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Posted On: 02/01/2020 10:25:07 AM
Post# of 1514
Evidently the news out recently pertains to Twiss bankruptcy proceedings and not directly to BTGI.
A motion for relief from the automatic stay placed on Twiss's assets in bankruptcy is now in effect, which means the creditors who are suing Twiss can finally get some of their money back.
As soon as any type of bankruptcy is filed, an injunction called the automatic stay comes into place. That has been lifted. I do not think this directly effects BTGI. If it does, obviously it is not good news. Why someone threw away $360 dollars yesterday to raise the price of BTGI stock to .0002 I don't know. Maybe there is more than meets the eye here, who knows?
A motion for relief from the automatic stay placed on Twiss's assets in bankruptcy is now in effect, which means the creditors who are suing Twiss can finally get some of their money back.
As soon as any type of bankruptcy is filed, an injunction called the automatic stay comes into place. That has been lifted. I do not think this directly effects BTGI. If it does, obviously it is not good news. Why someone threw away $360 dollars yesterday to raise the price of BTGI stock to .0002 I don't know. Maybe there is more than meets the eye here, who knows?
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