but no ones being paid from Co. assets. the hedge fund is taking all the assets, paying off creditors. The hedge fund is the biggest shareholder, they aren't cancelling themselves at a huge loss
In most cases is not all cases. Show us in the plan presented to the judge where it says shares will be canceled. If existing shares get canceled, then WealthColony's 41% stake also gets canceled. Does it make sense now why the plan does not including wiping out commons?
Is this your first Q play? Posting a "in most cases" doesn't hold any water. CEMJQ was my first Q play, no cancellation there... I'm sure we can all list a few.
COMMONS ARE NOT BEING CANCELLED! THIS ISNT "MOST INSTANCES" WE DONT NEED THE DEFINITION OF WHAT A BK IS PAL WE ARE WAY BEYOND THAT POINT WHICH IS WHY SOUPQ HAS 23 MILLION IN VOLUME TODAY! THE COMMONS ARE NEEDED FOR THE TAKE OVER HENCE 51% WC/GILANT THATS HOW THIS WHOLE THING CAME ABOUT. ASSET SALE THROUGH THE COURTS IS ALL THATS HAPPENING NOW COMMONS WILL CONTINUE TO TRADE AS IS. Not even close to a normal BK case lmao! WOW $SOUPQ