Zenergy Brands Inc (fka ZNGYQ)

[UncleBilly]

They are not moving forward with that plan anymore. The original plan was supposed to be confirmed on May 14 at the Confirmation Hearing; however, it was not confirmed because, in part, TCA settled a separate fraud claim with the SEC 3 days earlier on May 11 (so the original plan was no longer feasible).

Additionally, the SEC Whistleblower investigation into TCA is ongoing and it looks like they are in some really hot water. They don't have money to pay lawyers to fight this one. Very low on their totem pole. TCA was put into a receivership (SOURCE: https://tcafundreceivership.com/) and have been ABSOLUTE GHOSTS during these bankruptcy proceedings.

TCA is a predatory lender and the top creditor in these proceedings. TCA forced this bankruptcy to go in for a hostile takeover. With TCA out of the way, there's a lot of possibilities ahead for the company. All of them are good.

There has been at least 3 extensions since the original May 14 Confirmation Hearing date and they are working on a new plan (as you can read in the court filings for yourself). Whether or not it preserves common shares is an open question. The astronomical volume last week and the constant $100,000+ on the bid at most times tells me this is not just some iHub group looking for a quick score.

I have made some other discoveries that I will be posting throughout the week. I provide sources for all of my assertions. Here are a few of my past posts. I would like to help moderate this board.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158260125

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158247364