Thanks we're on the same page about asking questions to turn over every rock. We're all here looking to make money, not get left holding a bag. I've been clear the best way to play this is to take some profits/ride free shares, which it seems like most have done.
My posts are not just conjecture though and I think you know that if you read them. I link to sources (court filings, news articles, etc.) that indicate its more likely than not that commons will be preserved and there is a detailed explanation right on the BOX of this page laying it all out with links to sources.
$4M in volume (all COMMON SHARES being bought) in a stock that was doing $0 in volume. This $4M came in just 1 week before ZNGYQ announced that the original plan to cancel commons will not be moving forward and that they found a 3rd party lender "in the past week" to assist with a new plan that will fund their exit from bankruptcy.
Who do you think was buying those shares? Please, sincerely, let me know. I would like to know your opinion.
My opinion is that it was likely insiders who knew what was coming. Its just too much money and the timing too coincidental to the filing to believe it was anything else IMO.
I also provided links to confirm that TCA (ZNGY's lender) was running a fraud operation and was put into a receivership with the SEC. The filings also show that TCA was the party that wanted to take the company private and cancel commons shares. TCA is out of the picture now per filings.
Why do you think the commons will be cancelled now that TCA is out of the way, a 3rd party lender has been identified that is willing to fund the bankruptcy exit, and $4M in volume came in out of nowhere?
