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Nothing here yet, I'm on TD.
No holding pink sheets for me ever again!!
Holding $KBR now. Great financials and huge potential but still shaking of a dark past with Halliburton.
Any word on a disbursement?
Why is this board so quiet? KBR has decent earnings, P/E, and dividend?
What was the significance of this June 7th date you refer to.
SeekingAlpha - Thorough analysis
https://seekingalpha.com/article/4178124-bulls-confuse-nfusz-story-fairy-tale
Undersold... P/E -4.87
Really? Do you honestly believe that? Insider trading, corrupt OTC market makers. For every stock sold into these manipulated SP dives, the insiders are shorting this stock and laughing all the way to the bank while fleecing your hard-earned wages. The legit way to raise money is to do an IPO on a regulated exchange and be held accountable to your shareholders and the SEC. I've been through this bullsh*t before. This stock will go to ZERO and the common shareholders will be liquidated when they turn out the lights and move on to their next sleezy project. IMHO!
Listing rqmts for NASDAQ: Reverse Split!
I'm buying into nFusz on today's news about Oracle partnership. I hope to pump the stock a few times and make back some of the cash IMSC stole from me. #FUSZ #nFusz #NotifiCRM #Oracle #NetSuite $FUSZ $ORCL
I'm in! Let's see if Oracle can take us all much higher!
Better call Saul!
From the website:
http://www.kccllc.net/IMXAcquisition
Important Dates, Deadlines & Documents
Hearing on Board Members Motion to Approve Administrative Expenses
Notice of Hearing
April 23, 2018
(10:00 a.m. (ET))
Omnibus Hearing
Order Scheduling Omnibus Hearings
April 12, 2018
(10:00 a.m. (ET))
Omnibus Hearing (Cancelled)
Notice of Agenda for Hearing Order Scheduling Omnibus Hearings
March 8, 2018
(10:00 a.m. (ET))
Professional Fee Claims Bar Date
Notice of Occurrence of Effective Date
September 25, 2017
(4:00 PM (ET))
Administrative Expense Claims Bar Date
Notice of Occurrence of Effective Date
September 11, 2017
(4:00 PM (ET))
Rejection Damages Claims Bar Date
Notice of Occurrence of Effective Date
September 11, 2017
(4:00 PM (ET))
Plan Effective Date
Notice of Occurrence of Effective Date Confirmation Order
August 11, 2017
Confirmation Hearing
Notice of Entry of Order Confirming Plan Confirmation Order Notice of Confirmation Hearing
August 3, 2017
(10:00 a.m. (ET))
Voting Deadline
Notice of Confirmation Hearing
July 27, 2017
(5:00 p.m. (ET))
Disclosure Statement Hearing
Second Amended Notice of Agenda of Hearing Notice of Disclosure Statement Hearing Plan and Disclosure Statement Documents
June 14, 2017
(11:00 a.m. (ET))
Governmental Bar Date
Notice of Bar Date Bar Date Order
April 6, 2017
(5:00 p.m. (ET))
Sale Closing Date
Notice of Sale Closing and Effective Date
January 5, 2017
General Bar Date
Notice of Bar Date Bar Date Order
December 27, 2016
(5:00 p.m. (ET))
Sale Hearing (Cancelled)
Notice of Cancelled Auction Sale Hearing Notice Order Scheduling Omnibus Hearing Dates
December 16, 2016
(9:30 a.m. (ET))
Meeting of Creditors
Notice of Chapter 11 Bankruptcy Case
November 18, 2016
(9:30 a.m. (ET))
Hearing on Bidding Procedures Motion
Amended Notice of Agenda Bidding Procedures Motion
October 26, 2016
(11:00 a.m. (ET))
First Day Hearing
Notice of Hearing to Consider First Day Pleadings Amended Notice of Agenda
October 12, 2016
(11:00 AM (ET))
Bankruptcy Petition Date
Voluntary Petitions
October 10, 2016
Does it still read total current value: $0.00 and percentage loss 100%
?????
What are you referring to? I'm not seeing anything in my accounts.
"...something changed in both accounts re IMSC shares today."
Gearing up for another amazing surprise quarter of positive earnings!!! Always a nice push down just before the after earnings report POP!
At the end of the year I reached out to this firm. I never heard back from anyone but within a week or so of contacting them we all got the request for W9 info. Now there are new dates on the schedule of case-related events going out through April 2018.
http://www.kccllc.net/IMXAcquisition
Well, Here we are in 2018!
I just sent mine in!
I received a letter yesterday with a request to complete a W-9 for processing the "plan" distributions. Must be submitted by 12/31/17.
There are important dates and contacts listed on this site if anyone feels so inclined to dig for info. I don't know enough about this stuff to know if were already written off or if we get a parting gift.
http://www.kccllc.net/IMXAcquisition
Thank you <rettacs>. I see the light!
I must have missed something in the paperwork. I interpreted it this way. If the plan was accepted, it would separate the shareholders into two categories, those that wanted the payout and those that wanted to retain their shares post-reorganization. Where did you read that all shareholders were subject to one choice or the other?
I assumed the common stock was the class 6 interests since all the ballot documents mailed to me only referred to my voting rights as a class 6 shareholder. Maybe I'm wrong.
The vote resulted in the "plan" being accepted. Therefore, depending on your voting choice, you will either receive a cash payout for your class 6 shares or retain them as shares in the reorganized Secure Point Technologies company.
“The Plan provides for the substantive consolidation of the Debtors and provides for the unimpairment and/or payment, in full, of all Allowed priority, administrative, secured, general unsecured claims, and Preferred Interests, and the option for Holders of Allowed Class 6 Interests in Secure Point Technologies, Inc. (f/k/a Implant Sciences Corporation) to either receive a Class 6 Distribution in cash or retain their shares in Reorganized Secure Point Technologies for the purpose of pursuing a Potential Business Venture.”
Does anyone have a clue what comes next for those who voted to stay in the game?
Mucho trading volume!!
Sure is quiet around here!!
Is there a way to confirm that your vote was received and processed?
I received my voting package in the mail the other day. What's the consensus on this message board, PLAN DISTRIBUTION OPTION or hold shares and hope for the best emerging from bankruptcy?
I'm sure this has already been discussed, but it looks like the liquidation calculations in the voting package put us between $0.06 to $0.08 per share. That's where we are now on the open pink sheet market.
NT 10-Q Notification of inability to timely file Form 10-Q or 10-QSB
Acc-no: 0001556244-17-000013 (34 Act)
Does this "company" have any Internet/Pubic Relations presence at all? Or, is it all tied up in litigation? Is there a business plan anymore, or are we just hoping to get tossed a bone from a bunch of corporate lawyers.
I found this on Bloomberg.com but I think it was just pushed out as a guesstimate back when they changed their name.
Secure Point Technologies, Inc. expected to report Q3 2017 results on May 15, 2017. This event was calculated by Capital IQ (Created on February 22, 2017).
I originally made some money trading this stock but I got greedy and now I'm taking a bath like everybody else.
Why so quiet today???
There's nothing left here. My excitement about this company was based solely on the innovation of new ETD technology. The intellectual property, assets and contracts associated with that innovation have already been removed from the value of the IMSCQ shares we are all holding. This letter from Michael Turmelle is essentially an apology that anyone still left holding common shares are going to receive nothing at all.
So, can someone tell me if there is any reason to hold onto these shares? I'm thinking this ~$0.15 share price is as good as it gets.
That's the same way I felt when GM zeroed out their common shares, screwed my family, and then continued to "restructure" into the same company they were before their bankruptcy.
Still have faith?
http://www.yourdefencenews.com/l-3+agrees+to+acquire+implant+sciences+explosives+trace+detection+assets_137325.html
When a company files for Chapter 11 bankruptcy, the management of the company is still in charge of the daily operations. That said, significant business decisions, especially those pertaining to debt or debt securities, are sent to the bankruptcy court for approval. While the firm is in Chapter 11, its stock will still have value, but there is a temporary trading freeze. Although the stock will be delisted, over the counter (OTC) trading may still occur. In other words, the equity a broker has invested in the firm is not valued at zero, but their true value cannot be easily determined since the shares are no longer publicly traded.
If the company proceeds to file for Chapter 7 bankruptcy, the company's creditors are paid in a specific order. Generally, investors or creditors are paid in the following order:
1) Secured creditors
2) Unsecured creditors
3) Shareholders
Usually, little to nothing is leftover for shareholders after the more senior creditors are paid. However, if the company restructures and emerges from Chapter 11 as an improved organization, its share price may rise to higher levels than previously witnessed.
When a corporation is on the verge of bankruptcy, its stock value will reflect the risk that a Chapter 11 may become a Chapter 7. For example, a company traded at $50 may trade at $2 per share due to bankruptcy speculation. If Chapter 11 is actually filed, the stock price may fall to 10 cents. This value is composed of the potential income that shareholders may receive after liquidation and a premium based on the possibility that the firm may restructure and begin to operate successfully in the future. Private investors can buy and sell these 10-cent shares in the OTC market. The actual value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow.
Whoa, where does that leave IMSC?
So, is this how it ends?