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Thanks for the excellent read and DD...Much appreciated...
Financial supposed to be reported tomorrow...7 Acres (Supreme) chosen first place Best Hybrid products for 2018...Good things happening here..
Feels great knowing Good Things Are Coming !
We will soon find out what shareholders are getting for keeping the shares ! Any day now ! Good things about to happen ! Stay tuned !
The shares remain intact...and have elevated at that...Maybe cancel tomorrow ? Or Sunday? LMAO...shares aren’t going anywhere..The cancel agenda has long been old folklore..and that’s all it was...now we wait for news of The Plan Of Arrangement...Anybody have an idea when it will be released ?
They”ll run those NOLs up to $ 350-$ 400 million by the time their done...The NOLs are a major reason I”m staying in + the DD = Shares Are Safe !
Just more overwhelming proof the shares are intact and well...Great DD !
Throw some old socks and underwear in the cauldron and stir it to a boil..word is the cancel fantasy fable will work..lmao..Have a great weekend everyone !
The Delaware myth of cancelling shares is a total ( tale ) .. witches brew...that is not true..There is no evidence or links that support the fable tale..
Everything is going to have to be biodegradable from..plastic bottles,containers,diapers,eventually auto parts and home building materials..A lot of garbage like baby diapers plastic bottles rubbers and plastics are ending up in the landfills...renewable is the way of the future..
For one the monitors report indicates the shares are safe...no “ hardships “ to any stakeholders by proceeding into CCAA reorganization..it”s crystal clear...it was pitched to the “ courts” to continue a stay..fact...Read the monitors report..
There’s an obligation to report a shell company IMMEDIATELY to the SEC and trading shall cease
I would recommend seeking professional advice on this matter...It”s a very complex procedure...
Nonsense..The shares would be cancelled by now...It”s the Law !
The illusion of some that believe Bio Amber in bankruptcy is not the case..The PWC archives indicate a reorganization is underway and those are legal documents...The U.S. courts agreed to a CCAA restructure..and was also notified the courts that the CCAA procedure was “ in the best interests af ALL stakeholders and that “ no “ stakeholders would encounter any “ hardships “ in authorizing that direction...The “ green light “ should have come on at that point...Shares are safe ! It”s well documented..
Is there any other part of CCAA that anyone does”not understand ? Maybe CSCS would repost it again...this time listen...
So the cancel theory is inaccurate ...a myth..a unicorn tale..
So..what we know for sure is that a complex reorganization is taking place...and the shares remain intact almost 1 year after...and no mention of shares being discontinued...In fact the court was notified the process was in the “ best interests “ of ALL stakeholders..and also no “ hardships “ by continuing the creditor arrangement process..so if I had $ 10 dollars worth of stock..and my stock was cancelled..and I got absolutely $ 0 on my investment..that would not be in my “ best interests “ and cause financial “ hardship “ by those actions...
If you have an opportunity to review the board archives...it”s been stated more times than a race cart changes tires...
The cancellation balloon is running outta hot air and descending...FINRA was supposed to be informed more than 2 months ago...must have been to inform them an agreement with all creditors is underway and imminent...The cancel theory is slowly descending...
CSCS...Can you put up that “ What is CCAA link one more time ? A couple of “em still need help in gettin’ it ! Thanks..
Credit Arrangement negotiations must be going well...The creditors just want their money..The restructure was a brilliant move..Some will likely accept arrangement of payments...Better than a big fat $ 0 ! When a package of arrangements is negotiated and passed...LCY ..creditors and all stakeholders win ! And the NOL entitlement ( worth mega millions can be utilized for years to come...An elevation in SP will occur...but many won”t get any..
PWC has acknowledged before the courts that this reorganization is in the “best interests” of all stakeholders and that “ no hardships” would occur during the reorganization as reason for the stay...It”s all there in the monitors report...If the company actually sold flat out for 4.3 million U.S...and there was nothing left ..why are we here organizing a very complex reorganization...over 6 months later...think about it..everyone holding will be rewarded very generously..any day now...and nobody will be able to get In...
Secured creditors must be paid first...THAT”S THE LAW !
Maybe the secured pulled Park Ave...Out of a hat ..and they won...
Maybe the secured creditors said “ give some of the unsecured a little bit of $$$...lol
I held shares before the protection filing...I”m anticipating a liberal and most generous outcome for the shares I own...There might be just a few of us left holding...a lot of shares changed hands since last May 2018..
Does anyone know if they obtained a lot of those 129 or so million shares over this 1 year period ? If they did they saved a ton of $$$ on top of those NOLs...anyone know ?
Paying secured creditors first IS THE LAW !!
If reorganization was just a simple liquidation and for 4.3 million U.S. How are unsecured creditors getting paid ! I thought secured were first..
Definitely something going on...almost 1 year to unload some office furniture ...There’s been no leaks as far as information....Anyone hear anything lately ?
The shares continue to be safe...Can you show us the document you are relying upon that specifically states “ share will be cancelled “ and as far as them contacting FINRA..It may have been to notify of a ticker change ...for all anyone knows
The sludge water and beverage bottles will win the day...As these corporations will strive to show their protecting our environment...It”s great PR...
As the price of oil continues to rise..The succinic acid market will look more attractive than petroleum additive and gain more market share in the plastics,to name one industry...Bio degradeable products such as water and soft drink bottles may be a mandatory as much greater attention is being focused on the environment by millennials...My opinion only..but my spidy senses are indicating this...
I read all the DD and documents etc. that posters provide through their tireless research..The shares continue to be safe and will...Those who sold their positions thanks for the shares...
Are you talking about the 4.3 million ?...They could”t pay anymore than 5 million for that transaction...There will be more than that transaction..
There is definitely a 3 pronged strategy ...to this acquisition exchange...LCY will receive a sweetheart deal on the acquisition of Bio Amber with a substantial NOL entitlement...creditors secured and unsecured will eventually be made whole...or a debt payback arrangement etc...and shareholders will be safe ! If we’re bought out..we”ll receive cash per share..who knows how much...The DD from CSCS..BC..SORHAY. and all those I haven”t mentioned is overwhelming...
A reorganization is taking place...Arrangements are underway to satisfy ALL creditors so they can capture those NOLs...and they are worth multi millions over the years...and all LCY has to do is be profitable...Goos things coming fast ! They wanted to open the facility around this time...
Another transaction must be on it”s way...this is far from over..
Q: Anyone know why the shares aren’t”t cancelled ?
A: Because they”re not being cancelled..