Check these DD out that was posted on Twitter!
"I'm following the money on this one. Astronomical volume this entire week. It should run hard next week when people have an opportunity to read through the bankruptcy documents:
https://cases.stretto.com/zenergybrands/court-docket/#search
In a nutshell, it looks like TCA was a scummy lender & went in for a hostile takeover.
Zenergy was doing very well. Greedy TCA saw this and tried to back Zen into a corner w/ some slick legal language in the loan documents to force them into bankruptcy/steal the co.
Common shares still in tact as of now.
The March "proposal" to cancel commons was supposed to be finalized at May 14 Confirmation Hearing but was NOT confirmed, despite what those who post the outdated Bloomberg article want you to believe.
https://cases.stretto.com/zenergybrands/court-docket/#search%E2%80%A6
Since 5/14, several extensions have been granted and all indications show Zen has solid assets, is making great progress w/ debt reduction, and they continue to generate income.
Latest fins here in monthly BK operating report:
https://cases.stretto.com/public/X038/10048/PLEADINGS/1004808202080000000388.pdf…
It's "business as usual" for Zenergy per the bankruptcy docs & u can call company to confirm. Very professional secretary.
They also updated their website, which looks very nice:
https://whatiszenergy.com
These guys aren't going away. They're building.
So, what is Zenergy?
They offer municipalities and corporations the opportunity to lower utility bills & reduce usage on the energy grid at no upfront cost with legit tech to back it up.
Very interesting case study: https://whatiszenergy.com/docs/zero-cost-case-study.pdf…
I usually don't play "Qs" but we've seen what they can do lately w $B_RTXQ $J_CPNQ $P_FWIQ.
There's a window here to make some money. Don't bet anything u can't afford to lose but its still low enough that a double up/ride free shares is more likely than not IMO. GLTA."
