InvestorsHub Logo

chemist72

09/20/20 1:09 PM

#1169 RE: zeusman93 #1168

Imho, the end result for DESTQ common shareholders depends almost entirely on whether or not Marquee wants to keep DESTQ's current tax assets (i.e. DESTQ's NOL's) viable.

IF that is the case, then several other things should follow. First and foremost, current DESTQ stakeholders (which includes common shareholders) must retain at least 50% ownership in any reorganized entity.

Second, for bookkeeping interests, FINRA will cancel DESTQ shares.

Third, Marquee will likely receive common shares in a newly reorganized entity but not more than 50% when combined with current DESTQ shareholders.

Fourth, Marquee/DESTQ should then request a new ticker symbol (and probably a new name as well) for the newly reorganized entity. DESTQ shares will then be replaced by shares in the newly reorganized company. This important step should be spelled out in a POR.

Fifth, Marquee should then submit paperwork for their new stock to be traded on either the OTC marketplace (OTCM) or possibly the NASDAQ or NYSE stock exchange (OTCM is not a stock exchange by definition of the SEC).

Until step 5 is completed, DESTQ (or its new symbol if cancelled) will only be able to trade on the "grey market", which is a whole other story.

It is impossible to predict a price for DESTQ shares during each stage of this process. However, if Marquee does decide to try and keep DESTQ's tax assets intact, my guess is that DESTQ share price will eventually be MUCH HIGHER than its current level.

What will the POR tell shareholders? That is the great mystery that we will just have to wait for. That is also the reason for the current low share price of DESTQ imho. Nobody really knows what Marquee's plans are regarding DESTQ's NOLs and how they might try to utilize them (i.e. to reduce their corporate income taxes). In fact, if Marquee becomes worried that corporate tax rates may increase, say under a new administration, then DESTQ's NOLs will become even more valuable than they are now.

Obviously, there is lots that can be speculated about, but for now, I hope this gives you a better idea of what might happen regarding DESTQ share holders. If DESTQ becomes part of a multi-billion dollar company, its pretty obvious that shares of that company (whatever their stock symbol) will be much more valuable than current DESTQ shares.

It really ALL depends on Marquee's objectives and goals.

Value_Investor

09/21/20 2:19 PM

#1176 RE: zeusman93 #1168

Most likely DESTQ will emerge from current CH11-REORGANIZATION process with all the common shares intact as its much smaller business scale retail peer (CBKC) did before!

In the worst situation DESTQ will become a CLEAN shell (like ALLMQ and OEDVQ etc. CH11 peers) with the FIXED Sought-After Super Tiny SS after the court dismisses or closes its case! There is no way the company would cancel DESTQ based on the document they filed with the SEC --- see the link below.

No assurance can be given that, as of the result of the Bankruptcy Petitions, the Company’s equity securities, including common stock and options, will not be cancelled and extinguished without any monetary recovery to the holders thereof.



https://www.otcmarkets.com/filing/html?id=13699199&guid=vUt6UFgu3GXq43h

Therefore even in the worst case DESTQ will be worthy $1M or $0.0703 a share v.s. it is trading at ridiculous low $0.018 now!

To match the Same MV with its CH11 peer (ALLMQ), DESTQ will hit a Multi-Year's New high $1.28 v.s. at Giant discount price $0.018 now!

To match the Same Market Value with its CH11 peer (FTRCQ) at $0.248, DESTQ will create a Multi-Year's New high $1.54 v.s. at Giant discount price $0.018 now!

To match the Same Market Value with its CH7-Retail peer (SHLDQ) at $0.46, DESTQ will create a Multi-Year's New high $3.54 v.s. at Giant discount price $0.018 now!

So DESTQ is much much much cheaper than ALLMQ, FTRCQ, and SHLDQ!

https://www.businesswire.com/news/home/20200518005651/en/Marquee-Brands-Takes-Operations-BCBGMAXAZRIA-BCBGeneration-Innovate