InvestorsHub Logo
Followers 3
Posts 84
Boards Moderated 0
Alias Born 11/23/2011

Re: None

Monday, 08/28/2017 2:16:14 PM

Monday, August 28, 2017 2:16:14 PM

Post# of 47873
The vote resulted in the "plan" being accepted. Therefore, depending on your voting choice, you will either receive a cash payout for your class 6 shares or retain them as shares in the reorganized Secure Point Technologies company.

“The Plan provides for the substantive consolidation of the Debtors and provides for the unimpairment and/or payment, in full, of all Allowed priority, administrative, secured, general unsecured claims, and Preferred Interests, and the option for Holders of Allowed Class 6 Interests in Secure Point Technologies, Inc. (f/k/a Implant Sciences Corporation) to either receive a Class 6 Distribution in cash or retain their shares in Reorganized Secure Point Technologies for the purpose of pursuing a Potential Business Venture.”

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.