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Real McCoy

10/05/24 10:14 AM

#147264 RE: User-656209 #147263

No one is saying there isn’t opportunity in Q stocks, often times on the down side, but anyone who thinks liquidations are potentially reversed 6+ years later does NOT have the knowledge and acumen to successfully invest in more complicated stocks like those in a restructuring like a liquidation.
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toncatmad

10/05/24 3:08 PM

#147270 RE: User-656209 #147263

Correct there is money to be made in a Q stock. The catch here was you needed to get out before the trading stopped.
This was a liquidation of assets that ended with only a fraction of the total liabilities received and that total was $4.34 mil vs. $100 plus mil of debt. All the assets sold leaving Zero chance of recovery for creditors and equity holders.
This Q stock was always going to stop trading when the monitor was discharged due to the liquidations outcome.
It was a known FACT from the day the liquidation was approved.
So you would have had to sell before the trading stopped Forever.
At this point there is no longer any opportunity at all to make money here at FKA BioAmber. Anyone who is still holding the worthless shares is out of luck. The ones who really got hammered were the two 5% holders. They bought up to the end and lost their entire investment just like everyone else still holding when FINRA ended trading for good.
Believe whatever you want but the facts will never change. It’s almost 5 years from the monitors discharge and the last day of trading. Nothing will change when 5 years is up nor will it ever change.