P10 Industries Inc. (PX)

[bob4uall]

I don't doubt that they're honest, either. Mark Ascolese entered the company after what was either a huge mistake or a fraud in 2013 when there were allegations that the company misstated the identity of a purported Chinese partner (with Qiyuan Network System Limited, which the company's management discovered was neither an affiliate nor a subsidiary of the much larger Digital China Information Service Company Limited). I would definitely have my doubts if he had been involved back then. I believe that their CFO resigned in those days as well-- sometimes a bad sign.

But since then, the company seems to be clean.

You bring up the worry about someday they may be "taken to the cleaners in a deal for the company's assets". This is very hard to judge, but they already sold nearly all company assets and took it through bankruptcy and a name change. Did they get enough for it? Book value of assets is not market value, so financial reports don't tell the whole story. The share price certainly declined greatly through those days, but maybe they averted a complete failure by getting out before it all dwindled away.

What they ended up with, as of now, is they are relieved of their debts, have patents and an investor of over $4 million. They have NOLS that should be valuable in the right place. So how good will they be at trading what the have for something better, not worse?

We don't know, but they tell us that they "have been active" in pursuing the objectives.