Posted On: 11/25/2014 1:41:20 PM
Post# of 43066
Chapter 11 reorganization is never off the table for a public company with no revenue and creditors who also control the company.
It is a perfect scenario to eliminate the dead weight of penny stock investors and legitimate IPO.
You always talk about uplisting so you do realize it could be immediate after such a reorganization ?
All they have to do is jettison the existing shareholders.
They shareholders that presently own and run the company ( who are also the only creditors) would be issued new company stock in lieu of debt upon IPO and uplisting.
I am surprised this avenue and tactic has eluded you.
It is a very common and legitimate business practice.
It is a perfect scenario to eliminate the dead weight of penny stock investors and legitimate IPO.
You always talk about uplisting so you do realize it could be immediate after such a reorganization ?
All they have to do is jettison the existing shareholders.
They shareholders that presently own and run the company ( who are also the only creditors) would be issued new company stock in lieu of debt upon IPO and uplisting.
I am surprised this avenue and tactic has eluded you.
It is a very common and legitimate business practice.
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