Good afternoon Ip. Read your post but have to disagree this time. The SEC has nothing to do with a private company. If soup had gone private after the purchase everything would have ended on 9/12 when Karson said he sold eveything and wasn't the man anymore and WC was, all in the form of an 8k.
The ticker didn't hault because the very next day WC claimed undisputed ownership of the public company in the form of a 13d. That 13d would not or could not even exist if WC had taken Soupman private. Remember, WC owns tons of shares and according to the SEC they are the owners and reporting entity of a very public SOUP. There is no "saving the commons" because according to the 13d, asset purchase agreement, and the first paragraph of the chapter 7 conversion, WC did indeed get the ticker too. We are just waiting on the NDA agreement to be nullified.
Let's nip the latest 8k attack in the bud before it happens. I'm speaking of the one the old crew thought they had to throw out there to stir the pot. The reason it didn't make the cut is because according to the 13d they weren't the reporting entity anymore. Bummer. Thats why it's not posted with the SEC news and instead is with the meaningless section of news right above the fairways rubbish that doesn't even pertain to this ticker. That's how relevant that 8k is.
Now let's take care of the but but but chapter 7 and debt ridden shell bla bla bla mumbo jumbo broken record stuff. It's simple enough. The first and the only real paragraph talks about the fact that WC paid off all the company debt which brought it out of chapter 11 and bought everything. The next sentences, basically say hey, we sold everything but in the deal we were such jerks about it that WC wouldn't pay the lawyer we hired to screw them. Problem is, were broke and can't pay him either. Since WC owns Soupman Inc, and they aren't bankrupt anymore can we come up with a different name and convert this petition to a chapter 7 and get this lawyer off you back and get on out of the picture because joined paying us to be here anymore and it's holding up the show. Judge said ok since it didn't affect the original petitioners of chapter 11. In other words if it was soupman Inc. the public company going through chapter 7 liquidation it would say just that with no need of a name change. Instead, it's a couple of leftover cooperate employees that named their selves soup liquidation LLC in order to file chapter 7 and get themselves out of an empty office. It just may satisfy the NDA though. Go soupq and have a real nice day.