DigitalTown, Inc. (DGTW)

[trader59]

Their approach to Chapter 11 isn't happening.

Source document: Motion to rescind debtor's subchapter V election (Docket #16), submitted by the US Trustee on October 28, 2020 (ie - later than the fluffy pump PR issued by the company to sell stock)

First screenshot is the conclusion of the SEC Special Counsel on the company's reporting obligations at the time of the bankruptcy filing. Basically, the company cannot suspend its obligations unless it was meeting them (ie - current in its reporting).
Second screenshot is from the Trustee's accompanying motion, stating that the company does not qualify for subchapter V treatment, and therefore is not able to use the "cram down" provisions (saving the common stock).

It's all right there on PACER for those that don't want to lose 100% of their investment in this stock.