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.
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.
The company would have to buy everyone out at current bid price which makes no sence why people are selling
8. On the Effective Date, Debtor shall cancel all outstanding equity securities,including stock, options and warrants, and complete such regulatory requirements to delist Debtor’s securities from the public market.
The members of a board of directors can authorize the repurchase of shares by the company. The bylaws may require the shareholders to approve this action, as a buyback means spending the company's cash. In order to cancel shares, the company must first redeem them by paying the current price on the public stock exchange. A redemption of shares reduces the number of outstanding "issued" shares available to public investors, also known as the float.
https://budgeting.thenest.com/happens-value-issued-stock-common-stock-redeemed-canceled-32057.html
DOLLARLAND HERE WE GO!!!!
$PTSXQ BREAKOUT TOMMORROW ..HUGE NEWS OUT!!
$PTSXQ FULL DISCOLSURE AND FOWARD OP PLAN OUT!!! BIG MONEY AHEAD!!!
PTSXQ HUGE NEWS OUT!!!!! OVER 1$ INBOUND!!!!
$PTSXQ!!! HUGE NEWS OUT!!!! DOLLAR INBOUND!!!!
BIG NEWS OUT ... SEE BELOW!!!!!
https://www.pacermonitor.com/view/ASYOOCY/Point360_a_California_Corporation__cacbke-17-22432__0232.0.pdf
Disclosure Statement with Proof of Service Filed by Debtor Point.360, a California Corporation
BAMN THERE WE GO!!!
Chapter 11 Plan of Reorganization with Proof of Service Filed by Debtor Point.360, a California Corporation. (Landau, Lewis)
Looks like they are launching a countersuit against the creditors for over 5m$ in damages
UPDATE!
Adversary case 2:18-ap-01141. Complaint by Point.360, a California Corporation against Medley Capital Corporation, Medley Opportunity Fund II LP, Deloitte Corporate Finance, LLC, Deloitte Transactions and Business Analytics, LLP. (Charge To Estate). Nature of Suit: (14 (Recovery of money/property - other)),(81 (Subordination of claim or interest)),(02 (Other (e.g. other actions that would have been brought in state court if unrelated to bankruptcy))) (Landau, Lewis)
still nothing on pacer
Should have news within the next 40 minutes or so
Tuesday, May 08, 2018
229 order Appear pro hac vice (BNC-PDF) Tue 11:22 AM
Order Granting Motion To Appear pro hac vice (BNC-PDF) Signed on 5/8/2018 (Kaaumoana, William)
Looks like they are in court right now...
Nothing yet... its only 9 am in cali.. so we will see
No problem. there's also a chance that if the courts approve we may not see a pr until the bankruptcy is finalized... which I believe is 3 months from the approval making it around Aug 8th. but either way its a major milestone thats needed to boost this stock.
Hopefully its approved by the courts and there is a pr on it...
No, but tomorrow they need to have their plan presented before court so that will show up sometime tomorrow.
Even looking at the average for the last 10 years .50 is a solid bet for this stock... only once did it drop 2 20 cents then it shot up over a dollar...definitely a safe bet to get in at these levels before the run.
$PTSXQ
$PTSXQ .010-.14 HUGE GAINS SOON
LAST FRIDAY:
Withdrawal of Claim(s): 20 Filed by Creditor BB&T. (Page, Aleksandra)
SOON WE WILL SEE DOLLARS HERE!
$PTSXQ
ALL COURT CASE INFO:
https://www.pacermonitor.com/
CASE: 2:17-bk-22432
RESTRUCTURING PLAN FOR PTSXQ MAY 8TH ...KEEP AN EYE ON THIS WINNER!!
$PTSXQ BIG NEWS COMING MAY 8TH... WATCH IT MOVE!!
its been slow, people are just waiting for the news.
MAY 8TH is when they present the plan to the courts
I believe (not 100% yet) that they have 90 days to complete the bankruptcy after the plan is released. Although with how quick they are moving and the almost daily case reports on pacermonitor they may complete it sooner than that.
$PTSXQ
Easily 1.5 ... hopefully the restructuring and foward plan is pr'ed on may 8th latest may 9th..will definitely see a huge run on this.
Go $PTSXQ
Mark this one in your watchlist ...$Ptsxq!
May 8th debt restructuring and foward operating plan inbound. Possible uplisting once bankruptcy is done!
Do your dd on this one. I belive it willl run big 10-20x
Is there a link for the uplisting?
$PTSXQ 10X+ BAGGER INBOUND SETTING UP FOR MAY 8TH RESTRUCTURE PLAN.
$PTSXQ NETFLIX PREFERED QUALITY CONTROL VENDOR
DEBT RESTRUCTURE AND FOWARD OPERATING PLAN DUE MAY 8TH- WILL EASILY BE 5X-15X THE CURRENT PRICE WHEN DONE!
$PTSXQ NETFLIX PREFERED QUALITY CONTROL VENDOR
DEBT RESTRUCTURE AND FOWARD OPERATING PLAN DUE MAY 8TH- WILL EASILY BE 5X-15X THE CURRENT PRICE WHEN DONE
$PTSXQ potential 10x-20x gains in the upcoming weeks
$Ptsxq $.04-0.07 restructuring plan due may 8th
Looking like things are finally getting heated up
$ptsxq
$PTSXQ Netflix Preferred Vendor
BANKRUPTCY CASE ALMOST COMPLETE... MAJOR GAINS INBOUND IN THE NEXT FEW WEEKS ...
Case #: 2:17-bk-22432
should easily see 5x-15x gains from these levels here soon