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Akorn Inc

Akorn Inc (AKRX)

0.09
0.00
(0.00%)
Closed 15 July 6:00AM
0.00
0.00
(0.00%)

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AKRX Discussion

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leonardo66 leonardo66 4 years ago
Thanks for the dd Tduggylolz!
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Renee Renee 4 years ago
AKRXQ: Bankruptcy PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions
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Ronin Ronin 4 years ago
AKRXQ stock is completely worthless. When Lenders take all the money, NONE is left for shareholders. Even Lenders don't get all the money owed to them, why would they give any to strangers who hold stock?

They don't!

Here's the reality...


https://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp
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contrarian bull contrarian bull 4 years ago
It looks like some (bad) news hit today based on the price action.

I keep wondering if there might be a penny or two per share left over for common shareholders after all is said and done.
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Long isle T Long isle T 4 years ago
This is a weird play now don't know from one day to the next if you're going to loose all you're shares and investment
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Tduggylolz Tduggylolz 4 years ago
i honestly feel people are gassin up a dead frog... but if they are dispersing the co to shareholders.. i think its left us with some confusing directions... they dont mention the sale is to premium shares only from what i can tell... but it also states there is no guarantee common shares wont be wiped out... actually as these guys point out.. it almost suggests that they will remove the common shares.. id definitely love more input..
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contrarian bull contrarian bull 4 years ago
Does today's price action suggest that someone in the know knows that there will be more than a nickel a share left over from the bankruptcy to distribute to shareholders? Or is it just random speculation?





Don’t know, but it went down as low as 6 cents on its first day in OTC. But you are right, the missed revenue doesn’t change anything. IIRC, the stalking horse bid of a billion, should leave shareholders about 75 to 80 cents a share.
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hondaboost hondaboost 4 years ago
They Never care about the employees.
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timtxus timtxus 4 years ago
A terrible way to motivate employees by wiping out their stocks.
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Tduggylolz Tduggylolz 4 years ago
honda, how do they protect current employees common stock if they just gonna wipe it out on sale? they have quite a few facilities by me that are still full steam ahead despite all this
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Tduggylolz Tduggylolz 4 years ago
good looking out, thanks
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hondaboost hondaboost 4 years ago
All Commons gets Cancelled as The Company states: "What will happen to Akorn common stock?
While Akorn stock may continue to trade over-the-counter until the conclusion of the Akorn debtors’ Chapter 11 proceeding, we do not expect any recovery for holders of common stock in the Chapter 11 process and those equity interests will be canceled upon the conclusion of the Chapter 11 process."

https://akorn-forward.com/

No. 4.
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hondaboost hondaboost 4 years ago
AKRXQ is emerging from BK and All Commons will be Cancelled and Wiped out@!
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Bigstud is here Bigstud is here 4 years ago
That would be something if that happen.
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Tduggylolz Tduggylolz 4 years ago
yep
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Tduggylolz Tduggylolz 4 years ago
they had failed to meet FDA safety and regulation guidelines.. they had been basically sold to a German Pharmacy co, failed quite a few FDA examinations in a row .. at the worst timing possible.. lose the deal for a sale.... basically losing faith in both customer and investor at the same time... good bones, horribly ran... its over now.. being sold back to investors thats.... just a generalization - imo
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Tduggylolz Tduggylolz 4 years ago
https://akorn-forward.com/
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Tduggylolz Tduggylolz 4 years ago
https://www.otcmarkets.com/stock/AKRXQ/security
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Tduggylolz Tduggylolz 4 years ago
$AKRXQ who knows the news
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leonardo66 leonardo66 4 years ago
I'm new here . Is this thing falling to trip's. Why the decline from last year. Thanks for your help.
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Paullee Paullee 4 years ago
shareholders wiped out
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sanderburwil sanderburwil 4 years ago
Blast off
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timtxus timtxus 4 years ago
Don’t know, but it went down as low as 6 cents on its first day in OTC. But you are right, the missed revenue doesn’t change anything. IIRC, the stalking horse bid of a billion, should leave shareholders about 75 to 80 cents a share.
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contrarian bull contrarian bull 4 years ago
How does the larger than expected Q2 loss reported affect the future of Akorn? It's down today, but how far down should we expect it to go?

Keep an eye on this one. It’s slowly creeping up unnoticed without the media attention.
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timtxus timtxus 4 years ago
Keep an eye on this one. It’s slowly creeping up unnoticed without the media attention.
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Fezziwig2008 Fezziwig2008 4 years ago
AKRXQ getting close to Aug D day without Equity Committee - Not Approved
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Fezziwig2008 Fezziwig2008 4 years ago
AKRXQ Equity Committee Approval
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lojack lojack 4 years ago
How is everyone doing today? Hope everyone is having a great week!
-AKRXQ-
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fbsf32 fbsf32 4 years ago
https://reorgdocumentlibrary.broadridge.com/Client/Client?data=0720/E19968/009728106/c
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starteam003 starteam003 4 years ago
Why we moving up ?
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starteam003 starteam003 4 years ago
Did the document mention anything about our shares being cancel ? God I hope not...
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Majic Majic 4 years ago
Important dates coming up:

"... if the Debtors receive qualified competing bids within the requirements and time frame specified by the Bidding Procedures, the Debtors will conduct an auction (the “Auction”) of the Assets on August 10, 2020 ..."

"... the Debtors will seek approval of the Sale at a hearing scheduled to commence on or before August 20, 2020, ..."
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fbsf32 fbsf32 4 years ago
BK NEWShttp://www.kccllc.net/akorn/info/10027..
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jablome jablome 4 years ago
had this crazy dream went to check the options play and the stock price was at "20 bucks" i was so confused cause i had '50 cent calls'
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starteam003 starteam003 4 years ago
Does anyone have any news regarding BK proceedings yesterday ? .. I think it’s good judging from today’s action..
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fbsf32 fbsf32 4 years ago
News out and we drop ??Akorn Animal Health Announces Launch of Neomycin and Polymyxin B Sulfates, and Bacitracin Zinc Ophthalmic Ointment
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starteam003 starteam003 4 years ago
It seems we’re holding steady at .30.. maybe I’m wrong
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~ Blue ~ ~ Blue ~ 4 years ago
AKRXQ~ .50+ >>>>>>
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Pennyprof Pennyprof 4 years ago
Here's a hint: yes and no.
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starteam003 starteam003 4 years ago
Did news leaked ? just daytraders?
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TrendTrade2016 TrendTrade2016 4 years ago
it was so easy to see....
TrendTrade2016 Saturday, 04/18/20 07:15:39 AM
Re: None 0
Post #
1009
of 1574
should see a BK here soon!! institutions dumping big time...
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~ Blue ~ ~ Blue ~ 4 years ago
since under 1o cents you asks the same question! you should find by yourselves .. it is undervalued lol:)
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starteam003 starteam003 4 years ago
Can someone explain to me why we up over 65% today ? news leaked ?
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Majic Majic 4 years ago
Entry into a Material Definitive Agreement.

On June 17, 2020, Akorn, Inc. (the “Company”) entered into a Share Purchase Agreement (the “SPA”) by and among the Company, WorldAkorn Pharma Mauritius (together with the Company, the “Sellers”), Akorn India Private Limited (“Akorn India”) and Biological E. Limited (the “Purchaser”). Pursuant to the SPA, the Sellers have agreed to sell to the Purchaser 100% of the share capital of Akorn India for $10 million in cash, subject to withholding taxes, if any, and adjustment for certain net working capital items, as specified in the SPA. Akorn India owns a manufacturing plant in Paonta Sahib, Himachal Pradesh. The sale of the Company’s equity interests in Akorn India is subject to the approval of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

The Purchaser’s obligation to consummate the purchase is subject to the fulfilment of certain conditions precedent by the Sellers and Akorn India, including the Company obtaining an approval order from the Bankruptcy Court.

[ . . . ]

https://www.sec.gov/ix?doc=/Archives/edgar/data/3116/000110465920074460/tm2022873d1_8k.htm

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davidsson10 davidsson10 4 years ago
You're welcome.
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contrarian bull contrarian bull 4 years ago
Thanks - that helps a lot!

My cr@ppy broker (Schwab) doesn't often give news on lightly traded stocks like this so I had not seen that yet.

If I'm reading this right Akorn sold a piece of the company located in India for $10 million. I'm not sure if the market was happy about how this increases their cash flow, or thinking it adds $10 million to their value. This amount is only 7.5 cents per share, so I'm betting it's just a sign of maybe more good news to come?

Given the lack of news on this company we can just wait and see...

It should have been obvious: https://www.sec.gov/ix?doc=/Archives/edgar/data/3116/000110465920074460/tm2022873d1_8k.htm
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starteam003 starteam003 4 years ago
Did news leaked out ?
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davidsson10 davidsson10 4 years ago
It should have been obvious: https://www.sec.gov/ix?doc=/Archives/edgar/data/3116/000110465920074460/tm2022873d1_8k.htm
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contrarian bull contrarian bull 4 years ago
fellas. What went down today ? good news leaked out? just daytraders? What’s going on ?

Robinhood? The way this crept up with a slow acceleration over a few days makes me think it might just be day traders. That would explain the quick drop at the close too.

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contrarian bull contrarian bull 4 years ago
I'm surprised nobody on this board knows why this stock went up. Usually someone in the know lurks on these boards.

I actually cancelled my sell for $.20 this morning pre-market due to last night's research making me believe the real value of this company is closer to two to three bucks. I did recently buy a bunch at $.08 that I'll probably sell some of at $.54 on Monday if it gets there - since that's my break-even price. Yeah some of my shares I paid $3.56 for. Oops.

thanks for the run bought 0.1908 sold 0.30-0.37
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