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Seriously you're ruining the credibility of this board by POSTING THIS NONSTOP. Just stop. Post your DD and then let people absorb the information and make a decision. You're preaching to the choir right now.
Tells me that you literally don't understand the one thing that correlates calendar dates and week days.
It's Time, and Time is constant.
I'll wait for you to try and form a coherent argument that would explain how I can be in the US, the Monday 23rd, and you can be in China, Monday the 24th.
Good luck.
Uhhh how would them being in a different time zone make the dates and days of the week not line up??Time is a constant thing no matter where you are. The 24th of this month is TUESDAY no matter where you are, USA, China, Antarctica. It doesn't matter.
Anyone understand Turkish? Found a Bloomberg video on GIFA Holding, INC
You guys are still here? Seriously.. If SOUPQ was actually bought out by Gallant do you really think it would still be sitting with absolutely no volume at all? Do you guys have no rationality? I posted here back in August trying to explain to everyone what was TRULY going on with the bankruptcy and was just met with blacklash (this was around the time when the PPS was spiked up huge)
You can go ahead and check my post history to confirm that.
So, why do you guys think that SOUPQ was bought out by WC/Gallant or that SOUPQ is a revived company? It was so OBVIOUSLY laid out that all Gallant did is purchase ALL ASSETS AND INTELLECTUAL PROPERTY, AS WELL AS ALL MANUFACTURING RIGHTS OF THE SOUPMAN BRAND, NOT SOUPMAN, INC.
I Don't give a flying fadoodle if the company is truly legit. There's MASSIVE hype in this and it is almost set in stone that this will continue its run. Choose to sit out, fine, but you're missing out on a lot of flipping potential because of your past gripes with this stock.
"No solid DD! Its all from Turkish Media who is behind this pump!"
*posts Turkish Media DD that he claims 'proves' this is a fraud*
make up your mind
Gallant owns rights to assets, and Gallant controls manufacturing and management. All SOUPQ is left behind with is a royalty check and shit management. Did I read that correctly?
Thank you for your explaination. I really do appreciate you taking the time to type that out and bring up good points, instead of acting like 90% of others here who seem to have failed 3rd grade. You brought up some valid points and good ideas, but I still can't wrap my head around the benefits from this.
How do you know that the assets are staying in house?
Gallant takes over manufacturing operations, and also keeps the revenue. All SOUPQ will see is a royalty fee from that. The company that we own is SOUPQ, keep the assets there and restructure that management. don't see a reason to give up the rights to the assets and keep the old shit management.
Maybe SOUPQ uses royalties to pay off debt? But that would be an extremely length process. And we're still left with a company who has no rights to their assets.
The sore thumb is the fact that a third party now controls all of Soupman's assets. I haven't dealt with bankruptcy like this, but common sense tells me it's better to keep your assets.
Great. Tell me where in that sentence it says 'shareholders of Issuer will receive royalties'
Lmfao I love this narrative; whenever someone actually questions a company in a way that could reveal negative information, that person is looking to 'scoop up the cheapies'
Uhh...what? Why would shareholders receive the royalties from Gallants sales? They go into the companies assets. They're not dividends.
Controlling interest =\= ownership of company. They can elect board members and control board decisions, but they cannot touch the companies assets. That's why in the BK hearing Gallant Brands (newco in restructuring plan) was to purchase all of soup's assets. Would be pretty pointless to buy something that you own, don't you think?
Great! Did you read it? SOUP sells all assets to a 'newco' ONE THAT WE DO NOT OWN and Soupman gets paid a royalty for anything that the new company sells. It's right there in black and white lol
I'm struggling to understand how removing all of Soupman's assets is added value, but seems like a moot point to discuss here as no one can conquor that question directly. I'll trade the price action but no way in hell do I see it in my eyes that SOUPQ is worth anything more now. In fact it's worth much less now.
Removed assets from company = company owns no assets = worthless.
Okay.. riddle me this. Why would they need to purchase the assets from Soupman and move it into another company, if they have ownership of Soupman?
There's a reason why they have to move the assets into another company, a company that we have no ownership in. Which makes it sound like the company we own now has ZERO assets.
Maybe the assets that Soupman owns has a lot of value in WCs eyes? If they wanted to rebuild Soupman it wouldn't make any sense to sell all of Soupman assets to another company.
Just because we own Soupman, it DOES NOT mean we have any ownership in WC or Gallant, I can't understand why everyone is making it seem like so
No..I believe my question is pretty straightforward. We own SOUPQ, SOUPQ sells almost ALL of their assets to a company that we do NOT have ownership in. How are we benefitted by that transaction? I don't care that WC owns 51% of soup, we have no ownership in WC or Gallant, ONLY SOUPQ.
Even in the restructing plans they said first step is to sell all assets to a new company. Why would we magically gain ownership in that company just because it's WCs company? Doesn't make sense.
That is simply not true. You don't own an entire company by buying 51% of it. You own a company by either making a deal with the company for acquisition or control 100% of the outstanding shares.
Nowhere have I found it say that Soupman Inc has been completely acquired by WC or Gallant. WC own 51% of common shares. That does NOT mean the company was acquired by WC. There are still preferred stock and the other 49% of common stock they would need to own.
It gave WC the ability to control the board and sell Soupman assets to their own private company. Like I said before, we own Soupman, not gallant or WC. Just because Soup sold assets to Gallant doesn't mean that we now own Gallant, that's rediculous to claim.
My question has nothing to do with DD; ive already done all my DD. The only thing i missed was WC owning Gallant Brands lmao. everyone was so quick to say that WC owns Gallant, but no one can answer my question of if our shares are going to be worth shit. From my DD, it seems like SOUPQ is now a shell company.
Think of it like this: If we buy a stock that Warren Buffett is a majority shareholder, that doesn't mean that we own the same things as Warren does. This is the same case. Wealth colony is a MSH of Soupman, but they are transferring soupman's assets to their own private company. Please feel free to object to this, but give me a reason.
I 100% understand that Wealth Colony -> Gallant Brands, but gallant brands did NOT purchase SoupMan.
They didn't purchase SoupMan (acquisition) they purchased the ASSETS of soupman. Just because we own SoupMan doesn't mean we own Wealth Colony (or else we'd be rich as fuck)
We own Soupman, which has sold almost all of its assets to Gallant Brands, which we don't own.
Therefore, don't we own a company that has almost no assets?
Instead of degrading my integrity, how about you answer the question I posed? How is it good for us shareholders for WC to sell all of Soupman's assets to a private company that they own? We don't own shares of WC/Gallant, we own shares in Soupman. We want the assets to stay there.
I'm failing to understand how that is good for $SOUPQ shareholders. If they sell all of $SOUPQ's assets to a different company.. don't we basically own a shell?
So then what happens to $SOUP? if they have no assets.. isn't it basically a shell company?
They didn't agree to sell their assets to WC. Nothing in those Google Drive files says anything about WC. They agreed to sell all of their assets to the highest bidder, Gallant Brands, in a board meeting today (as far as I can read)
http://imgur.com/a/9ecYn
Is this not bad news? Found in the google drive files someone posted earlier.
Board Resolution | SoupMan INC
Says that the bid from Gallant Brands was approved by Polsinelli (owners of soupq) and that they are now required to sell all assets to Gallant Brands. I don't see anything here about Wealth Colony.. what am I missing here?
I know that Polsinelli questioned the authenticity of Wealth Colony and demanded more information, did they ever respond? I'm not sure why they would continue wit the sale if unless they were certain that Wealth Colony was not a majority stockholder.
I'm not bashing, just looking for clarification.
Guys, tweets confirm NOTHING
emails confirm NOTHING and ESPECIALLY shouldn't be trusted as they can be faked super easily
The ONLY thing that will confirm this merger is a PR or SEC filing. NOTHING ELSE.
They first stated that they were on track with their 8/10 merger with almost 99% certainty,, but then the day of they drop a fluff PR and hide the merger delay in the small text! Do you think it came to a surprise to them that the merger didn't go though? of course not. They were aware the entire time but didn't want to hurt their share price too soon.
It's the same thing this time around. They are tweeting with a 99.99% certainty that it WILL go through, but TAKE NOTICE that Steve NEVER mentions 8/31 when he says its definitely happening.
Don't even get me started on that quote from GP floating around. Where is the source for that? I haven't even seen a screenshot of him saying it, just quotes from tweets.
Why not just wait until after the merger is confirmed to get in? Truly doesn't make sense why you would need to take a binary chance like that for a slightly better entry.
if pic is broken: http://imgur.com/a/gT9BC
Am I reading this wrong? The restructuring plan sounds like they just want to use $SOUPQ as a licensee and open up a new business that will reap the profits off of the company name. $SOUPQ only getting $1m for the licensing of their manufacturing and products.
Are you kidding me? If they owned all the common shares then it wouldn't be traded right now.
Do we have any definitive proof that Wealth Colony actually did purchase 51%?
All I'm seeing are claims made by wealth colony.
How is this board dead??VCPS Top volume today
I don't see ASTI anywhere in that article, says a Chinese company developed it
Lots of products on their Amazon aren't theirs & ones that are theirs have no sales
Anyone know how much dilution is left for $ASTI?