Point Blank Solutions, Inc.(fka PBSOQ)

[mrholty]

If a Bankruptcy Plan were put forth today, you would get a complete zero. Now you (or those of you who plan to wait) can sit around for a couple of years, maybe 3-4-5, who knows, until the appellate processes play out or until something happens, but in the end at that time it will take around 70ish million to the estate to see a dime, imo.

Agree 100% with this.

Thanks for the clarification of the differences between Madoff/Lehman and this. I never even checked to see what happened with Madoff. I figured it was an investigation similar to this but it makes sense and Lehman is completely a different entity. I haven't read his sentencing comments but you can see the mental problems he seems to be having. He's clearly no sane at this point. How does a lawyer work with him?

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The probable best plan would be to try and purchase PBSOQ debt for $.05 and hope that it gets paid at some point. I have no idea what claims have been bought at.

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Did you ever buy any PINEs? or any other AMR debt?