Astra Veda Corporation (EM) (ASTAQ)

Hard to say what will finally happen. Yes, this looks like an AI answer.

When it is all said and done, AI may replace a lot of attorneys!!

Looks like brad listerman founded a new company named xycota biosciences........ this will be one to short if it ever trades punlicly

Here’s a clear, factual snapshot of Astra Veda Corporation based on court filings and disclosures. (AI)

🧾 Bankruptcy situation (Chapter 7)
The company filed Chapter 7 bankruptcy (liquidation) in the U.S. Bankruptcy Court (Colorado) on July 10, 2025.
It is classified as a “no-asset” case, meaning there may be little or nothing available to distribute to creditors.
A trustee (Harvey Sender) was appointed to take control of the estate and handle liquidation.

👉 Translation: this is not a restructuring (like Chapter 11). It’s a wind-down / liquidation process.

⚖️ Court activity & legal issues

There are multiple overlapping legal problems:

1) Bankruptcy court actions
Creditors have actively pushed for Rule 2004 examinations (broad discovery into finances, transactions, and conduct).
The court approved these investigations and denied attempts to limit them.
Former management (e.g., James Michael Davis) is being compelled to provide information about:
assets
liabilities
company conduct

👉 This signals creditor concerns about potential wrongdoing, missing assets, or recoverable value.

2) Pre-bankruptcy lawsuit (major shareholder dispute)
A Wyoming court ordered Astra Veda to transfer 12.5% of ALL share classes to investor Scott Eppinga.
The shares were ruled:
non-dilutive (not supposed to reduce his percentage)
freely tradable (restrictions removed)

👉 This was tied to old financing/loan disputes (2006–2013) and appears to have been a major liability.

3) Ongoing litigation & settlements
The company had:
disputes with a former CEO
multiple lawsuits across jurisdictions
settlement attempts and defaults
Some activity suggests attempts to recover money via lawsuits for creditors (typical in Chapter 7).
📉 Shareholder situation

This is the part most investors care about:

Reality under Chapter 7
In liquidation, priority order is:
secured creditors
unsecured creditors
shareholders (last)

👉 Shareholders only get paid if all creditors are fully paid first.

What likely applies here
Case is labeled “no asset” ? suggests little recovery even for creditors
Significant legal liabilities + disputes
Ongoing investigations into finances

➡️ Common outcome in this setup:

Existing shares are often cancelled or become worthless
Equity holders typically receive nothing
Additional complication (share structure)
Court-ordered issuance of 12.5% non-dilutive shares to Eppinga
Large blocks of preferred + restricted common shares outstanding

👉 This creates:

complex cap table
potential disputes over who owns what
further dilution/conflicts before bankruptcy even resolves
🧠 Bottom line
Bankruptcy type: Chapter 7 liquidation (not a turnaround)
Court situation: Active creditor-driven investigation + multiple legal disputes
Shareholders:
Extremely low priority
Very high likelihood of total loss
Shares may ultimately be cancelled or left worthless

If you want, I can break down:

what scenarios (rarely) allow shareholders to recover something
or what to watch for in the docket that could change the outcome (there are a few edge cases)
yes

Alright — let’s get into the edge cases and “what to watch” signals. This is where things occasionally deviate from the usual “shareholders get wiped out” outcome in a Chapter 7.

🟢 When shareholders could recover something (rare, but not impossible)
1) Hidden or recoverable assets show up

This is the #1 wildcard in cases like this.

Because the court approved broad Rule 2004 investigations, the trustee is essentially digging for:

undisclosed assets
improper transfers (“fraudulent conveyances”)
insider payouts that can be clawed back

👉 If they recover significant money:

creditors get paid first
anything left over flows to shareholders

Reality check:
This only helps shareholders if recoveries are large enough to exceed total debts, which is uncommon in “no-asset” cases.

2) Lawsuits bring in meaningful cash

The estate can pursue litigation against:

former executives
counterparties
anyone who received questionable transfers

If one of those cases results in:

a big settlement
or a favorable judgment

👉 that money becomes part of the bankruptcy estate.

But: litigation proceeds often just reduce creditor losses, not eliminate them.

3) Claims get disallowed or reduced

Sometimes creditors:

overstate claims
file invalid claims
fail to properly document debts

If the trustee successfully knocks down total liabilities, it lowers the bar for equity to see recovery.

4) A surprise buyer / asset sale

Even in Chapter 7, occasionally:

IP
shell value
or legal claims

get acquired.

If something unexpectedly sells for more than expected, it can improve the outcome.

🔴 Why Astra Veda specifically looks unfavorable

Based on what we know:

Classified as a no-asset case
Multiple legal disputes and liabilities
Active investigation into past conduct (often means messy finances)
Complicated share structure (preferred, court-ordered shares, etc.)

👉 That combination usually points to:
creditors not being made whole ? equity wiped out

Go $ASTA

wut wuz the settlement in 23stcv?

$ASTA - Sounds BULLish! Let’s go!

Does this sound like a good summary for the prior post?
“The bankrupt company is negotiating a deal that still needs court approval.
Part of the deal may cancel some worthless shares,
remove one creditor from the payout list,
and focus on an older lawsuit to recover as much money as possible for the remaining creditors.
Shareholders will likely lose most or all of their value.”

"Counsel represents to the Court that there is a settlement in progress, but it requires approval
from the Bankruptcy Court for Plaintiff Astra Veda Corporation."

Settle 23STCV25985, cancel bad shares.
Cancel Ch. 7 plan (~1 less creditor ^).
Take 19STCV37275 for max $.

So you're telling me there's a chance..........

With an honest judge... yes that is hoping for a miracle... Astra will win before much longer.
Glad I added before we went obscure.

Would be nice though… still have a ton of shares avg $0.00175

Absolutely hilarious 

Absolutely hilarious.

Nothing but con artists.

cancel bnkrptcy, settle/close/win cases, reestablish business, good guys win 😃😄🙂😇😉🤩🤪

anybody know if ctvette lost his shirt on this stock? looks like this board needs moderators

Wen moon? I have my astronaut suit ready

Somebody lucky to get in or lucky to get out. We'll see...............

ASTAQ TRADING AGAIN 800K

Not any longer.

are there any moderators on this board?

That would be fantastic. But in the current environment it's the Chance Brothers.

Fat and Slim.

Love seeing this scam where it belongs. 

Only thing better would be seeing mick - brian and the crew indicted and imprisoned. 


Mmmmaaaaaaa

Its beautiful. Truly heart warming . 

8pm mountain time: Feb.18, 2026
https://x.com/mick8724 was up again. We'll see how long..........

Does anyone have Pacer and know the status?

what's the latest on this shit show/

Got this from AI:
An OTC Chapter 7 bankruptcy refers to a liquidation process under Chapter 7 of the U.S. Bankruptcy Code. It’s typically used by businesses (including over-the-counter or OTC companies) and individuals who are unable to pay off their debts.
Here’s a breakdown of what it involves:
Liquidation of Assets: A trustee is appointed to sell off the debtor's non-exempt assets to pay creditors. This means any property or assets that aren't protected under bankruptcy law will be sold to repay debts.
Discharge of Remaining Debts: After liquidation, the remaining debts are usually discharged, meaning they no longer need to be repaid. However, not all debts can be discharged (like child support or certain taxes).
Business Closure: For companies, Chapter 7 often results in the closure of the business, as the company’s assets are liquidated to pay creditors. Once this process is completed, the company ceases to exist.
Do OTC Chapter 7 Bankruptcy Filings "Come Back"?
Generally, businesses that file for Chapter 7 bankruptcy do not "come back" in the same form. Once assets are liquidated and the company is dissolved, it's typically the end of that specific business entity. However, in some cases, the company's owners or managers might:
Start a new company after the bankruptcy process is complete.
If they have valuable intellectual property or business assets, they could reorganize or sell those to create a new business, but it wouldn't be the same entity that went through Chapter 7.
So, while the specific company may not return, its owners or key figures could possibly start a new venture, especially if the bankruptcy helps wipe out a lot of financial pressure.

What does this mean, the bankruptcy still isn't officially closed?

ASTAQ TRADED TODAY https://www.otcmarkets.com/stock/ASTAQ/security TRANSFER AGENT CERIFIED.

File what?

I'm in Canada. Could take my capital loss but I'd rather just "wait and see". You never know.
Like my mom always used to say, "I've seen sicker pups than this get well." I give it a 10% chance............

You say the same thing on different board..you need better material because it’s all just white noise..LMAO!!

Hilarious.

What's happening here. Still have hope? 

I am really hoping Mick would surprise us all and file 

Trustee will probably do that.

Can you elaborate on the fraudulent transfers?

1:25-ap-01330
81 Bankruptcy - Subordination of claim or interest
91 Bankruptcy - Declaratory judgment
13 Bankruptcy - Recovery of money/property - §548 fraudulent transfer

Now what

Dead ass scam. Finally.

Naw, that would never happen in the OTC sewer...

I read on stocktwits that one of the creditors pertaining to the bankruptcy filed a claim against Mick Davis claiming fraud and embezzelment

That's a good one.... 😂

ASTAQ MAYBE THE BK 7 JUDGE WILL FORCE THE SHELL TO BE SOLD TO GIVE MONEY TO THE CREDITORS

https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-84

Oh yeah, you really helped this board out 😂😂😂

Yep, the due diligence "expert" speaks!

Go find it yourself. Must I do everything for this board?

Can you summarize the most helpful effective posts of yours on this board? You do "everything" for the board, eh?

These con artists know that rarely happens so they carry on without any deterrent.

SEC should pursue charges if paranotek was pure BS

Pure BS.

Glad I was just a watcher from a distance..... Do you think the paranotech was ever real or just BS?