Golden Mountain Financial Holdings Corp. (fka FNBCQ)

[Value_Investor]

Very sick manipulations from the MM! How could FNBCQ drop to 0.0114 today with Meager 20K shares trading volume while last Friday it had 100K shares bid at 0.0127 without any fill?

Anyway Good News just kicked in today (see the quote below) from the bankruptcy court! We should see this hidden gem bounce back up to 0.1089 before it hits another new low...

First NBC Bank Holding Extension Sought --- 08/21/2017.

First NBC Bank Holding filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 7, 2017 and December 7, 2017, respectively. The motion explains, "The Debtor has only recently, i.e., in mid-July 2017, obtained access to its financial records. Furthermore, due to the limited financial resources of the Debtor since the Petition Date, the Debtor has been unable to retain any professionals to review the financial information and provide analysis needed for the development of a Plan….On August 18, 2017, the Debtor filed a motion for turnover of funds, i.e., nearly $600,000, currently in the possession of Whitney Bank [Doc. 91]. Assuming that motion, unopposed by Whitney Bank, is granted, the Debtor will soon have the resources available to retain professionals to perform certain analyses required for the development of its Plan. The Debtor maintains that the possibility of competing plans would drive up administrative costs in this case to the prejudice of unsecured creditors who would ultimately bear such costs. Accordingly, extending the Exclusivity period is in the best interests of the Debtor, its estate and creditors."

0.0125 x 0.0136 now. The next ask is Mere 10K shares at 0.0189 from Hyper Thin asks of Level2!