Protein Polymer Technologies, Inc. (fka PPTIQ)

[funnyG986]

PPTIQ +110% on the move with volume

[funnyG986]

PPTIQ Alert HUGE BUY +185% ON THIN VOLUME

LAST RUN TO $0.007

[funnyG986]

Alert HUGE BUY

[funnyG986]

Hit badly today. I will keep loading the dips for the lotto

[Custy]

BIG MERGER DEAL GOING THROUGH PREPARE FOR A JUMP

[lambchops]

Why are you buying? Whta is your motive?

[funnyG986]

I see the pps going nowhere but up. I am buying more at this level

[lambchops]

Why is this stock so tight? Is there something driving it? A merger perhaps? Should I buy more?

[funnyG986]

Very tight here. no one wants to sell his tickets

[lambchops]

Something must be cookin'! This "Q" has been bouncing a lot lately. Seems like it has a patent to two someone is interested in obtaining. (IMO) Small float on it too! Interesting....

[kruy]

No, been busy all week. I'll see what I can come up with next week. It does look like someone is silently trying to accumulate shares from the small float though.

[funnyG986]

Do you have any update on the meeting results on July 15?

[funnyG986]

PPTIQ bottom play +33% ! only 20M float

[funnyG986]

PPTIQ bottom play @0015 hit heavily

[funnyG986]

ask hit, strong bid @0012

[kruy]

From a knowledgeable person that knows what she's talking about in regards BK stocks and her assessment of PPTIQ's shell:

ilenes Share Tuesday, May 24, 2011 2:56:33 PM
Re: kruy post# 119 Post # of 396

Sorry, was in a BK hearing for another company today, that's why the delayed response.

Shares are not automatically cancelled, and as the price here is so low, there may not be much movement in price, downward (IMHO)

However, the NOL's are very valuable and only can be used by an operational company, so its possible that their presence could make this an attractive shell for another company to buy, to utilize those. Hope this helps.

Ilene

[kruy]

Good job! I can also add that a meeting was held this last Friday (July 15th) with the BK judge to discuss proceedings, although I do not have any specifics as to what was discussed, resolved or dealt with.

I guess the person to contact for that would be Karen Skomorucha the atty for PPTI from the Ashby & Geddes law firm.

[funnyG986]

found this web about pptiq

U.S. Bankruptcy Court
District of Delaware (Delaware)
Bankruptcy Petition

http://www.freecourtdockets.com/Dockets/Protein-Polymer-Technologies-Inc-1-11-bk-11567-Delaware-Bankruptcy-Court-Docket-Page-1-69890-69890.htm

[kruy]

BTW..before you make any more incorrect PUBLIC statements regarding the facts pertaining to proceedigs regarding PPTIQ, may I suggest you DD some facts, other than "asking your wife".

Start here:

This is Chapter 7 case #11-11567 District of Delaware and is being handled by the law firm Ashby & Geddes.

The actual proceedings should not last more than 60-90 days.

[kruy]

You really need to stop making stuff up as everything you just posted is legally incorrect. Do you know what bankruptcy entails?? Bankruptcy wipes all debt off the books..and this is chapter 7 BK, not reorganization..do you know what that means? Part of the proceedings is negotiating the sale of assets, which a judge moderates. That could include the selling of the shell, which includes the tax loss's and shareholders which stay with the shell, but not the debt. The patents do not follow the shell either unless someone makes a deal to buy them along with the shell. The sale of all assets would be distrubuted among debtor and then shareholders. Once the proceedings are complete no more claims made be made against the company, or the shell which would actually become a different entity altogether and be renamed the XYZ corp or whatever the new owners of the shell desire, and can put whatever business they want into the shell.
BOTTOM LINE, THERE WOULD BE NO LIABILITY FOR NEW OWNERS OF THE SHELL!..as you incorretly stated. It's almost a no brainer that some profitable company will pick up the shell to take advantage of tax write offs, and would most likely entail some sort of deal to take over the 80% stake of insider restricted shares. The 20% of float would be most likely not be altered as any alteration of the float would pertain to insider restricted shares also. So even IF there were a r/s, the value would remain the same as insiders would not cut their own throats.

[fredscam]

Here is the problem. Any profitable company reverse merging into PPTI would be liable for PPTI's debts. That is the poison pill. Any potential reverse merger would have to happen after the bankruptcy is complete. That could take years. Even then an old debt holder could still sue the new company. What kind of company would be willing to take on that kind of liability?

[kruy]

Any merger would most likely entail a deal involving the takeover of restricted insider shares not in the float. 80% of PPTI's shares are restricted insider shares, so I doubt they would tinker with that too much if at all. If they did, it would still be the same result as reverse splits don't decrease the value of holdings..and if a company is profitable, the value would be sustained and grow. As we said, this shell would only be of use to a PROFITABLE company that can make use of the tens of millions of tax loss carryovers.

Understand yet?

[kruy]

Everyone is sure about that. How about showing us some proven stats involving legitimate profitable companies to back up your claim about r/m's.

Maybe you could ask your wife.

[funnyG986]

We don't know why this stock runs from @0007 to @007 in two days. But looks like something is behind the scene. And the run was nothing but a prerun for a bigger move, IMO.

I have my lotto ticket ready here.

[funnyG986]

like i said, go and check out the RM board. Typically the shell stock can shoot up 5x to 10x before getting any RM news out. RS ? maybe, maybe not. But who cares, after the big run.

[fredscam]

"only a small fraction of RM involve RS"

Are you sure about that? I have seen a lot of reverse mergers with shell stocks, and they have all involved big dilution and reverse splits. The old owners typically end up owning 1% or less of the new stock.

[funnyG986]

statistically speaking, only a small fraction of RM involve RS. Check out the RM board and you will see. That's why those guys love RM play. Of course, there is always possibility of RS for any subpenny

[fredscam]

"RS is not necessary for RM"

It is not necessary, but it is extremely likely. The new owners of the shell never like to share ownership with the old owners.

[funnyG986]

"So how does that help current share holders? Any company taking over the shell would issue a trillion new shares and do a 1:1 billion reverse split. "

RS is not necessary for RM

[kruy]

Not to mention the FDA has given approval for final phase trials of PPTI's NuCore being produced by Spinewave. Considering how strict the FDA is, one would have to be a total idiot to argue against the scrutiny of the vetting process of the technology.

The US Patent office has given 25 patents, I guess Fred's wife may not be as smart as he thinks.

[funnyG986]

Totally agree.

[kruy]

Do we need to go over this one more time so you understand??

The value of the shell to shareholders is not so much how much somebody pays for the shell, but what value the new entity would bring to the shell. It would benefit ONLY a company that is profitable enough to take advantage of the tens of milllions of tax loss carry overs.

Do you understand that??

[kruy]

Quit making stuff up, the lawsuit is public info. Fact is Szulik would probably get more from sueing PPTI and obtaining patents, but the dispute is with TAG, NOT PPTI.

Many biotechs have not survived due to lack of funding. It's a very long expernsive process, but the tech ususally does in one form or another. Same is true for PPTI. J&J, Sanyo Corp, Genentech to name a few, have verified the tech..Sanyo still has a licensing agreement. Scores of reseerchers from major universities have expressed interest in the tech, and somehow your wife claims to "know better"?? What a joke. Get her to post her assertions for public record...I guarantee she won't.

The last 10 years have been brutal for research fund raising..everyone knows that,,most R&D firms won't survive..PPTI is no different. It's done but its tech will survive.

[Wickber]

Fred old boy, the two guys that invented PPTI's technology both have PhDs, produced 26 patents and their licensee SpineWave is in clinical trials on the technology of at least one of their patents and other licensees saw value in other patents as well. I think all of that trumps your wife's PhD and your and her opinions of PPTI technology. IMHO the reason PPTI had difficulty raising enough funding to commercial its technology was that its technology was just too advanced for the times and still is. To their detriment, most big corps are out to conquer nature not to imitate it. PPTI's technology is one of a kind in that it biomimics various protein constitutes of the human body.

[fredscam]

The only reason Matt Szulik is suing TAG is because he thinks he will never get his money from PPTI. Even though he is suing someone else, PPTI still owes him the money. A lawsuit does not cancel debts.

If the shell company has any value, that value goes to the debt holders, not the stock holders. It might, in fact, have some value due to the tax losses. The PPTI scam managed to lose over $70 million.

If the shell is sold because of the value of the tax losses, the stock holders will never see a dime of that money.

It is funny how this company was touted for years based on the value of its "technology". My Wife, who was working on her PhD at the time, spent 10 minutes looking at the technology and determined it was worthless. When I informed people of that fact, my Wife and I were ridiculed.

Here we are years later, and my Wife was proven to be exactly right. The "technology" is proven worthless, and the only value might be in tax write off from the years of losses. BTW, my Wife is now an Assistant Professor. She really knows her stuff, and she is a heck of a lot smarter than I am!

[kruy]

BTW...it doesn't matter if they owed nothing or a gazillion dollars, that's not the play here.
What's at stake is the value of the shell for a company that can make use of the tens of millions of carry over tax losses...other than that..The amount paid out if any is not the issue, lawyers will figure out how to take most of it anyway.

[kruy]

Pay attention... that "debt" was toward Matt Szulik, who funded the company for two years, which amounts to approx $9M and is sueing TAG for that amount, not PPTI. Did you miss that in my post?? You can't be paid twice for the same debt.

I also said that the company owes approx 1 year compensation to the interim CEO...which is legit, but I don't think it's more than $100K.

Anything else you missed??

[l2 hunter]

0,0035 34%+ on 6k shares. thiny. with news or the next buying pressure PPTIQ can shoot up over 0,01

[fredscam]

kruy, this company as a lot of debt according to the last quarterly report. Why would you ask, "What debt?". Surely you have looked at the last quarterly report, right? Those debt holders must be paid with any remaining value of this company before stock holders get anything.

In summary, the debt holders will own the shell if it has any tax loss value, not the stock holders.

As of September 30, 2009
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6907236
Accounts payable $1,101,345
Accrued liabilities $1,278,816
Secured notes payable – related party $6,414,837
Secured notes payables, net of unamortized debt discount $50,688
Notes payable – other, net of unamortized debt discount $278,015

[kruy]

What debt?? Tax loss's are not debts. PPTI was funded for over twenty years through licensing agreements with major companies such as J&J and Sanyo to name a few, and capital from accredited investors(shareholders). That is not debt.
Matthew Szulik, the founder of RedHat Corp funded PPTI for the last few years, but Szulik is sueing TAG for that amount..not PPTI.
What they do owe or will owe is approx 1 year salary for the interim CEO and lawyers fees.

But if you were paying attention..there are numerous ways this can play. The tax loss carry overs make this an attractive candidate for a PROFITABLE company to buy the shell, which would carry current shareholders with it. PROFITABLE companies that could utilize tens of millions in tax wsrite off's would have to make TENS OF MILLIONS profit to utilize those writeoffs. In case that is not sinking in, a company making that kind of profit would trade in the dollars,,not pennies. Even with a r/s of some sort, that would leave current shareholders holding shares of a new company with value.

But it's simple Fred, if one does not want to take the risk, don't and move on.

[fredscam]

kruy, if the shell is actually worth anything due to the tax loss value, the debt holders have the first claim on that value. The company is bankrupt. Share holders only get what is left over after everyone else is made whole. With the amount of debt this scam was in before it finally collapsed, there is no way that share holders have a claim to anything.

[l2 hunter]

good morning all, bouncer totay? There was only a momo or pump or is there more? Today we get a response. 0.001 or 006 back.

[kruy]

Actually nobody knows if it's just starting or over. IMO the ONLY play here is whether the shell is worth anything, as in if another company buys the shell for the tens of millions in carry over tax losses or sale of assets. It's pretty much all or nothing in that regard, and that's the risk.
As far as the penny playing being over, who cares...it does not have that kind of following or support anyway.

[funnyG986]

bad day today. but buy/sell is almost 1 to 1

[cdh11]

this is all over now!

[l2 hunter]

62%- but ask thiny and strong bid support. ready to bounce tomorrow.

[l2 hunter]

was for about 10 minutes in the bid. I've posted it again disappeared.

[funnyG986]

I didn't see that on L2. Where did you see it ?

[l2 hunter]

0027x003 bid stacking up RADAR

[l2 hunter]

watch L2. 4 milion bid @ 0025!!!!! wow