DigitalTown, Inc. (DGTW)

[trader59]

First, there is no POR, and the upcoming hearing and teleconference are about the court appointed US Trustee’s motions to rescind the sub chapter V election and to move the bankruptcy to Chapter 7 for liquidation and shut down of the company (which is quite moot, since it has already been shut down for well over a year). Both of those motions have solid support built from the CEO’s own statements in the interview he did during the creditor’s meeting about the company having no business operations whatsoever, no cash, no employees, no bank account, no physical address, and a massive debt, and from a letter from an SEC Special Counsel stating they are still subject to the disclosure regulations and cannot avail themselves to sub chapter V, and therefore cannot bypass the $3.5M of debt and leave the common stock standing. I am fully aware that the judge will listen to anyone that has something to say, but “beliefs,” “hopes,” and “dreams” pale in comparison to “evidence” and bankruptcy and disclosure “laws and regulations.”

Why on earth would anyone that knows “business” want to launch some new idea in a dead, bankrupt shell with $3.5M of debt and nearly 3B shares already issued and outstanding?

This is a pump and dump and everyone knows it. The 11/30 teleconference and 12/3 hearing are all about the court appointed US Trustee’s findings and motions and nothing more.