Thursday, January 05, 2017 9:28:42 AM
PIOI in the process of undertaking the activities and negotiations with investors. it could be done overnight but also in Q1 2017,like any complex transaction.
1) Debt free.
2) 500m+ NOLs
3) >20 patents to monetize
4) $4,1mm tax credit
5) at least $1mm cash
6) insiders ownership 40%
7) some institutionals increased their positions
8) new investors will bring cash
9) ready to acquire profitable businesses
10) insiders accepted to be paid with shares at 1,30$ per share (half 2015 compensation)
Based On RELY's same deal the value is at least $100m. RELY trading almost 40 times PIOI, w/only 80% higher value in NOls :
It's important to note that RELY's acquisition has yet to result in profitable operations which is why their market cap isn't even higher than the current $177.6m. Although it will be difficult for those of us that are already in to hold beyond $1.00/$1.30, a decent patent evaluation and viable acquisition could put this well above that.( No-dough-go comments).
PIOI a $4M cap co. A/o today( w/zero debt) W/$500m+ NOLs,
https://finance.yahoo.com/news/active-power-adopts-tax-benefit-000026095.html
RELY a $200M Company W/ $900M+ NOLs
http://seekingalpha.com/article/3958586-real-industry-200m-company-900m-nols
In addition, PIOI has 20 registered Patents: on a conservative estimation of only $1m per patent we have an additional value of more $20m. http://www.p10industries.com/patent-licensing
I think we might see a private placement at around $1.3. shareholders accepted to be paid with shares at $1.3 and exactly those shareholders approved the deal.
"On September 21, 2016, we received a non-binding term sheet from a potential investor in Active Power regarding a proposal for Active Power to acquire an existing profitable operating company".
"On September 26, 2016, our board of directors held a special telephonic meeting. At the meeting, Mr. Ascolese updated our board of directors on the status of the negotiations with Langley and negotiations with three potential investors in Active Power".
slojab
Sunday, 11/20/16 07:19:03 PM
Re: None
Post # of 1550
I received two emails responses from Jay Powers.
On 11/20/2016 10:57 AM, Jay Powers wrote:
Thank you for your comment and support. As our press release indicated we continue in our efforts to raise additional capital to support the working capital and acquisition strategy of the business and we anticipate that this step will be completed before the end of the year. Our objective is to monetize the patents that we retained and to acquire well run and profitable businesses. We do anticipate that this will result in increased shareholder value.
Thank you
Jay Powers
CFO
After I responded to him, he replied again....
As you can see in our 2015 10K filing, our domestic Federal NOL’s at the time were $235.5M. There are stringent IRS regulations essentially prohibiting a company to acquire control of another entity and utilize the NOL’s. The NOL’s can be used by the entity generating the losses including the profits of entities it may acquire.
For clarification, no company will be acquiring the ACPW ticker. The asset purchase agreement with Piller required us to change our name because they will continue to use the Active Power brand. We are changing our name to P10 Industries and therefore required to change our ticker.
Thank you for your interest.
Jay Powers
Bustajoy
Tuesday, 01/03/17 12:48:03 PM
Re: EnricoMania post# 1749
Post # of 1770
Got an email from the president and CEO this time around. Sounds optimistic, and said they are well down the path of implementing the go-forward strategy, and as soon as they have something of substance, they will announce.
"We are looking forward to successfully implementing the strategy, and as you can imagine these transactions take longer than one would expect, and like you I find it hard to be patient in the mean time...".
Looks like they are just trying to put the last pieces together. Hopefully something soon enough. Sounded optimistic and about ready to pop out the pr, just making sure everything is right.
About NOLs:
(EnricoMania Comments):
look here to see how NOLs are used by companies to offset taxes.
https://globenewswire.com/news-release/2016/12/28/901923/0/en/Live-Ventures-Announces-Biggest-Year-in-Company-History-Achieving-Record-Earnings-of-8-92-Per-Share-With-Continued-Growth-Anticipated-in-2017.html
"The company’s outstanding year-end results were partially attributable to the stellar performance at its wholly owned subsidiary, Marquis Industries, and partially to other non-cash income realized in connection with the Company’s deferred tax assets. These net operating losses (NOLs) were accumulated prior to Live Ventures becoming a diversified holding company and allow it to defer over $30M in future income. The NOLs provide the company a unique advantage in that it can keep a substantial portion of its income -- which normally would have been expensed at approximately 35 percent for taxes, and redeploy it in other areas such as stock repurchases, retirement of debt, or new acquisitions. Although a portion of this year’s earnings was attributable to its deferred tax assets, management believes the growth factors explained below will offset non-cash income realized during this year".
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
Recent PX News
- P10 Hosts Investor Day • GlobeNewswire Inc. • 09/19/2024 11:30:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 11:03:45 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 12:06:36 PM
- P10 Announces Agreement to Acquire Qualitas Funds, a Leading European Lower-Middle Market Alternative Investment Solutions Provider • GlobeNewswire Inc. • 09/17/2024 12:00:48 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/09/2024 12:02:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 12:00:17 PM
- P10 Reports Second Quarter 2024 Earnings Results • GlobeNewswire Inc. • 08/08/2024 08:05:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 12:33:02 PM
- P10 Expands Credit Agreement to $500 Million • GlobeNewswire Inc. • 08/05/2024 12:30:23 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/02/2024 04:15:14 AM
- P10 Names Sarita Narson Jairath as EVP and Global Head of Client Solutions • GlobeNewswire Inc. • 07/31/2024 08:15:50 PM
- P10 to Host Investor Day on September 19, 2024 • GlobeNewswire Inc. • 07/23/2024 08:15:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 07/19/2024 08:16:43 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/19/2024 08:10:55 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/19/2024 08:05:26 PM
- P10 Schedules Second Quarter 2024 Earnings Release for Thursday, August 8, 2024 • GlobeNewswire Inc. • 07/18/2024 12:30:33 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/12/2024 09:31:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 10:37:57 PM
- Hark Capital Closes on $645 Million in Capital Commitments for Fund IV • GlobeNewswire Inc. • 07/09/2024 12:30:00 PM
- RCP Advisors Announces Launch of New Website and Brand • GlobeNewswire Inc. • 07/01/2024 12:30:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:49:58 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:48:40 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/19/2024 12:45:20 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM