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Yeah, lol I hate how it looks.... but I guess this security has never traded technically.
I have already received PIOE shares in my E trade account...they're just not trading
Maybe they just have to wait for all the trades from Thursday (PIOIQ) to settle, dont brokers have up to 3 days to settle trades? I'm not sure about the logistics of it.
AHFD--- all the .0001s are gone, looks like a potential merger or takeover
It can only really go up from here lol
I think this particular stock has such a small pool of investors that everyone involved is already privy to what is expected to happen in the very near future. Knowing what we know is inevitably coming I doubt we will have very many sellers until at least the PR is released with the next steps moving forward.
I wouldn't call it a chink, but rather a harmless legal loophole that would indicate the board's belief that a nice spike in price is inevitable? He has done a good job preserving our interests so why not allow him to get in at at least the same prices as everyone he has protected?
Who currently owns this corp? Would be interesting to receive a PR indicating something, just not sure where it would come from...
Maybe P10 is withholding certain docs/actions required to resume trading so that mark ascoles can buy in at .38 knowing that the price isn't going to be low enough after releasing pertinent info??? I can't seem to figure out any other reason for the freeze....
I wonder if the action will continue today as well....
AHFD had a massive jump in volume, bid has appeared after a long drought and 146,000,000 shares were traded friday. Before now no bid was available on the stock, several .0001 still available i believe. It hit .0002 friday. Not sure what is happening but something is happening. This was without a bid for at least a year.
Of course it was known this was one of the key points in securing our value going forward. The Board of Directors relinquished their old compensation contracts which were high salary. As opposed to taking cash in 2016 they were offered shares of stock valued at $1.30 per share. The old P 10 and the old P 10 shares no longer exist, it's a different share structure and a different company, with different compensation for the board. In our new company, we are not compensating the Board of Directors with shares in lieu of cash, but rather giving them stock options that they can purchase themselves at a minimum price of .215 or the average share price after five days of training from May 4 2017, whichever one is greater. What this does, is deter dilution and create an incentive for the Board of Directors to increase common stock share value. Ultimately the higher the value of our common shares, the more money THEY personally make.
$21 million in assets? Bob, ACPW was not a profitable business but their patents had value. Where do you think the $273 million in net operating losses came from? Active power ultimately sold their patents involving uninterrupted power sources to Langley for an approximately $26 million SWING in their balance sheet. We don't see that cash value in the balance sheet because 17 million was assumed debt that Langley took over. Active power, by selling their patents was able to get out of a losing business. Regardless of the value of active powers balance sheet the deal cost Langley approximately $26 million, that's where I am deriving the value from the first set of patents that they had. Langley bought a losing business that was costing ACPW several million dollars a year. So why expense out $26 million to get your hands on a losing business? Because Langley saw value in the PATENTS not the "assets"or the business. This left active power with zero debt and 21 other patents that were unassociated with their uninterruptible power sources. The P 10 we now know was then created.
The link is the relief of $17 million in debt removed from the balance sheet... it won't show as cash in the bank but takes them from -$17 million to +$5 million .... numbers aren't exact but a close estimate.
I would assume Monday morning, I can't see any reason why it wouldn't.
Well I would assume you won't have to, if the deal cost them ~25$ million then that's the valuation they used... doesn't matter the what the portions are.
$146,000 trades today...... this isn't some fluke
Absolutely
Your not reading it right, it includes about 17 million in debt, so the total cost to Langley was ABOUT 26$ million for the deal, ACPW didn't receive $26 million in cash but it's not about what they received in cash but what Langley valued ACPW's technology at.
This includes Langley assuming $17 million in active powers Debt, making the entire value of the deal somewhere around $26 million. Active power had a lot more than 21 patents but Langley only purchased the patents that were relevant to the uninterrupted power supply systems that they were acquiring. P 10 industries was then created and held onto the remaining 21 patents that Langley did not purchase as they did not need them.
They sold active power and all of the patents associated with active power to Langley for 26 million, it's on their website. Before the sale there ticker symbol was ACPW.
What you're suggesting is dilution, that hurts the pockets of the board more than it hurts anything else as they've all taken reduced salaries in exchange for the option to purchase common stock. I don't foresee that happening unless the share price is at an ultimate premium much higher than what it is now..... if that's the situation then bring it on!!
Technically we are a new company with new shares. It's possible since all old shares have been canceled and new ones issued that they are having a third-party valuate our new company so that they can create a public offering at a new share price reflecting our true value. Who knows we might have an IPO on Monday morning for $5 a share!! This is clearly for the entertainment of discussion since we're not trading today. Does anybody have any insight on the legality of this? Considering our shares are a new security then technically could they offer an IPO?
No, PIOE must be the acquiring party to retain the NOL values.
I'm hinting at something here.....P10 acquires an already extremely profitable company (in the same office) , unlocks the $95 million savings, and share price ERUPTS.
One can imagine how much any one of those entities would live to get some of those NOLs....
Maybe they treat it like an IPO and open at $4.00 ??
Limbo is the right word for it lol, maybe we open soon....
Should have just been a transfer, unless there's new pending
Anybody see a BID/ASK?
It has in mine, E*TRADE
The change in the board name without the "q" might get us more attention on the hub as well.... being PIOE instead of PIOIQ may sway once weary investors searching for opportunity on iHub
It's coming, I believe they have 4 days to inform us of any major event
AGREED
looks like it's getting cramped in there lol..... this thing is going to be BIG.... who knows what's in store, what we do know is experienced people have poured 10s of millions of dollars into the various ventures and we're in in the ground floor
It was disclosed when they made the proposal back in March. Check out his resume....
http://www.capartnersfunds.com/index.php?id=50
I'm truly excited for all of us
No it's the same as 210 GSB Acquisition Partners LLC. They are a different company.
https://www.globalscape.com/
They share an address with Globalscape (ticker GSB)
The companies are 210 P10 Acquisition Partners LLC and 210 Gsb Acquisition Partners LLC.