News Focus
News Focus
Followers 14
Posts 13540
Boards Moderated 1
Alias Born 12/14/2018

Re: youngster-moon post# 106488

Friday, 07/31/2020 8:59:19 PM

Friday, July 31, 2020 8:59:19 PM

Post# of 153911
Let me repeat myself: there was no one working for the company at the time the liquidation was complete. At the time the liquidation was announced, there were several mentions that the equity was worthless, including the an 8k filed with the SEC, excerpted here:

As a result of the liquidation process, all of the directors and officers of the Company and its subsidiaries have resigned, leaving PWC to oversee the process in its role as monitor, under the supervision of the Court.

There can be no guarantee that the Company will be successful in securing an acceptable offer in connection with the liquidation of its assets. Moreover, if an acceptable offer is received, the liquidation of the Company’s assets will almost certainly result in no residual value for non-secured creditors and equity investors.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today