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got 50 jan 2022 50cent calls .15 cents each
might buy back inn
speaking of jabs look how he just appointed your new vaccine dr. its ok if you can't pronounce his name, i don't think hes american..
his eyes say hes not only a supporter but a user
https://www.nytimes.com/2020/05/13/us/politics/coronavirus-trump-operation-warp-speed.html
well_cr@p,so_you_CAN_go to otc before filling out"form 25"
darn it,
welp let me pull out my "otc chart play book"...
i just dont see otc with no form 25, court isnt untill the end of month, so how can this be? ive been wrong lots of times but it sounds funny.. guess we see monday
i cant find a form 25...https://www.sec.gov/edgar/searchedgar/companysearch.html
why can't i find a "form 25" bra?
on the first? i can't find anything? https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
added more today
from the company...
Valued Akorn Stakeholder:
You are receiving the attached notice related to Akorn, Inc.’s Chapter 11 filing. On May 20, 2020, Akorn
announced that we have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in
the United States Bankruptcy Court for the District of Delaware in order to facilitate an in-court sale of our
business and best position the Company for long-term success.
The attached notice lets you know that Akorn has filed its Disclosure Statement, a document in our
Chapter 11 case that details information about our business and its assets and liabilities, and that we will
be holding a hearing to approve it. We want to assure you that notices like this one are typical of the
Chapter 11 process and are sent out to various stakeholders, including current and former employees,
suppliers, and certain customers, among others. You may continue to receive notices like these as the
case progresses. This notice has no effect on your continued relationship with Akorn.
Please know that Akorn is operating our business as usual. We will continue to develop, manufacture
and deliver our products as normal throughout this process and expect to meet our go-forward
commitments to our associates, supplier, customers, and regulators. Our focus, as always, is on
improving patients' lives through the quality, availability and affordability of our products – we have taken
the necessary steps to ensure we can continue this focus and meet our obligations throughout this
process.
We are committed to keeping you informed throughout this process. If you have any questions about this
process, please visit www.akorn-forward.com for more information or reach out to your usual Akorn
contact.
Warm regards,
Doug Boothe,
Chief Executive Officer
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
)
In re: ) Chapter 11
)
AKORN, INC., et al.,
1 ) Case No. 20-11177 (KBO)
)
Debtors. ) (Jointly Administered)
)
) Objection Deadline: June 24, 2020 at 4:00 p.m. (ET)
) Hearing Date: July 1, 2020 at 2:30 p.m. (ET)
)
) Re: Docket Nos. 101 & 102
)
NOTICE OF HEARING TO CONSIDER APPROVAL OF
DISCLOSURE STATEMENT FOR JOINT CHAPTER 11 PLAN
OF AKORN, INC. AND ITS DEBTOR AFFILIATES
TO ALL PARTIES IN INTEREST:
PLEASE TAKE NOTICE THAT on May 26, 2020, the above-captioned debtors
and debtors in possession (collectively, the “Debtors”), filed the Joint Chapter 11 Plan of Akorn,
Inc. and Its Debtor Affiliates [Docket No. 101] (as may be amended, modified, or supplemented
in accordance with the terms therein, the “Plan”) and the proposed Disclosure Statement for Joint
Chapter 11 Plan of Akorn, Inc. and Its Debtors Affiliates [Docket No. 102] (as may be amended,
modified, or supplemented, the “Disclosure Statement”).2
PLEASE TAKE FURTHER NOTICE THAT:
1. A hearing (the “Hearing”) will be held before the Honorable Karen B.
Owens, United States Bankruptcy Judge, in the United States Bankruptcy Court for the District of
Delaware (the “Bankruptcy Court”), 824 North Market Street, 6th Floor, Courtroom 3.
Wilmington, Delaware 19801, on July 1, 2020 at 2:30 p.m. (prevailing Eastern Time), to
consider entry of an order determining, among other things, that the Disclosure Statement contains
1
The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, if any, are: Akorn, Inc. (7400); 10 Edison Street LLC (7890); 13 Edison Street LLC; Advanced Vision
Research, Inc. (9046); Akorn (New Jersey), Inc. (1474); Akorn Animal Health, Inc. (6645); Akorn Ophthalmics,
Inc. (6266); Akorn Sales, Inc. (7866); Clover Pharmaceuticals Corp. (3735); Covenant Pharma, Inc. (0115);
Hi-Tech Pharmacal Co., Inc. (8720); Inspire Pharmaceuticals, Inc. (9022); Oak Pharmaceuticals, Inc. (6647);
Olta Pharmaceuticals Corp. (3621); VersaPharm Incorporated (6739); VPI Holdings Corp. (6716); and
VPI Holdings Sub, LLC. The location of the Debtors’ service address is: 1925 W. Field Court, Suite 300, Lake
Forest, Illinois 60045.
2 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Disclosure
Statement or the Plan, as applicable, or as the context otherwise requires.
Date filed: 5/26/20
Docket No. 104
2
RLF1 23481734v.1
“adequate information” within the meaning ascribed to such term in section 1125 of the
Bankruptcy Code and approving the Disclosure Statement.
2. Any party in interest wishing to obtain a copy of the Disclosure Statement
and the Plan should contact Kurtzman Carson Consultants, the Debtors’ solicitation agent, in
writing at Akorn, Inc., c/o KCC, 222 N. Pacific Coast Highway, Suite 300, El Segundo, California
90245, or by email at AkornInfo@kccllc.com with a reference to “Akorn” in the subject line.
Interested parties may also review the Disclosure Statement and the Plan free of charge at
https://www.kcclcc.net/akorn. In addition, the Disclosure Statement and Plan are on file with the
Bankruptcy Court and may be reviewed by accessing the Bankruptcy Court’s website:
www.deb.uscourts.gov. Note that a PACER password and login are needed to access documents
on the Bankruptcy Court’s website. A PACER password can be obtained at:
www.pacer.psc.uscourts.gov. Copies of the Disclosure Statement and Plan may also be examined
by interested parties during normal business hours at the office of the Clerk of the Bankruptcy
Court.
3. Objections, if any, to approval of the Disclosure Statement must: (a) be in
writing, (b) comply with the Bankruptcy Rules and the Local Rules, (c) set forth the name of the
objector and the nature and amount of any claim or interest asserted by the objector against or in
the Debtors, (d) state with particularity the legal and factual bases for the objection, and (e) be
filed, contemporaneously with a proof of service, with the Bankruptcy Court and served on the
following parties by no later than June 24, 2020 at 4:00 p.m. (prevailing Eastern Time):
Proposed Counsel to the Debtors Proposed Co-Counsel to the Debtors
Kirkland & Ellis LLP
300 North LaSalle
Chicago, Illinois 60654
Attn.: Patrick J. Nash, Jr., P.C.
(patrick.nash@kirkland.com),
Gregory F. Pesce (gregory.pesce@kirkland.com), and
Christopher M. Hayes (christopher.hayes@kirkland.com)
and
Kirkland & Ellis LLP
601 Lexington Avenue
New York, New York 10022
Attn.: Nicole L. Greenblatt, P.C.
(nicole.greenblatt@kirkland.com)
RICHARDS, LAYTON & FINGER, P.A.
One Rodney Square
920 N. King Street
Wilmington, Delaware 19801
Attn: Paul N. Heath (heath@rlf.com),
Amanda R. Steele (steele@rlf.com),
Zachary I. Shapiro (shapiro@rlf.com), and
Brett M. Haywood (haywood@rlf.com)
3
RLF1 23481734v.1
Counsel to the Term Loan Agent under the Debtors’
Term Loan Agreement Counsel to the Ad Hoch Group
Wilmer Cutler Pickering Hale and Dorr LLP
7 World Trade Center,
250 Greenwich Street,
New York, New York 10007
Attn: Andrew Goldman
Gibson Dunn & Crutcher
200 Park Avenue,
New York, New York 10166
Attn.: Scott J Greenberg
Michael J. Cohen
and
Young Conaway Stargatt & Taylor, LLP
Rodney Square
1000 North King Street
Wilmington, Delaware 19801
Attn: Robert S. Brady (rbrady@ycst.com)
The United States Trustee
The United States Trustee for the District of Delaware
844 King Street, Suite 2207, Lockbox 35
Wilmington, Delaware 19801
Attn: Jane M. Leamy
4. IF AN OBJECTION TO THE DISCLOSURE STATEMENT IS NOT
FILED AND SERVED STRICTLY AS PRESCRIBED HEREIN, THE OBJECTING
PARTY MAY BE BARRED FROM OBJECTING TO THE DISCLOSURE STATEMENT
OR THE ADEQUACY THEREOF AND MAY NOT BE HEARD AT THE HEARING.
5. The Hearing may be adjourned from time to time without further notice to
parties in interest other than by an announcement in Bankruptcy Court of such adjournment on the
date scheduled for the Hearing or as indicated in any notice of agenda of matters scheduled for
hearing filed by the Debtors with the Bankruptcy Court. The Debtors may modify the Disclosure
Statement, if necessary, prior to, during, or as a result of the Hearing without further notice.
4
RLF1 23481734v.1
Wilmington, Delaware
May 26, 2020
/s/ Amanda R. Steele
RICHARDS, LAYTON & FINGER, P.A. KIRKLAND & ELLIS LLP
Paul N. Heath (No. 3704) KIRKLAND & ELLIS INTERNATIONAL LLP
Amanda R. Steele (No. 5530) Patrick J. Nash, Jr., P.C. (admitted pro hac vice)
Zachary I. Shapiro (No. 5103) Gregory F. Pesce (admitted pro hac vice)
Brett M. Haywood (No. 6166) Christopher M. Hayes (admitted pro hac vice)
One Rodney Square 300 North LaSalle Street
920 N. King Street Chicago, Illinois 60654
Wilmington, Delaware 19801 Telephone: (312) 862-2000
Telephone: (302) 651-7700 Facsimile: (312) 862-2200
Facsimile: (302) 651-7701 Email: patrick.nash@kirkland.com
Email: heath@rlf.com gregory.pesce@kirkland.com
steele@rlf.com christopher.hayes@kirkland.com
shapiro@rlf.com
haywood@rlf.com -and-
Proposed Co-Counsel for the KIRKLAND & ELLIS LLP
Debtors and Debtors in Possession KIRKLAND & ELLIS INTERNATIONAL LLP
Nicole L. Greenblatt, P.C. (admitted pro hac vice)
601 Lexington Avenue
New York, New York 10022
Telephone: (212) 446-4800
Facsimile: (212) 446-4900
Email: nicole.greenblatt@kirkland.com
Proposed Co-Counsel for the
Debtors and Debtors in Possession
june 8th?
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
)
In re: ) Chapter 11
)
AKORN, INC., et al.,
1
) Case No. 20-11177 (KBO)
)
Debtors. ) (Jointly Administered)
)
) Re: Docket Nos. 13 & 75
NOTICE OF DISCLOSURE PROCEDURES
APPLICABLE TO CERTAIN HOLDERS OF COMMON
STOCK, DISCLOSURE PROCEDURES FOR TRANSFERS OF
AND DECLARATIONS OF WORTHLESSNESS WITH RESPECT TO
COMMON STOCK, AND FINAL HEARING ON THE APPLICATION THEREOF
TO: ALL ENTITIES (AS DEFINED BY SECTION 101(15) OF THE BANKRUPTCY
CODE) THAT MAY HOLD BENEFICIAL OWNERSHIP OF COMMON STOCK OF
AKORN, INC. (THE “COMMON STOCK”):
PLEASE TAKE NOTICE that on May 20, 2020 (the “Petition Date”), the
above-captioned debtors and debtors in possession (collectively, the “Debtors”), filed petitions
with the United States Bankruptcy Court for the District of Delaware (the “Court”) under
chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). Subject to certain
exceptions, section 362 of the Bankruptcy Code operates as a stay of any act to obtain possession
of property of or from the Debtors’ estates or to exercise control over property of or from the
Debtors’ estates.
1
The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, if any, are: Akorn, Inc. (7400); 10 Edison Street LLC (7890); 13 Edison Street LLC; Advanced Vision
Research, Inc. (9046); Akorn (New Jersey), Inc. (1474); Akorn Animal Health, Inc. (6645); Akorn Ophthalmics,
Inc. (6266); Akorn Sales, Inc. (7866); Clover Pharmaceuticals Corp. (3735); Covenant Pharma, Inc. (0115); HiTech Pharmacal Co., Inc. (8720); Inspire Pharmaceuticals, Inc. (9022); Oak Pharmaceuticals, Inc. (6647); Olta
Pharmaceuticals Corp. (3621); VersaPharm Incorporated (6739); VPI Holdings Corp. (6716); and VPI Holdings
Sub, LLC. The location of the Debtors’ service address is: 1925 W. Field Court, Suite 300, Lake Forest, Illinois
60045.
2
RLF1 23472520v.1
PLEASE TAKE FURTHER NOTICE that on May 21, 2020, the Debtors filed the
Debtors’ Motion for Entry of Interim and Final Orders (A) Approving Notification and Hearing
Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Common
Stock and (B) Granting Related Relief [Docket No. 13] (the “Motion”).
PLEASE TAKE FURTHER NOTICE that on May 22, 2020, the Court entered the
Interim Order (I) Approving Notification and Hearing Procedures for Certain Transfers of and
Declarations of Worthlessness with Respect to Common Stock and (II) Granting Related Relief
[Docket No. 75] (the “Order”) approving procedures for certain transfers of and declarations of
worthlessness with respect to Common Stock, set forth in Exhibit 1 attached to the Order
(the “Procedures”).2
PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, a Substantial
Shareholder may not consummate any purchase, sale, or other transfer of Common Stock or
Beneficial Ownership of Common Stock in violation of the Procedures, any such transaction in
violation of the Procedures shall be null and void ab initio, and certain remedial actions (including
mandatory purchases or sales of Common Stock) may be required to restore the status quo.
PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, the Procedures shall
apply to the holding and transfers of Common Stock or any Beneficial Ownership therein by a
Substantial Shareholder or someone who may become a Substantial Shareholder.
PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, a 50-Percent
Shareholder may not claim a worthless stock deduction with respect to Common Stock, or
Beneficial Ownership of Common Stock, in violation of the Procedures, any such deduction in
2
Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Order or the
Motion, as applicable.
3
RLF1 23472520v.1
violation of the Procedures shall be null and void ab initio, and the 50-Percent Shareholder shall
be required to file an amended tax return revoking such proposed deduction.
PLEASE TAKE FURTHER NOTICE that upon the request of any entity, the proposed
notice, claims, and solicitation agent for the Debtors, Kurtzman Carson Consultants LLC, 222 N.
Pacific Coast Highway, 3d Floor, El Segundo, CA 90245, will provide a copy of the Order and a
form of each of the declarations required to be filed by the Procedures in a reasonable period of
time. Such declarations are also available via PACER on the Court’s website at
https://ecf.deb.uscourts.gov for a fee, or free of charge by accessing the Debtors’ restructuring
website at https://www.kccllc.net/akorn.
PLEASE TAKE FURTHER NOTICE that the final hearing (the “Final Hearing”) on the
Motion shall be held on June 15, 2020, at 2:30 p.m., prevailing Eastern Time. Any objections or
responses to entry of a final order on the Motion shall be filed on or before 4:00 p.m., prevailing
Eastern Time, on June 8, 2020, and shall be served on the Notice Parties.
PLEASE TAKE FURTHER NOTICE THAT FAILURE TO FOLLOW THE
PROCEDURES SET FORTH IN THE ORDER SHALL CONSTITUTE A VIOLATION
OF, AMONG OTHER THINGS, THE AUTOMATIC STAY PROVISIONS OF
SECTION 362 OF THE BANKRUPTCY CODE.
PLEASE TAKE FURTHER NOTICE THAT ANY PROHIBITED PURCHASE,
SALE, OTHER TRANSFER OF, OR DECLARATION OF WORTHLESSNESS WITH
RESPECT TO COMMON STOCK, BENEFICIAL OWNERSHIP THEREOF, OR
OPTION WITH RESPECT THERETO IN VIOLATION OF THE ORDER IS
PROHIBITED AND SHALL BE NULL AND VOID AB INITIO AND MAY BE PUNISHED
BY CONTEMPT OR OTHER SANCTIONS IMPOSED BY THE COURT.
4
RLF1 23472520v.1
PLEASE TAKE FURTHER NOTICE that the requirements set forth in the Order are in
addition to the requirements of applicable law and do not excuse compliance therewith.
back_out_folks_up_450 in 15 mins,have a great weekend all
ya_im_crazy_and not to smart got.12
it was fun, im out have a great weekend
got some 1.14s
up 10 percent for a friday cash out
sweet, plus 12 percent ,have a good weekend all
welp it is true some never bounce
in times like this,
good thing i only paid .05 cents per contract
would you look at that move
all filled up
nice flash crash at -20
they got my money, i got the shares...
and, up it goes
im here holding all my "50cent calls"
green 20+ you said?
600 percent run and your worried about 20%, i hope 50 percent, sadly though, were both wrong
mr3000
ding ding ding markets open baby
this might just go green into the close
now the sellers are gone..
cause .04 wouldn't go though
thanks for being honest, just bot up 100contracts, at.05 dec,1dollar calls.
got some on the low today
by all means new guy, i like fresh money..
get onboard or go get left out
have you seen the "dow" pal? what isn't a scam
this is just insane,10k days, o-my