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.
thanks i feel the same way...
Best guess when all this is settled what is the final share of the stock?
I know this is speculation but what is the best possible outcome for us as shareholders with the recent news that has unfolded. When will will get more information as shareholders what will be happening? court dates etc...thanks for any input
Platinum’s Co-Founder Nordlich Charged in $1 Billion Fraud ...If he gets convicted of this there will be little if any IMSC will owe them on prior debt if they were breaking the law...we may get incredibly lucky if this comes to fruition
I see a lot of similarities albeit different industries but if the court see's improprieties with platinum and IMSCQ we could wind up getting alot more per share then we think..the way i look at it there is very limited downside risk which is already baked into the share price...can only see a positive outcome during a court proceeding if they were in fact screwing us and the sale to L3 goes through i would assume that will move the shareholders to the front of the line....anyway this is a pretty good outcome for what happened to UPLMQ Shareholders of bankrupt oil and gas producer Ultra Petroleum Corp (OTCMKTS:UPLMQ) got some welcome news last week. Each holder of Ultra Petroleum common stock will receive a pro rata share of 41% of the equity in Ultra Petroleum after the reorganization is consummated and a pro rata share of rights to participate in the Rights Offering for 5.4% of the equity in Ultra Petroleum. This recovery marks a major victory for shareholders that bet on Ultra emerging from bankruptcy. Shares are now up by over 4400% off the lows of $.16 seen earlier this year.
Anyone have any idea on a time frame when there will be a resolution or some idea of what's happening? Thanks for any information
Well took your advice and wrote Mr Fox as everyone that owns this should do! Sounds to me they definitely have their eyeballs on this one! Anyway my email and response is below:
Good morning Mr. XXXXX
Thank you for your correspondence.
The Office of the United States Trustee is a component of the United States Department of Justice. While the Office does not represent the interests of individual shareholders or creditors in Chapter 11 cases and is prohibited from providing legal advice to members of the public, the Office is charged with the administrative oversight of bankruptcy cases and pursuant to that authority we have appointed an official committee to represent the interests of shareholders. The Official Committee of Equity Security Holders is represented by counsel:
William R. Baldiga, Esq.
Brown Rudnick LLP
One Financial Center
Boston, MA 02111
T: (212) 209-4942
F: (617) 289-0420
http://www.brownrudnick.com
Shareholder members of the Committee are fiduciaries who represent all equity security holders as a group without regard to the number or amount of equity securities each individual equity security holder may hold. Section 1103 of the Bankruptcy Code provides that the Committee may consult with the debtor, investigate the debtor, and its business operations and participate in the formulation of a plan of reorganization. The Committee may also perform such other services as are in the interests of the constituency which it represents.
In addition, the Office of the U.S. Trustee will refer matters to criminal law enforcement agencies for potential criminal investigation and prosecution when appropriate. Any communications raising allegations of criminal conduct must be in writing, and should set forth the evidentiary bases for those allegations.
I hope that you can have a Happy Thanksgiving and enjoyable Holiday Season.
Best,
Timothy J. Fox, Esq.
Trial Attorney
Department of Justice
Office of the U.S. Trustee
302-573-6026
Dear Mr Fox,
I am an investor in Implant Sciences (IMSC)
I have doubts as to whether Implant science's management and Board of Directors has been appropriately acting on behalf of shareholders. I am also concerned that the relationship and potential collusion between the lender(Platinum Partners/DMRJ and Implant Science's management has impacted the ability of Implant Science's management to effectively represent the company and its shareholders.
Shareholders are counting on your support to ensure we are treated fairly and that any/all fraud or abuse contributing to the current state of Implant Sciences is identified and addressed. Thank you so much for your time.
Regards
XXXX XXXXXX
Sent from my iPhone
Hello everyone! Can someone explain to me what all this means and what you think a current shareholder will receive when this is all over and done with...Ill be honest i don't understand any of these bankruptcy documents i have been receiving and i'm looking for some guidance. I own the stock around 40 cents and is there any chance of it even getting close to there? Thanks for any information or opinions
There is a very good chance that IMSC may not be obligated to PP for ANYTHING in my opinion based on the fact they are being indicted for fraudulent lending practices which is an entirely different lawsuit IMSC could easily fight and win in a court of law if PP ever decides to go after them....I view this with a tremendous amount of potential along with everything else that is going on with them and Zapeta.
UPLMQ above 6....its going to be the same result for BBEPQ
If they recover say 1 billion of the 3 they are seeking its a 4 dollar stk IMO...The higher Nat gas and Oil go the harder it will be for Breitburn not to give in...with the combo of short interest covering and this recent ruling the equity has enormous potential
http://www.insiderfinancial.com/is-breitburn-energy-partners-lp-otcmktsbbepq-the-next-ultra-petroleum-corp-otcmktsuplmq/117625/ the beginning of the bull run on this!!!
Any ideas when all of this recent news will be figured out and put on the table at what we are really looking at??? Would it be at the annual shareholder's meeting? thanks for any information
anyone dissect this 10-K?
BBEPQ the same thing happened to UPLMQ people...Dont lose faith in IMSCQ we could come out relatively ok...dont like luck trading but all is not lost
worst case scenario we can find out if we can form a committee similar to BBEPQ for recoveries in assets...up 80% today.....still ALOT of hope in this name and options
Ted I really respect you're opinion and im loaded up pretty good with this crap...What do you see as the worst case scenario? could they wipe out the equity or no shot...Ive heard many say worst case 20-25 cent range and much bigger upside with the Zapeta stock assuming it goes through..thanks for any input...
thats what was said yesterday which seems like a drastic move but who knows...hopefully they finally come clean thursday....
only problem with class action lawsuits is the only one making money is the Lawyer's....The way i see it is within maybe a nickle or so with final tweaks to the deal is .23 cents or roll with Zapeta....So if you take the transaction most likely worst case is 23 cents and maybe upwards of 30 cents but most likely somewhere in between....Wont actually no everything until the CC call ....I have no choice then to vote for the Zapeta deal which is maybe want they wanted to happen in the first place...
only problem with class action lawsuits is the only one making money is the Lawyer's....The way i see it is within maybe a nickle or so with final tweaks to the deal is .23 cents or roll with Zapeta....So if you take the transaction most likely worst case is 23 cents and maybe upwards of 30 cents but most likely somewhere in between....Wont actually no everything until the CC call ....I have no choice then to vote for the Zapeta deal which is maybe want they wanted to happen in the first place...
cmon now....that is illegal and would be EASILY detected...cmon boys, lets deal in realities..I know the stock is down but lets not speculate in fiction...
thats what i meant, sorry...i just feel like they do this crap continually...its almost as though they do it to flush out sellers and then say something positive...its happened the past 4 or 5 times....punch to the throat reaction and then hey lets have a CC call and tell everyone whats really happening....its mind boggling how they operate
its crazy none of us know anything....i mean it sounds positive but i dont trust anything they do ....they simply are the worst at communicating important details to investors... I hope they take phone calls this Thursday...could they possibly have a new company with Zapeta an re issue new shares of this to existing IMSC share holders is that a possibility? Can they do that and not have us responsible for the old debt?
hope so ...lets say thats true the price would be around 20 cents only? that still kind sucks especially where im long....like u said i think its foolish to sell at this point without knowing the finer details of all this...... It does seems RETAIL has been completely flushed out on the SELL side and im sure as per usual it will languish between 13 to 20 cents into this much anticipated phone call....
Its awful that they dont explain any of this...I have a very sneaky/hopeful suspicion that their is more to this bankruptcy proceeding with PP being under investigation by the SEC...The way i look at it NOW is im long and wrong and now that its at 15 damn cents i may as well just hold it...
alot of the price action is due to their inability to communicate clear and concise detail of what things ACTUALLY mean which is NUTS...Looks like all retail has been cleared out on the SELL side and im sure the shorts are covering and tomorrow and wed it will trade around 15 cents on frigging 50k in volume until this stupid CC takes place...
Ted you are one of the few voices of reason ...Is there any potential of this working out for the shareholders of IMSC after this CC on the 13th..I mean hell NO point in selling now that its at 10 cents...could the shareholders benefit from the 117 million dollar sale and also what is happening with Zapeta
ill be honest I'm not sure if its good bad or indifferent because they NEVER explain the details ...I was always under the assumption they would sell for around 150 mill and roll out new company with Zapeta which NO idea wtf that means because they havnt detailed anything...Hoping they move the CC all up because i dont want to panic ....simply the worst at conveying any communication
I'm thinking the at the VERY least need to move this CC call up to today to explain in detail what this actually means so people dont foolishly give up their investment...Where does Zapeta fit in all this...I know the game plan was to roll out a new company with them and try and list on NASDAQ
what does this mean for shareholders? thoroughly confused...they sold the company for 120 mill Buy Zapeta and file for bankruptcy???
I know most of you want guarantees but with this past qtr in my eyes was a spectacular result... I just have a gut feeling that this update on Oct 15 is going to be shock and awe. I also believe they will have SOLELY, Liscouski delivering the message. I really believe they are slowly figuring how there is also a timing and marketing aspect which frankly they have been awful on the communication in their CC calls etc. with the cherry on top having the Frenchmen speak last time was a joke. I know they read this blog so hopefully they take heed when they get ready to blow our socks off they have someone that can actually deliver the message in a clear and concise manner...Its all I have but I think we are going to be VERY pleasantly surprised
looks like they filed a 12b-25 which i believe gives them 15 days to report....its basically an extension....i would interpret that as a positive because this seems to be setting up as the qtr that will be the game changer...hope im right
Normally when its posted on Bloomberg is pretty accurate and that past 5 or 6 qtr's the dates they post are normally spot on.. Could be wrong because they arnt obligated for tonight
earnings are due out tonight after the close...i would anticipate a very good number but as we all know its about what they say about the future and what that company looks like and what it will be....still believe we will be rewarded when its all said and done
Y...virtually certain of it.....i think very soon to boot
Well into the earning's report on the 28th i would suspect this will head towards 50 cents especially with the recent contract results with TSA...Personally wouldn't want to be short for this qtr IMO....Going to be an interesting CC...Hopefully they can keep McCann off the call along with Zapata and have Liscourski do ALL the talking and i think this will be a very very promising future
I'm really surprised this share price isn't closer to 50 cent level especially heading into the next earnings report on 9/28/2016...I would suspect with the TSA order that the next report is going to be great IMO along with more details of the Zapata deal, I would suspect the only reason its traded at 40 cents is because not a lot of info on the Zapata transaction.....I still believe this is going to be a home run and im suspecting i wouldn't want to be short into Sept 28th IMO
I'm really surprised this share price isn't closer to 50 cent level especially heading into the next earnings report on 9/28/2016...I would suspect with the TSA order that the next report is going to be great IMO along with more details of the Zapata deal, I would suspect the only reason its traded at 40 cents is because not a lot of info on the Zapata transaction.....I still believe this is going to be a home run and im suspecting i wouldn't want to be short into Sept 28th IMO
totally agree...the buzz factor when this hits main stream media in the states will be NUTS...Then people will ask is this traded somewhere and then they will find out it's IMSC and boom...cya
well im anticipating with the qtr coming to a close in mid September you will see this stock trend higher IMO..so much of this story has not been revealed and this chat or blog there is so much speculation...Personally i would not want to be short into that mid September date...as i bonus i think they are finally learning to let Liscouski to the talking no McGann...