frustrating and unbelievable. Should have been near a $ but they have done nothing for the last 18 months.

I think docket #4345 is more important.
ORDER APPROVING EQUITY DISTRIBUTIONPROCEDURES AND GRANTING RELATED RELIEF

They will pay off sometime this year. See doc 4350 filed 11/26/19. I'm guessing 50 cents per share.

And so it ends? Anyone else see that DB passed away two days ago in prison?

Been awhile since I posted or logged in this site.. time to rant and ask why we allow an internet spy government to drag out a case such as this for years just to victimize further existing victims of the DHB crime? This is very much like a Madoff case and yet I experienced over the years that the DOJ is no less a criminal than DHB himself. Where is my money the DOJ seized and why can't I sue the system for such an injustice? WHY ARE THE VICTIMS OF THE CRIME BEING VICTIMIZED BY THE DOJ AFTER ALL THESE YEARS (OVER TWO DECADES FOR ME IN DHB) anyway, I will not forgive ALL criminal thieves of (DOJ)Hopefully the same if not worse evil/karma in this doj case destroys the lives of those who have trespassed and stolen my retirement savings online over the years too. I know the government has my money but I know now they are just as evil and bad as DHB and his family/friends/relatives/FBI etc.

Hi, Renee, just looked up your link and did not find any mention of PBSOQ. Where did you see it? TYIA

PBSOQ: BK PLAN effective. All shares cancelled:

http://otce.finra.org/DLDeletions

PBSOQ: BK PLAN effective. All shares cancelled:

http://otce.finra.org/DLDeletions

Not sure how much you have watched this but the last few months have been interesting.

A Disclosure statemtent has been approved in principle. An agreement between basically all parties (debtors, equity committee, class action (plantiffs)) have all been agreed to. There is one large holdout however and that is Brooks himself.

A current plan was filed earlier this week and their is a waterfall analysis. The midpoint, which I consider to be likely shows that common equity should receive $6.1M. Using the current sharecount that is worth $.10/share.

However, I do agree with you that any payout would be years into the future as the monies that would be paid out are being held by the Criminal court case until the appeals process is exhausted. There is $35M that has been held for many years which is available and is being used to push the plan through (and pay the lawyers) but without resolution of the appeals - neither the creditors nor any shareholders or original class action holders will see a dime.

Based on the time delay and illiquidity I don't know its not trading at $.05 or below. (I'd be a buyer there)

EI,

Thank you for your response.

Sincerely, EH22

One share of New Common Stock will be issued to the Recovery Trust.

It is highly remote that the waterfall will leave anything for Class 6 (Old Common Stock Interests). Then again, I could be wrong. Once thing is certain, the answer won't be known for many years.

EI,

I will appreciate your take on the current situation. Do you think "new" common holders, i.e., not class action or "old" equity holders, still have a chance for some value here?

Thank you for your opinion.

Sincerely, EH22

Well you class action folks can thank David Cohen for getting even less than the original settlement, what, 7+ years later? The original settlement was $35.2 million plus 3,184,713 shares, valued at around $2.5 per. So without the help of Mr Cohen you would have had over $43 million, but now you're looking at $37.58 million.

And the icing on the cake is that he says he's owed over $3 million for all his hard work.

To what are you referencing?

Wow

$PBSOQ DD Notes ~ http://www.ddnotesmaker.com/PBSOQ

bullish

$PBSOQ recent news/filings

## source: finance.yahoo.com

no recent news found
*********************************************************


$PBSOQ charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$PBSOQ company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/PBSOQ/company-info
Ticker: $PBSOQ
OTC Market Place: OTC Pink No Information
CIK code: 0000899166
Company name: Point Blank Solutions, Inc.
Company website: http://www.pointblanksolutionsinc.com
Incorporated In: DE, USA

Business Description: Point Blank Solutions, Inc. is a leader in the design and production oftechnologically advanced body armor systems for the U.S. Military, Government,and law enforcement agencies, as well as select international markets. TheCompany is also recognized as the largest producer of soft body armor in theU.S. With state-of-the-art manufacturing and laboratory testing facilities,strategic technology and marketing alliances, and with an ongoing commitmentto deliver innovative, lowest-cost, best value soft body armor products, PointBlank Solutions delivers the most advanced body armor solutions, faster andmore effectively than anyone in the industry. The Company maintainsfacilities in Pompano Beach, FL and Jacksboro, TN. To learn more about PointBlank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.Less >>


$PBSOQ share structure

## source: otcmarkets.com

Market Value: $21,565,573 a/o Dec 01, 2014
Shares Outstanding: 51,346,602 a/o Nov 14, 2008
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$PBSOQ extra dd links

Company name: Point Blank Solutions, Inc.
Company website: http://www.pointblanksolutionsinc.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=PBSOQ+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=PBSOQ+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=PBSOQ+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/news - http://finance.yahoo.com/q/h?s=PBSOQ+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/PBSOQ/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=PBSOQ+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/PBSOQ
DTCC (dtcc.com): http://search2.dtcc.com/?q=Point+Blank+Solutions%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Point+Blank+Solutions%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Point+Blank+Solutions%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.pointblanksolutionsinc.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.pointblanksolutionsinc.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.pointblanksolutionsinc.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/PBSOQ
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000899166&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=PBSOQ&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=PBSOQ
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=PBSOQ+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=PBSOQ+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=PBSOQ
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=PBSOQ
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=PBSOQ+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/PBSOQ/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=PBSOQ+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/PBSOQ.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=PBSOQ
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/PBSOQ
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/PBSOQ
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/PBSOQ:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=PBSOQ
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=PBSOQ



$PBSOQ DD Notes ~ http://www.ddnotesmaker.com/PBSOQ

Just wondering if anyone has any news on how the DHB restitution suit is progressing. Would appreciate an update if anyone knows anything. TIA

No minimum amount, just looking for big bites first to ease the process.

Not a material holder. I have under 100k shares. Let me know what you are thinking and if can be of help.

mrholty at Hotmail dot com

I opened a TDA account today. If any of you guys have substantial pbsoq holdings, reply or send me a PM.

Thanks

TDA was my Plan B.

Chuck will be my plan C at some point because investors are allowed to short OTC stocks. This would be handy for someone holding a security higher in the capital structure and equity gets diluted or cancelled in the reorganization.

You really have to watch the add-ons for stocks trading less than a dollar and fees at the other brokers promoting cheap commissions.

I haven't done anything about Fidelity yet. Resolution this year? Who knows. I'm still confident the judge will rule on the restitution issue pretty soon, then things ought to start moving.

Anybody see anything out there?

50k shares traded today at the ask ($.28) and there was a 10k at the same price yesterday. Yes its still small total dollars but there has been some buying demand.

Better than the 275k that went off at $.185 in early Sep.

Did you ever end up doing anything? I haven't but I need to get more variable.

I'm thinking about IB (Interactive Brokers) but I like Fido for ease of use. But if I can't buy more I'll be upset.

Am I reading the appeal on the 12th correct? I read it as justification for PBSOQ to be eligible for restitution just making it tougher to draw where the line is? That is their argument. Seems weak to me.

Do you think we get resolution this year?

I tried to put in a bid of just a 1k shares at.19 to see if I could get it filled as there was a trade that went off at .18. Got notice to call fido. Spent a while on phone with 3 reps including a trading rep. Said only sell no buys. Had a list of pinks.

I'll probably move not sure to whom.

Interesting. I use Fidelity and if they are going to limit what I can buy then I'll be looking for another broker. How did you find out?

I've learned that Fidelity isn't allowing any more buying of PBSOQ only selling.

Its on a list on pinks that they want to get out of the business from.

Thanks. I often to forget that.

I know you love it when businesses screw over their shareholders. Have you ever looked at WGCBP? Its coming to a conclusion but the balls by Goldman in this have been huge.

You'll get your chance. There were several references to a settlement in the last round of fee applications filed by McKenna and Long, and those billings involved activities for last month. Gettin closer.

"07/29/14 N. Grunberg .90 REVIEW OF PROPOSED SETTLEMENT AGREEMENT."

$PBSOQ recent news/filings

bullish

## source: finance.yahoo.com

no recent news found
*********************************************************


$PBSOQ charts

basic chart ## source: stockcharts.com



basic chart ## source: eoddata.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$PBSOQ company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/PBSOQ/company-info
Ticker: $PBSOQ
OTC Market Place: OTC Pink No Information
CIK code: 0000899166
Company name: Point Blank Solutions, Inc.
Company website: http://www.pointblanksolutionsinc.com
Incorporated In: DE, USA

Business Description: Point Blank Solutions, Inc. is a leader in the design and production oftechnologically advanced body armor systems for the U.S. Military, Government,and law enforcement agencies, as well as select international markets. TheCompany is also recognized as the largest producer of soft body armor in theU.S. With state-of-the-art manufacturing and laboratory testing facilities,strategic technology and marketing alliances, and with an ongoing commitmentto deliver innovative, lowest-cost, best value soft body armor products, PointBlank Solutions delivers the most advanced body armor solutions, faster andmore effectively than anyone in the industry. The Company maintainsfacilities in Pompano Beach, FL and Jacksboro, TN. To learn more about PointBlank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.Less >>


$PBSOQ share structure

## source: otcmarkets.com

Market Value: $15,403,981 a/o Aug 19, 2014
Shares Outstanding: 51,346,602 a/o Nov 14, 2008
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$PBSOQ extra dd links

Company name: Point Blank Solutions, Inc.
Company website: http://www.pointblanksolutionsinc.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=PBSOQ+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=PBSOQ+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=PBSOQ+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/news - http://finance.yahoo.com/q/h?s=PBSOQ+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/PBSOQ/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=PBSOQ+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/PBSOQ
DTCC (dtcc.com): http://search2.dtcc.com/?q=Point+Blank+Solutions%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Point+Blank+Solutions%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Point+Blank+Solutions%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.pointblanksolutionsinc.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.pointblanksolutionsinc.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.pointblanksolutionsinc.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/PBSOQ
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000899166&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=PBSOQ&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=PBSOQ
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=PBSOQ+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=PBSOQ+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=PBSOQ
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=PBSOQ
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=PBSOQ+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/PBSOQ/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=PBSOQ+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/PBSOQ.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=PBSOQ
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/PBSOQ/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/PBSOQ/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/PBSOQ
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/PBSOQ
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/PBSOQ:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=PBSOQ
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=PBSOQ



$PBSOQ DD Notes ~ http://www.ddnotesmaker.com/PBSOQ

Thanks for the note to check it.

I wish I would have been the person who sold the shares to the order at $.40- $.45 on friday. never use market orders...

Government's response on the docket. As I thought. You know Brooks' attorneys are grasping when a pissant like me can see what they are doing.

Agreed. I simply don't understand what is taking so long.

And the reason why she needs to get on with it is because the lawyers on all sides have let their egos overrun their asses for far too long.

The judge wanted a GS so she wouldn't have to deal with it but as you can see, we don't have squat.

No I don't have a copy of it, but supposedly the judge said that the restitution portion will go forward regardless of the recusal motion appeal.

She needs to get on with it.

I had pulled the Wellpoint but didn't get to read it in full last night. Will try today at lunch.

There is zero chance, imo, that Brooks will see a dime back of whatever has been confiscated at this point, but for the life of me I can not figure out why this dipsh!t can't see the obvious and make nice with the victims with a GS and try to get a couple years off his sentence.

I think its his hubris. When he was CEO he was God and clearly no one told him no, ever. I think its a bit of both between his arrogance and his lawyers milking him.

Do you have a copy of the transcript? I wonder if there is anything intereting in there?

My thoughts on 1829 is that Brooks' super duper lawyers are throwing spit balls hoping something will stick.

If that's the best they got, they're in deep sh!t.

They think it's so great, they even attached a copy of the Wellcare case. If you read that case, the glaring difference between that case and PBSOQ is that in the Wellcare case, the company made an admission that it participated in the commission of the crimes, albeit they were not charged as co-conspirators at the time of restitution portion of sentencing for whatever executive did the crime.

That is not the case here. Thus, the Wellcare case is not on point. It's crap. It's the last hail mary to try to avoid any restitution what-so-ever. Ain't happening. Brooks is about to get smoked.

I also think that Brooks' lawyers are feeding him a bunch of bs and are gonna clean his ass out the best they can. I actually thought Brooks was a little smarter than that, but obviously I was wrong.

There is zero chance, imo, that Brooks will see a dime back of whatever has been confiscated at this point, but for the life of me I can not figure out why this dipsh!t can't see the obvious and make nice with the victims with a GS and try to get a couple years off his sentence.

I have no idea if anyone is still even watching this.

Any thoughts on Docket #1829. If true it makes a case against PBSOQ. Love to hear your thoughts...

Also, how does one get a copy of the transcript 1826? My calls to the number provided have gone unanswered and unreturned.

Yesterday it looked like they wanted to sell. I was referencing on Wednesday. Somebody picked up 47k shares @ $.27.

Just check on this once in a while.

Think equity gets something?

Looks like someone wanted to sell....I don't even want to look at my account on these days.

I think we'll be seeing some action in the next couple of months.

BTW, thanks for this reply from a while back.

Seems like someone wanted to buy 50k shares today. Not sure why. Nothing that I see in PACER but then again I only looked at the criminal case and the PBSOQ bankruptcy docket.

Think we see any resolution by the end of 2014?

Will PBSOQ ever get back to it's glory days?

I don't know if those firms still have any or not. Since their plan to divert any litigation proceeds to their coffers went down the toilet, I doubt they have as much incentive to stay around.

I guess Mr Brooks doesn't have anything else to do but continue to get duped by his lawyers...I thought he was smarter than that. With all the drivel they've filed in all the courts, they must have convinced their client he will somehow miraculously avoid any restitution relying on an Alan Dershowitz hail mary. Good luck with that. Even if he doesn't lose every bit of the seized funds via the criminal avenue, the civil side of this amounts to a second bite of the apple which will undoubtedly take what remains and then some.

So in the meantime, I guess we'll have to sit here and watch David Brooks throw another 10-20 million down the drain in legal fees to reach the same inevitable outcome.

If he was as intelligent as I thought he was, he'd cut a deal with his ex to get the GS done. IMO, the tea leaves point to the government not agreeing with his ex over the claims she's filed against the seized assets.

Even if the criminal conviction was throw out, he will still have to give back any equity based compensation from his insider trading in the civil action. That alone would put his minimum out of pocket somewhere in the range of 170ish million, whilst the maximum range of liability via restitution and forfeiture is in the range of 270ish million.

I would note that the civil side has a cap, whilst the criminal side doesn't. This is something his lawyers never acknowledge in their filings. I believe the general consensus, taking into consideration the Mandatory Victims Restitution Act, is that if all the seized assets are distributed as restitution and forfeiture, then the civil liability is moot.

All IMO and based upon the public record...and a large Pacer bill.

Wall-

Do you have any idea of who still owns shares in this?

I'd assume that most of retail sold when they went BK. I'm wondering if any of the original firms who wanted this a few years back is still in or do you think they sold out. I'd guess they still hold some but not as much.

I wonder when our great national nightmare will be over?

The court proceedings are at a standstill awaiting a ruling by another judge as to the question of whether or not David Brooks waived his right to ask for the recusal of Judge Seybert. Somebody dropped the ball along the way because that old senile fool Cohen was allowed to sit in the last global settlement conference....in which he apparently tried to throw a turd in the punch bowl because it didn't suit his own pecuniary interests. Settlement discussions have since ceased. And the equity committee is AWOL.

Is anybody still following this thing? Just curious if someone knows where the court proceedings are at right now.

Any explanation to the high volume? I am brand new to this site, which I have just finished reading some of the posts. The information and insight is impressive to say the least. While I have been the unlucky holder of shares in this company, I have not really followed it over the past couple of years, except periodically.
I have been watching since the New Year and the volume has gone crazy. Anyone able to offer some suggestions? Thanks ahead for any thoughts. Profcarley

I think everybody is upside down at this point and the consensus was that a global settlement would have happened by now. You may be able to buy some claims from the claims traders, as they are probably re-thinking their buys.

I've got some PINES, but not enough to matter. The equity is still being traded at a premium and I'll wait to see what the conversion looks like on the other side of confirmation. I'm sure you remember Lightspeed buying all of that Dynegy stock and then taking and maintaining a 50% haircut when the Plan became effective. The newco stock is trading around $22 and it has to get to 40 something to break even. No thanks.

Thanks for that.

Something I have been thinking about. In both the Lehman and what I understand of the Madoff repayment investors are getting any assets returned to them before the governemnt takes a cut for forfeiture.

Why wouldn't the government do the same here? In theory the IRS already collected taxes on gains that shouldn't have existed. Shouldn't the determination of restitution (at whatever $ are determined) be paid out first and then anything left over go to forfeiture to the USG.