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This is an easy 5 bagger
We should see .25 ~.35 average this week. WAY HIGHER after next PR regarding steps going forward and offers for the energy storage patents.
What's good is the symbol changed, judge must have approved the filing.
by the way, they aren't paying 2.5 million to get out of lease, they are paying only $1 million
B. Settlement of Claims with Legacy Purchaser. As provided in the Langley RSA, pursuant
to Bankruptcy Code § 1123 and Bankruptcy Rule 9019 and in consideration for the agreement by
Legacy Purchaser to (i) accept an assignment of the Braker Facility Lease, and (ii) release the
Debtor and Reorganized Debtor from all Claims relating to (a) the November 2016 Sale
Transaction, (b) the November 2016 APA, (c) the Braker Facility Lease, and (d) the Stonehollow
Lease Assignment, [color=red]on the Effective Date the Reorganized Debtor shall make a Distribution to
Legacy Purchaser in the amount of $1 million less the Debtor’s security deposit relating to the
Braker Facility Lease. [color=red][/color][/color]
Exactly right, nobody knows about this no name company. However, if an interested party comes along with a name worthwhile to mainstream publications, we are going to rocket. The float is extremely low, so if a company like GE, for example, decides to enter into a licensing agreement for one of the patents, then hold on to your boots....I'm not saying it's going to happen but $15 million dollars is a lot of money. 210 must have something like this in mind for them to put up that kind of money. Also, per the conference call, the 2 remaining employees accepted to be paid mostly in shares this year as well. The next few weeks should be very intereS ting if you ask me!!!!$$$$$
Good morning to you too Herb, I'm looking forward to making money with you here. Hopefully it won't take too long. I was able to grab some yesterday, not much but enough to keep it interesting... best of luck friend.
Lol, let's just make some dough
Because this is the stock market, furthermore the pink sheets. All eggs in one basket??? NEVER, not even blue chip companies.
So what? There are currently 40 million authorized and the only ever issued 23 million. This management has never diluted, even when they were in need. The new investors came in paying an 87% premium for the 48% ownership. They need shares to sell the new partners. I'm not worried about them having a few extra shares in the treasury.
The best part about this Chapter 11 filing is that they get to keep the net operating losses. So basically, no Debt, no lease obligation, $5 million in cash, $10 million in credit, 21 owned and paid for patents, and practically no expenses. Yes the stock took a hit, but that's only because nobody knew the details of the most recent filing, all they heard was Chapter 11 bankruptcy. But when that Chapter 11 bankruptcy is the reason for an influx of $15 million, preservation of common stockholders value, the ability to monetize the 21 patents, and retention of all net operating loss tax benefits somewhere around $200 million, then I see this Chapter 11 filing as a blessing that increases shareholder value five fold. I'm not saying dump your life savings into this, but investing a couple of grand isn't going to hurt your pocket it's only going to make it a little fatter .
Here is the link to FULL DISCLOSURE
https://www.p10industries.com/restructuring-filings
No problem, we all share the same goal$$$ . Good luck everyone.
There will still only be 2 employees, taking mostly stock for pay this year. They currently have inquiries on a few patents and are looking to mainly use them to create profitable partnerships, sell patents ONLY if price is right. Also, they expect this whole process to be over soon with all paperwork viewable on their website, they are trying to be as transparent as possible. All current shareholder value is protected. I can conservatively put a near future range of .75-1.25 share value on this company. 210 capital bought in at an 87% premium when the deal was made, which means they could have bought in for almost half of what they did. Also, they have come to agreements with all of their creditors so nothing will be contested in bankruptcy court. I'm happy with the direction they are headed in.
I asked him on the call, he's asking to raise it to 80 million. I expect half will be issued to cover expenses and other half will be kept in the treasury.
This company is way undervalued.... listen to call on the website tomorrow and you'll hear why. They are very honest and confident. Clean balance sheets.
Authorized shares won't cover the investment from 210 capital so they are asking the court to increase the share structure.
Just got done asking the first question... it's seems like a very solid deal, no debt, 4.5 million in cash, already have an interested party in a few of the patents.....
Anyone else listening to conference call? I'm currently on hold.
I am 99.99% positive that they already have acquisitions in mind that utilizes their patents, there is absolutely no other reason for an outside company to invest in P 10 industries, 210 CAPITAL knows what they're doing, they put $15 million into a shell corporation that has outstanding liabilities when they easily could've started a new corporation publicly traded for less than $150,000. All of this is smoke and mirrors they know exactly what they're buying into, already know how to monetize, are expediting the entire process, and waiting to get PAID.
I am looking very forward to the conference call this afternoon it's going to answer a few questions and give this stock a firmer support at a much higher price..... this thing is still a bargain I just don't have any more liquid to pour into it..
Yes, then re-evaluate every 3 months, making the amount in question contingent. This play puts the company in a much stronger position.
That's what the full lease amount is, they are getting out of it , just need judges approval....
This is the best part
"Funds will be available for distribution to unsecured creditors."
We are PROTECTED
I just read the entire report, 52 pages. Solid plan, I hope the judge agrees.
It definitely will, the float almost doesn't exist.
It might be temporarily but that won't hit the price too hard, this is a small company with very little exposure. Anyone with enough shares to affect the price is already aware of what's going on, this is definitely a $1 company within the next 2-6 months, at least .50 in the next few weeks.
210 paid .215 for partnership, outsiders won't get in at that price once the ball gets rolling on the patents, nobody dumps 15$ million in a losing company, they're getting a deal because it's more of a bailout than a buy in. The market is skeptical because it is a pink sheet, once the conference call is over and the documents are released tomorrow we will know more about where they are headed. The deal hasn't been signed yet between the two companies, once it is .50 will be in the past. It's gonna take a few weeks but look how quickly they are moving... they filed a chapter 11 yesterday and the hearing is today at 8AM..... they are EXPEDITING everything. We need to sit tight.
That's a little low
I think that's where they got the 5 million shares that weren't in the treasury for a total of 48% of the company. Honestly, it doesn't matter now, we'll know more during conference call later today
The hearing is going on right now 8am Texas time....
Here is the bankruptcy filing, it's only for 2.5 million (including lease), they will get out of the lease, have cash in bank, plus an extra $10 million to invest. This is solid.
https://www.inforuptcy.com/filings/txwbke_318406-5-17-bk-50635-p10-industries-inc
Good for you, easy money coming, maybe not life changing money but definitely some vacation dough and some
Doubled up!!
All I can say is I'm glad I held tight..... time to sit back and watch the show....unfortunately I didn't buy more yesterday and I know I won't get my orders filled today at these prices, ask is already back up to .25
Just put a bid in to try and grab some .115 shares, hopefully I can get some.... fingers crossed...
Being only 40 million authorized shares, .215 cents per share, 23 million outstanding shares, they will issue all shares in the treasury, and be short about 5 million shares, which my come from the float....
There are only 40 million authorized shares.....
Chapter 11, only obligation is the lease. No damage to us. They're paying 4.6 million cash for 48% ownership..... this is at least .40 per share, add another $10 million invested, it becomes a $20 million company, only 23 million outstanding shares, super small float??
Exactly, they pouring $15 Million into it just walking through the door, with only 23 million O/S that puts this at .60-.75 cents a share as of tomorrow !!
Get ready for some $$$, the market value just tripled, at the very least