DigitalTown, Inc. (DGTW)

[trader59]

Bottom line

The judge did not approve their Sub V. The hearing on that is on the 21st. The judge ruled without prejudice on the conversion to chapter 7. The judge rules on "legal" only and protects the creditors while providing the company protection from them. In Chapter 7 the creditors get nothing, zip, because this company owns absolutely nothing.

And what I've done is posted the assessment of the US Trustee that this company is and has been dead for some time, most all of the foundation coming directly from the company's contractor CEO's own lips. No business operations, no employees, no bank account, no physical location, no assets of value, all directly from that CEO. And because this company filed bankruptcy and proposes to bypass its creditors owed $3.5M and take cash from a toxic lender that will turn around and dump discounted stock into the O/S, it magically becomes some sort of a good investment? That's absurd.

This is a pump and dump, and everyone knows it.