Akorn Inc fka AKRXQ

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leonardo66 Free

10/25/20 7:19 PM

Post #1,615

Re: #1,600: @Tduggylolz - they had failed to meet FDA safety and

Thanks for the dd Tduggylolz!

Renee

10/02/20 11:28 AM

Post #1,614

AKRXQ: Bankruptcy PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

Ronin

09/21/20 10:11 AM

Post #1,613

Re: #1,612: @contrarian bull - It looks like some (bad) news hit today

AKRXQ stock is completely worthless. When Lenders take all the money, NONE is left for shareholders. Even Lenders don't get all the money owed to them, why would they give any to strangers who hold stock?

They don't!

Here's the reality...

https://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp

contrarian bull Free

09/11/20 2:03 PM

Post #1,612

Re: #1,611: @Long isle T - This is a weird play now don't

It looks like some (bad) news hit today based on the price action.

I keep wondering if there might be a penny or two per share left over for common shareholders after all is said and done.

Long isle T Free

09/08/20 4:50 PM

Post #1,611

This is a weird play now don't know from one day to the next if you're going to loose all you're shares and investment

Tduggylolz Free

09/08/20 8:07 AM

Post #1,610

Re: #1,609: @contrarian bull - Does today's price action suggest that someone in

i honestly feel people are gassin up a dead frog... but if they are dispersing the co to shareholders.. i think its left us with some confusing directions... they dont mention the sale is to premium shares only from what i can tell... but it also states there is no guarantee common shares wont be wiped out... actually as these guys point out.. it almost suggests that they will remove the common shares.. id definitely love more input..

contrarian bull Free

09/04/20 3:53 PM

Post #1,609

Re: #1,593: @timtxus - Don’t know, but it went down as

Does today's price action suggest that someone in the know knows that there will be more than a nickel a share left over from the bankruptcy to distribute to shareholders? Or is it just random speculation?

Don’t know, but it went down as low as 6 cents on its first day in OTC. But you are right, the missed revenue doesn’t change anything. IIRC, the stalking horse bid of a billion, should leave shareholders about 75 to 80 cents a share.

hondaboost Free

09/04/20 1:11 PM

Post #1,608

Re: #1,606: @Tduggylolz - honda, how do they protect current employees common

They Never care about the employees.

timtxus

09/04/20 12:59 PM

Post #1,607

Re: #1,606: @Tduggylolz - honda, how do they protect current employees common

A terrible way to motivate employees by wiping out their stocks.

Tduggylolz Free

09/04/20 12:20 PM

Post #1,606

Re: #1,604: @hondaboost - All Commons gets Cancelled as The Company states:

honda, how do they protect current employees common stock if they just gonna wipe it out on sale? they have quite a few facilities by me that are still full steam ahead despite all this

Tduggylolz Free

09/04/20 12:07 PM

Post #1,605

Re: #1,604: @hondaboost - All Commons gets Cancelled as The Company states:

good looking out, thanks

hondaboost Free

09/04/20 11:54 AM

Post #1,604

Re: #1,599: @Tduggylolz - https://akorn-forward.com/

All Commons gets Cancelled as The Company states: "What will happen to Akorn common stock?
While Akorn stock may continue to trade over-the-counter until the conclusion of the Akorn debtors’ Chapter 11 proceeding, we do not expect any recovery for holders of common stock in the Chapter 11 process and those equity interests will be canceled upon the conclusion of the Chapter 11 process."

https://akorn-forward.com/

No. 4.

hondaboost Free

09/04/20 11:51 AM

Post #1,603

AKRXQ is emerging from BK and All Commons will be Cancelled and Wiped out@!

Bigstud is here Free

09/04/20 3:24 AM

Post #1,602

Re: #1,578: @~ Blue ~ - AKRXQ~ .50+ >>>>>>

That would be something if that happen.

Tduggylolz Free

09/03/20 6:03 PM

Post #1,601

Re: #1,594: @sanderburwil - Blast off

yep

Tduggylolz Free

09/03/20 5:59 PM

Post #1,600

Re: #1,596: @leonardo66 - I'm new here . Is this thing falling

they had failed to meet FDA safety and regulation guidelines.. they had been basically sold to a German Pharmacy co, failed quite a few FDA examinations in a row .. at the worst timing possible.. lose the deal for a sale.... basically losing faith in both customer and investor at the same time... good bones, horribly ran... its over now.. being sold back to investors thats.... just a generalization - imo

Tduggylolz Free

09/03/20 2:17 AM

Post #1,599

Re: #1,598: @Tduggylolz - https://www.otcmarkets.com/stock/AKRXQ/security

https://akorn-forward.com/

Tduggylolz Free

09/03/20 2:13 AM

Post #1,598

https://www.otcmarkets.com/stock/AKRXQ/security

Tduggylolz Free

09/03/20 2:12 AM

Post #1,597

$AKRXQ who knows the news

leonardo66 Free

09/02/20 1:14 PM

Post #1,596

Re: #1,595: @Paullee - shareholders wiped out

I'm new here . Is this thing falling to trip's. Why the decline from last year. Thanks for your help.

Paullee

09/02/20 10:42 AM

Post #1,595

shareholders wiped out

sanderburwil Free

08/12/20 12:25 PM

Post #1,594

Blast off

timtxus

08/10/20 11:44 PM

Post #1,593

Re: #1,592: @contrarian bull - How does the larger than expected Q2 loss

contrarian bull Free

08/10/20 3:52 PM

Post #1,592

Re: #1,591: @timtxus - Keep an eye on this one. It’s

How does the larger than expected Q2 loss reported affect the future of Akorn? It's down today, but how far down should we expect it to go?

Keep an eye on this one. It’s slowly creeping up unnoticed without the media attention.

timtxus

08/01/20 10:54 AM

Post #1,591

Keep an eye on this one. It’s slowly creeping up unnoticed without the media attention.

Fezziwig2008 Free

07/23/20 10:39 AM

Post #1,590

AKRXQ getting close to Aug D day without Equity Committee - Not Approved

Fezziwig2008 Free

07/23/20 10:16 AM

Post #1,589

AKRXQ Equity Committee Approval

lojack

07/15/20 3:05 PM

Post #1,588

How is everyone doing today? Hope everyone is having a great week!
-AKRXQ-

fbsf32

07/11/20 1:26 PM

Post #1,587

https://reorgdocumentlibrary.broadridge.com/Client/Client?data=0720/E19968/009728106/c

starteam003 Free

07/02/20 11:52 AM

Post #1,586

Why we moving up ?

starteam003 Free

07/01/20 10:55 PM

Post #1,585

Re: #1,584: @Majic - Important dates coming up:

Did the document mention anything about our shares being cancel ? God I hope not...

Majic

07/01/20 4:25 PM

Post #1,584

Re: #1,583: @fbsf32 - BK NEWShttp://www.kccllc.net/akorn/info/10027..

Important dates coming up:

"... if the Debtors receive qualified competing bids within the requirements and time frame specified by the Bidding Procedures, the Debtors will conduct an auction (the “Auction”) of the Assets on August 10, 2020 ..."

"... the Debtors will seek approval of the Sale at a hearing scheduled to commence on or before August 20, 2020, ..."

fbsf32

07/01/20 12:03 PM

Post #1,583

Re: #1,581: @starteam003 - Does anyone have any news regarding BK proceedings

BK NEWShttp://www.kccllc.net/akorn/info/10027..

jablome

07/01/20 10:50 AM

Post #1,582

had this crazy dream went to check the options play and the stock price was at "20 bucks" i was so confused cause i had '50 cent calls'

starteam003 Free

06/26/20 1:51 PM

Post #1,581

Does anyone have any news regarding BK proceedings yesterday ? .. I think it’s good judging from today’s action..

fbsf32

06/23/20 10:21 AM

Post #1,580

News out and we drop ??Akorn Animal Health Announces Launch of Neomycin and Polymyxin B Sulfates, and Bacitracin Zinc Ophthalmic Ointment

starteam003 Free

06/22/20 10:08 AM

Post #1,579

Re: #1,577: @Pennyprof - Here's a hint: yes and no.

It seems we’re holding steady at .30.. maybe I’m wrong

~ Blue ~

06/22/20 8:43 AM

Post #1,578

AKRXQ~ .50+ >>>>>>

Pennyprof

06/21/20 3:01 PM

Post #1,577

Re: #1,576: @starteam003 - Did news leaked ? just daytraders?

Here's a hint: yes and no.

starteam003 Free

06/20/20 10:25 AM

Post #1,576

Did news leaked ? just daytraders?

TrendTrade2016 PremiumMember

06/20/20 6:03 AM

Post #1,575

it was so easy to see....
TrendTrade2016 Saturday, 04/18/20 07:15:39 AM
Re: None 0
Post #
1009
of 1574
should see a BK here soon!! institutions dumping big time...

~ Blue ~

06/19/20 11:08 PM

Post #1,574

Re: #1,573: @starteam003 - Can someone explain to me why we up

since under 1o cents you asks the same question! you should find by yourselves .. it is undervalued lol:)

starteam003 Free

06/19/20 5:27 PM

Post #1,573

Can someone explain to me why we up over 65% today ? news leaked ?

Majic

06/19/20 5:21 PM

Post #1,572

Entry into a Material Definitive Agreement.

On June 17, 2020, Akorn, Inc. (the “Company”) entered into a Share Purchase Agreement (the “SPA”) by and among the Company, WorldAkorn Pharma Mauritius (together with the Company, the “Sellers”), Akorn India Private Limited (“Akorn India”) and Biological E. Limited (the “Purchaser”). Pursuant to the SPA, the Sellers have agreed to sell to the Purchaser 100% of the share capital of Akorn India for $10 million in cash, subject to withholding taxes, if any, and adjustment for certain net working capital items, as specified in the SPA. Akorn India owns a manufacturing plant in Paonta Sahib, Himachal Pradesh. The sale of the Company’s equity interests in Akorn India is subject to the approval of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

The Purchaser’s obligation to consummate the purchase is subject to the fulfilment of certain conditions precedent by the Sellers and Akorn India, including the Company obtaining an approval order from the Bankruptcy Court.

[ . . . ]

https://www.sec.gov/ix?doc=/Archives/edgar/data/3116/000110465920074460/tm2022873d1_8k.htm

davidsson10 Free

06/19/20 5:03 PM

Post #1,571

Re: #1,570: @contrarian bull - Thanks - that helps a lot!

You're welcome.

contrarian bull Free

06/19/20 4:55 PM

Post #1,570

Re: #1,568: @davidsson10 - It should have been obvious: https://www.sec.gov/ix?doc=/Archives/edgar/

Thanks - that helps a lot!

My cr@ppy broker (Schwab) doesn't often give news on lightly traded stocks like this so I had not seen that yet.

If I'm reading this right Akorn sold a piece of the company located in India for $10 million. I'm not sure if the market was happy about how this increases their cash flow, or thinking it adds $10 million to their value. This amount is only 7.5 cents per share, so I'm betting it's just a sign of maybe more good news to come?

Given the lack of news on this company we can just wait and see...

It should have been obvious: https://www.sec.gov/ix?doc=/Archives/edgar/data/3116/000110465920074460/tm2022873d1_8k.htm

starteam003 Free

06/19/20 4:46 PM

Post #1,569

Did news leaked out ?

davidsson10 Free

06/19/20 4:32 PM

Post #1,568

Re: #1,566: @contrarian bull - I'm surprised nobody on this board knows why

It should have been obvious: https://www.sec.gov/ix?doc=/Archives/edgar/data/3116/000110465920074460/tm2022873d1_8k.htm

contrarian bull Free

06/19/20 4:27 PM

Post #1,567

Re: #1,565: @starteam003 - fellas. What went down today ? good news

fellas. What went down today ? good news leaked out? just daytraders? What’s going on ?

Robinhood? The way this crept up with a slow acceleration over a few days makes me think it might just be day traders. That would explain the quick drop at the close too.

contrarian bull Free

06/19/20 4:23 PM

Post #1,566

Re: #1,561: @investisseur101 - thanks for the run bought 0.1908 sold 0.30-0.37

I'm surprised nobody on this board knows why this stock went up. Usually someone in the know lurks on these boards.

I actually cancelled my sell for $.20 this morning pre-market due to last night's research making me believe the real value of this company is closer to two to three bucks. I did recently buy a bunch at $.08 that I'll probably sell some of at $.54 on Monday if it gets there - since that's my break-even price. Yeah some of my shares I paid $3.56 for. Oops.

thanks for the run bought 0.1908 sold 0.30-0.37

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Akorn Inc fka AKRXQ

Followers	30	Posters	158
Posts (Today)	0	Posts (Total)	1615
Created	03/30/09	Type	Free
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Akorn Inc fka AKRXQ

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