Wednesday, November 22, 2023 11:53:34 AM
Did You say “Bankruptcy?”
“ownership can be transferred in ‘bankruptcy’ proceedings. In certain bankruptcy scenarios, especially under Chapter 11 of the U.S. Bankruptcy Code (used for reorganization), the ownership structure of a company can undergo changes. This might involve the issuance of new equity to creditors or other parties involved in the restructuring process. In extreme cases, the company's assets may be sold, and the proceeds distributed to creditors, potentially resulting in a change of ownership. The specifics depend on the bankruptcy type, jurisdiction, and the terms of the restructuring plan approved by the court.” ~Your Mom {2023}
Maybe that Explains what’s happening here with $OPTI in {2023}?
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POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM