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Abandoned property. The abandonment of property by the estate to the debtor is a nontaxable disposition of property. If the debtor received abandoned property from the bankruptcy estate, the debtor assumes the same basis in the property that the bankruptcy estate had.
Good to know……When estate property is sold, the estate recognizes a taxable gain or loss. The trustee must abandon assets that will not generate net proceeds sufficient to pay any tax liability generated by the sale.
Hula Hula Cuckoo Penny
Abandonment of property of the estate is governed by section 554. Scheduled property that is not administered before the case is closed is deemed abandoned upon entry of the order closing the estate, absent an order to the contrary
Hula Hula Cuckoo Penny .
Abandonment is treated as a taxable event and is congruous to the estate being terminated. Meaning that it would now appear our property that we as debtors soon possess and have full title in will be stepped up and given fair market value which in turn provides us with a windfall. Thankfully I hold an equitable interest in the debtor or shall I say all debtors. Hula Hula Cuckoo Penny
Pending how this is interpreted. I believe all agreements and contracts by all debtors involved in our bankruptcy have been abandoned. I noticed they used “and” Lonza……two parts to that sentence…...Very exciting people. Hula Hula Cuckoo Penny
Sounds good Mike. I agree with you. I do think the way I do and I do believe I’m right. It’s a cross I must bare. Such is life. It’s good to be me. You be well man. Have a kick ass week. Stay you. Hula Hula Cuckoo Penny
Nice try Mike. Hilarious. Nothing is over. Far from it. Such a dope. Hilarious. Nice try. I appreciate the effort bud. Yes. Super Bowl will be amazing. Hula Hula Cuckoo Penny
I’m happy with whatever happens. Two ways this can go. Alexion takes Bert and pays us or Bert stays with Immune. I’m super happy with either way. I love your position Mike. I’m hoping it’s sold as well Mike. Thanks for the support big guy. Hula Hula Cuckoo Penny
Remember this folk. No product leaves the store without being paid for. Hula Hula Cuckoo Penny
I will say this. If Astra doesn’t pull the trigger and doesn’t act accordingly, then you can certainly assume that Immune will receive and continue to hold Bert. Wouldn’t that be funny. It wouldn’t be the first time that happens. Stay tuned people. Still so much more to come for us. On a positive note. The venture is looking very bright. I’ve got a feeling…….. Hula Hula Cuckoo Penny
The abandonment is simply to release Bert into Alexion’s hands and to dissolve all liabilities and preexisting agreements associated with Lonza. Cut and dry. It’s clear as day in the deal. Nothing reverts back to Immune. Or shall I say, Bert and no assets relating to Bert are reverting back to Immune. As for the other remaining assets, that’s still in the dark for now. This is simply the final step for Alexion / Astra as a creditor to receive Bert in its entirety and to take it free and clear without any other claims or liabilities attached to it. They now officially have possession of the asset as of first week of March pending on any future litigation opposing notice. I don’t see any obstacles, but again, what do I know. I know nothing. Hilarious guys. You are some very funny folk. You hilarious. So good. That’s one giant step in the right direction for me people. One step closer to another successful venture. Long time coming. My Spring is looking like it’s going to be amazing. Hula hula Cuckoo Penny
March 5th is another defining moment. So much more to come. This is going to make my holidays that much better. I can see those palm trees already. Warm sand on my feet. Oh man. Life is good. Hula hula Cuckoo Penny
Thanks for passing on the amazing BK news. Just read it all on PacerMonitor.. Love it! Great news. Abandonment is great news for me. Thanks Trader59. The blabbering fool thanks you for the heads up. Love bankruptcy stuff.. Hula Hula Cuckoo Penny
You’re boring me Trader. Change your dancing act. We demand to be entertained. When I say Hey, you say Ho. When I say Hey, you say Ho. Hey. Ho. Hey. Ho. Hey Ho. Do a little dance. Make a little noise. Get down tonight. Enjoy and have a lovely day all. Hula Hula Cuckoo Penny
Need I say more……."We are thrilled to partner with Klaus and team," said Craig Majernik, Managing Director at Windjammer.
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Windjammer, based in Newport Beach, Calif., and Waltham, Mass., is a private equity firm focused on the middle market. Founded in 1990, the firm prefers to make control equity investments of $50 million to $200 million in niche manufacturing, business services and value-added distribution.
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RLK,
Simply an investment for the wind jams. I will keep singing a great Bee Gees classic……More than a woman. More than a woman to me. I believe there’s a lot more to the story with this little INVO and its wholly owned subsidiary BioXcell. Hula Hula Cuckoo Penny
I wonder what’s coming back. What consideration was given? All must be reported. But I understand, it takes 4-6 months to complete a acquisition. Lol. Patience is key. Time will tell what comes out of this dirty sludge water. Hula Hula Cuckoo Penny
Bud, I just follow the smell of money and where the wind blows me. Maybe I’m totally wrong. But maybe I’m not. These smooth criminals are very good at hiding assets and making companies thin and then fat years later. Art of misdirection. Same old routine. Look over there while we move this over here. When the unknowing leave the building, we’ll put all back in its place with new friends added to the party. What do I know. Maybe I’m sniffing glue. Hula Hula Cuckoo Penny
Lots has happened since September. Cha Cha Cha Cha Hula Hula Cuckoo Penny
RLK. I don’t see much that changes my mind.
Revenue Loan and Security Agreement
On September 29, 2023, INVO, Steven Shum, as a Key Person, and our wholly-owned subsidiaries Bio X Cell, Inc, INVO CTR, Wood Violet Fertility LLC, FLOW and Orange Blossom Fertility LLC as guarantors (the “Guarantors”), entered into a Revenue Loan and Security Agreement (the “Loan Agreement”) with Decathlon Alpha V LP (the “Lender”) under which the Lender advanced a gross amount of $1,500,000 to the Company (the “RSLA Loan”). The RSLA Loan has a maturity date of June 29, 2028, is payable in fixed monthly installments, as set forth in the Loan Agreement, and may be prepaid without penalty at any time. The installments include an interest factor that varies based on when the RSLA Loan is fully repaid and is based on a minimum amount that increases from thirty five percent (35%) of the RSLA Loan principal if fully repaid in the first six months to 100% of the RSLA Loan principal if fully repaid after 30 months from the RSLA Loan’s effective date.
Steven Shum……key person……management parter as stated in acquisition with Windjammer. Key person in the WHOLLY-OWNED subsidiary BioXCell loan and security deal.
Hula Hula Cuckoo Penny
Maybe BioXCell was acquired. Wish I knew the terms of the deal. It’s starting to make sense. Certain things needed to be done in order to strip INVO and get this Naya deal completed on the cheap. Maybe I’m wrong. Hula Hula Cuckoo Penny
At the same time RLK. If windjammer gave a few bucks then maybe BioXcell doesn’t need too much of that 100 million. CytoviaTx also needs all the money it can get especially if it remains unlisted. lol. Not that a private company can’t get any funds on the down low. lol. Good times. Hula Hula Cuckoo Penny
Love collaboration and partnerships. Maybe there’s good reason to List sooner than later. Don’t know if it’s going to happen through Naya exchange but I can still see it happening. I also see how Naya may get that 100 million rather than CytoviaTx. BioXcell needs the money to grow out of its new Naya shell. Hula Hula Cuckoo Penny
Yes. Exactly RLK. Just a partnership position. Nothing disclosed. I’m listening to S-4 and thus far it still remains a consolidated subsidiary of INVO. So it would seem to me thanks to your last post that there’s quite a bit of something being parked and arranged with BioXcell. Hard to say much more since no details have been given on what was negotiated. I can only assume it’s a nice milestone agreement attached to lots of payments. So much to look forward to these days. The little INVO that could is not as worthless as some might think. Hula Hula Cuckoo Penny
Interesting since it’s still showing as a consolidated subsidiary of INVO in S-4. Wonder how that works RLK. lol. So much happening. Hula Hula Cuckoo Penny
I wonder what BioXcell’s real value is. The true value. Do your DD. Hmmmm Hula Hula Cuckoo Penny
I guess one of my next deals is BioXcell. Another good egg within a good egg. Let’s hope they keep expanding and growing that debt. I guess no one wants to talk about my finding. I get it. I understand why. Too much info too soon. lol. Too bad I go against the grain. Lol. Sitting pretty. Life is good. Peace be with you all. Hula Hula Cuckoo Penny
IVC is a well researched and simple alternative to conventional IVF. The INVO procedure and INVOcell device represent significant advancements of IVC. BioXcell has received ISO 13485 certification and a CE Certification for the INVOcell device. The INVOcell is specifically designed to address the challenges faced by clinicians using earlier prototype devices. For example, the INVOcell uses a precisely designed rotating valve to eliminate the risk of gametes loss and medium degradation. In addition, the design of the inner chamber, which contains gametes and medium, provides for easy identification and transfer of the embryos to the mother. Combined with the mild or no stimulation protocol, the INVO procedure is an attractive infertility treatment option for patients who cannot afford conventional IVF or who live too far away from a clinic that offers IVF. Further, in developing countries, where infertility rates are high and access to cost-effective infertility treatment is low, INVO provides an excellent treatment option.
That’s a pretty great hush hush operation to just be thrown out the window. Wonder what will happen. Hula Hula Cuckoo Penny
Marco………Polo………Marco……..Polo…………Hula Hula Cuckoo Penny
Interesting.
Our financial situation creates doubt whether we will continue as a going concern.
From the inception of our consolidated subsidiary BioXcell Inc. on January 5, 2007, through September 30, 2023, we had an accumulated net loss of $55.8 million. There can be no assurances that we will be able to achieve a level of revenues adequate to generate sufficient cash flow from operations or additional financing through private placements, public offerings and/or bank financing necessary to support our working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. These conditions raise substantial doubt about our ability to continue as a going concern. If adequate working capital is not available, we may be forced to discontinue operations, which would cause investors to lose their entire investment.
Who wants to bet Cameron somehow makes it onto the board of Naya or whatever company comes out of this arrangement. I will make a bet that Durrant jumps on the BOD after this deal happens. Who wants that bet. lol. What a fucking joke. Just waiting for scumbag Kazado to make his entrance. Hula Hula Cuckoo Penny
Look who’s on the advisory board. You guessed it. Cameron Durrant. Another huge piece of shit that’s friends with Teper. Thick as thieves. Hilarious. Hula Hula Cuckoo Penny
https://camelotbiocapital.com/about-us/
Past partnership successes Peter Kash. Smooth criminal
https://camelotbiocapital.com/past-partner-successes/
Dr. Peter Kash co founder of Florida Biosciences. That goof is all about the money. So that deal is a scam. Period. 4 million shares of what. Company has hardly any room to hand out shares. Can’t wait to see how all is divided up. Crooks. Hula Hula Cuckoo Penny
Great work Trader59 / Mikey Mike. Love your fortitude. Remain positive and thanks for all your support. I wouldn’t be where I am without you selling me your shares. Thanks again. Be well. Hula Hula Cuckoo Penny
I guess we twiddle our thumbs till next announcement. lol. Hula Hula Cuckoo Penny