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Generex Biotechnology Corp GNBT
(Total Views: 504)
Posted On: 08/13/2022 10:58:54 AM
Post# of 36563
Posted By: Assiduous
My guess is that there will be no new information until September, unless there is another extension on the fact data gathering.

07/20/2022 38 Order Granting Motion to Extend Time to File Required Documents and Schedules. Deadline:8/23/2022 (Re: # [35]) (Grooms, Desiree)
https://www.bkalerts.com/recent-bankruptcy-ca...ology-corp

Then if a docket description hints that it includes the asset value of Generex, it might be worth spending the money to get the document(s) so we know what our investment is worth according to the Bankruptcy Court. The trouble is that any “asset” is only worth what someone is willing to pay for it. Think Antiques Roadshow https://www.pbs.org/wgbh/roadshow/ where an item is appraised at one value and then years later the exact same item is appraised at something different. So, what the Court thinks Generex is worth could be very different than what we believe it is worth.

Other than just reading the dockets, the only recourse, I can think of, that we stockholders have in the Chapter 7 proceedings is to keep our collective eyes (hundreds or thousands) firmly fixed on every legal move that the Generex Trustee(s?) Marc P Barmat, Eyal Berger make.

https://www.bestlawyers.com/lawyers/eyal-berger/167358
https://furrcohen.com/attorneys/marc-p-barmat-trustee/
https://www.bkalerts.com/recent-bankruptcy-ca...ology-corp

If something would appear amiss, then we might have a recourse to fix it.

Chapter 7 Bankruptcy Trustee
Can Bankruptcy Trustees Be Held Liable for Violations?
"Additionally, a trustee may be held in violation if they commit bankruptcy fraud, abuse their position, and/or have made an egregious error in managing a Chapter 7 bankruptcy case."

https://www.legalmatch.com/law-library/articl...en%20funds.













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