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You do realize without the authorization of more shares, the merger won’t go through, right?
Alright. I hope it’s soon. It’d be awesome if this thing goes to .10, but I believe it could go higher. I’m just getting frustrated with the new lows we’ve been hitting since the high that we had a few months ago.
It’s been 4 months since they announced that they were immediately filing for a name change. How long do you think it should realistically take?
Well I was hoping they continue to stay current, continue to update us in a timely manner, and they should’ve at least told us that there is a hang up on the name change. It shouldn’t have taken this long. I’m not going to get out immediately, but I’m frustrated and disappointed right now. It just keeps going down.
Welp. This sucks. I guess I’ll get out on any upswing. I really thought this stock was gong to be different. But I guess that’s what I get for not getting out at .04.
That shouldn’t be difficult. They said they had too much going on to wait for name change, and while this news was good, I don’t see the market reacting well. At least, not until big news hits.
It seems like every month is the slowest month in the otc for some people. Either the stock is worth more and it will rise to that value or it isn’t and won’t. Can’t say I’m happy with the action here, but I’m not gonna blame it on the otc having a slow month, when at least three other stocks went up over 100% yesterday.
You gotta know you mm diluters and also watch how many shares are being traded.
Are you being serious?
Yeah no worries. I was just trying to figure out why the name change and ticker change are taking so long, but everyone here has the same info I have. Have a good one.
They announced their new name, but I don’t think they’ve gone through the proper channels to change it.
Why is it still showing up on all my trading platforms as visual healthcare?
What ever happened to the name change? Maybe a new ticker symbol?
I don’t know for a fact, and I’m just discussing this with you. Perhaps it could be because of the name change. If the name is changing maybe that has something to do with it. I’m in the US, so I haven’t been through this on the Canadian side, but I have been through this on the US side and I’ve had it be up to 3 days that I couldn’t trade after the name change. It’s only happened once in my 40+ name changes but I know it can happen. Either way nothing matters until they announce these acquisition.
Yeah it is, but when will it start to be valued correctly? It’s one thing I hate about the otc. People would rather invest in a shrimp dream instead of a company actually building value.
So I don’t know if this means anything, but on their website, there was a menu button in the top right corner that didn’t work as of last night. Today it is gone. They could be making it useable and updating the links.
To be fair, it was between .035 and .04 for a while. I wish I would’ve known that it would go this low again. I would’ve doubled up. I still think this company is going places, but these games are getting frustrating, especially when you see stocks with less potential going sky high.
With revenues like this, LTN is going to have an easier time acquiring more companies. This is good news for shareholders, but I guess we have some sell the news going on.
Can’t say I have yet. What does it say? Is it just a form for proxy voting?
Typically when someone sells at the bid, the stock price goes down. It’ll go up if people buy at the ask.
I guess it’s just that some people may be leading a whole bunch of others to slaughter, while selling their shares. So if people read these posts and realize that 2 + 2 does not equal another secretive transaction, then maybe they can save some money.
I don’t know what the point of keeping this stock is. It’s pretty clear that the shares are worthless and people are grasping for straws to stay i when they could get out now at .02, which isn’t bad considering it’ll be at 0 soon.
I’m just going off the monitor’s reports. They said it was a joint venture to buy the assets and the transaction for LCY and Visolis would from then on be referred to as “The Visolis Transaction.” Seems pretty clear cut that the reason they never mention an LCY Transaction is because it is one in the same as the joint venture transaction (The Visolis Transaction).
Yeah it’s just how they refer to it instead of calling it visolis and LCY transaction. In the 10th monitor report they say they accepted the joint bid to buy the assets for 4.3 million from Visolis and LCY (The Visolis Transaction.)
I may be missing it, but where does it mention BIOAQ? I mean they do business still, so this could be for
Any number of business procedures.
I have no recollection of an LCY transaction being mentioned in the reports.
I’d say more of an educated opinion based of filings, facts, and court proceedings, but call it what you want.
The entire 6th monitor report refers to the joint venture bid as visolis transaction. Have they ever mentioned a LCY transaction in the reports?
How could you have insurmountable losses? Everyone who has money it this will just lose what they have invested, which is easily calculated.
Alright cool thanks.
I'm assuming all legal entities and representatives do not want to lose their job and possibly go to jail. Yes, I do assume that in any legal proceedings.
Besides the referenced sections and an extra "and" they are exactly the same.
From HMs post:
the relief granted herein is necessary and appropriate, in the interest of the public and international comity, consistent with the public policy of the United States, warranted pursuant to sections 105(a), 1507, 1520, 1521, 1525, and 1527 of the Bankruptcy Code, and will not cause ANY hardships to ANY party in interest that is not outweighed by the benefit of granting that relief.
From the documents of a company in ch 15 and no longer has trading shares:
The relief granted herein is necessary and appropriate, in the interest of the public and international comity, consistent with the public policy of the United States,and warranted pursuant to sections 105(a), 1517, 1520, 1521, and 1522 of the Bankruptcy Code, and will not cause any hardships to any party in interest that is not outweighed by the benefit of granting that relief.
You have a link?
I’d like to say that if somehow the shares remain in tact, that people will make money simply on the fact that bankruptcy as we know it would change. There would be case studies on this. Because it will be the first time ever after a total liquidation (all assets of any value were sold) that shares remained in tact. Probably because it’s technically against the law, but it’d be the first off it’s kind. I totally understand holding shares for that .000001% chance of hitting it big, but I feel sorry for those people with 6 million shares.
Look at my earlier posts. I found one that said best interest of all parties and then the shares ended up getting canceled. Also I tried to find one word for word so that people couldn’t say it’s not the same, but that saying is used in bankruptcy proceedings in one way or another and many times the shares get canceled. So no, you’re not right about this. Shares get canceled after this saying all the time because of the order of paying off debt. The secured creditors are most important, followed by unsecured, then preferred shares, then common stock. You are ignoring the “outweighs” portion of the paragraph.
Is the NOL around 101 million?
They’re pretty easy to understand, you just have to do some research. The reason they are worthless here is because their debt would be about triple any advantage with the NOLs.
Yeah ok so you agree that the judge has made it clear repeatedly that that 4.3 million is going to secured creditors, that this was a liquidation process, and that the shareholders get nothing? I though we are on opposite sides on this, but glad to find out that you can change your opinion based on facts and don’t just put your head into the sand. I’ll go ahead and give you a follow. We need more level headed people in the otc.
So if you go to the bottom page 3 letter L and read that paragraph you can see it reads just like this paragraph.
It’s on the bottom of page 3 in English.