News Focus
News Focus
Followers 1535
Posts 7856
Boards Moderated 4
Alias Born 02/26/2010

Re: hedge_fun post# 103934

Thursday, 02/18/2016 10:43:39 AM

Thursday, February 18, 2016 10:43:39 AM

Post# of 234088
CACH - Thanks for sharing. Here is one more CACH bankruptcy document for your collection - the latest progress report that they submitted to the courts for the period ending September 30, 2015:

https://promotionstocksecrets.com/wp-content/uploads/2016/02/cachprogressreport.pdf

Assets gone
No Employees
No physical location (office, retail store, or otherwise)
Only $735k in cash
Only $2.1m in assets and $25.6m still left in liabilities


Obviously payments were still being handed out through October and November plus the attorneys had to be paid.

Fact is there is nothing left of CACH. Nothing to invest in. My guess is they will just abandon the shell and ignore whatever debts they couldn't pay. Probably the SEC eventually suspends the ticker and revokes it, but if they let it sit long enough as a zombie ticker maybe in 3 or 4 years somebody will hijack the ticker and try to use it for something.





Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today