If the documents are actually read, then it is clear that nobody works for this company. All the directors and executives left the company at the end of August 2018 and the monitor released every other employee. They didn't sell just some of the assets, they sold everything that had any value whatsoever. If the 6th monitor's report, in particular, has been read, the 100 pages of items that were sold, which included the plant and the patents for the process, is irrefutable. There's nothing left.
And if the documents from there forward are read, then it is clear they paid $5.2M total towards the secured debt of $40M, and paid nothing towards the unsecured debt or other liabilities.
So, with nothing left of value the company owns, with no cash left, and with no employees whatsoever, what, exactly, is being bought and who is selling it? Why would anybody want to buy it?
Thing is nobody really believes that crap about a $540M transaction being suppressed from the court records while the courts and monitor documented (and creditors accepted) a $4.3M liquidation. They don't believe it because everybody knows that no transactions occur in a bankruptcy that aren't clearly and directly documented in the court records. They don't believe it because they know that the acquisition of a public company would require all manner of SEC filings immediately, a public approval by the board, a public vote involving the shareholders, and the approval of both courts. That's fact, and there's no getting around it with a BS NDA.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
