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Real McCoy

02/19/21 6:39 AM

#112144 RE: iron-eagle #112141

No. Just no. Stop torturing these people.

This is the Fifth Report.

In the 6th report the Asset Purchase Agreement was set forth. Assets - in Par 3 below. Not Par 4. There was no recapitalisation.

Later- the 10th Report was released, which could be summarized as "Whatever you do, don't believe there was a recapitalization".

Then, the buyer's lawyer wrote a letter that could be summarized as "whatever you do, don't believe there was a recapitalization."

Why do you keep mentioning the possibility of a recapitalization? Why do you keep referring to earlier Monitors reports that are completely, utterly, HOPELESSLY clarified by subsequent monitors reports???

Why do you make any mention of a transaction that has 2 steps more than 2 years apart? How could anyone possibly believe that could happen??
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Brucebannerr

02/19/21 7:37 AM

#112145 RE: iron-eagle #112141

As we wrap up another week of worthless shares . What is your desire spin on that ? It is years after that upfront payment.
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Lucky77Dice

02/19/21 1:09 PM

#112162 RE: iron-eagle #112141

Absolutely correct...sir ! That pretty much settles this....End of puzzle...
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trader59

02/19/21 4:21 PM

#112167 RE: iron-eagle #112141

A recapitalization was an option should a buyer want to purchase the company as a going concern. In a recapitalization, the buyer would cancel the old stock and sell new stock into the market to raise money. That option was not utilized, as every bidder, including the winning bidder, only wanted the assets of the company, leaving a dead, empty shell.
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Psychodman

02/21/21 6:55 PM

#112261 RE: iron-eagle #112141

Looks like we are all still here! No roles have changed. Been a great year so far in 2021, things are happening way faster in the markets now. Bioamber strong