Two 100% losers from my portfolio.
$BXRXQ (Baudax Bio) shareholders are marginally more likely to recover some of their investment compared to $AVCTQ shareholders due to the more recent bankruptcy filing (February 2024 vs. January 2023), which may allow for an ongoing reorganization process, and the potential value of Baudax Bio’s pharmaceutical pipeline (e.g., TI-168, BX1000). However, recovery prospects for both are extremely low, as common shareholders in Chapter 11 bankruptcies typically receive little to no distribution. Any recovery for BXRXQ or AVCTQ shareholders would likely be minimal (e.g., cents on the dollar) and depend on rare circumstances, such as a successful reorganization or unexpected asset sale surplus. Investors should approach both stocks with caution, as their OTC trading status reflects high risk and speculative value.
$BXRXQ Justice served.
What does this mean for Baudax Bio, where Dale B. Chappell and his investment vehicle Black Horse Capital were also involved? Will the money he stole be returned from Malta? Will CEO Geraldine Henwood, the BoD and everyone else from Baudax Bio be investigated for possible involvement in the scheme?
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26206
"The SEC’s investigation was conducted by W. Bradley Ney, Daniel Ball, George B. Parizek, Kevin Wu, and Zachary Scrima under the supervision of Melissa Robertson and Pei Y. Chung. The litigation is being handled by Anna Area, Daniel Lloyd, and Daniel Ball, and supervised by David Nasse.
The SEC appreciates the assistance of the Criminal Fraud Section of the U.S. Department of Justice, the United States Attorney’s Office for the District of New Jersey, and the Federal Bureau of Investigation."
THANK YOU!
$BXRXQ Like Barney Ross, I've taken your punches to exhaust you. You've even knocked me to the floor a few times, but I get right back up.
So what's your strategy now? Change Chapter 11 to 7 and attempt to slither away in the tall grass, hoping to be forgotten in the deep, dark recesses of the market? Yeah, that ain't gonna happen.
Do you need a reminder of what Ross would do once he had his opponent where he wanted him?
From Wiki:
>>>The young Rasofsky grew up on Chicago's mean streets, ultimately ignoring his father's desire for him to become a rabbi and his admonition that Jews do not resort to violence. "'Let the goyim be the fighters,'" Ross later recalled being told by his father. "'The trombeniks, the murderers—we are the scholars.'" Ross's ambition in life was to become a Jewish teacher and a Talmudic scholar, but his life was changed forever when his father was shot dead resisting a robbery at his small grocery.<<<
https://en.wikipedia.org/wiki/Barney_Ross
$BXRXQ What do you think will happen when people realize that the SEC is intentionally toothless? When it becomes common knowledge that no one is protecting retail investors from predatory Wall Street banks and corrupt company executives? When the notion of the SEC ensuring market integrity is seen by all as a joke?
I'll tell you what will happen. People won't bother trying to use legal channels to resolve issues of obvious corruption.
It will begin with your stooges. They will not be forgotten, nor forgiven, however much legalese they try to hide behind. And they'll talk. You better believe they'll talk.
$BXRXQ How would Jesus have dealt with economic violence?
"While Jesus was prophesied as the coming prince of peace and he preached a gospel of love, it would be unrealistic to read Jesus as thinking his followers must never resort to violence, especially when he wants us to speak up for those without a voice and to defend those being led away to the slaughter. That sometimes requires violence, because those who intend harm toward the innocent often brandish weapons to give themselves the upper hand."
These "weapons" can be financial manipulation, legalise and toothless regulatory bodies.
https://www.premierunbelievable.com/articles/is-it-ever-ok-for-christians-to-be-violent/15876.article#:~:text=Clearly%2C%20violence%20is%20not%20inherently,to%20deliver%20them%20from%20him
