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Could LIQDQ be on Lazar's radar? Any thoughts?
Looks like HGYN has been filing paperwork with NASDAQ.
http://www.google.com/url?q=https://www.nasdaq.com/market-activity/stocks/hgyn/financials&sa=U&ved=2ahUKEwje4u3C3a_xAhXRWc0KHUFjCqIQFnoECAcQAQ&usg=AOvVaw28cLzzKKDxpj7n7jYV8xsJ
It'll take more than paperwork to get this uplisted, it'll take 4.00 a share.
Have common shareholders ever received anything from a chapter 7 liquidation, or are we hoping to make history here?
In the absence of secured creditors, lawyers and trustees have ways of lining their own pockets.
This company claims to have a 1 trillion yuan market value. That may seem like a lot, but it's only 154,633,590,000.00 USDollars.
It's possible the case is still open because they can't find a buyer for Liquid's antiquated platform.
If so, they may as well place it all in the public domain and write it all off.
A clean shell with only 60 million o/s can be just as valuable to us....in the long run.
It has reverse merger potential if only the courts would do their job and get this bankrupcy wrapped up.
It could be the next HGYN.
This is the OTC, even empty shells are traded here.
So, the fact that it's still trading is no big deal, it'll probably be traded long after the bankrupcy is settled.
However, the crookedness of our legal system is on full display here.
Google pulls up several Hongyuans, including a large brokerage firm that trades on the Hong Kong exchange.
Will the real Hongyuan please stand up?
How are we going to uplist without a reverse split?
Only the brave, the bold, and the foolish are willing to take long positions in pink stocks.
Not enough of us are aware of HGYN to take this to 4.00 and NASDAQ at the current share count.
If more people aren't willing to buy, hold, and accumulate; I fear a reverse split may be required to get this on the NASDAQ.
With no institutional buyers, 4.00 seems a long way off, IMHO.
Selling shares on NASDAQ can be a lucrative side hustle, and HGYN has almost 2 billion of them authorized and ready to go.
Reverse merging is considered a shady practice by many, even shadier when it involves a Chinese company.
This will totally fly under the regulatory radar and will receive zero unwanted attention from the likes of Congress and the SEC.
Legitimate or not, they might keep this on the OTC in order to avoid scrutiny by Congress and the SEC.
Waiting for a current report.
Once this reaches sub pennies, insiders will buy up the float for a buck and a quarter.
All of the large cap Chinese companies, who are listed on US exchanges, seem to have ipo'd the traditional way.
None, that I have found, were listed via a reverse merger.
I maintain a position here, but I'm not holding my breath on this one.
So this company will be involved in next years Olympic games in Beijing. Good for them and possibly good for shareholders.
The name Hong Yuan, alone, will make this a target for extra scrutiny by the SEC.
In this political environment, even giants like Alibaba aren't safe from potential delistment.
But why bother splitting shares when there's 1.5 billion authorized shares that could be issued instead.
In the unlikely event this isn't a "hustle", we're more likely to have a forward split than a reverse split.
Even if legit, this could ultimately be delisted due to political winds, anti PRC sentiments, and even military conflict.
Best not to marry this stock.
If shareholders were receiving a liquidation dividend, I feel the float would be, by now, locked up by insiders and people in the know.
LiquidMobile SM could have been a game changer.
It had tremendous potential back in 2015.
Running a hedge fund from a golf course or a yacht was certainly possible back in '15, but the LiquidMobile app could have made it much much easier.
If I'm not mistaken, insurance is paying the defendants' settlement and legal expenses.
So, it's possible that the trustee, his lawyers and associates will pocket that $4,087,157.
Maybe someone should call Fox Rothschild LLP and ask what Microsoft's interest in Liquid Foldings Group could possibly be.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142087704
The only "stakeholders" who really matter at this point are the trustee and the lawyers.
They sit at the table and eat the steak, bagholders sit on the floor and eat the scraps.
According to Google patents, it's abandoned; not hidden.
It's public property now. Google, or anyone else, can use those blueprints without paying a dime to Liquid or its shareholders.
This thing is toxic, the would be "staking horse" knew that in 2016; which is why it changed its mind and ran like the devil.
Go long at your own risk.
Adversary cases are what slowed this down.
The trustee demanded a trial by jury and claimed damages of up to 50 million dollars.
https://www.bankruptcylitigation.blog/wp-content/uploads/sites/427/2018/07/In-re-Liquid-Holdings-Group-Inc.pdf
You can make a few hundred dollars a week flipping tickers like this, about as much as a burger flipper makes flipping whoppers. Don't hate the player, hate the game. Mcflippers gotta eat too.
A "newsletter" was pumping it, the dump will likely occur next week.
LIQDQ isn't on the OTC, it trades on the pink sheets.
Like all stinky pinkies, be prepared to lose everything, hope for something, but expect nothing.
A quick google query reveals that Microsoft and Microsoft licensing have tentacles in all kinds of cases, in all kinds of dockets.........So their presence here in the Liquid docket isn't anything to go buy.
"http://www.google.com/search?client=safari&hl=en&q=%22filed+by+microsoft+corporation+and+microsoft+licensing%22&spell=1&sa=X&ved=2ahUKEwjK38DVwr3rAhVSHc0KHQuFDJoQvwV6BAgMEAE"
Wrong, shell corporations can trade long after liquidations are finalized.
All hope isn't lost however, there's still the faint chance some private or foreign entity could come along someday and reverse merge with us.
The LiquidMobile SM app, in particular, had plenty of potential.
It's a shame this company couldn't procure a patent in time for the bankrupcy, despite having a patent expert on their board of directors.
Anything's possible, but I think the shareholder lawsuit created too much heat for the stalking horse, causing it to bail.
Interesting, Peter Kent gave a slightly different number: "As of the Petition Date, the Debtors’ assets are comprised of their intellectual property, notes, legal claims and cash in the approximate amount of $1,104,019.56".
http://www.mnat.com/files/BankruptcyAlerts/Declaration_012816_LiquidHoldingsGroupInc.pdf
True, maybe David Lazarus will come along in 10-15 years and bring us back from the dead.
According to Google, Liquid's patent application has been abandoned....
Without a patent, there could be little of value here.
https://patents.google.com/patent/US20130346274A1/en