STG Group Inc (GM) (STGGQ) Quote

DEAD. No signs of life with this stock..

NEW FILING! Does anyone here have PACER?

Show me the green!

Yeah I agree with you on that. This is saying there are still 1,445 shares short with 999 days to cover.
Perhaps the short or the short market maker is unaware that they still have this short position open, or perhaps they just feel STG commons
will eventually be canceled in the BK.
In my opinion, I wouldn't play with fire. They could just cover that short position and move on for less than $20 right now.
If the chapter 7 trustee here comes up with $8 to $16 million for the estate, STGGQ would quickly move up to the .50 to $1 range. All in my opinion of course. More than likely the commons will get ZERO here, which is the usual.

Otcmarkets sometimes screws up copying Short Interest info from FINRA. I look at FINRA, where it originates.
https://otce.finra.org/otce/equityShortInterest

0% short interest according to OTCmarkets. My mistake, I guess all the shorts have covered. Very well, carry on.

Short sellers, it would be in your best interests IN MY OPINION to contact the chapter 7 trustee here and find out that she is trying to obtain fair value for 'what was sold.' And no, I am not going to do your homework for you. Its public information, deal with it before you think STGGQ is automatically going to zero. Best of luck to you. This whole post is my opinion.
What exactly again did SoSi get for the supposed $83 million they paid? Oh yeah, a 5 year $50 billion GSA contract plus every thing else STG already had. Wow. Unreal this fkn sht is allowed to happen with tax payer money. OH yeah, ALL IN MY OPINION of course.

March 18

Greensprint whats the date on this filing? I cant zoom in on it, thanks in advance.

VERY INTERESTING! Clearly the Trustee knows whats happening, or should we say, happened here.
We are about to find out how well connected STG was/is to the deep state. If well connected, the judge will get marching orders to make it all go away, and SoSi/STG get away with it.
If not, looks like this joke chapter 7 is well on the way to being thrown out. That happens, and STGGQ may blast to $1 or more, very quickly.

New court filing

"...assist with the reconciliation and collection of certain amounts arising from the prepetition sale of the Debtor’s stock in STG Group Holdings, Inc..."

"2. The Debtor’s Statement of Financial Affairs (Docket No. 14) states that on April 11, 2018, MC Admin Co LLC, the Debtor’s secured lender, foreclosed on the Debtor’s stock in STG Group Holdings, Inc. and sold the stock to a third party.
3. The Trustee understands that the sale price was subject to certain post closing
adjustments, but that the sale generated a surplus for the Debtor.
4. The Trustee desires to employ Redmon, Peyton & Braswell, LLP and Robert Marino to assist and advise the Trustee in pursuing the reconciliation and collection of all amounts due in connection with the prepetition sale of the stock, subject to the terms approved by the Court."

Agree with you on your thoughts. STG bankruptcy is completely scam. No any reason to file a bankruptcy.

A discord room here https://discordapp.com/invite/MKPJDZz

Greensprint, what chatroom was this posted in? A room here on iHub?

Thank you for posting the filing page. Im not sure that's a request by the Trustee to withdraw the entire STG CH 7 case, although it sure as hell should be.
The judge (Kindred) is clearly conflicted. She worked for STGs (debtors) counsel (Ramsdell). HOW ITF is that even allowed under the code?
I don't have standing to file anything here, but a big sharedholder or creditor should object to this sham and at the very least demand a change of venue. Should be a MOTION TO DISMISS, demanding a fair and transparent sale of STG and a reversal of the shady deal with SOSi.
So Lacomb and the other STG gurus 'sold' STG to SOSi for (as far as we can tell) $83 million. As we were told again 'just barely enough to pay the outstanding debt.' Again, if we believe STG higher ups.
The process was never transparent, STG would not give shareholders any information upon request. If it was 'enough' to pay all the debt, why the need for a post facto chapter 7? Just put the clean shell up for sale IMO.
Its unreal that a government contractor was/is allowed to pull this sht while still under several contracts.
Still just my opinion but if anything gets filed demanding a dismissal or change or venue, STGGQ stock should skyrocket. Only 16m shares, that's not a lot.

papastocks posted in the chat room

Where are you seeing that? If the chapter 7 is thrown out, this thing would blow up quick.

Interesting, case withdrew?

Nothing new. Another shady chapter 7 where the common shares will get wiped out and go to zero.

Sooo. What’s up here??

400,000 on the bid, I bet a big short that wants to cover before years end.
Still, might be some life here IMO. Why does a big short or any short need
to cover when the shares are going to be erased by the BK? hmmmmm,,,,,

BroadwayGaming you better take what you can on this pig while there is
STILL a bid! Here we are in mid-December and no shareholders are objecting to the chapter 7 filing. When there is a final ruling and the
case is closed, the shares will be erased and all shareholders will get
ZERO, along with many of the creditors. The creditors meeting was a few
months ago, and I cant find any objections. That means they are OK with
being F'd up the A$$. This is a such a sickening joke how they were able
to gift STG and all the contracts to SoSi for basically $83 million.

Someone sold 10,000 at the open today @ .08 and the bid immediately went to .02. Another MM bid back up to .08, ask is down to .11. I don't have
stinky pinky level 2 so I cant see the depth, but it aint lookin good.

WELL, you better take 8 cents a share while you can. Don't know how long

there will be bids on this. Lacomb told you its going to zero, and he

is/was the CEO of STG.

There is NO equity committee representing STGGQ shareholders in the

bankruptcy as far as I can tell, I don't see any objections filed by the

creditors (very suspicious given the details around the filing). So

your fate here is in the hands of the OTC MMs and their algo's. Best of

luck with that.

Please. Help. Me.

Buy this and pump it

Ask price now down to 11 cents,,,,

Otherwise. I’m going to kill myself in 9 weeks when I run out of contacts. Already out of money waiting for this to go up.

So see you all in death

Will do.

You can buy all you want at 15 cents. Get to it.

Sell me your shares

"Unsecured creditors will receive no payment." You understand that
shareholders are beneath creditors, right?
The unsecured creditors have very small hope IMO, given that the Judge, in
my opinion, is clearly conflicted in this case, having been employed by
STG's lead counsel (Tyler, Bartl, and Ramsdell) before being appointed to
the VA federal BK bench. Big problem right there one would think, but even
if pushed by creditors, another judge would be appointed.
If not recused, this chapter 7 case should be a slam dunk for what STG is
asking.
STG played the classic scam game of monopoly here. Sold all the gold to a
buddy for a dollar, before the last roll of dice landing on the opponents
Boardwalk/Park Place properties with hotels.
As usual, shareholders will be screwed and erased. Unsecured creditors
should be raising hell claiming unfair conveyance to SoSi.

Sell to me

Thank you for 6k shares. Sell me more

Please sell me your shares tomorrow

Everyone pumps garbage. Chapter 7 doesn’t matter

You had best read the chapter 7 bankruptcy they filed, after the sleazy

deal (in my opinion) they did with SOSi. The only way this sees $1 again

is if the bankruptcy court throws the case out, which I doubt will happen.

It’s STGGQ week

How do you know they never sold? I’m all in. Never selling to at minimum $1+

STGGQ all in to $1+

Chapter 7 for STG is a joke. They have all their existing GSA/government

contracts, plus the $50 billion GSA A2 contract they were awarded in

November. I would like to see how they justify to the BK court assets

of $1 to $50,000, liabilities $1m to $10m. I thought the SOSi deal for

$83m paid/covered the $80.1m debt, or was that a lie too?

If they offed the SOSi deal, then that opens up a whole different can of

worms. If the deal is still on, there should be many attornies all over

STG for fraudulent conveyance, ie SOSi getting billions in potentional

assets for the $83 million they supposedly paid. Any way STG

goes about this, this is a problem.

Don't forget what Lacombe said back in January,,,,"STG isn't going

anywhere." LOL sure Phil, whatever.

They likely have nothing to go after in such a suit.

I smell a massive class action suit coming against STG for this.

STGG Symbol change to STGGQ (Bankruptcy) effective Monday April 23, 2018

http://otce.finra.org/DLBankruptcy

STGG symbol change effective Monday STGGQ

15 cents that is,,,the 15 didn't make it into my last post.

I read the same thing you read, when it says 'little to nothing left for

shareholders' it cant be good. My guess is SOSi will be taking STGG

private, and that the stock will continue to do a death spiral on the pink

sheets. I'm sure Lee and Lacombe don't give a damn, since they probably

have a cushy arrangement with the new 'merger.'

If the PR told the truth (you never know these days), best case scenario

is approximately $2.9m or so for shareholders, so I would say around

cents. STG had $80,100,000 in debt, and SOSi paid $83,000,000.

They get a $50 billion contract plus all the other open contracts for

practically nothing, and shareholders get the shaft once again. Total

corrupt BS IMO.

I read the 8k but I'm still confused. Do shareholders of STGG now own what amounts to an empty shell?

8k out, shareholders screwed over again. Totally criminal in my opinion.

You longs had best read it, fast. Like now.

"STG is SOSi’s third and largest acquisition since 2016, and the two companies, together, employ 1,300 employees worldwide."

That's from the press release, dated today.

OK, yippee so far. SOSi bought New World Solutions back in 2016, and
bought Defense Group Inc. last year. PRs for both deals claim 'terms were undisclosed.'
Looks like SOSi is a privately held company, and what they paid for the prior 2 acquisitions is not readily available. Anyone that can find out
what they paid for either of those deals, please help us out!

Is it reasonable to think that they paid any less than $3 per share, or
around $50 million? With the current contracts STG has, that number would
be insulting, regardless of the current debt & joke market cap, all in my opinion.