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Doesn't look like there are any discussions left to share. Judge Shannon's fast tracking this case seems to have stalled out too.
Bests..
BOB L is CEO of a new company. Looks legit : )
Bob looks like a prefect fit too.. Quantum Computing and other things he knows 'zero' about.. He likely has a few contacts still in the 'Givernment' he hopes to milk for this NEW opportunity he has found.
BOB L is CEO of a new company. Looks legit : )
http://quantumcomputinginc.com/
There's a yahoo board!
Yes they have released some of the payoff about a year ago.
Hard to say when this all gets resolved but Judge Shannon certainly whats to wrap it all up.. Judge Shannon has been fighting for investors.. But these slimy creeps who ripped us off are still trying to gouge into the final pay out. I am not up to date on the case but i think we have 'perhaps' 10-15 cents a share coming back to us. ( dont hold me on the $numbers I am writing this from memory..( hope this helps some.) Attorneys are NOW just keeping this going so they can BILL the crap out of the reminder of the funds. Judge Shannon is all that is between investors and these slime-balls.
Has payment been made to common shareholders for the FIAC Liquidation Trust?
If not, any idea of amount or timeframe?
I submitted W( but have not received anything in my brokerage account - They still keep a placeholder for Escrow but have no information.
Any help would be appreciated or contact info to inquire - this is my first experience with such a situation.
Latest MOR indicates 5.8m left but this does not include claims.
Checked the register and there are about 5.7m or so in claims but latest dispute with directors/officers was settled and their claims were reduced from about 4.5m down to 1m. Claims register goes down leaving about 2.2m in claims which means about 3.6m left in the pot.
Debtor will likely object to more of the claims which can increase the pot to anywhere from 3.6m to 5.8m.
Thank you for your valued input.. Whatever we get from here is all upside thus taxable for me as I washed ALL my losses last year. I sure get heated when I read about Platinum Partners, Murry Hubberfield and all the Jewish Center players.. Seems they worked in concert to screw investors. Enough-Said
Latest MOR indicates 5.8m left but this does not include claims.
Checked the register and there are about 5.7m or so in claims but latest dispute with directors/officers was settled and their claims were reduced from about 4.5m down to 1m. Claims register goes down leaving about 2.2m in claims which means about 3.6m left in the pot.
Debtor will likely object to more of the claims which can increase the pot to anywhere from 3.6m to 5.8m.
Yep.. Thanks for the link. It sure is convoluted.
NYC Crooks and we NEVER saw it coming. Jews, Rabbi's, Mob, NYC could get nuked and I would not care..
Hi MakeABuck2000. W
That which you are referring too came from:
Intellect5000 post# 47801
I was simply pointing out the obvious in my rebuttal. Time = Money. Lawyers can drag things until there is little left. They are professionals at this. Judge Shannon can say encouraging statements.. But the bottom line is the Legal Billings will likely consume most of what ever is left. This is why we had that one payout. I assume any other will be very small.
Hey. At least we got something eh?
Bests.
What was the significance of this June 7th date you refer to.
Sold half Friday for close to $0.07. Playing with houses money. Thanx. Plan to leave the rest for my grandkids.
DLYT has doubled to .06
Volume picking up.
I'm buying into nFusz on today's news about Oracle partnership. I hope to pump the stock a few times and make back some of the cash IMSC stole from me. #FUSZ #nFusz #NotifiCRM #Oracle #NetSuite $FUSZ $ORCL
Yep.. Judge Shannon seemed interested in resolving it with haste.
4 months ago.. :(
I thought it was the judges job to make sure the lawyers didn't come out ahead of the shareholders. I suppose the same can be said about the company executives not walking away with more than the shareholders. What this stock has lacked for years is somebody, anybody putting shareholders interest above their own. It's been four or five years since I posted "fiduciary" in regards to this stock. Too bad nobody important understood what that meant.
Up to and including June 7th 2018. Another delay for money pay-out part 2. ???? There is absolutely no reason yet another extension is needed. “Factually Complex” they said on the their request. Do your job. I still have some hope it’s all worth it. ??
I do not feel that at this point there is NO more upside pennies but lots of Legal Fee's still burning money. Lawyers love to stretch proceedings on bankruptcy as they can lick the platter clean..
Murray Huberfeld and Platinum Partners featured in article about NYC graft. We had no chance once they were involved.
Tracking Graft, From the Bootlegger to the Mayor - The New ...
www.nytimes.com/2018/04/27/nyregion/tracking...
Murray Huberfeld and Platinum Partners featured in article about NYC graft. We had no chance once they were involved.
Tracking Graft, From the Bootlegger to the Mayor https://nyti.ms/2HzpJOF
Murray Huberfeld and Platinum Partners featured in article about NYC graft. We had no chance once they were involved.
Tracking Graft, From the Bootlegger to the Mayor https://nyti.ms/2HzpJOF
edit wrong thread
ohfff
the fuse is burning low
at what point does it become a buy if ever?
Up to and including June 7th 2018. Another delay for money pay-out part 2. ???? There is absolutely no reason yet another extension is needed. “Factually Complex” they said on the their request. Do your job. I still have some hope it’s all worth it. ??
Did you get a chance to look at DLYT?
(trying to repay the tip!!!)
It's very surreal that my biggest loser turned into my 2nd biggest winner (so far)
Regarding FUSZ I've been in this since last Fall, I tried hard to share this with my fellow investors in IMSC....but you know... all OTC's are the real deal :). Going to Oracle show tomorrow with my wife and post pictures on IHUB via another poster. We're deep in this stock, company and have a good rapport with CEO. Heck the CEO, Insiders and Private Investors own over 63% of OS. I've been adding continuously, yes made back losses and some. For sure no baggage, debt is cleared off books, 2.5 m in bank, no FDA or other gv't approval needed, no manufacturing required..... haha....80-85% margins. I can share much more but have a big day today getting ready for trip and prep for new bees in my apiary. If you don't like the IHUB there is also a solid less cluttered Ihang board. Finally..... this is STILL well undervalued, plans to uplist....seriously....IMO barring unforeseen economy or other this stock WILL be well into, double digits by late Summer and Fall.
Do you read and follow the fusz board? There's major developments and wife and I are going to the Oracle Suiteworld this weekend.
Sending you this here since it will get deleted on FUSZ board.
I'm really excited about DLYT prospects. Take a look at last 3-4 pr's.
(Just trying to return the favor)
those numbers indicate .08 per shr balance. I never seen such crap in my life to suck the shrholders dry. They are sucking up a million a mth in fees. They need to close the books today but the ones getting all the money left over are the lawyers and courts through the high fees and they like that. A lot.
Thanks Magicrat . Looks like we still have a few cents more coming..
-Disgusted
Here's the link to the latest document. Hoping there still may be another payout left though not much to get excited about.
http://www.kccllc.net/imxacquisition/document/list/4398
Here's the link to the latest document. Hoping there still may be another payout left though not much to get excited about.
http://www.kccllc.net/imxacquisition/document/list/4398
been a while but I remember 2 sets of numbers for 2 different accts holding the cash. Our great ceo wanting his car buffed, new windows and a septic system or something besides an x-lg final paycheck for his wonderful work he accomplished. If we finalized the lessor and we got around .04--maybe---with a lot of luck--we can shake the tree for another 7-8 pennies. Hope so cause the entire episode stunk.
If this is the case then it will fit with the previous expectations. Thanks for your input..
FWIW = Based upon 4/9/18 court document still around $6 million in cash left after $3 million distribution to Shareholders. Not sure when or to whom remaining cash gets disbursed.
The length of time for this court action and all the legal billings just decimated the pot of gold. Went from solid 24ct to 10ct plate.
We got Skunked!
Same here.. Arrived on 4/5/18.
Confirmed... I received .03761 per share distribution.
A little light from the $0.125 that was being talked up..
Confirmed... I received .03761 per share distribution.
There is the possibility that there will be a second distribution. I haven’t seen a filing indicating that the BK is over. If it is not in fact over there has to be money held in reserve to pay for the rest of the work that needs to be done. The remainder would then go to shareholders. What I really hope for is an asset to be uncovered since we have cleared the claims hurdle.
They were pretty far off from their estimate but either result would not surprise me (if there is or is not additional funds for distribution).
0376 looks like. Criminal in many ways. CEO, CFO, L3 all in collusion to cheat shareholders and enrich themselves. At best TSA incompetent, if not also colluding, for awarding contracts to a financially broken company and perpetrating the image of success. Welcome to America! I can't remember, did IMSC have a Facebook page lol?
Funny, even has the Russian
https://www.facebook.com/pages/Implant-Sciences-Corporation/205478292806111
money hit my acct today. Under .04. .037 if I remember correctly. Fricken lawyers and ceo that screwed us to the wall
Still LMFAO at everyone who believed this POS was actually going to be the new owner of the wondrous Zapata flying machines.
Oh, but I was criticized for doubting what was bound to be a ""sure thing."
Just glad I got out when I did a few years ago. Still lost $$$, but not nearly as much as I would have.
CNN headline today - Kushner Family Accused of Falsifying Docs for Profit
Ya Think? Since the lawyers are still viping off the case they should look into how this all intersects with IMSC's financing and forced takeover by L3.
Then they should look at how the TSA/US government would turn a blind eye to the financial condition of IMSC while awarding them a potential $162M contract.
...but of course that money wasn't ever really going to Implant Sciences, the hand was already played at the highest levels and by the best scammers
It can't be much more than that with all these legal buzzards feeding on the carcass.
Better call Saul!
From the website:
http://www.kccllc.net/IMXAcquisition
Important Dates, Deadlines & Documents
Hearing on Board Members Motion to Approve Administrative Expenses
Notice of Hearing
April 23, 2018
(10:00 a.m. (ET))
Omnibus Hearing
Order Scheduling Omnibus Hearings
April 12, 2018
(10:00 a.m. (ET))
Omnibus Hearing (Cancelled)
Notice of Agenda for Hearing Order Scheduling Omnibus Hearings
March 8, 2018
(10:00 a.m. (ET))
Professional Fee Claims Bar Date
Notice of Occurrence of Effective Date
September 25, 2017
(4:00 PM (ET))
Administrative Expense Claims Bar Date
Notice of Occurrence of Effective Date
September 11, 2017
(4:00 PM (ET))
Rejection Damages Claims Bar Date
Notice of Occurrence of Effective Date
September 11, 2017
(4:00 PM (ET))
Plan Effective Date
Notice of Occurrence of Effective Date Confirmation Order
August 11, 2017
Confirmation Hearing
Notice of Entry of Order Confirming Plan Confirmation Order Notice of Confirmation Hearing
August 3, 2017
(10:00 a.m. (ET))
Voting Deadline
Notice of Confirmation Hearing
July 27, 2017
(5:00 p.m. (ET))
Disclosure Statement Hearing
Second Amended Notice of Agenda of Hearing Notice of Disclosure Statement Hearing Plan and Disclosure Statement Documents
June 14, 2017
(11:00 a.m. (ET))
Governmental Bar Date
Notice of Bar Date Bar Date Order
April 6, 2017
(5:00 p.m. (ET))
Sale Closing Date
Notice of Sale Closing and Effective Date
January 5, 2017
General Bar Date
Notice of Bar Date Bar Date Order
December 27, 2016
(5:00 p.m. (ET))
Sale Hearing (Cancelled)
Notice of Cancelled Auction Sale Hearing Notice Order Scheduling Omnibus Hearing Dates
December 16, 2016
(9:30 a.m. (ET))
Meeting of Creditors
Notice of Chapter 11 Bankruptcy Case
November 18, 2016
(9:30 a.m. (ET))
Hearing on Bidding Procedures Motion
Amended Notice of Agenda Bidding Procedures Motion
October 26, 2016
(11:00 a.m. (ET))
First Day Hearing
Notice of Hearing to Consider First Day Pleadings Amended Notice of Agenda
October 12, 2016
(11:00 AM (ET))
Bankruptcy Petition Date
Voluntary Petitions
October 10, 2016
Anybody get PTSD when they see the letters DMRJ?! LOL!
Thanks guys. Sorry, I just didn’t think this board was that dead already. I know I’ve personally made the sub par decision of following others to one if the other postings here earlier. It’s had its ups/downs but all in all I’m really hoping it’s not 2011 (and last 6.5 years) repeating itself all over for me.
I assume your brokerage firm will handle it all for you. I wrote mine off against some AAPL gain in Dec. You could have written it off last years taxes or this years taxes in these sort of situations. Give your tax-advisor a whats-up so you can plan for it.
I wrote off my loss last year..and will need to recap whatever we end up getting back. I have very little hope in getting much as all these months of legal work and $400-600 a hr billings x16 lawyers including a partner or two. After all this time? How much you figure is left to split up? Enough for Sushi?
The W9 was preprinted with "FIAC liquidating trust"
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Secure Point Technologies, Inc. (f/k/a Implant Sciences Corporation) (OTCQB:IMSCQ)
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