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hey Buddy . We won't be so lonely in this board once we get on the BIG BOARD. Damn well right we get past 1000%.
PTSXQ JUST THE START HERE 1000% from HERE !!!
RELISTING TO BIG BOARDS WITH 24$ million in Income and nearly 300 employees and growing!!!
LETS SEE A BREAK ON 10 NOW!!! THIS IS SO THIN!!!
MAY see .20 today, its time, the chase here will be wild!!!
$1.00 PLUS AND RELISTED ON BIG BOARDS
Getting the reorg plan filed and hopefully approved would be a good first step. May 8th is the due date for filing it.
Hopefully. Seems they have some changes to make before righting this ship..
Review from former employee..in which there are many.
Pros
Co workers are very friendly
Cons
My advice would be to apply elsewhere. This company is very poorly managed, and is in bad financial shape (I have been told by current employees that they have used layoffs in large numbers over the past many months in order to try to stem bleeding since having bought Modern Video Film).. At one time this company had many facilities in New York, Chicago, Dallas, San Francisco, and NUMEROUS in Los Angeles. Although the industry has its own problems (shrinking wages, main companies taking post work 'in house', etc.) that has caused the company to shrink, Point.360's management and financial decision making has made the company's circumstances MUCH worse than they need to be - currently it appears they are in a bad shape, with employees looking to jump ship. Whatever terrible financial moves Point.360 makes, they end up sticking it to employees in order to sweep bad financial moves under the rug - this usually happens by outright layoffs and another favorite, paycuts, Over the years they have made massive money pit decisions like creating a dead end spin off business (Movie Q) which is essence an attempt to recreate the market that companies like Red Box had already well cornered. Another was the pricey purchase of building on Vine in Hollywood than languished for years before finally selling it off 'as is', not even using it to generate revenue. Those are just a couple VERY costly examples, and there are more.
As for the management, there is a VERY weird dynamic between facilities - apparently acting as 'one company', however, when you look closer, each facility's GM's are locked into a sort of constant skirmish with each other. Not the most productive tone to set, and this coming from the people who should be settling an example for the employees. Sales team is completely inept, often undercharging jobs so low that, taken as a whole, the company looses money, without any ability to bring much new quality revenue in.
This is just the Point.360 way, and many employees have joked that this is where the name comes from- a company jut running in circles, with enough key people placed and maintainged (due to company politics, that the company will just go nowhere. In fact, over the years, its been failing, not even just 'maintaining'.
Lately the CFO even stepped down - surely not a sign of a healthy, growing, functioning company. Not to mention all of the people who have left or been laid off since th latest financial misstep - purchasing Modern Video Film!! I think the company has had its largest number of layoffs since that has happened.
So, yes, just be warned. If you DO apply, and are hired, they will likely lowball you with an offer, and raises / bonuses are completely nonexistant - at this point it seems they are in 'slash and burn' mode in order to try to keep the company going. They favor paycuts to employees before any form of raise. Many of these things I hear from current employees.
Show Less
Advice to Management
I have no advice as the 'management' structure has a very 'set' dynamic, with key problem people kept in lace through company politics. Nothing will change from what I described abve.
Very interesting. Sounds like a company that is confident in the reorganization.
GlobeNewswire | Symbol: PTSX
Point 360 New Hire
Point 360 Senior Colorist Charlie Tucker
Point 360 Senior Colorist Charlie Tucker
Burbank, California, April 25, 2018 (GLOBE NEWSWIRE) -- Senior Colorist Charlie Tucker has joined the burgeoning creative team at Point.360 in Burbank. Originally hailing from the UK, Charlie comes to Point 360 by way of Technicolor with more than 20 years of experience as a senior colorist. Charlie’s credits include such notable shows as The Vampire Diaries and The Originals on CW, Wet Hot American Summer and A Futile & Stupid Gesture on Netflix, as well as Amazon’s Lore. Charlie also just completed YouTube Red’s highly anticipated show Cobra Kai.
In joining Point 360 Charlie reteams with Jason Kavner, who took the helm as Senior Vice President of Episodic Sales in 2017. Jason has been instrumental in bolstering the episodic post-production offering from the Burbank-based Point 360.
Charlie will be joining Senior Colorist Aidan Stanford, whose recent credits include the Academy Award-winning feature Get Out and the box office hit Happy Death Day. Aidan’s recent episodic work includes the critically acclaimed FX series You’re the Worst and ABC’s Fresh Off the Boat.
“Charlie brings talent, a sense of humor, and technical expertise to our growing post-production offering. Commitment to the client and the client’s vision is our goal, and Charlie fits that dynamic perfectly. We are thrilled to have him on our team,” says Point 360 Executive Vice President Dave Weathers.
When prodded to sum up his feelings regarding joining Point 360, Charlie beamed and said…
“I am chuffed to bits to now be part of and call Point 360 my home. It is a bloody lovely facility that has a welcoming, collaborative feel which is refreshing to find within this pressure cooker we call Hollywood. The team I am privileged to join is a brilliant, talented, and very experienced group of industry professionals who truly enjoy what they do, and I know my clients will love my new colouring bay and the creative vibe that Point 360 has created.”
http://stockwolf.com/stock-news/10127-Colorist-Charlie-Tucker-Joins-Point-360
$1.00 Plus when the q drops in 90 days. This was a Chapter 11 not as 7 so all the commons lose nothing.
News out!!! Adding More Talent STAFF!!!
the Q WILL DROP
PTSXQ NEWS:
http://www.4-traders.com/POINT-360-19344068/
Point : Point.360
04/10/2018 | 12:00am EDT
Point.360 Extension Approved -- The U.S. Bankruptcy Court approved Point.360's motion for an order extending the plan/disclosure statement filing deadline from April 1, 2018 to May 8, 2018. As previously reported, "The Debtor intends to seek approval of a disclosure statement and confirmation of a plan of reorganization that will be designed to pay allowed claims and interests. The Debtor intends to utilize the proceeds of its business plan to allocate pro rata payments to its unsecured creditors, after paying priority and administrative claims in full. The Debtor intends to propose a disclosure statement and plan of reorganization based on appropriate projections with respect to its anticipated revenues over the course of the next three to five years. Debtor's current plan and disclosure statement filing deadline set at the December 14, 2017 case status hearing is April 1, 2018, subject to extension for cause shown. Debtor now requires an extension of the current plan and disclosure statement filing deadline based on three (3) material matters that remain incomplete at this time. The requested plan and disclosure statement filing extension will reconcile the plan filing deadline with the May 8, 2018 exclusivity expiration and allow the pending plan development matters to be brought before the Court.... Debtor is working to complete its Empire settlement toward eliminating a $1 million claim in the estate. A claim of that magnitude impacts overall plan distributions and plan structuring. Debtor believes that completing and proposing the Empire settlement for Court approval before filing its plan will avoid unnecessary plan amendments in due course."
© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals
Point : Point.360
03/27/2018 | 12:00am EDT
Point.360 Committee Appointed -- The U.S. Trustee assigned to the Point.360 case appointed an official committee of unsecured creditors. The following members will serve on the committee: Eric Johnson of Media Storage Group, Jeremy Stewart of Sub- Techs and Bobby Zahabizadeh of Messengers.
© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals
Point 360 : Financial Reports - Point.360
03/18/2018 | 11:00pm EDT
Point.360 M.O.R. Filed -- Point.360 filed with the U.S. Bankruptcy Court a monthly operating report for February 2018. For the month, the Debtors reported a net loss of $383,863 on $1.8 million net sales and $798,449 in total operating expenses. Debtors' cash at the beginning of February 2018 was $367,481 and $205,653 at the end of month, with cash disbursements of $10.8 million on $11.2 million in cash receipts during the month.
© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals
Point : Point.360
03/11/2018 | 11:00pm EDT
Point.360 Extension Sought -- Point.360 filed with the U.S. Bankruptcy Court a motion for an order extending the plan and disclosure statement filing deadline from April 1, 2018 to May 8, 2018. The motion states, "The Debtor intends to seek approval of a disclosure statement and confirmation of a plan of reorganization that will be designed to pay allowed claims and interests. The Debtor intends to utilize the proceeds of its business plan to allocate pro rata payments to its unsecured creditors, after paying priority and administrative claims in full. The Debtor intends to propose a disclosure statement and plan of reorganization based on appropriate projections with respect to its anticipated revenues over the course of the next three to five years. Debtor's current plan and disclosure statement filing deadline set at the December 14, 2017 case status hearing is April 1, 2018, subject to extension for cause shown. Debtor now requires an extension of the current plan and disclosure statement filing deadline based on three (3) material matters that remain incomplete at this time. The requested plan and disclosure statement filing extension will reconcile the plan filing deadline with the May 8, 2018 exclusivity expiration and allow the pending plan development matters to be brought before the Court...Debtor is working to complete its Empire settlement toward eliminating a $1 million claim in the estate. A claim of that magnitude impacts overall plan distributions and plan structuring. Debtor believes that completing and proposing the Empire settlement for Court approval before filing its plan will avoid unnecessary plan amendments in due course."
© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals
Point 360 : Financial Reports - Point.360
Point.360 M.O.R. Filed -- Point.360 filed with the U.S. Bankruptcy Court a monthly operating report for January 2018. For the month, the Debtors reported an $80,439 net loss on $2.6 million net sales and $1.2 million in total operating expenses. Debtors' cash at the beginning of January 2018 was $386,831 and $367,481 at the end of month, with cash disbursements of $4.4 million on $4.3 million in cash receipts during the month.
© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals
you damn bloody well right. it's coming back ...past $1.
Seems like we r the only ones screming in the desert . oh well , 1000% is imminent .too bd many ihub readers r missing it
ANYONE INTERESTED IN A SUPER DEAL....THIS IS IT!!! ptsxq
PTSXQ IS HAS $24,000,000 IS ANNUAL REVENUE, 278 EMPLOYEES, IS A NETFLIX PREFERRED PROVIDER AND WAS BIG BOARD LISTED AND WILL BE AGAIN SOON.
PTSXQ IS ALSO HIRING NEW EMPLOYEES CURRENTLY WHICH IS A GREAT SIGN.
After .0995 and .0997 very thin, the buying starts soon and there is very few shares
PTSX (Q) will be $1.00 plus after the Bankruptcy. Look at the price just after the DIP financing was approved at $.40. This will get re-uplisted to the big boards like UPL did.
PTSXQ is nearing completion of its re-organization. 1000% Gainer Right here. Do you research and then if you want in now is it!!!
This is a Chapter 11 not 13 so commons are not affected!!!
Latest NEWS: May 8th 2018 Deadline...Then this rocket ship lauches.
Here is the link for up to date news. http://www.4-traders.com/POINT-360-19344068/
04/10/2018 | 12:00am EDT
Point.360 Extension Approved -- The U.S. Bankruptcy Court approved Point.360's motion for an order extending the plan/disclosure statement filing deadline from April 1, 2018 to May 8, 2018. As previously reported, "The Debtor intends to seek approval of a disclosure statement and confirmation of a plan of reorganization that will be designed to pay allowed claims and interests. The Debtor intends to utilize the proceeds of its business plan to allocate pro rata payments to its unsecured creditors, after paying priority and administrative claims in full. The Debtor intends to propose a disclosure statement and plan of reorganization based on appropriate projections with respect to its anticipated revenues over the course of the next three to five years. Debtor's current plan and disclosure statement filing deadline set at the December 14, 2017 case status hearing is April 1, 2018, subject to extension for cause shown. Debtor now requires an extension of the current plan and disclosure statement filing deadline based on three (3) material matters that remain incomplete at this time. The requested plan and disclosure statement filing extension will reconcile the plan filing deadline with the May 8, 2018 exclusivity expiration and allow the pending plan development matters to be brought before the Court.... Debtor is working to complete its Empire settlement toward eliminating a $1 million claim in the estate. A claim of that magnitude impacts overall plan distributions and plan structuring. Debtor believes that completing and proposing the Empire settlement for Court approval before filing its plan will avoid unnecessary plan amendments in due course."
© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals
Tuesday, April 17, 2018
Monthly Operating Report Tue 11:32 AM
Monthly Operating Report. Operating Report Number: 6. For the Month Ending March 2018 Filed by Debtor Point.360, a California Corporation. (Landau, Lewis)
Friday, April 13, 2018
Employ (BNC-PDF) Fri 2:10 PM
Order Granting Application to Employ Holthouse Carlin & Van Trigt LLP as Accountant (BNC-PDF) Related [+] Signed on 4/13/2018. (Kaaumoana, William)
Examination (BNC-PDF) Fri 12:56 PM
Order Granting Motion for 2004 Examination (PDF-BNC) Related [+] Signed on 4/13/2018 (Kaaumoana, William)
Thursday, April 12, 2018
Statement Thu 10:37 AM
Statement; TroyGould, PC Professional Fee Statement #2 with Proof of Service Filed by Debtor Point.360, a California Corporation. (Landau, Lewis)
Notice of Lodgment Thu 10:30 AM
Notice of lodgment Revised Order with Proof of Service Filed by Debtor Point.360, a California Corporation Related [+]. (Landau, Lewis)
Monday, April 09, 2018
Order on Motion to Extend Time (Generic) (BNC-PDF) Mon 6:32 PM
Order Granting Motion for Extension of Plan and Disclosure Statement Filing Deadline to May 8, 2018 (BNC-PDF) Related [+] Signed on 4/9/2018 (Kaaumoana, William)
Looks like they got an accountant approved, and the exit plan by may 8th
https://www.pacermonitor.com/case/22691766/Point360,_a_California_Corporation
Netflix in the hunt for French film studio
French publication Les Echos reports that Netflix (NASDAQ:NFLX) is close to striking a deal to acquire the EuropaCorp movie studio.
Sources say a deal could be announced within weeks.
EuropaCorp also produces TV series in addition to its status as a leading movie studio in France.
EuropaCorp closed down 12.27% in Paris today. Neflix is down another 0.27% in U.S. trading after two days of selling pressure.
Bodes well for PTSXQ.
Hey Oui! the Q will be dropped! in the not so distant future. MARK MY WORD!
In the meantime take look @ PQEFF for monster profit : game changer.
JUST DO THE DD , YOU WILL SEE!
woow...that's huge...thanks.
PTSXQ
le Pere de David, decollage du Fuse
revenir .75 centimes . Attachez vos ceintures
UNCATEGORIZED
Point.360 (PTSX:PINX): Analytics, Extensive Financial Metrics, and Benchmarks Against Averages and Top Companies Within its Industry
March 6, 2018 - by Sebastian Daszynski
The company report has been published today. It provides updated in 2018 year analysis of the company overview, key facts, major products and services, financial ratios, key competitors, financial analysis, key employees as well as company locations and subsidiaries.
Point.360 (PTSX:PINX): Analytics, Extensive Financial Metrics, and Benchmarks Against Averages and Top Companies Within its Industry
Key Findings
Unique new report provides deep financial benchmarks for (Point.360 (PTSX:PINX) compared to its top competitors and compared to the average for all companies within its primary industry.
Benchmarking study for (Point.360) includes growth forecast for its primary industry to the year 2024.
The purpose of this report is to provide vital corporate-specific benchmarks, comparing the Subject Company to its top competitors (on a company-by-company basis) and to the averages within its primary industry for all key metrics.
This is a unique report containing high-value data. The report begins with a superb overview of the primary industry of the Subject Company, including historical industry revenues, revenue forecasts and CAGR. Then the report moves into industry averages and metrics, then into data specific to the Subject Company, with comparative data for the Subject Company's top competitors.
This report will save countless hours of research and analytical work for the end user.
Core Benefits to the Customer
1) Comprehensive benchmarks for the Subject Company:
a. Benchmarked against the leading firms in its primary industry
b. Benchmarked against the average for publicly-held companies (U.S.) in its industry
c. This includes financial results, ratios, vital statistics and metrics in one package, including historical and current metrics and averages for 6 years within its primary industry.
2) A snapshot overview of the company's primary industry, including current and historic revenues and employment, along with a long term forecast for industry growth, with CAGR (compound annual growth rate), employee population and much more.
3) Detailed rankings of the Subject Company against top companies within the industry (U.S.-based firms) for key items including:
a. Approximate market capitalization
b. Employees
c. Revenues
d. Net income
e. 3-Year revenue growth (%)
f. 3-Year income growth (%)
g. Return on assets (%)
h. Return on equity (%)
i. Return on invested capital (%)
4) Leading companies – Profiles of the Subject Company as well as profiles of top competitors within the industry
Pages: 62
Statistical Tables Provided: 28
Charts Provided: 14
Geographic: US
This report is part of the Corporate Benchmarks series. The publishing team have unique capabilities for creating corporate and industry information, due to the industry and company research that we have been conducting for more than 20 years. Their access to hundreds of industry tables from their own databases, along with their databases of public and private company information, industry trends analysis and other resources, have been utilized in preparing this report. Similar reports are available for all significant, U.S. publicly-held firms.
Designed to Benefit
Analysis and Financial Modeling
Investment Professionals
Lenders
M&A Advisors
Appraisers
Consultants
'The publisher has built a solid reputation providing industry analysis and research in a diverse spectrum of areas-energy and utilities, finance and investment, health care and biotechnology, and engineering and research to name a few.' – American Reference Books Annual
Companies Profiled
Twenty-First Century Fox Inc (21st Century Fox)
Warner Bros Entertainment Inc
Walt Disney Studios (The)
Sony Pictures Entertainment Inc
Fox Filmed Entertainment
Universal Pictures
Sony Music Entertainment Inc
Universal Music Group Inc
Pixar Animation Studios
Warner Music Group Corp
Any thoughts about that? TIA
Bankruptcy court request to hire Accounting Firm 02/27/2018
https://www.hcvt.com
EUROFINS, see who they are:
https://www.businesswire.com/news/home/20170829006267/en/Eurofins-Reports-Solid-H1-2017-Results-15.6
Eurofins Reports Solid H1 2017 Results with 15.6% Revenue Growth on the Back of an Organic Growth of about 6% and over 35 Acquisitions Signed Year-to-Date Representing over EUR 300M Pro Forma Annual Revenues
PTSXQ movements in the sector...see this.
PTSXQ is a PREFERRED VENDOR for NETFLIX as you know. Check out Netflix web:
https://npv.netflix.com/us-canada
You can see that MyEye Media is also a preferred vendor.
O.K., now see this...they have been just acquired by EUROFINS...I guess someone is looking closely at us.
http://myeyemedia.com/news/
Amended Statement of Beneficial Ownership (sc 13d/a)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON , D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 3 )
Point.360
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
730507 100
(CUSIP Number)
Haig S. Bagerdjian
2701 Media Center Drive
Los Angeles, CA 90065
(818) 565-1400
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 11, 2018
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ?
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1
CUSIP NO. 730507 100
1.
Name of Reporting Person
Haig S. Bagerdjian
I.R.S. Identification No. of above person (entities only)
Not applicable
2.
Check the Appropriate Box if a Member of a Group.
(a) ?
(b) ?
3.
SEC Use Only
4.
Source of Funds
PF
5.
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). ?
6.
Citizenship or Place of Organization
United States
Number of Shares
Beneficially Owned
7.
Sole Voting Power
6,898 ,537 shares (1 )
by Each Reporting
Person With
8.
Shared Voting Power
0 shares
9.
Sole Dispositive Power
6,898,537 shares (1 )
10.
Shared Dispositive Power
0 shares
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
6,898,537 shares ( 1 ) ( 2 )
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares. ?
13.
Percent of Class Represented by Amount in Row (11)
5 3.3%
14.
Type of Reporting Person
IN
(1) Includes, in addition to 6,688,537 shares owned of record by Mr. Bagerdjian, 210,000 shares underlying vested stock options granted to Mr. Bagerdjian.
(2) Based upon 12,740,506 shares of the Common Stock of Point.360 outstanding as of February 11, 2018.
2
Item 1. Security and Issuer
This Amendment No. 23 to Schedule 13D relates to the common stock, no par value (the “ Common Stock ”), of Point.360, a California corporation (the “ Company ”), the principal executive offices of which are located at 2701 Media Center Drive, Los Angeles, CA 90065.
Item 2. Identity and Background
(a) This Schedule 13D is filed by Haig S. Bagerdjian.
(b) The principal business address of Mr. Bagerdjian is 2701 Media Center Drive, Los Angeles, CA 90065
(c) Mr. Bagerdjian's principal occupation is Chairman, President and Chief Executive Officer of the Company. The Company is principally engaged in servicing the post-production needs of entertainment studios, corporations, and independent producers. The Company's address is 2701 Media Center Drive, Los Angeles, CA 90065.
(d) and (e) During the last five years, Mr. Bagerdjian (i) has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and (ii) has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Mr. Bagerdjian is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The information contained in Item 4 is incorporated by reference into this Item 3.
Item 4. Purpose of the Transaction
In February 2018, options to purchase 52,500 shares of Common Stock subject to stock option agreements between Mr. Bagerdjian and the Company became vested and beneficially owned, and 400,000 shares of Common Stock subject to stock option agreements between Mr. Bagerdjian and the Company expired, decreasing Mr. Bagerdjian’s ownership of vested options from 530,000 to 210,000.
Depending upon market conditions and other factors that Mr. Bagerdjian deems material, after the date of this Schedule 13D, (i) Mr. Bagerdjian may purchase additional shares of Common Stock or other securities of the Company in the open market, in private transactions or from the Company, or may dispose of all or a portion of the shares of Common Stock or other securities of the Company that he now owns or hereafter may acquire, and (ii) Mr. Bagerdjian may develop plans respecting, or propose changes in, the management, composition of the board of directors, policies, operations, capital structure or business of the Company, including a possible future sale of the Company. Mr. Bagerdjian does not have any present plans or proposals that relate to, or that would result in, any of the events described in paragraphs (a) to (j) of Item 4 of the Schedule 13D instructions. Mr. Bagerdjian reserves the right to formulate plans or make proposals, and take such actions with respect to his investment in the Company, including any or all of the items specified in paragraphs (a) to (j) of Item 4 of the Schedule 13D instructions and any other actions as he may determine.
3
Item 5. Interest in Securities of the Issuer
The disclosures in Item 4 above are incorporated by reference into this Item 5.
Mr. Bagerdjian is the beneficial owner of 6,898,537 shares of Common Stock, constituting 53.3% of such class. Of such shares, (A) 6,688,537 shares are owned of record by Mr. Bagerdjian, who has sole power to vote, direct the vote of, dispose of, and direct the disposition of, such shares; and (B) 210,000 shares may be purchased by Mr. Bagerdjian from the Company upon the exercise of vested stock options granted to Mr. Bagerdjian.
Except in connection with the shares described in Item 4 to this Schedule 13D, Mr. Bagerdjian has not effected any transactions in the Common Stock during the sixty days prior to the date of this Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The disclosures in Item 4 to Amendments No. 1 through 22 to this Schedule 13D are incorporated by reference into this Item 6.
Item 7. Material to be Filed as Exhibits
None
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
February 12, 2018
/s/ Haig S. Bagerdjian
HAIG S. BAGERDJIAN
PTSXQ WILL BE MAKE A HUGE REBOUND SOON!!! DEBT RESTRUCTURE GOING VERY WELL. THESE PRICES ARE SUPER CHEAP!!!
Yep...and O/S remains the same...;O)
(2) Based upon 12,740,506 shares of the Common Stock of Point.360 outstanding as of February 11, 2018.
PTSXQ waking up here maybe a 400% day!!!
New Filings out!!!
Mr. Bagerdjian is the beneficial owner of 6,898,537 shares of Common Stock, constituting 53.3% of such class. Of such shares, (A) 6,688,537 shares are owned of record by Mr. Bagerdjian, who has sole power to vote, direct the vote of, dispose of, and direct the disposition of, such shares; and (B) 210,000 shares may be purchased by Mr. Bagerdjian from the Company upon the exercise of vested stock options granted to Mr. Bagerdjian.
Super thin float here!!!
I'm guessing somebody is gonna buy this puppy...we'll see.
PTSXQ
Updates for case thru Tuesday, January 23, 2018
court Hearing Continued (Motion) Tue 1:27 PM
Hearing (Bk Motion) Continued Related [+] Hearing to be held on 05/10/2018 at 10:00 AM 255 E. Temple St. Courtroom 1375 Los Angeles, CA 90012 for15 , (Bryant, Sandra R.)
Monday, January 22, 2018
142
order X - Order (Generic)(BNC-PDF) Mon 3:16 PM
Order Advancing Scheduling and Case Management Conference from May 17, 2018 @ 10:00 A.M. to May 10, 2018 at 10:00 A.M. (BNC-PDF) Related [+] Signed on 1/22/2018 (Bryant, Sandra R.)
Friday, January 19, 2018
141
court BNC Certificate of Notice - PDF Document Fri 9:33 PM
BNC Certificate of Notice - PDF Document. Related [+] No. of Notices: 1. Notice Date 01/19/2018. (Admin.)
140
misc Errata Fri 10:06 AM
Errata : NEF List Inadvertently Omitted from Proof of Service Filed by Debtor Point.360, a California Corporation Related [+]. (Landau, Lewis)
139
motion Employ (motion) Fri 9:46 AM
Application to Employ Daniel P. Hogan, Attorney at Law as Special Litigation Counsel with Notice and Proof of Service Filed by Debtor Point.360, a California Corporation (Landau, Lewis)
138
motion Employ (motion) Fri 9:35 AM
Application to Employ GlassRatner Advisory & Consulting Group, LLC as Financial Consultant with Notice and Proof of Service Filed by Debtor Point.360, a California Corporation (Landau, Lewis)
Thursday, January 18, 2018
137
misc Declaration Thu 5:59 PM
Declaration re: Declaration of Ian C. Eisner in Support of Opposition to Debtor's Motion for Award of Attorney's Fees and Costs re DIP Financing Motion Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Exhibit A
Att: 2 Exhibit B
Att: 3 Exhibit C
Att: 4 Exhibit D
Att: 5 Exhibit E
Att: 6 Proof of Service
136
misc Declaration Thu 5:55 PM
Declaration re: Declaration of Peter Burton in Support of Opposition to Debtor's Motion for Award of Attorney's Fees and Costs re DIP Financing Motion Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Proof of Service
135
answer Opposition Thu 5:52 PM
Opposition to Related [+] Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP (Rawlins, Justin)
Att: 1 Proof of Service
134
misc Declaration Thu 5:32 PM
Declaration re: Declaration of Ian C. Eisner in Support of Limited Objection and Reservation of Rights to Debtor's Motion for Order Granting 90-Day Extension of Exclusivity Periods Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Exhibit A
Att: 2 Proof of Service
133
answer Objection Thu 5:28 PM
Objection Related [+] Limited Objection and Reservation of Rights to Debtor's Motion for Order Granting 90-Day Extension of Exclusivity Periods Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP (Rawlins, Justin)
Att: 1 Proof of Service
132
notice Notice Thu 5:18 PM
Notice Notice of Reservation of Rights Regarding Application for Interim Allowance of Compensation and Reimbursement of Out-Of-Pocket Expenses Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Proof of Service
Wednesday, January 17, 2018
131
order Stipulation and ORDER thereon (BNC-PDF) Wed 5:21 PM
Stipulated Order Correcting Order Approving Stipulation Re 90-Day Extension Of Deadline To Assume Or Reject Media Center Lease (BNC-PDF) Related [+] Signed on 1/17/2018 (Pennington-Jones, Patricia)
130
misc Notice of Lodgment Wed 4:11 PM
Notice of lodgment re Motion of Medley Capital Corporation and Medley Opportunity Fund II LP for Adequate Protection of Its Interests in Property Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Proposed Order
Att: 2 Proof of Service
129
misc Declaration Wed 4:08 PM
Declaration re: Supplemental Declaration of Ian C. Eisner in Support of Medley Capital Corporation and Medley Opportunity Fund II LP's Motion for Adequate Protection of Its Interests in Property Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Exhibit A
Att: 2 Exhibit B
Att: 3 Proof of Service
128
misc Declaration Wed 4:04 PM
Declaration re: Supplemental Declaration of Peter Burton in Support of Medley Capital Corporation and Medley Opportunity Fund II LP's Motion for Adequate Protection of Its Interests in Property Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Exhibit A
Att: 2 Exhibit B
Att: 3 Exhibit C
Att: 4 Exhibit D
Att: 5 Exhibit E
Att: 6 Exhibit F
Att: 7 Exhibit G
Att: 8 Exhibit H
Att: 9 Exhibit I
Att: 10 Proof of Service
127
notice Notice of Hearing Wed 3:50 PM
Notice of Hearing Notice of Further Hearing on Motion of Medley Capital Corporation and Medley Opportunity Fund II LP for Adequate Protection of Its Interests in Property Filed by Creditors Medley Capital Corporation, Medley Opportunity Fund II LP Related [+]. (Rawlins, Justin)
Att: 1 Proof of Service
Tuesday, January 16, 2018
126
misc Monthly Operating Report Tue 7:58 PM
Monthly Operating Report. Operating Report Number: 3. For the Month Ending December, 2017 Filed by Debtor Point.360, a California Corporation. (Landau, Lewis)
125
misc Notice of Lodgment Tue 2:03 PM
Notice of lodgment with Proof of Service Filed by Debtor Point.360, a California Corporation Related [+]. (Landau, Lewis)
124
motion Stipulation (motion) Tue 1:54 PM
Stipulation By Point.360, a California Corporation and LEAFS Properties, L.P. Correcting Order re 90-Day Extension of Deadline to Assume or Reject Media Center Lease with Proof of Service Filed by Debtor Point.360, a California Corporation (Landau, Lewis)
Looks like there is zero selling now, time to move bids up
California Central Bankruptcy Court Case 2:17-bk-22432 - Point.360, ...
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Case Information
Outline
Case Title: Point.360, a California Corporation
Court: California Central Bankruptcy Court (cacbke)
Chapter: 11
Judge: Julia W. Brand
Filed: 10/10/2017
Last Filing: 01/06/2018
Asset: No
Vol: v
Bankruptcy Statistical Summary
Assets: $1,000,001 to $10 million
Liabilities: $10,000,001 to $50 million
Industry: Motion Picture and Video Industries
Chapter 11 Type: The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and Exchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File the Attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11 (Official Form 201A) with this form.
Website: www.point360.com
Docket Header
PlnDue, DsclsDue
U.S. Bankruptcy Court
Central District of California (Los Angeles)
Bankruptcy Petition #: 2:17-bk-22432-WB
Assigned to: Julia W. Brand
Chapter 11
Voluntary
Asset
Claims Register
Date filed: 10/10/2017
341 meeting: 11/17/2017
Deadline for filing claims: 01/31/2018
Deadline for filing claims (govt.): 06/18/2018
Debtor
Point.360, a California Corporation
2701 Media Center Drive
Los Angeles, CA 90065
LOS ANGELES-CA
Tax ID / EIN: 01-0893376
dba DVDs on the Run, Inc.
dba Digital Film Labs
dba International Video Conversions, Inc.
dba Modern VideoFilm
dba Movie Q
dba Visual Sound Closed Captioning Services
dba Eden FX
represented by Lewis R Landau
22287 Mulholland Hwy., # 318
Calabasas, CA 91302
888-822-4340
Fax : 888-822-4340
Email: Lew@Landaunet.com
Andrea C Rosati
Fisch Spiegler Ginsburg & Jagolinzer
530 B Street Ste 1800
San Diego, CA 92101
619-234-1551
Fax : 619-234-1568
Email: andrea@fsgjlaw.com
TERMINATED: 12/12/2017
U.S. Trustee
United States Trustee (LA)
915 Wilshire Blvd, Suite 1850
Los Angeles, CA 90017
(213) 894-6811 represented by Alvin Mar
915 Wilshire Boulevard, Ste 1850
Los Angeles, CA 90017
213-894-4219
Fax : 213-894-2603
Email: alvin.mar@usdoj.gov
Latest Dockets
Date Filed # Docket Text
12/28/2017 105 BNC Certificate of Notice - PDF Document. (RE: related document(s) 101 Order on Motion to Borrow (BNC-PDF)) No. of Notices: 1. Notice Date 12/28/2017. (Admin.) (Entered: 12/28/2017)
12/28/2017 104 BNC Certificate of Notice - PDF Document. (RE: related document(s) 100 Order on Motion to Assume Lease or Executory Contract (BNC-PDF)) No. of Notices: 1. Notice Date 12/28/2017. (Admin.) (Entered: 12/28/2017)
12/28/2017 103 Opposition to (related document(s): 79 Motion for Adequate Protection / Motion of Medley Capital Corporation and Medley Opportunity Fund II LP for Adequate Protection of Its Interests in Property filed by Creditor Medley Capital Corporation, Creditor Medley Opportunity Fund II LP) with Proof of Service Filed by Debtor Point.360, a California Corporation (Landau, Lewis) (Entered: 12/28/2017)
12/28/2017 102 Response to (related document(s): 79 Motion for Adequate Protection / Motion of Medley Capital Corporation and Medley Opportunity Fund II LP for Adequate Protection of Its Interests in Property filed by Creditor Medley Capital Corporation, Creditor Medley Opportunity Fund II LP) Austin Financial's Limited Response to Medley Capital Corporation and Medley Opportunity Fund II LP's Motion for Adequate Protection Filed by Creditor Austin Financial Services, Inc. (Harvey, Brian) (Entered: 12/28/2017)
12/22/2017 101 Order On Motion for entry of Orders Approving Postpetition Financing and related Liens and Adequate Protection; Approving Cash Collateral Use and Related Liens AND Adequate Protection, and Granting Related Relief (BNC-PDF) (Related Doc # 55 ) Signed on 12/22/2017 (Bryant, Sandra R.) (Entered: 12/22/2017)
12/22/2017 100 Order Granting Motion To Assume Lease ADP, LLC Payroll Services Contract (BNC-PDF) (Related Doc # 36 ) Signed on 12/22/2017 (Tatum, Shafari) (Entered: 12/22/2017)
12/22/2017 99 Notice of Bar Date for Filing Proofs of Claim in a Chapter 11 ; Claims Bar Date: January 31, 2018 with Proof of Service Filed by Debtor Point.360, a California Corporation. (Landau, Lewis) (Entered: 12/22/2017)
12/21/2017 98 BNC Certificate of Notice - PDF Document. (RE: related document(s) 95 Order Setting Last Day To File Proofs of Claim (BNC-PDF)) No. of Notices: 1. Notice Date 12/21/2017. (Admin.) (Entered: 12/21/2017)
12/21/2017 97 BNC Certificate of Notice - PDF Document. (RE: related document(s) 94 Order on Generic Motion (BNC-PDF)) No. of Notices: 1. Notice Date 12/21/2017. (Admin.) (Entered: 12/21/2017)
12/21/2017 96 Exhibit Exhibits in Support of: Order on Motion for Entry of Orders (1) Approving Post-Petition Financing and Related Liens and Adequate Protection; (2) Approving Cash Colleral Use and Related Liens and Adequate Protection, and (3) Granting Related Relief Filed by Creditor Austin Financial Services, Inc. (RE: related document(s) 55 Motion to Borrow ; Notice of Motion and Motion for Orders: (1) Approving Post-Petition Financing and Related Liens and Adequate Protection; (2) Approving Cash Collateral Use and Related Liens and Adequate Protection; and (3) Granting Related Relief w, 89 Declaration, 90 Notice of Lodgment). (Attachments: # 1 Exhibit Part 2) (Brody, William) (Entered: 12/21/2017)
… … …
please post the filling link
Current Filing Point 360 won approval of one of the major leases to be assumed by ADP which is a huge win for PTSXQ!!!
AEXG will continue to drag this down until volume comes in which is very unlikely
The Company intends to use the filing to reorganize its capital structure and gain access to liquidity, reduce costs and liabilities, optimize its operations and locations to meet customer demands and create the most value for stakeholders.
The time to buy is now IMO!!!
image shorting 5 cents when it goes to a buck...lol ouch
Keep hanging out to investment chat rooms lol I would clown a little but after reading your posts and replies, I kinda feel bad for you.
The float here is so thin, and the CEO hold about 60% of the float
Once that financing was approved this will never go back as a huge reason for the re-organization was completed. with this financing a key part of the companies survival was just put in place.
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Point 360 is now a Netflix Preferred Vendor for Quality Control
Point.360 is pleased to announce that we have been selected as a Netflix Preferred Vendor for Quality Control. The honor of being awarded this distinction acknowledges our commitment in upholding the highest standards possible for our clients, as well as providing exceptional service. We have been producing master-level quality control to the broadcast, digital distribution, and film industries for many years, and we are proud that Netflix has chosen us to ensure the level of quality for which they are renowned.
Fully integrated digital media services to help you take your project from Camera to Customer
Point.360 (PTSX) provides the "gold standard" in digital media solutions. We combine award winning talent with state of the art technology to deliver the best product and customer experience available. We consistently deliver innovative digital media solutions to the theatrical, television, and restoration industries. Our superior talent and technology have attracted the industry's best directors and producers, making us one of the world's leading providers of creative services.
Click on a service in the list to the right to find out how we can help bring your vision to life.
Point.360 2701 Media Center Dr. Los Angeles, CA 90065
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