I can't believe people are actually considering or interested in what Bob Liscouski is planning on doing with his new BS company. He was vice president of the company that just scammed you out of all your money and now some are interested in Bob's new business plan? I can tell you what Bob's new business plan is. Bob's new business plan is scamming you out of the money that you just lost (98% of it) but now want to reinvest the last 2% with the same person that Scammed you originally?

He won't see a penny in his new 'scam point' advice column in the newspaper.

I would not be surprised in the least to see an announcement from BR today or tomorrow regarding a committee settlement meeting date scefuled fir this month. VThere is really no need for this to go much longer. It's a group of 12 or so people getting together to discuss $80 million dollars. It's as important as anything either side currently has going on internally.

So with all the back and forth today.

How much money is 'in the kitty' ........today for our 'investment'.

$16M?
$10M?
$19M?

Geezus ...

"But they had to build up inventory as part of the deal since the start of bankruptcy, therefore 10 million of inventory on the sheet will go away as part of the L3 deal."

So they had to spend 10M since declaring 11 and selling all the assets to L3 to build out orders.....and investors are gonna lose that money? That just does not seem logical.

L3 pays for the buildout post BK because when they deliver and get paid for those units, THAT money for building them, plus profit they will get back. I think the L3 deal was suppose to be a few weeks early....I can see paying some basic operating expenses.

That sounds right ya.

Imscq has what? $15M left over less some EC fees. Say $10M

Just that is 12.5/share.

Both want a deal. My bet? EC comes out with 45M #, Lawyers for PP Trustees say 5M. They will get 5-15M is my guess.

Add the 10M that's 15M-25M or .18-.31/share.

What's the ECs % cut of any settlement amount pre litigation or are they working off the $2M

"But this is at least another 12 months or more."

Where is the proof? This is just a wild guess baseless

I heard the same through a friend who had the exact same conversation.

It's a travesty Bolduc didn't call the police two years ago instead of taking 2 years pay, apartments, etc. That selfish decision cost PP investors and Imsc investors literally hundreds of millions of dollars.

Impressive bravery Bolduc.

you said the EC has a lot of investigation work to do, I say much of it is already done. What proof do you have that the EC cannot use the federal indictment information if it shows a connection. Very naive thinking.

The Feds and the SEC are going through every piece of evidence to use against PP in order to get the indictments and to prepare for trial. If PP did illegal things with respect to Imsc, it's known or will be known and they will provide the evidence. It's already done or will be done. EC doesn't have to sift through mountains of evidence, it's done for them!

Thinks outside the box a bit rent-a lawyers

Sorry RB, no dice there......Better check your facts.

Courts and juries convict people, not based on solid proof, but based on "beyond a reasonable doubt". They do not need a confession or photograph/video of the crime.

My submission is just more evidence. Its all evidence....we are building evidence. No case is iron clad.

Get over it

* “The fact that somebody is committing a crime in one place does not constitute evidence that they’re committing a crime someplace else".

Lol.....this is astounding! I guess the judge will rule in the EC's favor! I originally thought the case against PP might be dismissed before trial. Their lawyers are apparently admitting that they are criminals! Imagine having an attorney representing you in a murder case and before trial someone else is murdered.

Then your Lawyers say to the court, before trial mind you: "The fact that somebody was murdered in one place does not constitute evidence that they murdered someone in another place?" They are implying that 'ya, my guy is guilty for the murder last week, but that doesn't mean he murdered that guy cross town this week your honor.

OMG-talk about a gift!

Where is the proof for that.....

Try reading it again. The constitution says nothing about it being unconstitutional to provide, proof, on a message board that the BOD will not be indicted in the days to come. Not prove innocence, post does not say that.

Again, provide us here proof that the BOD WILL NOT BE INDICTED.

Priority #1 - get settlement on debt
Priority #2-as the PP investigation continues?
Priority #3-additional indictments will come.

Just because they are not indicted today does not mean they will not be indicted 'tomorrow.'

Where is your proof that Imsc BOD will not be indicted in the days to come? We need proof.

Proof?

You do not get proof, that comes out in trials. Until that time you get arrested, indicted based on the evidence then tried.

What's this 'I need proof' .....

Bolduc took the golden parachute rather than doing the legal/honorable thing which would have been to protect investors interest, blow the whistle and have indicted PP 2 years earlier. He talked quite the game in personal phone calls....

In the end?

He Sold investors down the river.

Well done Bolduc, I'm sure your family is thoroughly embarrassed.

"we might all need to decide whether to keep several cents per share in a Secure Point investment with Bob L, what is possible-intelligent-prudent-****. "

Bob Ripoffouski is no different than Bill McScam

How is Liscouski gonna run Scam Point from prison?

I bet you dollars to donuts that a major news network (like a 60 minutes) is working right now on this storyline and will broadcast it somewhere down the line....

The media hates trump. His son in law is an advisor to the President. Kushners parents lent Huberfield money in this scam. It's a HUGE story in that respect.

What's that mean for us?

The lawyers for PP and their trustees best take a settlement or they will pay dearly with the coverage to come. They'll look like deer in the headlights

Sure they all knew, but continued to say the company was a good investment. If, the BOD knows they are filing for BK, but continue to say in a CC that Imsc was an 'attractive investment?' That's?

FRAUD

The May 2016 CC BOD was asked 'why don't they but shares?' The five of them were silient for 10 seconds on that conference call before Roger Duschenes said '.43 is a very attractive entry price'.

THATS FRAUD

All we need is the email to come out or testimony that showed they knew BK was the end game when they were also telling investors to buy and we got?

PRISON TIME for those guys.

We'll get them. Trust me.

Sleep tite BOD and CFO

Great point about % payday BR. Ya, 'no case for EC'....'no facts here, this is s shareholder long shot'.

We are a law firm that likes to spend thousands of man hours on a flimsy case in order to get paid in a % basis of the award.

'You got no proof, no facts'

Oh really...

The guy that set the house on fire at the other side of town? Did he burn down our house? We know he did and he knows he did. Nothing has to be proven here.

Why do we have to prove anything? Fact is?

We don't.

People and entities make deals all the time to end the inquiry.

He's a BK judge, its his job to 'protect secured creditors'. Once in a Criminal court? The judge can say 'sorry secured creditors you get ZERO based in criminal activity. What criminal activity? It's not like these guys might get investigated or charges might be filed, or by some stretch might get indicted. They HAVE been investigated, arrested and indicted! By the federal government!

'Imsc still has not shown any criminal behavior though...where are the facts?'

The facts are:

1. Our secured creditor is under FEDERAL indictment for CRIMINAL ACTS

That's a fact.

Totally correct bro mah

This is ALL posturing at this point. Lawsuit flavor is judge is totally onboard with Implant was a victim of PP in a HUGE way. We invested in a dream that came TRUE! No multi billion market cap company or popcorn eaters gave this company a chance. What did they do? They BEAT multi billion dollar market cap companies! At what? Their own game....

Show me ONE pink that did this EVER!

PP extorted, insider traded, and colluded against a WINNER to make it a loser based in their greed to cash in ILLEGALLY WE invested in a winner! PP investors invested in a crime syndicate. OUR company played by the rules! PP investors invested in criminals.

They lose.

PP knows through today's action they are NOT getting it all back. Seeking additional counsel is an admission of that and an attempt to minimize damages.

Case closed.

HOLY SMOKES!!!

Plug $50,000,000 + $10,000,000 into your model!!!!!

$60,000,000 divided by outstanding shares 80,000,000 is

.75/share!!!!!

Even if the EC fumbles a bit (it happens) and only gets half of the 50M?

Still .375 a share !! That's a 450% gain from here. What's that model say? Curious as all heck..

Not quite.

In this double BK/criminal case? you get back what you are owed.....at BEST. You don't get the 'sweetheart deal' in this case extortion fees just because you made some outrageous deal to fleece a debtor. They might have a prayer to collect on those if they were not indicted and in BK themselves?

But as such ? Not so much.

Sitting around eating popcorn thinking this double BK federal indictment case is Purity bank collecting on a loan, not gonna happen on a dollar for dollar basis not to mention this:

7,000 shares of imscq worth $7M? What planet are we on? I don't care what Duchense put together on that piece of toilet paper. That guy is a hack. He was corrected by an investor on his numbers in one spreadsheet...

The only 'preferred shares' here?

The ones bought last week for .067.

PP's preferred shares? Not on this planet.

Gets resolved in a settlement.

How did they prevent Imsc from getting better financing? By firing the guy that was getting it and putting in his place McGann and Liscouski who only wanted CIC payouts and bonuses while screwing investors that's how.

The $85M?

Is going NOWHERE right now!

Judge sees PP as criminals not deserving of much, IMO. It's extortion. A bank loans me $100,000 on a 30-year loan at a rate of 15%. After 5 years I find another bank that will finance me for 3%. My original bank says 'sorrry? You must stay with us???' I then I have to file for BK Because I cannot afford the loan??!!
Not in this country.