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underdog150

08/03/20 1:37 PM

#106716 RE: Lucky77Dice #106715

Good, name the ones you know about that ran out of money, filed bankruptcy,
and were liquidated for pennies on the dollar? BIOAQ can't sell something it no longer owns and come back from the dead no matter how many useless snippets are posted here.
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I find a lot of start ups run huge deficits...secure a good product and negotiate huge contracts...then sell certain portions..sometimes all... to larger companies who want a ready to produce operation...and can capitalize on hundreds of millions in NOLS and all kinds of tax exemptions and grants from the government...These are not rare occurences...

trader59

08/03/20 1:49 PM

#106717 RE: Lucky77Dice #106715

That didn't answer the question and in fact avoided it. Why did a company worth $540M as is purported here that had only $100M of debt and other liabilities, a net worth of $440M, file for bankruptcy protection? How did the board, the courts, the monitor, the markets, and the 80 companies that were given opportunity to bid on this company miss that enormous value? How did this company get delisted from the exchanges at 15 cents per share and then, somehow, become worth nearly 30X's that after being liquidated of everything of value?

Could it be that they didn't miss a thing?