Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"There will be no assets available for distribution to the stockholders of the Company and it is expected that the shares of the Company will be cancelled for no value in connection with the dissolution."
https://www.otcmarkets.com/filing/html?id=14303349&guid=IWW6Ua9Z5Crvtth
So meanwhile, new buyers who think this is now a shell with 7m os, will be screwed at a later date when shares are cancelled? Someone really messed this one up.
It's up to this guy to dissolve the company in Delaware, from the judge's dismissal order:
IPICQ changed to IPIC. Bankruptcy Case Dismissed.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
worthless shares after a bankrupcy has never stopped people from buying. I do not think I have ever bought a Q stock. I certainly have bought lots that earned a Q lol
Are the buyers today buying worthless shares?
"There will be no assets available for distribution to the stockholders of the Company and it is expected that the shares of the Company will be cancelled for no value in connection with the dissolution."
https://www.otcmarkets.com/filing/html?id=14303349&guid=4WC6UqHKGkM9vth
If not, when were the shares cancelled? Strange one.
kt
Bankruptcy dismissed - symbol going back to IPIC. dont see that much
finally a little bit of volume selling off. Not sure why they've waited this long
pretty incredible this thing still trades north of .50 and a market cap of 7m
IPIC changed to IPICQ, bankruptcy. Delisted from the Nasdaq to the OTC.:
https://otce.finra.org/otce/dailyList?viewType=Additions
can Nasdaq just send the delisting notification on this already so the Q can be added? Paging Renee
I knew this was being propped up prior to today's BK news! Sadly, when FINRA adds the Q here it will drop another 75%. You've been warned!
pretty crazy this still trades at .65 granted its only 7.6m market cap .... 205m in debt, huge amount of leases. doubt 16 theaters with 123 screens fetches the at least 225m needed to even have a chance at recovery for equity but in this world who knows what could happen.
Past Movie M&A:
Starplex acquired for 172m had 33 theaters 343 screens
Marcus theaters buys movie tavern for 126m consideration, 22 locations 208 screens
Regal buys Hollywood Theaters, for 238m, 513 screens 43 theaters
Granted Ipic has nicer theaters but revenue is revenue IMO
They are trying to bounce this prior to BK....will keep on watch. JMO
Such small volume, will be very volatile. I don't see them making it due to their financials and business model. Owners got opportunity to cash out with IPO. Future BK coming regardless of how well movies do.
I think reversal is now starting.. Go IPIC
New partnerships being announced... Increasing investor awareness..
That was my target as well... I figured in the 10 range.. Then i pull the trigger...
I am thinking it will dip slightly below $11 or so before stabilizing.
Exactly why i'm here.... I was hoping they went public.. I will be adding this to my collection.. Waiting to see how far she drops tho b4 i buy more.. All the best... Go IPIC
Watching this like a hawk for long term investment.
IPO is over.... Time to get to work & build investor awareness... Go IPIC
Followers
|
2
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
29
|
Created
|
02/04/18
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |