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If Brown Rudnick went on a % from here out,that signals a strong case IMO. Would love to know how and who arrived at that 50M amount. Look, we got boned on this big time, but i'll take multiples of .08 anytime sprinkled with an ounce or two of satisfaction.
Maybe..or perhaps because the EC has the goods on PP they need a specialist to minimize loss in a settlement. All i could find on pro hack is that it means out of state lawyer not licensed in state where litigaton is being held.
His pot at the end of the rainbow was as clear as the cannabis banners at the bottom of these posts- A big sandbox in a corner of L3's lab he could call his own.
Are you done loading at these levels?
Another brick in the settlement wall..
I like Ms Sweeney's backround,sounds like it's moving towards settlement.
"Given the significant strength of the claims to be brought,we are satisfied the claims bring significant value" Sounds like Brownie is all in for a cut..
Me thinks #2 is well underway..
It's been one of those trips, noone here got it right except the flippers. EOD you still have to have fatih,yes, these urine drinkers broke our trust.
LOI was a red flag,the real tell were the arrests.
Give it a few weeks
We all had higher hopes,and we all have plenty of posts that contradict sentiments currentely
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80271757
That is correct.If he rules the EC has enough to move fwd then it's more than likely there will be a settlement at one point IMO.
https://www.law360.com/articles/866723/implant-sciences-equity-holders-get-challenge-extension The sale funded weeks ago, that was a big hurdle the judge has been focused on us 100% since then.
If the feds have these two soon to be convicted felons from PP in emails to each other stating " bring you passport, and plan on not coming back stateside" nearly three years ago,and their lawyers telling our judge "we most likely won't be able to come up with any documentation"( because it's evidence)..
How many millions of dollars in future revs did PP cost IMSC? How do you calculate those kinds of damages?. This company was in it's infancy relative to income, with a bright future and it was asphixiated by it's criminal lender over years. PP shareholders reaped handsome profits for years in that fund, i have been here over seven years and never made a dime. Where's the equity there Judge Shannon?
Just the facts,with a emphasis on "extortion"
https://www.kccllc.net/imxacquisition/document/1612238161222000000000004
"121. During the relevant times herein, DMRJ was a criminal enterprise associated with
and controlled by Nordlicht, Levy, Small, and SanFilippo.
122. The conduct of DMRJ through its actors Nordlicht, Levy, Small, and SanFilippo,
as alleged in the Draft Complaint, constituted a pattern of racketeering in the form of, including,
but not limited to, fraud in the sale of securities, extortion, mail fraud, wire fraud, institution
fraud, and interference with commerce. DMRJ's actions as alleged in the Draft Complaint with
respect to Implant Sciences constituted a continuous and related scheme to defraud the Debtors
in order to enrich DMRJ."
Bought quite a few today, like Dec 09 all over again. Yeah,any whiff of a settlement this triples in an ahem.."New York Minute"
I think our esteemed BOD skate any charges. I think shareholders return is all hinged firmly on PPs's ability to produce documentation. I also think they won't provide any as it might incriminate them further. The less documentation the higher the award for us. The judge already knows they are dirty. I wold also think their lawyers are advising them to settle, as it's not about the amount of money but amount of jail time. Their mindset is quite different than ours currentely.
Good thing a lawsuit was filed prior to BK Bob's latest shell game.
They are still here squeezing it at .08 like they did at a buck.
If they do lurk here, are they aware the BOD vanished in the middle of the night like the Baltimore Colts?. That the CEO never had the balls to even address shareholders post BK?. That he hid the hand held from shareholders.? That I wouldn't lend the arrogant prick a hand if he was lying across train tracks.
Good, let em. I'll gladly give up a a couple million in fees to reduce it 30m.
If we only knew the "major event " language meant BK.
Well played Percy, but hope you can understand i'm still riding the bitch to zero.
Big shareholders have big ego's and big attorney's. If i just got burned holding a few million shares i would tell them to go for their balls on principle alone. If they are anything like me at this point, i would gladly take nothing out of here if the BOD get's the same. Let it drag out, and watch them squirm as their coin evaporates in legal fees, we already got our rectal cleanse.
that's what i was thinking.
So now that the sale is final what do you see as our worse case #?
That's what they want you to think. Companies that do 50M in revs with several hundred M in contracts should not have a problem getting better than 15% financing. PP was in trouble as far back as spring 14 with that gulf rig explosion, and knew then their only cash cow was ISC. GB was looking for new lending, and probably would have been successful. That went over like a fart in church with PP, was why he got turfed. The new crew was put in, and said nothing while PP sucked millions from the ISC teat for another year and a half till another fvck up on another scam deal got them arrested. Classic Madoff robbing Peter to pay Paul. This whole think reeks,the fog is lifting and it makes clear sense now why they didn't make certain fundamental biz moves- i would be shocked if there wasn't at least some criminal intent proven.
He was a lot better for your wallet than these cowards,what I wouldn't give to be able to off this pig for what the SP traded at during most of his tenure.
GB was at the mercy of the Govt relative to timelines. Sure he missspoke and bumbled a bit, but the calculated willfull intent variety deception started when the current BOD took to wheel. It's not about a condo in the city at this point.
Does it state if the "performance" bonus was for building the ISC brand, or putting together that ZAP news conference?
Yes, while BL worked the Zap smokesceen,BM got his smock ready for his new lab at L3,and like rats abandon ship with their shareholder plunder. What quality human beings.
Exactly, he was pleading to us to come to our senses and drop the lawsuit so he can save valued shareholders the monies that will be devoured by interest and Atty fees. Or,more precisely he wants to ring the register before further investigation allows the judge to freeze the funds.
That letter to shareholders from Turmelle was a cry for help. The other two are in trouble and most likely have been advised not to speak as it would further incriminate themselves. As the layers of this onion get peeled back there will be damning evidence that will ultimately benefit shareholders IMO. Such self serving cowards, they would make some of the men on the Titanic look like heroes.
I'm sure he knew L3 was going to be the end play,and stroked his ego thinking he would have biggest sandbox around to tinker with his ETD toys. It was painfully obvious from the get go he had ZERO interest in shareholders,and the SP reflected that.
true dat, but pales in comparison to the manipulation. Conjecture didn't kill this,about to be newly minted felons did.
And who would have believed him?. After all,we were getting the father of ETD for CEO at the time. Say what you want, but that coward drove this train right off the cliff with intent. How do you not know he and these other complicit BOD members aren't getting incentivised from his buddies at L3 for crippling the company so they could steal it for half off on a fire sale?. If you don't think there was the possibility of an orchestrated conspiracy to crater this company by big forces for years not sure what to tell ya. This story is just now starting to unfold..expect the unexpected here as always.
Zactly. I have a good enough feeling that we will see a reduction in the debt owed that i am going to ave down next week. Might only get to a wash in the end but when your down 85% who gives a crap, Vegas baby!
All makes sense now doesn't it? "Platinum is the only game in town" BL on one CC call. Not like i've got much to lose at this point but i do feel ISC shareholders will see some compensatory monies. How much who knows but you are talking millions of $ through conversions since the current coward crew were put in.