Soupman Inc. (fka SOUPQ)

[coinsguy]

The original company still controls the ticker. Just because CW has control over the majority of the shares in the original company, does not mean that GBI controls the ticker. A private corporation cannot buy a ticker/symbol. Tickers belong to publicly trading companies. The original company is now in Chapter 7 bankruptcy. There is no one in charge of the company except for the trustee and he is tasked with shutting down the original company, which will unassign the ticker. It will not belong to anyone. You cannot reverse merge with a Chapter 7 company. You cannot "buy" the shareholders of a chapter 7 company. The only possible way of preserving the ticker and keeping the shareholders whole was a merger during chapter 11 proceedings and that did not happen, even though WC had control of 51% of the shares in the company. Instead, it bought the assets of the original company; the equipment, the recipes, the branding/brand name, the rights to "The Original Soupman Soups" name, the customers, the vendors, the distribution channels etc. It did not acquire the ticker or the shareholders. SOUP/SOUPQ is dead.