Those documents are as of 02.04.15 ie over a year ago. So if the Petition for BK is dismissed & assets were sold or transferred out, does that mean all the existing liabilities remain in the shell? In other words, assets get out & all liabilities remain vs getting extinguished?
CACH - Thanks for sharing. Here is one more CACH bankruptcy document for your collection - the latest progress report that they submitted to the courts for the period ending September 30, 2015:
Assets gone No Employees No physical location (office, retail store, or otherwise) Only $735k in cash Only $2.1m in assets and $25.6m still left in liabilities
Obviously payments were still being handed out through October and November plus the attorneys had to be paid.
Fact is there is nothing left of CACH. Nothing to invest in. My guess is they will just abandon the shell and ignore whatever debts they couldn't pay. Probably the SEC eventually suspends the ticker and revokes it, but if they let it sit long enough as a zombie ticker maybe in 3 or 4 years somebody will hijack the ticker and try to use it for something.
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