Replies to post #5934 on Soupman Inc. (fka SOUPQ)

[Alpert]

That's standard in a BK Case Bama... cmon, I think you know this.

Why would WC go through the trouble of buying 51% of commons? They could have just bid on SOUPQ assets at bankruptcy without going through the trouble of becoming the majority shareholder. Do you really think WC the hedge fund wants to be in the private business of selling soup themselves?

[X1000]

no thewy wont why would the courts or the controlling party which is WC and own 51% which basically they decide if commons get wipped out , they wont allow that to happen , the reason they didn't acquire the capital stock is because they already own 51% they don't need more stock , the other shares are owned by soup man people and employees they are letting them keep their shares , and so will WC , once the co starts bringing in royalties and profit the share price will climb and WC will dipose of shares by selling at market or sell their stake to a major company banking on their shares

[retireat40]

Ugh...so Wealth Colony (who owns 51% of the commons) will wipe themselves out??? They just bought the shares in June. Good grief.

[Trade_Trigger]

Exclusion only applies to common shares that the seller owns. In other words the buyer already controls 51% of O/S and is not including whatever amount of shares the seller owns in purchase agreement. All is fine!