Viva Las Vegas!!!
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and none of this happened... no merger no buyout of commons by visolis or lcy...
https://otc.watch/forums/topic/bioaq-lets-stick-to-the-facts/
it was still trading then... so?
Here is a post all of you must have remembered
mrtacpans Tuesday, 09/18/18 01:51:03 PM
Re: Penman1 post# 41498 0
Post # of 96095
THIS WAS TO CONFIRM THE SITUATION ON THE BANKRUPTCY. IT WILL END THE BANKRUPTCY OR PUT IT FORTH AS A BANKRUPCY BUT THIS IS THE END... WHAT EVER HAPPENS ON THE 26TH October IS ANOTHER STORY
mrtacpans Tuesday, 09/18/18 01:31:00 PM
Re: None 0
Post # of 96098
PHONE CALL
CLOSEING OF THE BANKRUPTCY SEPTEMBER 27TH JUDGE PINSONEAULT RESIDING. HERE IS THE CONVERSATION WITH THE CLERK
BIOAQ COURT https://t.co/0Dt0zeENsP via @YouTube
— MRTACPANS (@MrTacpans) September 18, 2018
Let's hope... that is all we can ask for right?
This is not a Chap 11 as you claimed either...
I am not a tax counselor or financial advisor but
been doing this for years... lol
Normally you cannot take a loss if you did not sell what you bought...
it will have to show up as a loss. The taxable deduction is only $3000.00 Total for all your losses less gains. Let's say that you claim $10,000.00 loss, it will take 4 years to write it off at $3000.00 total a year. If you gained more than zero, that would count as a gain and is taxable.
Please consult your tax advisor.
Sad that you cannot accept the truth...
I just wish I spent more on learning about the stock market than spending on a college degree... lol
College did not make me land a better job, just gave me more of an education on other subjects... Not to say that I did not invest in the market education... I paid my dues and bought my tools to understand what I was doing so U would not be swayed by message boards, but even boards can be used and a tool to move a market... so be careful.
Nope... bought back in around .005s or so
and sold in coppers... saw this going South like a deep dive and wanted to wait for the outcome... but the CUSIP removal did it... could not buy back or sell...
Those in, are stuck and their fate is dependent upon who buys BIOAQ, but apparently there were no bidders for the debts... only assets. If this had assets, FINRA would not suspend the CUSIP... imo
Read my last.
Incorrect. Delisting does not make it Private until the Stock Registration is revoked or removed.
That is one of the moving parts that make stocks tradable on an open market. The CUSIP identifies what company it is, as each is assigned a CUSIP number. Having the CUSIP suspended or revoked, makes the stock untradable on any market to include the GREY market, since it cannot be identified.
If this was delisted but still had an active CUSIP, you would be able to buy or sell on the Greys but you would have no quotes.
Over a YEAR AGO Dude... Like reading a 10K... it changes as the months change. Read the forward looking statement.
laughable in what sense? for unsecured creditors? You bet... divide that into all the o/s and what does that amount to?
You are basing the Chap 11 BK case are you not?
That is immaterial and if you are basing your holdings on that dream... wake up! This was moved to Chap 15 equal to a Chap 7.
LOL... yes it does show up and you know why?
Because the registration is still active, even if there is no CUSIP. So has to show up but you cannot trade it because it has no active CUSIP. Technically, unsecured creditors will get squat.
Think you might want to read it again... Dismissed because of Chap 15 NOT Chap 11...
This was not a reorganization BK... but very much like a Chap 7, they were liquidated nor reorg.
Chap 15 since it dealt with another country i.e. Canada and US interests.
BioAmber's biggest problem is that they filed for bankruptcy. There was no agreement to merge with anyone. There is no BOD, CEO, or even a secretary to answer the phones. Technically discharged, the case is closed. The residual actions is just that... residual. There is no one from BioAmber to petition FINRA to unsuspend the company, therefore it will stay suspended until final word. This will never trade again. There is no if and or buts. A new CUSIP will have to be issued but again, there is no one in BioAmber to file or do any forms required. Since there is no merger, once BK is final, the SEC could revoke the registration making it permanent. No one will rebut that action since there is no one left. Revocation of registration means there are no shares left...poof! This is pretty straight forward since it was suspended due to Chap 15 processing which could be translated as a Chap 7 BK as well. Anyone can argue their point until the cows come home, but the bottomline is, this is not trading, not even in the Grey Market...period.
Probably discharged in this BK case.
This is December and it had been discharged 5 months ago?
This is done... stick a fork in it
MERRY CHRISTMAS TO ALL!
Good luck.
Key phrase in the quote:
Bioamber has no money... thus no power to do anything
LOL... Maybe you could buy it for $1 CA? That was the price paid for the BIOAQ...
This probably explains it best
Since the filing of this Action, BioAmber Inc. (“BioAmber” or the “Company”) has been delisted from the exchanges on which it traded. The partner in the venture that makes up substantially all of BioAmber’s assets sold its interest back to BioAmber for one Canadian dollar. BioAmber filed for bankruptcy, initially aiming for a reorganization. But it was unable to attract an investor who valued it as a going concern, and the Company liquidated itself. Even BioAmber’s liquidator has now been relieved of duty. BioAmber now has no money –literally –to pay Settlement Class Members’ claims, other than through its insurance.
How do you know that?
Point is, It is SUSPENDED.
LOL... Regardless you cannot buy or sell since the CUSIP that identifies the stock, is suspended.
Was the CUSIP suspended?
Then the rules apply... FINRA not SEC rules
Anyone looked at FINRA?
https://www.finra.org/
Suspension or Cancellation
Sec. 3. (a) The Corporation after 15 days notice in writing, may suspend or cancel the membership of any member or the registration of any person in arrears in the payment of any fees, dues, assessments, or other charges or for failure to furnish any information or reports requested pursuant to Section 2 .
(b) The Corporation after 15 days notice in writing, may suspend or cancel the membership of any member or suspend from association with any member any person, for failure to comply with an award of arbitrators properly rendered pursuant to the Corporation's Rules, where a timely motion to vacate or modify such award has not been made pursuant to applicable law or where such a motion has been denied, or for failure to comply with a written and executed settlement agreement obtained in connection with an arbitration or mediation submitted for disposition pursuant to the Corporation's Rules.
6277. Suspension and Termination of Quotations by FINRA Action
FINRA may suspend, condition, limit, prohibit or terminate an ADF Trading Center's authority to enter quotations in one or more ADF-eligible securities for violations of applicable requirements or prohibitions.
6360B. Suspension and Termination by FINRA Action
FINRA may, pursuant to the procedures set forth in the Rule 9000 Series, suspend, condition, limit, prohibit or terminate a Trade Reporting Facility Participant's ability to use FINRA/NYSE Trade Reporting Facility services in one or more designated securities for violations of applicable requirements or prohibitions.
6360A. Suspension and Termination by FINRA Action
… 6360A. Suspension and Termination by FINRA Action FINRA may, pursuant to the procedures set forth in the Rule 9000 … to use FINRA/Nasdaq Trade Reporting Facility services in one or more designated securities for violations of applicable requirements or prohibitions. For avoidance of doubt, any determination by FINRA to suspend, … March 5, 2007. Adopted by SR-NASD-2005-087 eff. Aug. 1, 2006. Selected Notice: 08-57 . … rules … 6360A. Suspension and Termination by FINRA Action …
Rule
0190. Effective Date of Revocation, Cancellation, Expulsion, Suspension or Resignation
… 0190. Effective Date of Revocation, Cancellation, Expulsion, Suspension or Resignation (a) A member shall be considered as a … date of any order or notice from FINRA or the SEC issuing a revocation, cancellation, expulsion or suspension of its membership. In the case of suspension, a member shall be automatically reinstated to …
Rule
4523. Assignment of Responsibility for General Ledger Accounts and Identification of Suspense Accounts
… 4523. Assignment of Responsibility for General Ledger Accounts and Identification of Suspense Accounts (a) Each member shall designate an associated person who shall be responsible for each general ledger bookkeeping account and account of like function used by the member and such associated person shall control and oversee entries into each …
Rule
8311. Effect of a Suspension, Revocation, Cancellation, Bar or Other Disqualification
… 8311. Effect of a Suspension, Revocation, Cancellation, Bar or Other Disqualification (a) If a person is subject to a suspension, revocation, cancellation of registration , bar from association with a member (each a "sanction") or other disqualification , a member …
Unless this merges with someone... it ain't going anywhere...
right...and?
explain who is BN
In the filing it says it but what is your perception
We need to question management why the discrepancy
CC from whom? AA were issued so LANS will have convert and issue
it should be converted before we get them
rhey may have to adjust the numbers... we'll see
I don't know why everyone is getting their panties wet...
10 Bil is quite a bit to go around imo
1 AA preferred = 10,000 common
from what I have seen
Thus 1,000,000 x 10,000 = 10 Bil if converted.
"Each holder of outstanding shares of Series AA Super Voting Preferred Stock shall be entitled to ten thousand (10,000) votes for each share of Series AA Super Voting Preferred Stock held on the record date for the determination of stockholders entitled to vote at each meeting of stockholders of the Company."
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On November 26, 2019, the Company and the holders of the Series AA collectively owning 1,000,000 Series AA shares (“AA Stockholders”) entered into a Repurchase Agreement (“Agreement”), whereby subject to the terms of the Agreement, at the Repurchase Closing (as defined in the Agreement), the Company shall repurchase and acquire from each of the AA Stockholders, the Series AA shares for an aggregate total purchase price equal to $160,000, half of which shall be paid to each of the AA Stockholders, in tranches according to the schedule set forth in the Agreement
The above description of the Agreement is filed as Exhibit 10.1 hereto and is incorporated in its entirety herein by this reference.
On November 27, 2019, Meso Numismatics Inc. (the “Company” or “MESO”) entered into an Assignment and Assumption Agreement (“Assignment “) with Global Stem Cells Group Inc. (“GSCG”) , a corporation duly formed under the laws of the State of Florida, Benito Novas (“BN” or “Shareholder”) and Lans Holdings Inc. a Nevada Corporation whose securities ceased to be registered as of September 18, 2019 (“LAHO”), whereby LAHO assigned all of its rights to , obligations and interest in, the Original LOI (as defined in the Assignment) it previously entered into with GSCG and BN.
The above description of the Assignment is filed as Exhibit 10.2 hereto and is incorporated in its entirety herein by this reference.
On November 27, 2019, the Company entered into a Binding Letter of Intent (“LOI”), with GSCG and BN (collectively the “Parties”), setting forth the principal terms pursuant to which the Company will acquire 50,000,000 shares of common stock of GSCG, representing all of GSCG’s issued and outstanding shares of common stock and 100% ownership in GSCG (“GSCG Shares”), which GSCG Shares are all held by BN (the “Transaction”).
The LOI sets forth the terms of the Transaction as follows:
1. The Parties agree to enter into a definitive agreement for the consummation and closing of the Transaction within 150 days of the execution of the LOI.
2. Such definitive agreement will incorporate the Parties’ understandings with respect to the terms of the closing of the Transaction, among other things, the following:
(i) MESO shall receive all of the GSCG Shares from BN
(ii) In exchange for the GSCG Shares, MESO shall issue the following to BN:
a. 1,000,000 shares of Series AA (as defined in the LOI); and
b. 8,974 shares of Series DD (as defined in the LOI).
(iii) In addition, MESO shall pay an amount equal to $225,000 USD to GSCG which may be paid in multiple tranches with the total payment amount being paid in full at the latest upon execution of the Definitive Agreement or at such other date as shall be specified by the Parties;
The above description of the LOI is filed as Exhibit 10.3 hereto and is incorporated in its entirety herein by this reference.
Got this at triple zero five and waiting for silver... it will come.
That is something the SEC would say..."in the best interest..."
First of all, you don't know the conversion rate. Second, LAHO share registration has been revoked. Meaning, whatever you own is worthless unless it is exchanged for another issue that is registered i.e. MSSV shares.