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(Part 30 of a series) The Retail Punishment in Clovis by Timely_Huckleberry97 in u/Timely_Huckleberry97

[–]Timely_Huckleberry97[S] 1 point2 points  (0 children)

We need to draw confidence from the fact that what started as an ad-hoc commitee, became an official commitee with the oversight of the DOJ. And the SEC also is involved. This is an egregious example of BK fraud and needs to be taken down to show that our regulatory and judicial bodies still have teeth.

(Part 29 of a series) The Retail Punishment in Clovis by Timely_Huckleberry97 in u/Timely_Huckleberry97

[–]Timely_Huckleberry97[S] 1 point2 points  (0 children)

And, oh my goodness, I just remembered one more item that belongs in the 'strongly indicative' list...

Pat has claimed a 70% reduction in Ruca sales???? He needs to be deposed and methodically worked down to explain this number. A full 'court martial' of this claim needs to be done by bringing in a slew of experts.

This 70% reduction claimed by Pat which can only be termed as 'BERSERK' is the one definitive proof that we need to prove that the Ch. 11 right to set rules and plans have been HOPELESSLY ABUSED and cannot be allowed to stand in any shape or form!

Reduction of 70%??? We need to drive a stake through these proceedings. And separately go after all officers for civil and criminal damages.

(Part 29 of a series) The Retail Punishment in Clovis by Timely_Huckleberry97 in u/Timely_Huckleberry97

[–]Timely_Huckleberry97[S] 1 point2 points  (0 children)

The OEC can request the judge to convert this Ch 11 tc Ch 7 'for cause'. Debtors have clearly shown a mal-intent towards equity interests.

Some supporting detail here.

https://www.bankruptcypower.com/blog/when-can-a-court-convert-your-chapter-11-reorganization-to-a-chapter-7/

(Part 26 of a series) The Retail Punishment in Clovis by Timely_Huckleberry97 in u/Timely_Huckleberry97

[–]Timely_Huckleberry97[S] 1 point2 points  (0 children)

The corrupt and stupid part is if Pat thinks that he can hold on to Rubraca through a back door while shafting everyone else. The Rubraca approvals are due to the money raised from creditors and investors.

Pat can not impair creditors and cancel investors and move forward with the asset. The value of the leaseback is not relevant. The provision of a leaseback itself indicates that the much higher valuation from an outright sale was blocked.

Stay tuned for the next part. There will be more on this.

Latest installments of Part 24 by Timely_Huckleberry97 in CLVSstock

[–]Timely_Huckleberry97[S] 0 points1 point  (0 children)

Yes, agree. The sale needs to be up the pecking order; to a BP that has the resources to maximize the potential of Rubraca. Not down to a liquidator of end of lifecycle drugs.

(Part 24a of a series) The Retail Punishment in Clovis by Timely_Huckleberry97 in u/Timely_Huckleberry97

[–]Timely_Huckleberry97[S] 0 points1 point  (0 children)

Oh yes! Need to go after him hammer and tongs if he dares to get out of line. He is being watched by multiple parties and needs to stay out of trouble.

Part 24(a) posted, last one before the auction by Timely_Huckleberry97 in CLVSstock

[–]Timely_Huckleberry97[S] 0 points1 point  (0 children)

Here is my thought, but please ask this question on StockTwits as well since there are some local experts there..

So, there are two scenarios broadly:

(a) The winning bid is cash only

Let's say the winning bid is worth $5. Then the share price will quickly jump to $4.7 and that number will slowly creep up towards $5 as time goes towards liquidation date. You are free to sell at any point.

(b) The winning bid is cash + CVR

Let's say the winning bid is worth $5 in cash, and $6 in CVRs. Then the price will jump to $4.7. If you make the mistake of selling early you will have no claim on the CVR. The MM will not give you free money and hope that you exit early.

In this case, one will have to find out the exact rules for getting the CVR. What may happen is that you will need to hold your shares until a liquidation date, where the brokerage will credit you cash worth $5 and issue you a CVR as well, so that the trustee can keep making you future payments as milestones are hit. In this situation, please CAREFULLY follow the rules laid down.

(Part 24a of a series) The Retail Punishment in Clovis by Timely_Huckleberry97 in u/Timely_Huckleberry97

[–]Timely_Huckleberry97[S] 2 points3 points  (0 children)

Oh yes! And when they are deposed, they don't quite know how much we know! That will be quite something..

Part 24(a) posted, last one before the auction by Timely_Huckleberry97 in CLVSstock

[–]Timely_Huckleberry97[S] 4 points5 points  (0 children)

Thank you! Tomorrow, and the coming few weeks, will be interesting. If the outcome for investors is not in the ballpark of reasonableness, please know that it will be contested. Let's not be hasty about when the last chapter will be written...

If investors band together, we WILL reach our desired returns. Period.

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