Replies to post #46261 on PTA Holdings, Inc (PTAH)

[DojiMan]

Maybe not. Probably will though. But why isn't it trading like all the other custodian plays with the anticipation of it being approved? Just weird is all.

[maximumgriff]

I highly doubt that as the shell ownership has not responded to the court. Without a response or a rebuttal the judge almost 99.9% of the time will award custodianship to the requesting party.

[stockstalk09]

Maybe some no balls OTC trader who bought much lower decided to start selling so he could start a sell off by getting scared little tards to small out, and he could buy back in cheaper.

[maximumgriff]

“The interested party can file a petition with the local court requesting that the court approve a motion to let the interested party (or an individual of their choosing) take over control of the abandoned shell “in the best interest of the shareholders“. The only real concerns the court will have is that there is no objections to the motion and that the custodian has a clean background. The petitioner has to prove to the court that they have made a legitimate effort to contact the former control people and they have to convince the court that the custodian is a respectable choice with a clean background that will act in the best interest of the existing shareholders. That usually isn’t hard to do so most custodianship petitions will be granted by the court. The only exception is usually when the old control people do show back up to object or if the petitioner voluntarily dismisses the petition (this may happen if the SEC suspends the Issuer during the proceedings or initiates an administrative order to revoke trading in the Issuer during the proceedings).”