InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,473.23
(
0.77%
)
US TECH 100
19,408.75
(
1.26%
)
Dow Jones
38,778.10
(
0.49%
)
Brent Oil
83.85
(
-0.07%
)
Bitcoin
66,219.98
(
-0.40%
)
Post# of 144939
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

trader59

Send PM Follow Ignore
Followers 192
Posts 16554
Boards Moderated 10
Alias Born 01/29/2018

trader59

Member Level

Re: iron-eagle post# 144213

Saturday, 05/18/2024 10:33:41 AM

Saturday, May 18, 2024 10:33:41 AM

Post# of 144939
There was no such "5 year business plan" requested in the solicitation for bids on the liquidation, but wouldn't be unusual for the (failed) SISP since it was a "going concern" purchase and the creditors would want the best shot at getting their money back. Share cancellation was only an option if a bidder was going to puchase and recapitalize the company, ie - cancel the old shares and issue new shares to creditors and sell some to raise money), but nobody proposed to do that.

And.... the bidding was in 2018... what's 2018 plus 5 years?

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.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up