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Good for you. Steve as you people affectionately call him, mentioned he wanted to open up a factory perhaps in Europe or somewhere in the United States. Well I've been doing my due diligence as always, and I can't seem to find the product that he plans to manufacture. I stopped by a couple of the dealerships this afternoon, and one mechanic laughed when I mentioned his name and rolled his eyes. At the other place I went to I talked to a sales guy and he laughed too. Apparently they signed the contract just to get the guy off their property, and it doesn't really even matter that they signed it because it's based on units sold, and there are no units to actually sell. So anyway in conclusion I'm pretty sure that any factory they open up will be a share printing facility, but you could do that with a one room janitors closet and a copy machine.
80 million bid with few sellers. That bid size is 11X The size of average daily volume over the course of the last year, so there's still some action
Earlier someone made accusations that these were wash trades, but I'm not seeing evidence of it. Looks like accumulation. Something is definitely going on here, I'm heading to North Carolina to get more information.
Massive 80 million share bid on a stock that has had an average of 7 mil traded over the last year, after 742 million already traded today. ALERTS going off. The walk down trick by the mms doesn't look like it's working. If the accumulator still wants those shares, he'll have to up his bid.
EXCELLENT DD $$$$ GOLD MINE
It is true, the updated address for this ticker does belong to Alpha Modus.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133436457
http://www.alphamodus.com/Contact
https://www.otcmarkets.com/stock/LDSR/profile
Alpha Modus won IBM AWARD:
Ok, I recognize you, you're the one I really need to apologize to, and if I was you, I wouldn't accept it, I'd tell me to ....you know what....but you were right, and best of luck to you in this stock, not that you are really going to need it, luck has nothing to do with it.
I can't tell you exactly when PRs will come...but check this out...like I said, I just don't care anymore about the game, this is about being real. Small time investor USA deserves to make a buck once and a while.
I hop on an charter jet, basically it's kind of like Uber for jets out of Silicon Valley, my company likes to act like they own a jet, but believe me, no f-ing way they spend money on a real jet. Anyway, as we approach Virginia, the guy next to me starts a friendly conversation, we get to talking, turns out he's heading out to check out some company that just got FDA approval. Of course now I'm thinking to myself, "holy crap, this guy is an investor too..." Nope, not exactly. He's in a different line of work.
Yeah, you're gonna make some money here. Take that for what it's worth, just one guy's opinion.
Hey guys. I have to apologize. I came on here, half cocked and said a lot of nasty things last night about this stock without having the full details. I was half drunk and pissed off...did not have full information, and now that I am all the way across the country on the East Coast where ALRT is stationed...I probably shouldn't be saying any of this, but screw it, the average person deserves to make some money in this life, so I've decided to let it fly, it is totally legit, I mean totally legit. You guys saw PUMA on this today? Let me tell you...there is a damn good reason for that. Lot's of small brokers have sniffed this one out and they want every damn detail about it, obviously it was bought up heavily today by the smaller firms...with good reason.
UPDATED FDA LINK:
https://www.fda.gov/aboutfda/contactfda/stayinformed/getemailupdates/default.htm
They have a mention on here from 2011 about a software device. No listing for any approval. 2011?
FDA "APPROVAL" is actually a huge lie, and the reason why this was not put out over any of the major service wires is because the creators of the "PR" do not want to face rigorous scrutiny, and possible prosecution. Think about it. An unknown company that never even mentions anything to the world that they are working on an FDA approval (insanity, any savvy investor that knows anything about FDA Approval for drugs knows that they spend decades raising money in the public domain) suddenly comes out of the blue? And with what? A currently existing product that received "clearance?" Look up FDA regs. Clearance and approval are 2 different things. Clearance is for an already existing product type, approval is an entirely different thing, and they used the word in a headline to make people think otherwise. Yes, I smell lies here.
Clever. Put out a video because you can't argue as to the actual merits of the product, because you're smart enough to know what is really going on. Smart. Very smart. Hats off to you.
It will GAP DOWN hard once people realize that it is not FDA APPROVAL for a drug or device. If you read the PR, which was not put out over major service wires(for a very good reason, like possibility of prosecution) it states under the huge banner headline that it was a "clearance." Ok? A clearance is for an existing product device, not something revolutionary. WHERE IS THE PATENT INFO? Has anyone bothered to notice that there is no mention of the patent? Probably because they don't own it.
Some other Johnny Come Lately to this commented that, "wow, this is just getting out now, the news hitting the services" IT'S CALLED A FLASH PUMP. You just got blindsided by a flash pump. it didn't go out over the regular wires for a reason. And you will notice that the PR that you see on Ihub is differen't from the one that may or may not go out over the wires. I doubt that it will because the flash pumpers that had their troops ready to buy as soon as the "clearance" came though do not want to actually have to stand trial for anything. If they put out anything tomorrow, it will be a correction to lessen the hype that was put out today. Has anyone here ever invested in a real biotech company. Do you know how long it takes to get FDA approval? This was not an FDA approval, it was a clearance for a concept that is already available on the market. What happened today appears to be intentionally misleading. Show me a real biotech company that went through the Phases of approval that ever shot up in one day like this without thousands of investors already following the stock, painstakingly watch it go through each phase. This is an insult to real investors in real biotech firms that go through real testing. This thing that the PR mentions is a nuance on already existing devices. It is nothing.
LMAO ok Doctor. No I am not confusing anything. Those products sold at Walmart do the exact same thing as this newly "cleared" NOT APPROVED NOT APPROVED NOT APPROVED- because the concept has already been approved. You just got hit with a flash pumpthat hit you so fast you don't know which way to spin. Look man, I feel for you. It sucks. But hey, lucky you, most of the people on this have no clue what just happened to them, and now you have information. I'd hate to be sitting on this thing overnight unless I was brain dead, drunk or high.
Here you go buddy:
https://www.walmart.com/browse/health/diabetic-supplies/976760_1005860_1001839
All of these things basically do the same thing. And I grew up knowing some people that were unfortunate enough to be diabetics. In order to function they had to be self reliant and administer their own insulin. They didn't have time to wait for some med tech in a remote location to tell them if their levels were "optimal." Because first of all there is no such thing. But hey man, if you're sweating being ripped off, I understand. I'd be mad too.
A quick time FRONT LOAD, was ready to go. Probably launched a split second after "approval." And the FDA does not call it an approval, they call it a clearance. There were trace amounts of loading over the course of the year, but the real load was ready to go immediately. Think about it.
Then sell ASAP in the morning and you will be a genius. READ the post. Especially the second paragraph:
https://investorshub.advfn.com/boards/board.aspx?board_id=16188
You people are acting like this is FDA APPROVAL for a drug or a device. It is neither! It is an approval for a feature that can possibly be attached to already approved devices that you can buy at places like Walmart. It's almost laughable how easily confused people are by this, but it won't be for the ones that get burned. Yes it was front loaded, just at a much lower level than would trigger alarm bells. But hey, you'll figure it out soon enough.
It compares a standard hypothetical dose(meaning a set figure in a book) to what was actually administered, then lets an LPN know if the dose should be adjusted, and this will be found out days later.
Nothing revolutionary here, nothing earth shattering. This is almost like trying to administer the right amount of booze to a drunk...there really is no set level, it varies.
Morons will buy this, and there are a lot of them, but it will crash hard once they realize there is nothing here.
So you just admitted it? Thanks for verifying that these devices are already for sale at Walmart. BUT the thing this company is supposedly going to upload the info over the internet to doctors. WOW, yeah, Earthshaking news. JOKE
Yes! Walmart carries devices just like this! Here let me break it down for you in a much easier to understand version of reality: This is basically what you are buying into:
It had heavy loads over the course of the last year, by people smart enough to keep it at a low enough level so a cursory glance on a standard chart would not be noticed. Good luck to you.
Look deep into the one year chart. This was heavily front loaded.
Yes you were. But, the good news is, you might still have time to get out before the bail out if you are really quick in the morning.
Yeah. Here's the problem. It's probably going to be a GAP and RUN in the wrong direction. My research is telling me that this was a one day deal. Very clever, but there is nothing significant about this device which isn't even in production. It's only now an approved design that no company has agreed to produce, it could take years to find the funding for something like this, and the problem is, the medical community as well as diabetics themselves already have better, more realistic ways to deal with diabetes. CONGRATS to everyone that made money here today. Enjoy your victory, but this will go back to very low levels very soon. Sorry.
Hi Guys, DDCooper here, just dug this up:
https://upticknewswire.com/featured-interview-ceo-steve-berman-of-on4-communications-inc-otcpink-onci/
I'll let you connect the dots
My Take:
Due to the fact that the Judge has neither approved or denied the sale, and that they did work late into the day to reach a resolution, this will most likely be approved at some point. Also, it seems to me that the shares obviously have some value, and that is an understatement. They have lots of value, because WC owns 51% of them, which prevents the rug getting pulled out from under them no matter what happens. IMO if another bidder were to emerge it would have to pay WC for 51% of the company. Also, for anyone willing to look it up, the actor Jason Alexander (George) on Seinfeld, and Shaq, and a few others still hold stock in this company. Also, the current CEO Kasson, was the former CEO at Steve Madden (IPO Wolf of Walstreet fame) and I am sure that he is trying very hard to work a deal because he knows just how valuable this company really is. IMO, this is another factor which makes the case for the common shares. Because insiders still hold them, and why give them up even if they are losing their Board of Directors majority? Seems you would want to at least get something out of the deal. Right? I guess they could give them away, but I would wait for the price to climb after the Q goes away.
DD UpDate:
Here are the missing last two FULL articles in reverse chronological order:
Soupman Sale Approval Withheld On Fairness Concerns
By Vince Sullivan
Law360, Wilmington (August 30, 2017, 7:39 PM EDT) -- A roughly $2 million proposed sale of Original Soupman Inc. assets to an affiliate of shareholder WealthColony Management Group LLC failed to gain bankruptcy court approval Wednesday, after two days of hearings on the terms and process behind the deal.
During a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge Laurie Selber Silverstein said that the evidentiary record made at the hearing was not enough to satisfy the standards for approval of an asset sale under Section 363 of the U.S. Bankruptcy Code in light of Soupman’s board of directors not voting to approve the sale.
“The standard ... is well-known,” Judge Silverstein said in making her ruling. “It requires the court to find that the sale is a sound exercise of the debtors business judgment.”
Due to the lack of a resolution from the company’s two-person board, Judge Silverstein said, she was unconvinced Soupman actually knew what assets it was selling and what the estate would be retaining post-sale.
Gallant Brands Inc., a corporation formed by WealthColony for the purpose of acquiring the Soupman assets, was the only bidder to make a qualified offer ahead of Monday’s auction, other than the stalking horse bidder, which is also Soupman’s debtor-in-possession lender. The Gallant bid was for $2 million cash, outstripping the $1.7 million offered as part of the DIP lenders’ credit bid approved as a stalking horse offer earlier in the case.
When issues about the status of Gallant as a potential insider of the debtor were raised, Gallant and Soupman negotiated during the auction to leave behind avoidance actions and claims against the debtor’s directors and officers that might be brought by the estate.
However, Judge Silverstein determined Wednesday that Soupman Chief Restructuring Officer Michael Wyse and CEO and board member Jamie Karson made the decision to alter the stalking horse asset purchase agreement to reflect these changes to the deal with Gallant at the close of the auction. Testimony from Wyse at the hearing indicated that independent director Ronald Crane did not approve the alterations of the asset purchase agreement.
The DIP lenders remain as backup bidders following the auction and would purchase all the debtor’s assets, including causes of action.
Issues surrounding a Section 13d letter sent by WealthColony in the days before the auction-bid deadline also gave the court concern about the auction process, because WealthColony asserted in the letter that it acquired the written consent of enough shareholders to remove the board of directors and replace them with WealthColony's own directors.
Wyse testified that at least one of the 12 potential bidders ahead of the auction withdrew from the process due to concerns over the corporate governance of Soupman following WealthColony’s 13d letter, and that others may have dropped out for the same reason. Wyse said he did not reach out to other potential bidders after the letter was received.
What Wise did say on the stand was that he replied to WealthColony that Soupman contested the written consent and opened an investigation into the holdings of WealthColony in the debtor and the number of shares WealthColony was purporting to represent in the 13d letter.
However, Wyse said that he had no preliminary results from the investigation and could not confirm or deny WealthColony’s ability to take action regarding the composition of the board.
WealthColony principal Joseph Hagan said that WealthColony took Wyse’s reply at face value and did not pursue the replacement of the directors any further, but instead chose to make an offer in the auction.
Judge Silverstein said Wednesday that while she was making no determination on the intentions of WealthColony in filing the 13d, the timing and impact of it raised questions about the effect on bidding.
“I find this record does not support the finding that this was a fair sale process,” Judge Silverstein said.
She neither approved nor denied the sale motion, leaving the door open for actions from the debtor to supplement the record and resolve the objections of senior secured creditor Hillair Capital Investments LP. During a recess in the proceeding, Soupman's attorneys made attempts to rectify the issues the court highlighted before Judge Silverstein made her ruling.
Those attempts included convening a telephonic board meeting to adopt a resolution approving the asset purchase agreement with Gallant and filing complete schedules on the assets to be acquired in the deal and the assets that would be left behind in the estate.
Judge Silverstein said those actions were encouraging but had come too late in the game Wednesday to impact her decision.
The debtor's attorney Jeremy Johnson of Polsinelli PC said he would need time to confer with his clients and others to determine the best course of action going forward. Soupman’s DIP facility matures Thursday, and the debtor will be out of funding at that time absent any further action.
Hillair's attorney, Robert S. Brady of Young Conaway Stargatt & Taylor LLP, said he would like to look into the board’s new resolution regarding the sale via depositions of the directors.
The debtor is represented by Christopher A. Ward and Jeremy R. Johnson of Polsinelli PC.
WealthColony is represented by Colin R. Robinson of Pachulski Stang Ziehl & Jones LLP and Philip D. Forlenza and Donald F. Campbell Jr. of Giordano Halleran & Ciesla.
Hillair is represented by Robert S. Brady of Young Conaway Stargatt & Taylor LLP.
The case is In re: Original Soupman Inc. et al., case number 1:17-bk-11313, in the U.S. Bankruptcy Court for the District of Delaware.
FIRST
'Soup Nazi' Distributor Pegs Investor Group As Ch. 11 Buyer
By Matt Chiappardi
Law360, Wilmington (August 29, 2017, 9:06 PM EDT) -- The distributor for the chef who inspired the "Soup Nazi" character on "Seinfeld" told the Delaware bankruptcy court Tuesday that a unit of the shareholder group WealthColony Management Group LLC, which was once embroiled in a fierce dispute with the company, won an auction for its assets.
During a hearing in Wilmington, attorneys for Original Soupman Inc. told the court that WealthColony unit Gallant Brands Inc. had been deemed the winner of the auction Monday evening coming in with a bid that topped the stalking horse offer from the private undisclosed lender group that had provided the debtor with its post-petition financing.
The debtor-in-possession lender group, which extended $1.7 million in financing, had made a credit bid as its floor offer. Information about the amount of the winning bid had not been entered into the court record as of Tuesday.
U.S. Bankruptcy Judge Laurie Selber Silverstein had been slated to consider the sale at the hearing Tuesday, but delayed the proceedings from the bench to Wednesday to allow the sides to work out issues over a yet-to-be executed asset purchase agreement, and a potential objection from senior secured lender Hillair Capital Investments LP.
"We don't have a signed APA and don't have a [proposed sale] order," Hillair attorney Robert S. Brady of Young Conaway Stargatt & Taylor LLP told Judge Silverstein.
Hillair was concerned that the sale to Gallant could essentially be a sale to an insider, requiring higher court scrutiny, because a U.S. Securities and Exchange Commission regulatory filing had shown that two directors from Original Soupman's board had been removed earlier this month, replaced with two directors appointed by WealthColony.
One of the main points of contention were what assets were being sold in the sale, and whether that included claims against WealthColony, which would mean the buyer would be purchasing claims against itself.
Attorneys for the sides deliberated for nearly an hour in the hallway, and when they returned, Brady said that Hillair would likely not object at the hearing set for Wednesday if the buyer up for approval was indeed Gallant, or an affiliate, and the claims against WealthColony were not part of the asset package being sold.
Attorneys for both Original Soupman and WealthColony had earlier said that the APA was similar to the one the court already approved for the stalking horse bidder, save for the addition of "diligence language."
WealthColony has been embroiled in a dispute with Original Soupman, with the debtor filing an adversary action claiming the shareholder group had been waging a "smear campaign" to derail the bankruptcy that included efforts to stop post-petition financing and replace the company's board of directors.
Original Soupman said in its complaint that the shareholder group sent it a proposed restructuring strategy in June that involved a "likely fraudulent transfer" of the company's bulk soup business to a company controlled by WealthColony for $1 million. Original Soupman argued the plan would have left it weaker and with nearly all of its debt still intact.
The Original Soupman filed for Chapter 11 protection June 13, listing more than $10 million in debt and hoping to run a quick sale process that would keep the company alive as a going concern.
The New York-based company licenses and sells soup from the chef Al Yeganeh's recipes. Yeganeh owns the Manhattan restaurant Soup Kitchen International, and his brusque demeanor was the inspiration behind the "Soup Nazi" character on the long-running 1990s NBC sitcom "Seinfeld" who had strict ordering protocols and would often turn customers away by yelling, "No soup for you!" if the rules were breached.
The debtor is represented by Christopher A. Ward and Jeremy R. Johnson of Polsinelli PC.
Hillair is represented by Robert S. Brady of Young Conaway Stargatt & Taylor LLP.
WealthColony is represented by Colin R. Robinson of Pachulski Stang Ziehl & Jones LLP and Philip D. Forlenza and Donald F. Campbell Jr. of Giordano Halleran & Ciesla.
The case is In re: In re: Original Soupman Inc. et al., case number 1:17-bk-11313, in the U.S. Bankruptcy Court for the District of Delaware.