is giddy with excitement about a BIG payout!
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I'm not asking for legal advice...just asking you to clarify your statement. You said that there is nobody at the helm, so that's why I asked about Robins
What do you mean no one is at the helm? Isn't Robins the owner still?
Has there been any recent news or filings? Been away from here for a few months
Has there been any new updates?
Just curious...what is the 60 day mark? Is there significance to that?
There has been plenty of back and forth on what fractional shareholders mean and that this is what common shares are. I beg to differ as on page 11-12 of the POR, it says that the fractional shareholder class is "IMPAIRED AND IS DEEMED TO HAVE REJECTED THE PLAN". Just underneath that it says "Each impaired class of Creditors with claims against the Debtor’s estate shall be entitled
to vote separately to accept or reject the Plan." Did anyone here vote?
GO ARIO $$$
Do you have a copy of the POR that you can post?
Anyone have access to the audio posted on Pacer?
It's true and you know it.
It isn't fantasy...it happens
Why wouldn't the judge have signed on Thursday during the hearing. What would be the reason that she would need to sign days later? Please explain!
Just because ARIOQ doesn't issue fractional shares does not mean you can't buy them through a broker. I had a broker that allowed you to purchase fractional shares of a stock...similar to that of a mutual fund.
For example: You have $100 to invest and the transaction fee for the purchase is $9.99...which means you have $90.01 left over. If the price per share is .006, then your broker would sell you 15,001.67 shares.
That is a fractional share
I-Glow posted the following information:
Some are confused by the term Equity or Equity Interest - from the POR we find: "Equity Interest shall mean any interest in the Debtor represented by stock, warrants, options, or other rights to purchase any shares of stock in the Debtor."
OK...so if this statement means that all shares will be cancelled then fine. It seems a little vague to me, but ok let's assume it is true.
I-Glow then goes on to point out that there was confusion about the term Fractional Shareholder and thatFractional Shareholder means a shareholders that owns a Fraction of the company - less than 1%.
Why would the POR call out the Fractional Shareholders who only represent less than 1% of stockholders when all equity is being cancelled? Why not just stay with the first statement of the Equity and not mention the fractional shareholders at all?
Fine shares, shareholders...whatever. My point is that why would they even state that if all equity was being cancelled. Why single out a group of people (those with less than 1%) when ALL are being cancelled. That is what I am trying to say...it just doesn't make sense
I have had a broker before that allowed it, so I am saying it is possible
Don't know how much stock (no pun intended) I put into someone posting they received an email from him. Anyone can doctor an email and say that it is real
So you say all equity is cancelled, but then explain that fractional mean less than 1%. Then why would they even comment on fractional if they are being cancelled anyway? That doesn't make sense!
And just because ARIOQ doesn't issue fractional doesn't mean you can't buy fractions of a share
You are right..the POR was accepted, but there is a debate about if commons will remain or not. The POR does not state it clearly so it remains to be seen
And by the way...nobody knows for sure what is going to happen except the judge and the attorney. Maybe the notice to FINRA is that the Q is being removed...who knows?!?!?
Because I am asking a reasonable question without taking sides, and yet you can't answer it. I am simply trying to understand the process
Just curious why this wasn't signed on Thursday in court?
I'm not trying to argue, but if there is only a signature needed, why wasn't this obtained during the court hearing on Thursday?
Why wasn't this done on Thursday? I don't understand what the delay is. What is the order that is being signed? Is it the notice to finra to tell them what is being done (such as cancel shares or remove q)?
Serious inquiry....what is the order that needs to be filed? If this was being cancelled, why does the attorney and/or judge have to fill anything out? I don't get it
That does not say that new shares will be issues
So what was yesterday's decision? Did the judge approve everything?
I keep seeing things about July 14th...was the judge's decision pushed back? Why are we having to wait a couple more weeks?
Why two more weeks? Did I miss something?
Opening bell is just around the corner!!
You think pennies this week?
Oh I am holding...not selling until we hit pennyland
What is getting shutdown? Please explain
People are still dreaming of how high this will go today. Reality says it might get out of the trips entirely today
Cool...let's get this to .002 then!
That would be awesome...although I wouldn't mind it taking smaller steps. I expect .0005 or .0006 today
Expecting to see .0005 tomorrow
Can't wait to see this first thing in the morning
Why will it be suspended? What reason?
Can we close at .0003?