Lipocine Inc. (ticker: LPCN) one month after Distressed Deal Data’s “buy” recommendation 🎾

Tuesday, February 22, 2022

Public Notice of Sales

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Public Notice of Article 9 Sale

B&R Holdings, LCC is selling substantially all of the assets of Suretint Technologies, LLC, including 94 patents and 10 trademark filings in the US and internationally in hair and color conversion technology. Public auction will be held on March 11th at 10 am CT. Counsel for the secured party is Huck Bouma, PC.

More info here on DailyDAC

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All About “Claims” in Bankruptcy

The focus Installment #9 of DailyDAC’s continuing series, Dealing with Corporate Distress, is claims in bankruptcy. How do the Bankruptcy Code and bankruptcy courts define the term “claim?” What is the fundamental difference between an unsecured claim and a secured claim, and how does Article 9 of the Uniform Commercial Code factor in? What are the basics of claim priority in bankruptcy? Short and to the point, and written so that you don't have to be a bankruptcy lawyer to understand.

FOMO is Sometimes Justified

Our sister publication DISTRESSED DEAL DATA™ expanded its scope of coverage beginning on January 15th by instituting buy, sell, and hold recommendations of select publicly traded equity securities. Our first recommendation concerned Lipocine Inc. (ticker: LPCN), a clinical-stage biopharmaceutical company focused on metabolic and endocrine disorders. We instituted a “buy” recommendation that day, which was the day after the company received written notice from the staff of the Listing Qualifications Department of Nasdaq stating that the company was facing potential delisting because it was no longer in compliance with Nasdaq Listing Rule 5605, which requires a majority independent board, audit committee, and compensation committee. LPCN closed at $1 on the day we issued our recommendation. It closed at $1.25 this past Friday. Learn more about all of the benefits of, or subscribe to, DISTRESSED DEAL DATA™ today.

Public Notice of Bankruptcy 363 Sale

Residential Portfolios on Purdue University Campus. Multiple residential portfolios including 89 properties (82 of which are in a prime waterfront location) located in West Lafayette and Lafayette, Indiana on the campus of Purdue University. The sealed bid deadline is February 24th at 5 pm ET. Exclusive Marketing Agent is AW Properties Global.

More info here on DailyDAC

Public Notice of Article 9 Sale

H3PL Warehouse & Delivery, LLC ("Borrower"). Guardian Capital Financing IV LLC, as successor secured creditor ("Secured Creditor") of Borrower will hold a public foreclosure sale under UCC Article 9-610 on March 1st at 10 am CT. The sale will consist of all the personal property collateral pledged to Secured Creditor, including, without limitation, machinery and equipment, general intangibles, contract rights and all other personal property assets, other than any collateral specifically excluded by Secured Creditor in its discretion. The Borrower is in the business of operating a warehouse in Illinois. Counsel for the Secured Party is Robert E. Richards of Dentons US LLP.

More info here on DailyDAC