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Implant Sciences Corp. won bankruptcy-court approval to sell itself to L-3 Communications Holdings Inc. http://www.finanzen.net/nachricht/aktien/Implant-Sciences-Moves-Forward-With-Auction-5162982
Looks like it is taken from: http://www.wsj.com/articles/implant-sciences-moves-forward-with-auction-1478017932?mod=wsjde_finanzen_wsj_barron_tickers
So are we halted or what?
I am sure they were not aloud to tell the other companies bidding what the top bid amount was. By entering Chapter 11 they were able to publicly say the amount. I bet Smith just increased their bid.
Thanks for posting facts!
What Happens to the Company?
Federal bankruptcy laws govern how companies go out of business or recover from crippling debt. A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court
What Will Happen to My Stock or Bond?
A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. There is no federal law that prohibits trading of securities of companies in bankruptcy.
Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol. Be sure you know which shares you are purchasing, because the old shares that were issued before the company filed for bankruptcy may be worthless if the company has emerged from bankruptcy and has issued new common stock.
During bankruptcy, bondholders will stop receiving interest and principal payments, and stockholders will stop receiving dividends. If you are a bondholder, you may receive new stock in exchange for your bonds, new bonds, or a combination of stock and bonds. If you are a stockholder, the trustee may ask you to send back your old stock in exchange for new shares in the reorganized company. The new shares may be fewer in number and may be worth less than your old shares. The reorganization plan will spell out your rights as an investor, and what you can expect to receive, if anything, from the company.
The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) If the company's liabilities are greater than its assets, your stock may be worthless. Contact your local Internal Revenue Service (IRS) office or call 1-800-829-1040 for information about how to report worthless securities as a loss on your income tax return. If you don't know whether your stock has value, and you can't find a stock or bond price in the newspaper, ask your broker or the company for information.
Why Would a Company Choose Chapter 11?
Most publicly-held companies will file under Chapter 11 rather than Chapter 7 because they can still run their business and control the bankruptcy process. Chapter 11 provides a process for rehabilitating the company's faltering business. Sometimes the company successfully works out a plan to return to profitability; sometimes, in the end, it liquidates. Under a Chapter 11 reorganization, a company usually keeps doing business and its stock and bonds may continue to trade in our securities markets. Since they still trade, the company must continue to file SEC reports with information about significant developments. For example, when a company declares bankruptcy, or has other significant corporate changes, they must report it within 15 days on the SEC's Form 8-K.
Source: https://www.sec.gov/investor/pubs/bankrupt.htm
This video has over 25 Million views... https://www.facebook.com/ProWatercross/videos/10154566726314510/
It is back now. Maybe I was just trying to early this morning.
I was trying to buy. It was a serious question...
Scottrade says there is no Bid or Ask for $HEMP. Anyone else having this issue?
Is there going to be a sell off for the long weekend?
Time for the selloff to begin. Would be crazy to hold this over the weekend.
New DHS Bill, 2017 Highlights...
Now it is pretty clear why we are going to partner with and EDS maker.
Funding also provides TSA the ability to
support airport security overall, with resources for additional
Explosive Trace Detection [ETD] systems and canines for State
and local law enforcement. This includes:
--New ETD systems to increase the overall fleet;
Appropriations, 2016.................................... $5,719,437,000
Budget estimate, 2017................................... 5,820,807,000
Committee recommendation................................ 5,898,382,000
The Aviation Security account provides for Federal aviation
security, including screening of all passengers and baggage,
deployment of on-site law enforcement, continuation of a
uniform set of background requirements for airport and airline
personnel, and deployment of explosives detection technology.
--$7,200,000 to expand the current fleet of Explosive Trace
Detection [ETD] systems.
The Committee recommends $82,939,000 for EDS procurement
and installation, as requested, which is $771,000 above the
amount provided in fiscal year 2016. An additional $250,000,000
in mandatory spending will be available from Aviation Security
Capital Fund [ASCF] fee collections. This level of funding will
allow for the procurement of EDS, continued investment in the
latest threat detection capabilities, as well as test and
evaluation of new technologies.
EXPLOSIVE TRACE DETECTION
Not later than 60 days after the date of enactment of this
act, TSA is directed to brief the Committee on the operational
effectiveness of currently deployed ETD systems. The report
shall include data on the false alarm rates of deployed systems
and the impact of those false alarms on checkpoint throughput
and operations. The report shall also include performance
metrics of the currently deployed systems and their compliance
with the latest detection, performance, and security
requirements.
Link: https://www.congress.gov/congressional-report/114th-congress/senate-report/264
CNN - MISSING EGYPTAIR FLIGHT MS804
Robert Liscouski is on CNBC now. (Phone)
All I know is SCOTTRADE is making me loose BIG! Still can't trade it on there!
OTC Bulletin Board (OTCBB)
The OTC Bulletin Board (or OTCBB) is an interdealer quotation system that is used by subscribing FINRA members to reflect market making interest in OTCBB-eligible securities (as defined by FINRA Rule 6530). Subscribing market makers can utilize the OTCBB to enter, update, and display their proprietary quotations in individual securities on a real-time basis. Such quotation entries may consist of a priced bid and/or offer; an unpriced indication of interest (including "bid wanted" or "offer wanted" indications); or a bid/offer accompanied by a modifier to reflect unsolicited customer interest. Members that submit quotes in OTCBB-eligible securities to the OTCBB must comply with the Rule 6400 and 6500 Series, as well as all other applicable rules and regulations.
I just got off the phone with them too. That is pretty funny! When I called a few weeks back that is what they told me then. So I do not think that is anything new. The guy two days ago told me they will not buy it because the transaction fees are to high and they would lose money on the orders. Didn't get any new info from the person I just spoke with. Scottrade better not be the reason I miss out!
IMPLANT SCIENCES CORPORATION (OTCMKTS:IMSC) Shorts Decreased by 3.01% After Short Covering
http://www.fdanewsalert.com/implant-sciences-corporation-otcmktsimsc-shorts-decreased-by-3-01-after-short-covering/8512693/
In today's world anything is possible. It might not yet be available, but certainly possible.
New interview with Bill McGann CEO of Implant Sciences with "The Wall Street Analyzer."
http://bit.ly/1Q84DnL
"Now that the company has become profitable, we have much more leverage and opportunity."
Currently looking at...
Strategic partnering..
Possibility of up listing..
Debt equity conversions...
"My MISSION personally is to build a sustainable company that lives beyond any one person."
Like I said before they are not looking to sell. Your welcome once again....
Other notes...
June to today - 900 QS-B220 delivered to Europe.
The QS-B220's platform is today industry standard.
Strong Intellectual Property.
2016 projected to be a very strong year.
Backlog of 40 million - Expect to ship entire backlog this year.
Smaller EU airports needing new ETDs very soon.
And what makes you say that?
Remove Networking Issue as a sticky. It is clearly no longer an issue.
When you say he sold his original company "pretty quick." Are you referring to the 12 years after it was founded or something else?
"From 1990 to 2002, Dr. McGann was the Research and Development director of Ion Track Instruments. It was there that Bill, along with his partners helped to create an industry around Trace Detection Science and Technology. "
https://www.linkedin.com/in/williammcgann
Support your statements.
So no supporting documentation? You just said the same thing twice.
Are you sure about that?
Please provide supporting documentation.
The company is not for sale people. The only thing for sale is our tech and we are selling a lot of it. We will also lease our patents to competitors soon. To sell the company on "potential" and not profit is backwards. Our leaders are not new at this and extremely smart. When the competition knows and has said to you your product is superior, you don't turn around and sellout to them. You continue to sell product and hit them where it hurts financially. Giving them no option but to raise bids over the coming years. Stop pumping and dumping on here. FYI about 100 people max check this board daily. I have run the analytics. Quit wasting our time.
Implant Sciences is promoting the sale of 1,170 units to TSA on the Transport Security Exop's website. The event they are speaking at this week... So all I have to say to some of you is go SHORT yourself.
http://bit.ly/1O4ZAy9
IMSC CNBC Video from today. http://cnb.cx/1R4YhVh
Implant Sciences Corp President - Robert "Bob" Liscouski
Isn't this the 3rd straight year we have won!
Best Explosive Detection Product of Solution
Implant Sciences -- Winner
American Science & Engineering -- Finalist
Iscon Imaging -- Finalist
Rapiscan -- Finalist
Funny how Smith Detection and Morpho are no where to be found.
http://gsnmagazine.com/article/45665/gsn_announces_2015_winners_and_finalists_2015_home?page=0,1
30 dead and 80 injured in a bombing in Nigeria. Via USA today http://www.usatoday.com/story/news/world/2015/11/17/nigeria-bombing/75960116/
The time is clearly now for this diamond in the ruff. Everyone here will most likely never find a company with so much potential and such an experienced team for such a great deal. The price is where it is because $IMSC IS THE REAL DEAL and it scares the sh*t out of the little gameboys.
CNN: Russian official: 2-pound bomb brought down Metrojet plane over Sinai http://www.cnn.com/2015/11/17/middleeast/russian-metrojet-crash-bomb/index.html
Here is the LINK to the VIDEO! GO $IMSC on #CNBC!!! http://bit.ly/LiscouskiIMSC
It was only a matter of time before they start going after major sporting events. All IMSC has to do is take the new handhelds and attach a barcode scanner to it! That way every ticket or phone is sniffed! A must for future public safety and TSA. Huge market potential.
CNN and BBC now reporting explosion and shooting in Paris France. http://www.bbc.com/news/world-europe-34814203