The day they filed for chapter 7 all insiders are gone in the eyes of the sec . Free to sell shares at will to whomever is dumb enough to buy them . As you can plainly see all those shares are soup this is soupq aka soup liquidation LLC.
Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.
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