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NVTRQ - Pushing higher again today. Has anyone found any inside information as to why this is happening? Is it a potential buyer trying to buy as much stock as possible? Yesterday’s volume of almost a million shares is proof something is going on in the background. Is it an investment firm with inside information? Feels like there could be a big move upward coming any moment.
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NVTRQ - Up over 400% at one point. Ended up 113%! I am still holding. I am hoping for another bump. Big enough to get me in the green.
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@NVTRQ
I just saw it too! Right at the end of trading! Big move and a ton of shares. Somebody knows something. I looked on the BR website but did not see anything. Does anyone know the outcome of the voting? Perhaps the voters voted the down the plan. If that happened could it start a whole new round of bidders???
Anyone know the results of the final vote?
Josey, did they give dates? Wasn’t the prior date April 17th? So now what do you think the date is? Thanks!
WOW! It’s awful quiet on this board. Any news from anyone? What is the status of the BR court in the Ch 11?
If anyone has any knowledge of a class action suit being prepared please let us know. Thanks!
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I believe that the court approved the sale only because of deadlines and knowing that there is the secured and un-secured creditors have an opportunity for objections to the sale and several lawsuits that will most likely be filed.
I did not see any sale numbers either. Why were those not published???
Also, after reading and rereading the document I was very confused about what was being purchased and what was not being purchased. It seemed like there are references to many other assets that were not covered in that document and were still up for sale. Did anyone else get that impression from reading the document. I thought it was a poorly written document.
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I still have not seen anything about the Friday meeting. From what I have read I do not think that the pending purchase is a good deal for secured or un-secured creditors. I fully expect it to be rejected. Then wait for the FDA approval and new offers.
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Did he ever clarify with you exactly what happened?
Josey, thanks for doing that! The DOJ (Marc Salitore) will need someone, Scott or one of the investors, VC members to speak directly to him. Can you get anyone to call him?
Please explain in more detail? Are us equity owners getting pennies for our stocks? Where did you get the info?
I see some positive buying of NVTRQ happening now. Does anyone have positive news to share? Somebody must know something. Thanks!
Hi Amir,
I have been sharing everything that I know and what I have learned through my research. I do not know anything about Canada Laws or Taxes.
It is my understanding that if you sell your stocks before they are zero value you can only take $3000 per year as your loss each year until you recover all of your losses. If you wait until they are zero value you can take all your losses in the first year. Please check with your CPA or tax advisor to insure this is correct. I do not claim to be a tax specialist only sharing my research. Best of luck to all!
Josey, can you email me at IndyBanquetHall@yahoo.com I want to have private email conversation with you. Thanks!
According to my research any publicly traded company’s that has went bankrupt was liquidated and the stock is zero valued creates a loss that is a 100% write off against any gross income you will be reporting. You can write off the entire loss in the year it occurs. But make sure that you have excellent records and screenshots of your losses in case the IRS challenges your filing. I am still holding long believing that the court will determine that the current bids are not in the best interest of everyone involved including those of us that own common stock. Good Luck to all!
I wrote and voiced my objections to the DOJ and the BR Court again today. Everyone else should stop what your doing and do the same thing. We need this to go back to a bidding situation to get the purchase price up to an acceptable level.
BR Court delay is highly likely Today. With the current objections of the unsecured attorneys and other unsecured parties I believe a delay in the final hearing is highly likely today.
Contact the DOJ and the Court IMMEDIATELY! ALL NVTRQ Nuvectra shareholders should contact the DOJ to protect common stock shareholder’s investments. The NVTRQ contact at the DOJ is Marc Salitore - Marc.F.Salitore@usdoj.gov - It is VERY important that every shareholder reach out to him ASAP so the common stock shareholder equity interest in NVTRQ Nuvectra is adequately represented in Ch. 11 proceedings.
ALL NVTRQ Nuvectra shareholders should also contact the Bankruptcy Court to express any and all concerns with the unacceptable/criminal way this Chapter 11 case has been handled and your desire to protect your equity interests in your common stock shares of NVTRQ - Nuvectra.
http://www.kccllc.net/nuvectra/inquiry
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Class Action Lawsuit is still a possibility. We can name everyone in the suit if they try to keep us from getting any equity. I think there are a lot of issues with this case that are criminal. If we find out the behind the scenes story there may be a lot more criminal behavior and perhaps money changing hands behind the scenes. The DOJ told me that they were watching this case very closely. I’m not convinced that they will step in to protect us. We may have to do it ourselves.
FOR IMMEDIATE RELEASE - Please share and publish - ALL NVTRQ Nuvectra shareholders should contact the Bankruptcy Court to express any and all concerns with the unacceptable way this Chapter 11 case has been handled and your desire to protect your equity interests in your common stock shares of NVTRQ - Nuvectra.
http://www.kccllc.net/nuvectra/inquiry
#NVTRQ
$NVTRQ
$Nuvectra
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FOR IMMEDIATE RELEASE - Please share and publish - ALL NVTRQ Nuvectra shareholders should contact the DOJ to insure an Equity Committee is formed to protect common stock shareholder’s investments. The NVTRQ contact at the DOJ is Marc Salitore - Marc.F.Salitore@usdoj.gov - please reach out to him ASAP and tell him why you believe an equity committee should to be formed. It is important that every shareholder reach out to him ASAP so the common stock shareholder equity interest in NVTRQ Nuvectra is adequately represented in Ch. 11 proceedings.
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To clarify, the $35 million pull back by the BR court should still be put back into cash holdings and the $35 million debt should be paid by Cirtec since they are paying off all debt. Therefore, the common’s value just went up by $35 million.
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Josey, The way I see it the common should get at least .55 cents per share. If they pull back the prepaid $35 Million then that could change dramatically and I think that is a very high possibility because that was an illegal transaction. So commons could get up to $2.50 per share or more if the FDA approval goes through. As I see it there is still a lot of things to play out here and that the people who have been selling the last two days could have sold way too soon. There could be a very nice spike yet to happen. Your thoughts?
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I hope the DOJ has enough pairs of handcuffs for all these crooks!
They should go to prison for at least 10 years!
Agree!!! What if it is not true? All those shares were sold today pretty cheap! Could be a major stock manipulation by those attorneys! If it is not true!
It would be nice to get clarification on the supposed bid of $2.3 million by Cirtec ASAP! What does it include and what does it not include? How did the unsecured creditor attorneys get their hands on the purchase agreement before it was released to the public? Isn’t that illegal? This allowed them the opportunity to do “Insider Selling”.
We know there is still $10 million in cash, an additional $35 million in cash if they pull back the prepayment to the bankers and any additional funds raised by selling additional assets not in the original bid. We could reach around $50 Million. That would be $2.80 per share.
When I read the original purchase agreement published on the BR website I understood it to say that the purchase would include all assets of the company. Why are they now letting them buy just pieces of the company assets? I did not see a revised purchase agreement published on the BR website.
I am getting all my information together to reach out to my contact at the DOJ. Please post anything else I am missing that I should bring up with my DOJ contact. Thanks!
Does anyone know a law firm that would want to start a Class Action Lawsuit on behalf of the Common Stockholders? All combined we have millions of dollars at stake here.
What are you institutional investors doing? You still own about 60% of the shares. Are you institutional investors planning to do anything??? Or just stand by?
This keeps getting more and more fishy by the day! I can’t help but believe that the NVTRQ insiders are involved in this deeply and trying to pull a fast one on everyone of us. I wonder if they are willing to go to jail for any illegal acts they have committed?
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Completely agree! Perhaps I need to reach out to my contact at the DOJ again and have a long discussion with him about all of the questionable things surrounding this BR proceeding, asset sale, sale price released early and the $35 million prepayment to the bankers. What do you all think?
Is it time for all of us Common Stockholders to get a law firm to start a Class Action lawsuit? I think it may be time. We need to act fast!
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Reassuring to see a lot of buying of NVTRQ at some pretty high share quantities. Several thousand per buy..
I agree! I do not believe that the number posted in the document is the full story. There is no way the BR court will let the assets sell for a ridiculous amount. The BR court will also need to pull back the $35 million prepayment paid to the bankers ASAP.
Josey, what’s your take on all of this new information?
No way the BR Court will accept a $2m bid if it is even true. They would do better to sell it in pieces. I cannot believe that Boston would even waste their time to offer $2m. When in the last several years the lowest Boston has bid for a company was $160 Million!
Can you put up a link where you pulled that information? Thanks!
JP8100, good luck! I feel very confident that this is going to turn out very well for those of us holding long! The winning bidder, Cirtec’ s parent company has over $9B in assets and the backup bidder, Boston Scientific has a $52B market cap and has not paid less than $160M for any acquisition in the last several years. I say the winning bid is between $125m - $150m but don’t be surprised if it is over $150m.
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That’s interesting! I also added another 25,000 shares today! Ha! I know you have more than almost any of the NVTRQ insiders now. I own just slightly less shares than you. But still more than 90 percent of the insiders. I am very confident this is heading in the right direction from all the signs we have been seeing. The people who do not buy some amount of these shares will probably be sorry aft this coming Friday when the selling price is announced. Good luck to all holding long!
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I am confident in the way this buyout is heading. The two companies, Cirtec and Boston Scientific and the discussion I had with my friend over the weekend saying that his company’s bid estimate for NVTRQ was $115 million. So I added several thousand more shares today too! I may continue to add more depending upon news.
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Oich, did all of those listed end up with payouts to commons? Did any of them end up with stocks exchanged to the buyers stock?
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Nuvectra is now up 66.67% now at .15 cents per share and really starting to take off! It’s going to be a rocket ship! The news is just now getting out and people are starting to buy! Enjoy the ride all you longs! I’m riding it with you!
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The PPS is up to .13 / share. Up 44% this morning. It will continue to rise as the news of Cirtec being the buyer and Boston Scientific being the backup buyer. Note that Boston has bought many businesses in the last several years and they have not purchased and business in the last several years for less than $160 million!!! That alone should get people buying this stock before the Purchase price announcement this coming Friday.
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