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Posted On: 03/03/2023 4:52:34 PM
Post# of 36541
Looks like the Trustee withdrew the "bank records" subpoena (Wells Fargo only) and "Creditors" (Bird) therefore withdrew the motion to quash...
Also, looks like the sale of NGIO (NUGX) and Olaregen to Youfeng is now official.
I guess there is still a small chance that we might get a small part of the $3,350,000 sale price...
Case 22-13166-PDR Doc 154 Filed 03/03/23 - NOTICE OF WITHDRAWAL OF DOCUMENTS
Marc P. Barmat, Chapter 7 Trustee, hereby withdraws the Notice of Intent to Serve Subpoena [ECF No. 137], solely as it relates to Wells Fargo Bank, NA.
Respectfully submitted this March 2, 2023.
Case 22-13166-PDR Doc 155 Filed 03/03/23 - NOTICE OF WITHDRAWAL OF DOCUMENTS
Avem Medical, L.L.C., f/k/a MediSource Partners, LLC, Pantheon Medical – Foot & Ankle, LLC and Travis Bird (“Creditors”) withdraw their Emergency Joint Motion for Order Quashing Trustee’s Subpoena or, in the Alternative, for a Protective Order Arising From Trustee’s Issuance and Service of Subpoena for Document Production Under Rule 2004 [Doc 150] and Ex Parte Motion to Appear Remotely [Doc 153].
Case 22-13166-PDR Doc 156 Filed 03/03/23 - TRUSTEE’S REPORT OF SALE
The Trustee, MARC P. BARMAT, files this Trustee’s Report of Sale, and states as follows:
1. On January 30, 2023, the Trustee held an auction of the Trustee’s right, title and interest in Antigen Express, Inc. d/b/a NuGenerex Immuno-Oncology, Inc. and Olaregen Therapeutix, Inc. There were two bidders present, Beijing Youfeng Biological Technology Co., Ltd and Bio & Med Tech of the Future SPV2, LP. The highest bid came in at $3,350,000.00 from Beijing Youfeng Biological Technology Co., Ltd.
2. On February 7, 2023, the Court entered an Order Approving the Sale of Equity to Beijing Youfeng Biological Technology Co., Ltd [ECF No. 135] for $3,350,000.00.
3. On November 17, 2022, the Court entered an Order [ECF NO. 69] authorizing the return of any escrow deposits by unsuccessful bidders. The unsuccessful bidder, Bio & Med Tech of the Future SPV2, LP, deposited with the Trustee, $150,000.00. The Trustee is returning the escrow deposit stated above.
4. Pursuant to Court Order entered February 7, 2023, [ECF NO. 135], the Trustee paid the stalking horse bidder, Bio & Med Tech of the Future SPV2, LP, a breakup fee in the amount of $50,000.00 from the sale proceeds received. The funds were issued to the trust account of their attorney, Michael D. Lessne, Esq.
Also, looks like the sale of NGIO (NUGX) and Olaregen to Youfeng is now official.
I guess there is still a small chance that we might get a small part of the $3,350,000 sale price...
Case 22-13166-PDR Doc 154 Filed 03/03/23 - NOTICE OF WITHDRAWAL OF DOCUMENTS
Marc P. Barmat, Chapter 7 Trustee, hereby withdraws the Notice of Intent to Serve Subpoena [ECF No. 137], solely as it relates to Wells Fargo Bank, NA.
Respectfully submitted this March 2, 2023.
Case 22-13166-PDR Doc 155 Filed 03/03/23 - NOTICE OF WITHDRAWAL OF DOCUMENTS
Avem Medical, L.L.C., f/k/a MediSource Partners, LLC, Pantheon Medical – Foot & Ankle, LLC and Travis Bird (“Creditors”) withdraw their Emergency Joint Motion for Order Quashing Trustee’s Subpoena or, in the Alternative, for a Protective Order Arising From Trustee’s Issuance and Service of Subpoena for Document Production Under Rule 2004 [Doc 150] and Ex Parte Motion to Appear Remotely [Doc 153].
Case 22-13166-PDR Doc 156 Filed 03/03/23 - TRUSTEE’S REPORT OF SALE
The Trustee, MARC P. BARMAT, files this Trustee’s Report of Sale, and states as follows:
1. On January 30, 2023, the Trustee held an auction of the Trustee’s right, title and interest in Antigen Express, Inc. d/b/a NuGenerex Immuno-Oncology, Inc. and Olaregen Therapeutix, Inc. There were two bidders present, Beijing Youfeng Biological Technology Co., Ltd and Bio & Med Tech of the Future SPV2, LP. The highest bid came in at $3,350,000.00 from Beijing Youfeng Biological Technology Co., Ltd.
2. On February 7, 2023, the Court entered an Order Approving the Sale of Equity to Beijing Youfeng Biological Technology Co., Ltd [ECF No. 135] for $3,350,000.00.
3. On November 17, 2022, the Court entered an Order [ECF NO. 69] authorizing the return of any escrow deposits by unsuccessful bidders. The unsuccessful bidder, Bio & Med Tech of the Future SPV2, LP, deposited with the Trustee, $150,000.00. The Trustee is returning the escrow deposit stated above.
4. Pursuant to Court Order entered February 7, 2023, [ECF NO. 135], the Trustee paid the stalking horse bidder, Bio & Med Tech of the Future SPV2, LP, a breakup fee in the amount of $50,000.00 from the sale proceeds received. The funds were issued to the trust account of their attorney, Michael D. Lessne, Esq.
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