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This Court Case is far from over...with filings as recent as today..is the New Jersey case the same as the Nevada case....hmmmmmm
https://www.inforuptcy.com/browse-filings/new-jersey-bankruptcy-court/2:21-bk-19226/bankruptcy-case-availa-bio-inc
https://www.pacermonitor.com/public/case/42230383/AVAILA_BIO,_INC
FINRA doesnt "approve" REVERSE SPLITS they simply process them...hope that helps some..
What is FINRA's role?
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market.
https://www.finra.org/investors/insights/you-asked-we-answered-what-is-reverse-stock-split#:~:text=contact%20the%20SEC.-,What%20is%20FINRA's%20role%3F,date%20of%20the%20corporate%20action.
40-1 REVERSE SPLIT HAS BEEN APPROVED BY BOARD
https://www.sec.gov/Archives/edgar/data/1304741/000166357721000337/ex10_1.htm
Any links to that info..
You do realize he left Loreal over 20 years ago..right..
Doubt there is much short intrest..not enough bid = no liquidity
Any links to your claims?
https://patents.google.com/patent/US10143755B2/en
Hope this helps some...check the other patent #'s as well..most are appointed to other company's and inventors!! It so easy to find on the world wide web...so what are the details of the License Agreements?
Canagel Patent was used as collateral in a TOXIC FINANCE deal and the Intellectual property is held by UBS AG..thus the pending litigation...most of the product patent are held by other parties and are simply license agreements..
https://patents.google.com/patent/US10143755B2/en
Oh yea..the Canagel patents are leveraged..just in case you want to know what you own..all the patents are either leveraged or issued to other parties..which means it's just a license agreement..so if it's simply a license agreement what are the details of the agreement..ie; what % of all sales go to the owner and what % goes to the Licensee..hope this helps some understand how these things work...know what you own..search all the patent numbers...do your own DD..
https://patents.google.com/patent/US10143755B2/en
With ZERO revenue to speak of..and 32M in Liabilities..it may be OVERpriced
What's the patent #'s and who are they registered to...most dont really WANT to know..dirty little secrets!!
That was said @ .024
ZIMBLER THE SWINDLER RUNS THIS COMPANY
Had news yesterday...doubt any short want this...no liquidity
Everybody jumpin ship before the approved 40-1 RS?
Last one out please turn off the lights...thank you!!
What are the patent #'s and who are they registered to...know what you own..lol..
It was a pump group..now they left...thus the HUGE decline in the pps
This turd is down 150% in 3 trading sessions...down 1000% from the 52
Any links to said "tableing" of 40-1 RS..
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.
Hope that helps some!!
The board of Directors did!! It was 20-1 then they approved the increase to 40-1..FINRA hasnt denied it either..hope that helps some
The approved 40-1 RS will make it even worse..
It "popped" last week...this is just a slow bleed back down!!
Did you get those sub pennies I promised you?
On October 12, 2021 (the "Petition Date") AVAILA BIO, INC. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. The Debtor's case was assigned case no. 21-14909-nmc and is pending before the honorable Judge NATALIE
https://www.pacermonitor.com/public/case/42230383/AVAILA_BIO,_INC
How can they sell assets locked in a Bankruptcy
No resolved at all...the creditors just filed to dismiss...they want to get paid now..not over the next 10 years...read the court docket....that fight just started
Why is Avilia Bio in Bankruptcy then?
Imagine trying to escape this mess with your shirt still on..no bid=no liquidity..probably wont end well
They started this run and will likely end it..
Nah...just rational money getting out while there is still liquidity
Only thing parabolic here is the slow bleed!!
Ruh ro....no bid support..that fluff PR was already priced in I guess
You should get your chance eod or tomorrow
X10...
There is a difference between an "aquistion" and a "merger"..hope that helps you understand little better..
On October 12, 2021 (the "Petition Date") AVAILA BIO, INC. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. The Debtor's case was assigned case no. 21-14909-nmc and is pending before the honorable Judge NATALIE M.
https://bkdata.com/business-bankruptcies/lasvegas-nevada/10-12-2021/availa-bio-14909
The "incoming company" are assets spun off of a company currently in Bankruptcy..Avilia Bio...(that will probably be litigated in bankruptcy court by investors of Avilia Bio..last time I checked you cant sell assets when in the middle of a bankruptcy)..so where will the money come from...read the filings...a .20 offering...they tried that in Feb for the failed miserably Recommerce aquistion..and again I ask..why buy a .20 offering when the current pps is just over a penny... 40-1 RS is the only way they can finance the deal...flip the flip..just dont be the last one holding the leash!!
0250ish the previous days high..down to 0132 is alot more than 10% down...hope that helps some!!
Go back read all the filings..its all there clear as day..