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Re: satelliteguy post# 4520

Wednesday, 01/16/2013 6:49:54 PM

Wednesday, January 16, 2013 6:49:54 PM

Post# of 4526
Sorry, I was wrong - I had to go back and look at my e-mails and correspondence from when I was contacting the company. I found out that I mixed up two of my loser sub-penny stocks! I was talking about ECGA and not INSQ. ECGA sent a notice stating that it had valued the company at zero, so the publicly traded company was going private and there was nothing for the existing public shareholders. I followed the procedures set out to do a demand for appraisal rights, and now I still have my shares (as opposed to returning them to the company in exchange for zero), and the next step is that either I or the company is supposed to file a suit so that the court can determine the value of the shares (the goal is that the valuation will be greater than what the company valued its shares at when they offered to pay zero). So I was thinking of ECGA when I answered. I also own INSQ, but with this company, there was no demand for appraisal rights. I believe the company did a reverse stock split, and then the SEC revoked the stock - I believe. I still have 142,857 shares in my account with a zero value. So, I am not sure what can be done about these shares. Sorry for the mix up. If anyone knows what can be done with these shares, that would be nice!



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