very good questions, here is my very long guesses...
yes, lazar is legally trying to take custody
of shells that have a q attached. he has successfully
taken custody of 3 so far (mshfq, cerpq, xnnhq)
all 3 previous companies had there bankruptcy about
5 years ago. "Is he buying them from the trustee"
i don't know, but my guess is yes & here is why...
from all my readings, a bankruptcy trustee is usually
assigned by the 'courts', which i guess means a judge.
and mr lazar gets his custodianships granted by a judge
& the only other thing i am pretty sure of is that mr
lazar has to show that he attempted to contact any known
associates to that ticker (i.e.: trustee) to see if they
object to the custodianship... i guess there is a possibility
that the judge or lazar is not aware of the 'trustee' and
there is a possibility that if the trustee finds out that
there is still an 'asset' out there, he can attempt to
re-open the bankruptcy case. so, is there a statue of
limitations on bankruptcy cases? afterall, after 5 years
my guess is that the trustee, creditor/debtor has moved
on and could care less about an empty shell of a formerly
bankrupt PUBLIC TRADED company, that they were likely
very aware of during the bankruptcy proceedings 5 yrs ago
& nothing was done 5 yrs ago?!..... for the record...
i love lazar and i love playing his custody shells...
for once in the otc, i don't have to deal with a crappy
ceo with bs prs and massive dilution... lazar works
and he gets things done and the
process that he puts his LEGAL, COURT ORDERED
custodys through are usually very lucrative for an
experienced otc trader
thanks for reading, good luck to you.