finally a little bit of volume selling off. Not sure why they've waited this long

pretty incredible this thing still trades north of .50 and a market cap of 7m

August 14th delisting

https://www.sec.gov/Archives/edgar/data/1720201/000121390019014976/f8k080519_ipicentertaiment.htm

this may end in tears

can Nasdaq just send the delisting notification on this already so the Q can be added? Paging Renee

pretty crazy this still trades at .65 granted its only 7.6m market cap .... 205m in debt, huge amount of leases. doubt 16 theaters with 123 screens fetches the at least 225m needed to even have a chance at recovery for equity but in this world who knows what could happen.

Past Movie M&A:

Starplex acquired for 172m had 33 theaters 343 screens

Marcus theaters buys movie tavern for 126m consideration, 22 locations 208 screens

Regal buys Hollywood Theaters, for 238m, 513 screens 43 theaters

Granted Ipic has nicer theaters but revenue is revenue IMO

looks like the 158m total included the 18m they got for personal creations last week. coming up 0 for ftdcq

scratch that 158m total. guess they divided up the assets. could be some value left for equity

only got 118m for ftd assets according to wsj report. wont do the trick for equity

docket #421

Debtor received additional bids to stalking horse bid with the FTD Assets, Provide Commerce and Gourmet Foods.

Postponed auction 9 days ( for everyone to prepare?)

Industry player could pay a better multiple of revenue than PE shop can IMO

Who knows what the final number could be but a .2 instead of multiple of rev vs the current .1 would launch this into the money.

cue Renee, delisting happening.

Also confirming the obvious in the 8-k:

"It is unlikely that holders of the Company’s common stock will receive any recovery on account of such securities"

https://www.sec.gov/Archives/edgar/data/1516479/000156459019022153/insy-8k_20190610.htm

Parent company itself didn't file for bk, their sub did. Shareholders of the parent get to keep the cash there (which is not much but still), NOL's, and the nasdaq listing. Most importantly their intercompany loan claim with Aegion has been upheld which was 34m, and has been involved with the restructuring agreement giving shareholders about 8% of the new co, or 84% of the initial claim ie 30m.... Whitefort capital has been active in this name all along and has continued to buy post filing. trading at 15m now i only a little bit of it.

peanuts

you pay money for this?!?!??!? HAHAHHAHAHHAH

why are you posting this to me, im out of it, i've made my bank

Wouldn't surprise me. I'm out of it now though.... i'll wait and see where it's at around next conference call

boy has my call since Oct been spot on.... helped that i added some Friday 55 puts yesterday too ... BOOYA

FD im long now guys lol

Hello $KONAQ

welp that was crappy timing lol good thing it was just a starter position

took a starter short position in this. Breedlove leaving not good.

sorry gents, had to short this again, that rally was unnecessary and the plan came the equity's getting nothing

shares are worth nothing. Not even a stalking horse bidder for this company

strong support at ZERO

A co. has to restate earnings they announced only 3 weeks ago!! hahah

paying 25% on a 8m loan (INSANE)

Still probably can't make monday's payment!

This thing is collapsing!!

and they're like, it's better than yours

up 10% on no news except a delisting notice? This got market manipulation written all over it. Started a small short yesterday, but come Monday morning if it still acts like this, im shorting the hell out of it

Why'd this rally so much? Plan came out on April 1st, common gets nothing

some big dumps at the end of the day followed only by tiny trades at the last second to have a better closing price. What more tricks will be pulled before next monday?

delisting notice ruh roh

From the NT 10-K

"As previously reported in Part II, Item 9A, “Controls and Procedures” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, the Company has identified a material weakness in its internal control over financial reporting, which material weakness remains unremediated as of December 31, 2018. The Company is in the process of completing its evaluation of internal control over financial reporting and may have further deficiencies to report. In addition, the Company expects to continue to report that there is substantial doubt about its ability to continue as a going concern."

You guys have been warned by mgmt

caveat emptor

i just want to know where they're getting the cash for their bond payments. nothing more

i mean it's not like the problem im raising happened today lol it's been happening for years (notice how it used to trade in the 40's and now it's at 3?) hahah ... i assume you're long. good luck picking up dimes in front of bulldozers

according to finra its about 74m due on monday

i have. they couldnt give me an answer

i just want to know how they're going to make their bond payment monday. that is all.

considering im the only one on here....warning to other users when this files bk and the pump and dumpers come on here claiming of book value, they wont know what theyre talking about.

According to the 1904321th amendment:

"“Maximum Outstanding Amount” means (i) as of the Fifteenth Amendment Effective Date, an amount equal to $236,809,000 and (ii) as of April 15, 2019, an amount equal to the lesser of (x) $135,809,000 or (y) $236,809,000 minus the Actual Reduction Amount"

They got at most 72m in proceeds to pay down this down from 236, which means the lesser will most likely be the 135m..... and that they need another 30m in 10 days