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Where are you getting 15 million from? They are on record as saying 8 is left over, and that was as of a month ago.
Yea, pretty confusing. So many different types of shares outstanding and such and who gets what type of vote makes it confusing.
You clearly see that shareholders want liquidation with payout and imsc wants to move on as new entity. 2/3 of shareholders need to approve moving on as new entity.
I have no clue who the big players are with the most shares.
http://www.kccllc.net/imxacquisition/document/list/4398
Check docket 0750. Read the transcript. Good info. Equity committee is supporting full liquidation. No value here, as I expect the PPS to only be around 8 cents.
Get me to the .065 mark and I'll buy back in!
I'd imagine nearly everyone will vote to continue on with secure point tech. Who the hell wants .07 cents? Granted, it could be zero cents with secure point... but it is a risk everyone holding will be willing to take, I think.
I expect this to be in the low .07s by the end of the day.
Yup. Anyone holding shares at this point probably need them to go with the new entity. Only way the PPS gets up and above 10 cents. Albeit it could take years...
Also read in the documents that imsc is actively looking to purchase companies in certain fields... ha!!
Ha. I also think they are purposefully giving low-bar figures to persuade people to vote for a new entity and not liquidation. But either way... no where close to what people thought.
I haven't fully read everything (the debt reorganization thing is 100+ pages) but I also found voting rights to be questionable. In a chart they are only letting certain shareholders vote. It seemed like the vast majority are not able. Shady!!
Peeps on here are much more knowledgeable than I in these matters.
The debtors anticipate that they will have 8.5 million remaining from the sale.
Lol... that's peanuts!
Reorganization plan?
Anyone read it? Don't have the time to read it tonight. Might give it a shot tomorrow morn.
7th or 8th doc down...
http://www.kccllc.net/imxacquisition/document/list/4398
Nope, after further reflection and the realization that, per ISMCQ style, they were extending the time period to settle bankruptcy, I lowered my target.
So no, I will not be getting back until it reaches the .06s. As I now believe the payout will be around 10 cents.
If it his the .06s I am back in!
Ha, yep. If the PPS falls below 8 cents I'm getting back in.
Why wouldn't I be concerned for you guys? I'd like to see you recover as much as possible. Liquidatin won't yield you anything. .15 max. Very slim POSSIBILITY that a new entity could eventually get you a bit more, albeit many years down the road, no?
If this falls below .085 I'll get in again. But then sell at .11.
They are just pissing away $ dragging this out. PERHAPS a new ticker w a new entity and a new product if they don't liquidate?
Just read over recent court docs. Looks like imsc was granted an extension to early July to finalize things? This **** is a never ending nightmare!
Currently holding no shares. Glad I sold around 12 cents.
I thought we had a discussion a few days back about what we could expect per share given the latest figures? People said between .12 and .15.
Thanks! I did suffer a loss last summer though. Very glad I sold at .49 back then! Everyone on here told me I was crazy. But you were all over it!
I am out at .116 for a solid 45% gain. Thanks IMSC!
33k. I'd take a screenshot and post it for ya, if able.
Nice momentum today with 10x more volume on buy side than sell. Let's keep this rolling so I can get to my .12!
Shareholders get to vote I belief. take remaining cash from settlement and divide it out to outstanding shares, OR start with a clean state and a new entity.
I bought in at .08 hoping that any leftover cash is spread over remaining shares and this comes to a close.
Yep. Let's just liquidate and get it over with to get to that .14 or .15!
I see another 20% upside from here. Thinking about buying another 10k shares. Decisions Decisions
1. It never fell to 5 cents.
2. When I first bought the shares I knew it was around 35k. It is 33k. So yes, even though I only through in a few K, I'll take my 50% gain.
I'll gladly take the 50% gain after buying in at 8 cents.
Was thinking the volume would be higher today. Crickets!
12 cents is what I am thinking. If it hits that I think I am unloading my shares.
Well that explains the move today. Think it gets to .12 tomorrow.
Lots of day traders flipping. I expect this to be firly in the ten cent range by class. And then a bit higher tomorrow
If it can reach .13 I am selling. Would be a nice 60% gain for me.
Great, than you.
Has anyone done the math? They got 117.5 million from L3. Now it looks like they have settled with lender for 55 million? Add in a few millions for lawyer fees and such. Left with a solid chunk of change spread over how many shares? Will be interesting to see where the PPS ultimately settles.
Hey what do you know! I'm up 12.5 since purchasing 33k shares about a week ago! Expecting this ROT to increase a bit more before I sell.
Seems promising and the resulting PPS will increase at settlement. Buy orders are coming in. Let's keep it rolling.
Yep you were all over it! It is why I bailed at 49 cents.
Driving up the price short term is what I'm hoping for! 12 cents is all I ask.
Don't need it to be a good business. Just need it to yield 12 cents a share at some point!
Huh? Calling out my 30k vs 35k shares?
I like Liscouski's brain. Dipped to 4 cents after switching from medical implants to explosive detection. Then increased many % points. What new item will Liscouski have up his sleeve?