Generex will be liquidated. Probably zero chance
Post# of 36536
(Total Views: 418)
Posted On: 12/28/2022 5:52:04 PM
Generex will be liquidated. Probably zero chance of getting any money for our GNBT stock.
Per mhafner download. Thanks again mhafner!
MOTION TO AUTHORIZE TRUSTEE TO APPROVE OFFER OF SETTLEMENT
WITH THE SECURITIES AND EXCHANGE COMMISSION
Marc P. Barmat, Chapter 7 Trustee, by and through his undersigned counsel, moves the
Court to approve an Offer of Settlement between the Trustee and the Securities and Exchange
Commission. In support thereof, the Trustee states as follows:
1. Trustee is the duly appointed Chapter 7 Trustee in this case.
2. The Securities and Exchange Commission has proposed that the Trustee enter into
an Offer of Settlement with the Securities and Exchange Commission to revoke the securities
registration for the Debtor in accordance with the Settlement Agreement attached hereto as
Exhibit A.
3. The Trustee believes it is appropriate to revoke the securities registration because
this is a Chapter 7 case, there are not sufficient funds in the estate to adequately and properly
comply with the requirements of registration, and the Trustee does not believe there is any hope
of reorganizing Debtor by conversion to a Chapter 11 case.
4. The Trustee requests that the Court authorize Trustee to execute the Offer of
Settlement.
5. The Trustee believes that the United States Trustee will support the revocation of
the Debtor’s securities registration.
WHEREFORE, Marc P. Barmat, Chapter 7 Trustee, respectfully requests the entry of an
Order authorizing the Trustee to execute, and approving, the Offer of Settlement with the
Securities and Exchange Commission attached as Exhibit A, and for all other relief that is just
and proper.
Dated: December 28, 2022 Respectfully submitted,
By: /s/ Amanda Klopp
Amanda Klopp, Esq.
Florida Bar No. 124156
Email: amanda.klopp@akerman.com
AKERMAN LLP
777 South Flagler Drive, Suite 1100, West Tower
West Palm Beach, FL 33401
Tel: 561-653-5000
Fax: 561-659-6316
-and-
Eyal Berger, Esq.
Florida Bar No.: 011069
Email: eyal.berger@akerman.com
AKERMAN LLP
201 East Las Olas Boulevard, Suite 1800
Fort Lauderdale, FL 33301-2999
Tel: 954-463-2700
Fax: 954-463-2224
Counsel for the Trustee
Per mhafner download. Thanks again mhafner!
MOTION TO AUTHORIZE TRUSTEE TO APPROVE OFFER OF SETTLEMENT
WITH THE SECURITIES AND EXCHANGE COMMISSION
Marc P. Barmat, Chapter 7 Trustee, by and through his undersigned counsel, moves the
Court to approve an Offer of Settlement between the Trustee and the Securities and Exchange
Commission. In support thereof, the Trustee states as follows:
1. Trustee is the duly appointed Chapter 7 Trustee in this case.
2. The Securities and Exchange Commission has proposed that the Trustee enter into
an Offer of Settlement with the Securities and Exchange Commission to revoke the securities
registration for the Debtor in accordance with the Settlement Agreement attached hereto as
Exhibit A.
3. The Trustee believes it is appropriate to revoke the securities registration because
this is a Chapter 7 case, there are not sufficient funds in the estate to adequately and properly
comply with the requirements of registration, and the Trustee does not believe there is any hope
of reorganizing Debtor by conversion to a Chapter 11 case.
4. The Trustee requests that the Court authorize Trustee to execute the Offer of
Settlement.
5. The Trustee believes that the United States Trustee will support the revocation of
the Debtor’s securities registration.
WHEREFORE, Marc P. Barmat, Chapter 7 Trustee, respectfully requests the entry of an
Order authorizing the Trustee to execute, and approving, the Offer of Settlement with the
Securities and Exchange Commission attached as Exhibit A, and for all other relief that is just
and proper.
Dated: December 28, 2022 Respectfully submitted,
By: /s/ Amanda Klopp
Amanda Klopp, Esq.
Florida Bar No. 124156
Email: amanda.klopp@akerman.com
AKERMAN LLP
777 South Flagler Drive, Suite 1100, West Tower
West Palm Beach, FL 33401
Tel: 561-653-5000
Fax: 561-659-6316
-and-
Eyal Berger, Esq.
Florida Bar No.: 011069
Email: eyal.berger@akerman.com
AKERMAN LLP
201 East Las Olas Boulevard, Suite 1800
Fort Lauderdale, FL 33301-2999
Tel: 954-463-2700
Fax: 954-463-2224
Counsel for the Trustee
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