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Premium Laser Systems Inc (PLSIQ)

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Last Post: 1/13/2010 5:56:53 PM - Followers: 3 - Board type: Free - Posts Today: 0

someone is accumulating.. just took a starter at .01 from pinksheets: " Outstanding Shares: 18,288,835 as of 2001-11-13 Estimated Market Cap: Not Available Current Capital Change: Dividends: Company Notes: Note=3-00 company filed a under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division. Case No. SA00-12031RA. Plan of Reorganization effective 10-9-01: shareholders will receive any remaining cash & assets after creditors have been paid " September 28, 2000 " PREMIER LASER: SurgiLight to Purchase Ophthalmic Laser Division --------------------------------------------------------------- Premier Laser Systems, Inc. (OTC: PLSIQ) and SurgiLight, Inc. (OTC Bulletin Board: SRGL) announced that they have signed an agreement under which SurgiLight will acquire Premier's ophthalmic laser division. SurgiLight, based in Orlando, Florida, will acquire the intellectual property and inventory from Premier. Under the terms of the agreement, SurgiLight will close this transaction prior to the American Academy of Ophthalmology (AAO) in the third week of October. J.T. Lin, Ph. D., Chief Executive Officer of SurgiLight, said "We believe this is an extremely important milestone in the growth and development of our Company." Michael J. Quinn, President and Chief Executive Officer of Premier, said "We are pleased to be selling the ophthalmic laser technology and inventory to SurgiLight. The sale of the combined assets enables Premier to obtain optimum value for its stakeholders." The transaction between the parties is a culmination of a month long series of negotiations involving two separate suitors for control of Premier's ophthalmic laser division. The Magnum Group, Inc. of Tiburon, California, financial advisors to Premier, managed these negotiations. Randy McDonald, Managing Director for Magnum stated "We are confident that we have negotiated a deal that maximizes the asset value of Premier' ophthalmic lasers. In addition, we believe that SurgiLight will maximize these assets and immediately enter the market with this important technology." The transaction is subject to customary closing conditions, and approval by the bankruptcy court in which Premier's Chapter 11 case is pending. Premier had never formally commercialized Premier's ophthalmic laser product line. Premier was pursuing approvals to use the technology in the treatment of glaucoma and cataracts. " was about $1 when it went bk .. or at least that's what i gather from the chart below
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#37   or not.. that is from 2005 :( db7 01/13/10 05:56:53 PM
#36   hopefully we get some kind of cash recognition db7 01/13/10 05:55:34 PM
#35   still hope here.. plsiq doesn't trade anymore and db7 01/13/10 05:54:26 PM
#34   see page 20 for the start of things db7 01/13/10 05:53:39 PM
#33   hmm.. progress being made? http://www.ironwoodadvisory.com/news/HBS_Ironwood_Pr db7 01/13/10 05:52:20 PM
#32   http://www.sec.gov/litigation/suspensions/2008/34-57787.pdf db7 05/07/08 01:45:26 PM
#31   not sure why it's been suspended.."Primary Venue: Pink db7 05/07/08 09:38:59 AM
#30   PLS Liquidating LLC db7 02/25/08 11:55:27 AM
#29   President & CEO db7 02/20/08 03:14:29 PM
#28   Hi Lurker, db7 07/19/07 08:08:15 AM
#27   When will the final court verdict be out? THE LURKER 07/18/07 08:00:14 PM
#26   .002 x .003 again.. still holding all my db7 07/18/07 03:22:08 PM
#25   it's actually more positive in my eyes than db7 06/20/07 11:09:27 AM
#24   Oh well, it was a long shot anyway. EdF 06/20/07 11:08:21 AM
#23   i found out who's handling our case db7 06/20/07 11:06:43 AM
#22   added some mo db7 06/12/07 11:04:21 AM
#21   200 @ .002 bid.. .plsiq.. u just wait db7 06/07/07 03:33:41 PM
#20   closed at .0037 yesterday... wow.. on watch to db7 05/30/07 09:26:49 AM
#19   Someone hit that ask hard...nice. eom EdF 05/22/07 02:43:56 PM
#18   I figured that was you ;-) EdF 05/22/07 01:22:24 PM
#17   added some .0061's db7 05/22/07 01:18:00 PM
#16   lol db7 05/22/07 01:05:25 PM
#15   I think I heard it used once in EdF 05/22/07 01:03:55 PM
#14   yep... i'm watching NITE as he was the db7 05/22/07 01:00:03 PM
#13   Hadn't even noticed the drop....looks like it was EdF 05/22/07 12:56:35 PM
#12   .006 x .007...i'm on bid to add db7 05/22/07 12:53:19 PM
#11   she seems very thin Ed.. db7 05/17/07 11:13:17 AM
#10   months before going bankrupt.. it looks like marketcap db7 05/17/07 10:15:32 AM
#9   agreed! g/l! db7 05/17/07 10:07:01 AM
#8   There are alot of possible outcomes with this EdF 05/17/07 09:59:36 AM
#7   last doc filed on pinksheets was in 2003.. db7 05/17/07 09:57:46 AM
#6   Nice find rollin, getting an entry ticket as EdF 05/17/07 09:56:13 AM
#5   maybe nothing... but imho whomever has been loading db7 05/17/07 08:55:38 AM
#4   whats going on with the compnay you think? TITAN 05/17/07 12:33:17 AM
#3   last known o/s... company IS bankrupt.. LOL.. i db7 05/16/07 03:34:49 PM
#2   what is the bloody use of posting OS cosmoworld7 05/16/07 03:32:45 PM
#1   PLSIQ, somebody is accumulating.. bought a starter @ db7 05/16/07 03:16:50 PM
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