It was “just a liquidation of the assets,” and that was the only thing the court proceedings say that it was. All the buyout stuff is pure hogwash, made up to flip stock. Nobody can really believe, after the monitor and courts have said several times no transaction involving the shares occurred, that a bankruptcy court would document a $4.34M payment and keep $540M a secret. That’s absurd. If there had been a transaction for the shares, it would have been very public (and why wouldn’t it have been, what benefit would there be not disclosing it?) with the required SEC filings, an offer extended for the shares, a shareholder vote, and then court approval, none of that happened. They couldn’t take or replace the shares for any amount of money without asking first, doesn’t matter how good a deal it is or that it would be unanimously accepted, so the nonsense about shares of LCYB or cold hard cash appearing in accounts doesn’t have a shred of truth to it. Not a single shred.
The Twitter “DD Fabrication Team” should have a lot to answer for, all of the buyout stuff was completely made up.
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