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Posted On: 04/28/2023 11:25:29 AM
Post# of 36541
Thanks mhafner for the download. https://investorshangout.com/post/view?id=6567706
Looks like there is/could be some value left with Generex. But the completion of the Bankruptcy is still a long way off.
Page 3 of 8
“Major Activities affecting case closing:
The following are the matters still pending in this estate:
Complete the avoidance litigation against Oasis;
Complete the financial discovery identifying all of the Debtor’s 90 day, 1 year, 2 year, and 4 years pre-petition transfers;
Complete investigation and potential prosecution of claims against Debtor’s professionals; and
Possible liquidation of Debtor’s remaining equity and business entity portfolio.
Claims: No claims have been reviewed at this time.
Initial Projected Date Of Final Report (TFR): 12/31/2028
Current Projected Date Of Final Report (TFR): 12/31/2028”
So my concern (besides still being alive then) is how our brokers will handle our stock that has no present value or tradability. The worst thing that can happen is the brokerage just does “house cleaning” and our shares are eliminated before the bankruptcy is concluded. We might have to be vigilant with our portfolio.
Looks like there is/could be some value left with Generex. But the completion of the Bankruptcy is still a long way off.
Page 3 of 8
“Major Activities affecting case closing:
The following are the matters still pending in this estate:
Complete the avoidance litigation against Oasis;
Complete the financial discovery identifying all of the Debtor’s 90 day, 1 year, 2 year, and 4 years pre-petition transfers;
Complete investigation and potential prosecution of claims against Debtor’s professionals; and
Possible liquidation of Debtor’s remaining equity and business entity portfolio.
Claims: No claims have been reviewed at this time.
Initial Projected Date Of Final Report (TFR): 12/31/2028
Current Projected Date Of Final Report (TFR): 12/31/2028”
So my concern (besides still being alive then) is how our brokers will handle our stock that has no present value or tradability. The worst thing that can happen is the brokerage just does “house cleaning” and our shares are eliminated before the bankruptcy is concluded. We might have to be vigilant with our portfolio.
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