Replies to post #2741 on Asyst Technologies, Inc. (fka ASYTQ)

[Sharktnk]

It's unclear why, all of a sudden, MM's are not involved with it any more ...

Plan of Bankruptcy Effective

This is nothing that could be more clearer about it. And pray tell how is it that Market Markers are supposed to be involved with a stock that has been CANCELLED?

ZTrade: Welcome to ZTrade online chat, how may I help you today?

Fish: Yes, I peddle a stock that is in bankruptcy under the ticker ASYTQ. I understand that it has now been cancelled?

ZTrade: That is correct, what can we do for you?

Fish: Why, all of a sudden, are you not making a market for it?

ZTrade: The shares have been cancelled sir, that would be an impossibilty. The plan of banruptcy is now effective and the sysmbol has been deleted from the OTC lisitngs.

Fish: Right, but why, all of a sudden, are you not involved with it?

ZTrade: "Involved" with it?

Fish: Do I stutter?

ZTrade: I understand, please give me a minute to provide you with some clarification.

Fish: Thank you

ZTrade: Apologize for the wait, I was unable to locate a specific corporate statement or reference to your inquiry but can provide you with the following:

can·cel /'kæns?l/ Show Spelled [kan-suhl] Show IPA verb, -celed, -cel·ing or ( especially British ) -celled, -cel·ling, noun
verb (used with object)

1. to make void; revoke; annul: to cancel a reservation.
2. to decide or announce that a planned event will not take place; call off: to cancel a meeting.
3. to mark or perforate (a postage stamp, admission ticket, etc.) so as to render invalid for reuse.
4. to neutralize; counterbalance; compensate for: His sincere apology canceled his sarcastic remark.
5. Accounting .
a. to close (an account) by crediting or paying all outstanding charges: He plans to cancel his account at the department store.
b. to eliminate or offset (a debit, credit, etc.) with an entry for an equal amount on the opposite side of a ledger, as when a payment is received on a debt.

Fish: Is that supposed to be funny?

ZTrade: No sir, it waas provided for your clarity.

Fish: It doesn't answer my question.

ZTrade: Perhaps an analogy will help. If you have two oranges and I take away one, how many are left?

Fish: Two.

ZTrade: Two?

Fish: Do I stutter?

Fish: The one that is left and the one you took away, two.

ZTrade: I see ... Let's try something different. You arrive at a car dealership looking to purchase, lets say a Chevy Mustang. The dealer informs you that Mustangs are made by Ford. What would be your response?

Fish: Right, but why, all of a sudden, are you not involved with it?

ZTrade: The car?

Fish: What car?

ZTrade: At the dealership, it's an analogy.

Fish: Look, I don't have time for all this psychological mumbo jumbo. Just because Chevy isn't smart enough to build a Mustang doesn't mean that I cannot demand one.

ZTrade: Is there anything else I can help you with?

Fish: When will you begin making a market for this stock again?

ZTrade: 3724

Fish: What?

ZTrade: Do I stutter?

Fish: What the h%ll is that supposed to mean, 3724?

ZTrade: The year.

Fish: The year 3724? I won't even be around then.

ZTrade: Yes, but Chevy will have a Mustang.

Fish: How do you know that?

ZTrade: Magic 8 ball

Fish: Nice try, but Magic 8 balls don't give that kind of information.

ZTrade: Mine does. It just told me that it is also a flying car made from a new alloy that renders it invisible.

Fish: Will it be a publically traded company?

ZTrade: Yes!

Fish: That is fantastic, does it also tell you what the ticker will be?

ZTrade: ASYTQ

Fish: Awesome! Wait a minute, with the "Q"?

ZTrade: They went into bankruptcy after absoring the assests from Ford.

Fish: Still, this is just fantastic news! Sorry for being so arrogant earlier, you have been a great help.

ZTrade: My pleasure.

IMPORTANT:
> Finra also said that the only way the symbol could once again
(for whatever reason), get back to an Active status, is if a
Form 211 is filed, by either the company, or some other entity, to re-instate it.

Obviously, shareholders are not able to trade the stock.

Shareholders can take the loss, for tax purposes.

My curiousity at this point in time, is that if a "Liquidation Dividend", as I have discussed in a previous post, is enacted, it would seem that a shareholder would have to still "have/own" their shares, meaning that if they were to take a tax loss, they would not be entitled to also recieve any distribution of any given "Liquidation Dividend" should it be given to shareholders.

That is complete and utter BS! So rather than apologize for misleading people all this time now we are going to attempt yet another fantasy?

There will be no "Liquidation Dividend", just as there was no "Reverse Merger".

[trader53]

Big Rumor on ASYTQ !!!!

RUMOR has it that ASYTQ may get relisted !!! >


ASYTQ canceled all its outstanding common stock, and the shares were deleted on September 29th by Finra, however, the RUMOR is that ASYTQ might authorize the issuance of shares of a reorganized Corporation of common stock for distribution to holders of unsecured claims.

In addition, they may issue warrants (i.e., securities) to purchase shares of the reorganized ASYTQ Corporation common stock to the holders of the canceled (i.e., previously outstanding)common stock.



The warrants may be issued pro rata (i.e., on a proportionate basis) reflecting the number of shares of “old common stock” held at the time of cancellation.

These warrants may carry an exercise price per share.


Finra has said, that the only way a deleted stock could get relisted, would be if a Form 211 was filed.

If this rumor is true, and has any merit to it at all, I would expect that this form would be filed, and that there would be some kind of notification sent out.

Very interesting, to say the least !!!