Tuesday, October 26, 2021 11:25:32 PM
Here's the page of the latest court doc that has new info - the rest is a summary of what was already known.
Adar did not get their note converted to equity, and custodianship was terminated, meaning Lazar is no longer custodian.
An aside: Adar in its now-withdrawn counter-motion had claimed that Auctus Fund already had its notes converted to equity, but that wouldn't seem to have happened going by the fairly recent OS given at OTC Markets. The OS would explode if Auctus's claim was converted to shares. Maybe the shares haven't been registered yet? Or maybe that just never took place. I frankly have no idea - there's no way to know from the information available.
Anyway, it's still a horrifically debt-ridden unbuyable shell in the expert market with no financials posted since 2017, a company which lazar has stated repeatedly, through his attorney in court documents, that he was unable to rehabilitate. There will be no more new information via court filings at CCC since custodianship is terminated and the case is closed.
Adar did not get their note converted to equity, and custodianship was terminated, meaning Lazar is no longer custodian.
An aside: Adar in its now-withdrawn counter-motion had claimed that Auctus Fund already had its notes converted to equity, but that wouldn't seem to have happened going by the fairly recent OS given at OTC Markets. The OS would explode if Auctus's claim was converted to shares. Maybe the shares haven't been registered yet? Or maybe that just never took place. I frankly have no idea - there's no way to know from the information available.
Anyway, it's still a horrifically debt-ridden unbuyable shell in the expert market with no financials posted since 2017, a company which lazar has stated repeatedly, through his attorney in court documents, that he was unable to rehabilitate. There will be no more new information via court filings at CCC since custodianship is terminated and the case is closed.
I never give buy/sell/hold recommendations or financial advice. Be careful with your investment dollars, especially in the pink sheets.
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