Thursday, March 04, 2021 7:01:26 PM
Update on chapter 11 proceedings
We sent out the following alert on BLUU yesterday and it mentions "hit and miss" on toxic finance activities.
TGRR is a miss (in a good way) meaning that since the issuer entered into Chapter 11 no toxic debt conversion has taken place and henceforth no filing is being anticipated. All trading activity is natural in our opinion without any outside influence as aforementioned.
BLUU we are engaged in a tug of war attempting to compel the financier to disclose their actions. On a positive side note notwithstanding that BLUU creditors are entitled (due to a loophole) to receive over 1,2 billion shares we have managed to settle with them for less than 250 million shares. It can be said that BLUU did not suffer a direct hit but a brush/scrape.
FTWS has no active transfer agent as Island Transfer is no longer in business https://www.sec.gov/news/press-release/2019-16 In other words FTWS is in the same boat as TGRR that no conversions are being done (even if the creditor demanded) theres no one there to fill their request. Obviously the situation is fluid on both TGRR and FTWS. We endeveour to maintain full transparancy of all activity on all the issuers as interim management and control block owners.
ADHC is a hijacked issuer by ex ex management working in concert with the transfer agent. See 8k filed and copy of the complaint https://www.otcmarkets.com/filing/html?id=14718088&guid=f-haU60g_Cw4w3h The proper management once the emergency motion to have the hijacker is heard will immediately commence a 25,000-1 reverse split on the common shares.
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