DigitalTown, Inc. (DGTW)

[trader59]

Sorry, but that's preposterous

This is the court appointed US Trustee, and the court will listen to them when the evidence is presented that the company is completely dead, has been for well over a year, and cannot use subchapter V, and therefore cannot submit a chapter 11 reorganization plan.

The court appointed US Trustee has the testimony of the company CEO stating there are no business operations, no employees, no cash, no physical location, not even a bank account in the company's name. That's FACT. The court appointed US Trustee has a statement from a Special Counsel of the SEC stating the company is still subject to the reporting requirements it tried to weasel out of, and is therefore not eligible for the subchapter V cram down provisions.


What, exactly, do you think the judge is going to do when the court appointed US Trustee presents these facts (dead company and no way to do Chapter 11)? It's about as "finite" as a case can be. Everyone is welcome to go to PACER and read those documents, same ones that I have read, if they're interested in learning the truth about this dead company. It is highly recommended and very insightful when read for the first time ever.

Guess what that hearing is for that all the chatter's about? The one on December 3rd? It's about the motion from the court appointed US Trustee to move this to Chapter 7 and has absolutely nothing to do with a reorganization.

Here you go, the notices: