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or not.. that is from 2005 :( .... last i knew Mosier was still working on this case though... fingers crossed
hopefully we get some kind of cash recognition at some point b/c the surgilight shares are quoted as .0002 now... a divy in them would be worthless
still hope here.. plsiq doesn't trade anymore and comes up as an unknown symbol at yahoo finance and pinksheets.com
however it's still listed in my tda account
see page 20 for the start of things
hmm.. progress being made? http://www.ironwoodadvisory.com/news/HBS_Ironwood_Presentation.pdf
not sure why it's been suspended.."Primary Venue: Pink Sheets / Status: Suspended"
PLS Liquidating LLC
President & CEO
Chapter 11 Debtor
Premier Laser Systems, Inc.
Problems:
Operations Ceased/Board resigned
Valuable IP aging/losing value
Goals:
Sell remaining intellectual property
Sue patent infringers
Maximize recovery for creditors
Results:
Claims reduced: $20 to $6 million
Dental Intellectual Property sold
Patent infringment suits paid off
Creditors paid in full, interest pending
Mosier & Company, Inc.
Hi Lurker,
while i think the shell will be marketable when all is said and done... first things first will be finishing off liquidation.. paying off creditors.. and then shareholders will possibly get a piece of the pie
not sure on a timetable
i bought at .01 liking the risk/reward lol... now .003 ask
if one has patience... especially at .003 .. i think it's a decent buy risk/reward wise
while i'm hoping for cash and shares of srgl.. i'll take any.. either .. or.. both...etc
see this post for the words from the lawyer who's handling the case
http://investorshub.advfn.com/boards/read_msg.asp?message_id=20605012
g/l
When will the final court verdict be out? Is there a chance the shell will be sold or does it remain with Premium Laser?
it's actually more positive in my eyes than i had been expecting.. albeit doesn't sound like we'll be getting anything today or tomorrow lol
Oh well, it was a long shot anyway. Thanks for the DD ...btw, where have you been hiding?
i found out who's handling our case
my email to him,
"Hello Robert,
I am a shareholder of PREMIER LASER SYSTEMS, INC. (PLSIQ) and was wondering if you could give me an update on the status of our Liquidation or put me in contact with somebody who can.
Is the liquidation still taking place?
Was there already a distribution to shareholders? If so, do you think the shareholders will get any further distributions?
"
Response:
"As you may know, the general unsecured creditors have been paid in full with the exception that this group of creditors is owed about $650K of interest. Once the interest is paid off (or I may say if the interest is paid off), I will turn my attention to the shareholders.
We have several irons in the fire to generate the funds necessary to pay off the creditor interest (without any guarantee that it will be accomplished). These include patent infringement litigations and settlements that involve the general surgery lasers.
I am also holding about 3 million shares of stock of SurgiLight, a company that purchased the ophthalmic laser patents. It is not clear whether this stock will be made available to the PLS shareholders or it may be used to make the interest payments to the PLS creditors.
I don't have a timetable for going forward. Candidly, I though all of this would be wrapped up by now, but the litigation is taking longer than we anticipated. It is an element that I cannot control.
Bottom line there is a slim and distant chance that you could receive something in the future for your PLS shares, but it is problematic and quite distant. I hope this helps. RPM "
added some mo
200 @ .002 bid.. .plsiq.. u just wait till i get some cash freed up lol
I figured that was you
added some .0061's
I think I heard it used once in a Star Trek episode.
yep... i'm watching NITE as he was the accumulator.. if that's a real word
Hadn't even noticed the drop....looks like it was on pretty lite vol.
.006 x .007...i'm on bid to add
she seems very thin Ed..
months before going bankrupt.. it looks like marketcap was over $90 million.. currently it's at about $183,000
There are alot of possible outcomes with this one...but the fact that someone has been quietly buying is too interesting to pass up.
last doc filed on pinksheets was in 2003.. saying they're in the process of liquidating
would be a nice suprise to wakeup one day and see a figure for what the common are getting ... again assuming they do get something
Nice find rollin, getting an entry ticket as well
maybe nothing... but imho whomever has been loading recently is doing so for a reason? whether they're going to run it OR maybe the bankruptcy proceedings are almost done???
no clue really... but the accumulation and 52 week high break made me test the waters
g/l
last known o/s... company IS bankrupt.. LOL.. i doubt they've been printing shares
what is the bloody use of posting OS numbers for 2001???
PLSIQ, somebody is accumulating.. bought a starter @ .01 .. pinksheets makes it sound like common 'may' get something once creditors are paid
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