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I like this to settle around .35 just before the BK completion.... that price will set it up for a run to .75 by mid May, then over $1 after the licensing/acquisition deal press release.
Seriously? 3 weeks? They're not going to waste money on weekly press releases. They are updating accordingly. If you are nervous, sell all of your shares, then buy back in when the next PR comes out. Gravity, by the way, won't play a role here, it hasn't "skyrocketed" just yet, that will happen just after the BK is complete AND we receive an update on the next move.
Huge order filled today. We have a solid base here, I added as well, not much but these prices aren't going to be around much longer.
PIOI, once deal is approved and Q is removed, cash value alone, is worth .30~.35 cents per share (assuming approximately 45 million outstanding shares). I didn't factor in the $10 million line of credit because that would be debt. PIOI had $5 million, 210 is investing $5 million, patents at $3.5 million (conservative CASH value). When adding in potential value from licensing, patent sales, partnerships, etc.... well you can speculate on the math, my sell order is set at $1.75
Nice, we'll be done with the whole lot in a few weeks, then the real good press releases will start flying off the printers!!
Donrocket at your service
The result is that they will be granted the motion to expedite and transfer securities. Nobody has objected and now they have to move onto the meeting of the creditors which is later this month. Once they do that and the judge signs off on the prepackaged deal it will be over. The Q will come off the ticker, New company will be formed, and business as usual with no debt or liabilities will begin. Don't expect much to come from today's hearing it's more of a formality. Cheap shares will be harder to come by soon, I suggest if you want to increase your position or start one now is the time to do it at these prices.
Funny, the $100 sell order went through dropping the share price almost 20%, I put an order through for 120 shares @ the ask price of .27 just to see what would happen, they filled it 100 @.25 and 20 @ .27, last trade still shows as .25 even when the .27 went through about 2 minutes later. They are clearly trying to keep this at a certain price.
Look at the spread this morning, they're trying to pull out stops, I wouldn't be surprised if first transaction is a sell @ .20 just to try and trigger stop losses....
If you watch the trading patterns it's clear that the MMs are keeping it cheap and don't want it to get past the 200MA just yet. The float is barely existent, some decent volume (1.5-2 million) and they won't be able to control the price. Those that are holding will continue to hold (myself included) and the price will reach its non speculative value as soon as the "q" comes off followed by a PR. Yesterday it looked like they were trying to fill a very large order at a certain price throughout the entire day. A few more days of that kind of trading and our new low will be .30...
I'm no lawyer but from my understanding once a judge/courtroom is assigned to a case it's the same one all through the end. Since this is pre-packaged expect the whole process to be rubber stamped/expedited as well.
Somebody is trying to accumulate shares as incognito as possible. The float on this barely exists. The multi million dollar investment firm that partnered with these guys is heavily invested in technology companies. Not just OTC companies but companies that trade on Amex exchange as well. Once P 10 emerges it will no longer exist. A new company is being formed out of this, with the addition of a few partnerships this might even get up listed to the Amex. I don't see 210 capital being interested in maintaining a multi million dollar investment in a pink sheet company it doesn't look good in their portfolio especially when they're used to dealing with billion dollar portfolios.
That's one reason, the other is to restructure under the protection of the bankruptcy code allowing them to keep the tax NOLs, reformat share structure, and guarantee 210 that there are no "hidden surprises" after investing $15 million. It's all on the request of the investor (210 capital). Imagine you buy a used car only to find out there are a bunch of things wrong with it that you didn't know about. When you go into bankruptcy everything is on the table, no secret liabilities, no hidden lawsuits or frivolous claims against the company. PURE CLEAN SLATE, they're basically forming a brand new company ,210/P10 LLC, keeping all the tax benefits and patents, and having no debt/liability. Furthermore, only 2 employees, accepting mostly stock for compensation, and parties already interested in the proprietary technology. Easy money here friends.
I don't see why barker would object to the creation of 210/P10 LLC, that's all this ultimately is. The meeting of the creditors isn't for a couple more weeks, that's when we'll here more. But, yes , nobody has objected and I'm sure 210/P10 would not have filed and paid the attorney $55,000 if Barker wasn't on board.
All they're doing tomorrow is deciding on, if somebody hasn't objected, the restructuring and redistribution of securities between the old P10 and the new 210/P 10 llc. BK isn't done for another month. Tomorrow is a sealed deal, no one objected the deadline for that was yesterday.
I'm more interested in them owning 20% of GlobalScape, a company that they bought into just a couple of months ago and then adding more shares the same time P10 announced the deal. Something is definitely on the stove with these guys.
This is who the investor is, not a bad background if you ask me:
"Robert Alpert, a Dallas investor, runs 210 Capital LLC and created the Texas company in mid-December 2016. The governing organizations of the limited liability company are Covenant RHA Parters LP and CCW Law Holdings LLC, according to Texas Secretary of State records. Alpert is on the advisory board of CA Partners LLC and founded Atlas Capital Management LP more than 20 years ago. He was a portfolio manager at Luther King Capital Management, an entity that had $7 billion in assets under investment at one time."
Some background on 210 and globalscape:
https://www.google.com/amp/s/www.bizjournals.com/sanantonio/news/2017/01/10/dallas-investor-group-snaps-up-15-percent-stake-in.amp.html
Some deeper DD just for conversation
210 capital also bought additional shares of globalscape inc on the SAME DAY, the BK was filed. Globalscape (GSB ticker) is a Texas based company focused on cloud storage/networking etc.... maybe a connection with energy storage or a link for patent licensing to GSB? They now own 3.3 million shares of them.... dating only back to January is when they first started accruing them.
https://www.sec.gov/Archives/edgar/data/1112920/000089924317008375/xslF345X03/doc4.xml
I'm not really seeing the point in the recent string of speculative assumptions. By selling to Langley before the BK P10 was able to eliminate all debt, even now there is no debt, just the lease liability. It's not like they collected $25 million from the sale and put it all on black in vegas. They paid all outstanding debts, put a couple million in the bank and moved forward. Here comes a new investor, willing to put $15 million on the table. His one beef with the whole setup is "why do we need this 127,000 sqf facility???" Since Langley is willing to take over the lease for the $1 million payment (minus deposit) making the lessor whole, I don't foresee a problem. Don't forget, Langley was paying P10 who was paying the rent. Now it's a different story. Now 210/P10 will cut Langley a check for $820,000 and Langley will make all payment on the lease. Again, this is a pink sheet in bankruptcy, tread cautiously if you are skeptical, but the only liability on the table is the lease, the judge will look at the agreed to pre structured settlements, see that nobody is getting stiffed, and sign off. This is only MY OPINION, I expect to see PR in about a month, and don't be surprised if there already is a deal in place for some of the patents, dig around 210 capital, they're a lot bigger (well networked) than I first expected. Best of luck comrades!!! I pray I'm right!!!
It's possible, but as a result I was able to double down. It's a game, end results should be profitable, sit tight.
I can appreciate your cautiousness, one rule of thumb that I've always used that allows me to sleep better at night when it comes to trading pink sheet stocks, is to sell Half when it doubles then ride the free shares. I don't blame you for being inquisitive, most people aren't and that usually lose their money, take profits when you can and never put all your eggs in one basket. Rest assured that this bankruptcy is what the investor who's putting $15 million into it really wants that says something. Expect the share price to trade sideways for a couple weeks, it'll increase once the Q falls off of the ticker, and then it'll either skyrocket or crash depending on the PR that comes after that. Typical pink sheet stock that can make you rich if you time it properly.
I can appreciate your cautiousness, one rule of thumb that I've always used that allows me to sleep better at night when it comes to trading pink sheet stocks, is to sell Half when it doubles then ride the free shares. I don't blame you for being inquisitive, most people aren't and that usually lose their money, take profits when you can and never put all your eggs in one basket. Rest assured that this bankruptcy is what the investor who's putting $15 million into it really wants that says something. Expect the share price to trade sideways for a couple weeks, it'll increase once the Q falls off of the ticker, and then it'll either skyrocket or crash depending on the PR that comes after that. Typical pink sheet stock that can make you rich if you time it properly.
No need to apologize paideia, just seemed like you were trying to be a bash** when it's all really in black and white. It's a pink sheet, nothing wrong with being careful, but we haven't been told anything worth speculating about yet.
Thank you Herb for being a reasonable investor that does his best to understand. Best of luck to you and I'm sure I speak for everyone when I say it is a pleasure to help, the best we can, when we can. We ALL need help understanding sometimes. That's the purpose of forums. We help and learn from each other....
Sometimes some people need help but when it becomes clear that they aren't stupid but rather malicious then I stop answering questions
Ignored buddy sorry, I'm no longer entertaining your BS. Either ask legitimate questions and make legitimate statement or leave me alone.
This is about filing a MOTION TO APPROVE 210 RSA the motion was filed already, it's not about completing BK. BK most likely won't be complete until about the 28th of April.
Wow, "as per court filings"?????? Which one specifically says April 7th??????
The truth is, there is no contingency date on this deal, it is only contingent on whether it is approved or not. If it's approved we are golden, if it isnt, investor has the right to withdraw.
Exactly, transparency is critical in small companies like this, it builds investor confidence
Absolutely right. I changed my sell order to $1.50 this morning. The more people try to bad mouth this stock, the more valuable it becomes lol
They have absolutely ZERO state tax liability and $275 million in carry forward NOLs with the Feds. PLUS a $4.1 million CREDIT. Considering a 35% federal corporate tax rate, that's a cash value of $96.25 Million. This is a gold mine.
And this is before the BK, it has nothing to do with the BK, this is a result of the sale to Langley.
No, that's not the case. When P10 was formed it was formed as a Delaware corporation so no state tax liability even exists anymore. Best way to look at it is this way
Before P10 there were $235 million state NOLs and $275 million federal
After P10 there are now UNLIMITIED state NOLs because there is ZERO state tax liability and still $275 million federal.
It's a BIG WIN considering tax benefits for the company
No I don't think so, once this is approved P10 will be dissolved and P10/210 LLC will be created, the state NOLs will be a wash while the federal will be transferred to the new company.
EM, again thank you for putting that together, maybe now we can move on from this dead issue
No, it's up to the judge, whose job is to make sure everything and everyone are whole, in which this case it is because everyone agreed, hence the motion to expedite. Good luck to you friend.
I hear what your saying, but Langley agreed to take over payments in lieu of the $1 million, judge will accept because everyone is square.
It's at the request of 210, to protect their investment. Clean slate, no debt, no liabilities, just profit potential.