"ORDERED, that Ryniker Consultants, LLC be and hereby is appointed Receiver of all property, including without limitation all real, personal, and intangible property, including without limitation accounts, intellectual property, and legal claims and defenses (and any related privileges), belonging to Generex in title and equity, which includes, for the avoidance of doubt Generex’s interests in any entities, including any entities that are identified after the date hereof, and Generex’s interests, equity, shares of stock, and accounts receivable including those identified by Generex in response to the information subpoena served upon it (see Alter Declaration Exhibits D and E), which includes Generex’s shares in, and/or investment values due from, NuGenerex Diagnostics (HDS), Antigen Express (NGIO), Veneto Holdings, L.L.C., Olaregen Therapeutix, Inc., Regentys Corporation, MediSource, Pantheon, Generex Pharmaceuticals (Canada), and Generex Bermuda, as well as bank accounts held by Generex, NuGenerex Distribution Solutions, LLC, NuGenerex Distribution Solutions 2, LLC, GNBTELC, LLC, Rapport Services, LLC, NuGenerex Immuno-Oncology, Inc., NuGenerex Diagnostics LLC, NuGenerex Surgical Holdings, LLC, Olaregen Therapeutix, Inc., Regentys Corporation, NuGenHealth LLC, and NuGenerex Health, LLC, and the proceeds of any of the foregoing (excluding any property exempt from application to the satisfaction of money judgments under CPLR 5205 and 5206), all subject to all valid and perfected existing liens, claims, and encumbrances on the foregoing (collectively, the “Receivership Assets” and, together with the rights relating or appurtenant thereto, the “Receivership Estate”) for the purpose of liquidating the Receivership Assets to promptly satisfy creditors of Generex, and is authorized and directed to:”
Continues on page 5 https://storage.courtlistener.com/recap/gov.u....157.3.pdf
This is a Liquidation without the benefit of a Chapter 7 or Chapter 11 legal proceedings where the stockholders are duly notified.
https://www.investopedia.com/terms/l/liquidat...0are%20due.
I think we all agree that the value of all the assets listed above far exceeds the $6+ million owed to creditors. After the secured and unsecured creditors are paid, the stockholders would receive the remaining assets/value. But with this seemingly Ryniker Consultants Black Ops operation (since the stockholders have receive no official notification or Chapter 7/11 having been filed), there is nothing stopping Ryniker Consultants from pocketing the potential tens or hundreds of millions of dollars of the true Generex/NuGenerex asset value after the creditors are paid.
Bernie Madoff will be smiling in his grave.
Continues on page 5 https://storage.courtlistener.com/recap/gov.u....157.3.pdf
This is a Liquidation without the benefit of a Chapter 7 or Chapter 11 legal proceedings where the stockholders are duly notified.
https://www.investopedia.com/terms/l/liquidat...0are%20due.
I think we all agree that the value of all the assets listed above far exceeds the $6+ million owed to creditors. After the secured and unsecured creditors are paid, the stockholders would receive the remaining assets/value. But with this seemingly Ryniker Consultants Black Ops operation (since the stockholders have receive no official notification or Chapter 7/11 having been filed), there is nothing stopping Ryniker Consultants from pocketing the potential tens or hundreds of millions of dollars of the true Generex/NuGenerex asset value after the creditors are paid.
Bernie Madoff will be smiling in his grave.
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