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Re: jlee3 post# 15480

Tuesday, 10/03/2017 12:04:51 PM

Tuesday, October 03, 2017 12:04:51 PM

Post# of 21990
Which PR from the company explains SOUPQ is not a viable entity?

Is that something the company said or is it more "dot connecting"?

SOUPQ is a public shell, debt free with a clean balance sheet and no longer in bankruptcy


Agree, Soup is no longer in bankruptcy.

Note: Emerging from BK automatically makes the company a viable entity:

"Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares."
https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html

NOBODY emerges from BK not viable, otherwise don't emerge and liquidate.

GM same as SOUPQ, both 363 BK sales except GM emerged after cancelling the old shares, the way a legit emerging is supposed to.

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