the time while we wait to see who's right.
As far as those uplifting examples you just posted, remember pwfi went 1900 in the green just a couple of months ago. It can happen and I believe it will for us as well. I missed out on it because I wasn't paying attention because of arguing soupq with the other side that day.
My hopes are high that tomorrow's hearing is what we are waiting for. I know you are too because you are still up looking at this board just like me. Good luck to everybody on this board and if it flies or dies tomorrow, thank you everyone for the most educational stock message board I've ever read. Go soupq.
Millions242, I hope my theory of the fact that Wealth Colony was 10% owner before the asset purchase agreement will the common stock ticker from bankruptcy and remove the q when this sale is final. However, Tkane made a very good point about the fact that there is also an objection deadline for government issues as well. I believe it was April 30. I don't know what that is all about because it doesn't elaborate on that in docket 245. I'm not at all trying to sourthis sale that we are hoping is our final step but I just wanted to bring it up just in case this sale is not and doesn't relieve us of the non disclosure agreement. I'm watching tomorrow with every bit of the same high hopes you and the rest of us are. Go soupq
Oops Million242, I forget to mention to hit search after you put soup liquidation llc in the cases box. Sorry about that. Go soupq
I was able to figure out the new navigation and it is a bit tricky at first. Hit filter, then in the cases box just put in soup liquidation llc and then it's the same as it used to be from there. Unless they've posted a new docket since 8:30cst there isn't any new dockets past 245. Hope that was helpful. Go soupq