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The judge in this case disagrees and thinks there is much more to this case then a 'bad investment decision'.
Getting stumped into believing you can't make money here has been truly and EXPENSIVE lesson. I'm gonna grab my popcorn and make more money in the fnal stretch.
Recongnize the buy signals!
There are VERY apparent.
I heard the same at .066....another new low and I'll be here with my popcorn. Guess what? We rocketed up 100+% after that prognostication. Sure, some lost a bundle. There has been two (2) 100% gains and one 300% gain since BK. If you had 100K investment pre BK and were down to 10k, could have sold, bought back in for a triple, 30K, a double 60K and another double 120k
so what's wrong with that gain? I did it twice now......
Why did the stock not tank today based on yesterday's 'domesday #'s?'
So we have $80 million left and we only owe 43 million thanks for bringing that up we are on the road to 30 to $.50 woo hoo.
We KNOW already!!!!! 43+35=78
"This connection has always been huge. Platinum partners is no longer 'protected' with the president's son-in-laws relatives involved in lending this Ponzi scheme money. Right now platinum partners are like a radioactive waste.....there is not anyone on the face of this earth that is going to go near them, to help them.
The good news here? Is that we owe Platinum partners about $43 million in principal (that's in full!) that's the most they're going to get back. That leaves about 35,000,000+ CASH that shareholders have to split amongst 80 million shares
.
Do the calc.
The person who bought 1/2 a million shares
today did. "
This connection has always been huge. Platinum partners is no longer 'protected' with the president's son-in-laws relatives involved in lending this Ponzi scheme money. Right now platinum partners are like a radioactive waste.....there is not anyone on the face of this earth that is going to go near them, to help them.
The good news here? Is that we owe Platinum partners about $43 million in principal (that's in full!) that's the most they're going to get back. That leaves about 35,000,000+ CASH that shareholders have to split amongst 80 million shares.
Do the calc.
The person who bought 1/2 a million shares today did.
I think we are really getting close to EC settlement. Should be 20-40M saved. Would be a nice final move
"Class action suits appear to have been initiated. "
"Where are they? When lawsuits are filed they get a case number and are searchable in a day or so. So what are the case numbers? Lawsuits are not secret confidential events, they are public. So, where are they?
Anytime I see a class action shareholder lawsuit, the law firm puts out a PR in order to get attention and shareholder feedback. If there are "lawsuits" (plural), then where is at least one of the PRs?"
The Judge gave them standing to sue PP.....read the filings.
Have to learn to hit the buy signals bro, then you get to play with the houses money like me.
I never understood the fact that implant sciences sold 1000 of these things to TSA and in all my travels Boston Orlando I never once saw one of these things in the airport the B220. I think we finally saw a 220 in an airport but it happened to be in Mexico . I always found it strange that of all the people on this board that fly around the country nobody really saw an implant sciences 220 in an operational airport setting. Maybe one or Twix. Perhaps the US government implant platinum and L3 we're all in cahoots together all in collusion . I use to joke about all the 220s being in storage somewhere at waiting for L3 to purchase implant and change the logos on them the L3 and then they would ship them ti TSA airports with TSA knowledge. There's questions on the board about why would the US government TSA be interested in a pink sheet debt ridden company? . McGann had connections to TSA was liscouski had connections to the US government (DHS) platinum had connections to money and L3 had connections to the government I wouldn't be a bit surprised that the four of these characters were all in cahoots against shareholder interests . How can you buy 1000 220s for US airports and not one of us really ever saw any of these things US airports. Did the US government get assurances a few years agofrom big player L3 that they would be purchasing implant and everyone was in on it but shareholders?
The fix was in people!
From L3 to TSA to PP to implant.
Someone close to Bolduc from a phone call standpoint said that's what bolduc told him happened and he posted it here no too long ago. He basically swore in his families good name that's what Bolduc told him. Breaking down the door I added...his words were more like 'stormed in'
Bolduc told the 'then BOD' that when platinum partners found out he was seeking alternative financing PP came up to Wilmington broke down his door and told him to stop looking at other financing but he told them to get the hell out they don't run the company.
Bolduc is as promptly fired then the BOD quit.
Losing a lot of money in this stock and then portending to now have all the answers as just written and what I am resonding to? really doesn't make much sense bro....
Sorry.....
Sorry, forgot the 1
$1.15
Hows that
Can we get this to .15+ this week please
This is going to a three part series:
1. Hitting PP hard.
2. Hauling McGann, Liscouski, Turmelle and Duschenes in front of the court their roles in this ponzu scheme
3. L3 investigation to what they knew and when did they know it.
#1 we will know quickly.
#2 #3 in due time as icing on the cake.
Oh, sure.....I get the reason for the post.
The stock was green yesterday.
What's really sweet?
I could see a scenario down the road where L3 is also sued for collusion and unfair practices and has to settle with Imsc investors.
They screwed up here big time..... it's gonna unfold.
"But had nobody taken this on these bastards may have gotten away with it."
Exactly!
It's all percentages....matters none now where we were......
That ridiculous 'earning statement' peddled here didn't tank the stock.....
Nice try.
Volume and lack of movement suggest this will come to end quickly.
Monday morning.
The judge wants this settlement quickly. Those are his words. My bet is on his words, not yours.
Does anyone else have the feeling that the EC and the criminals are about to reach a deal on a final # to preclude necessitating additional jail time for Platinum partners criminal liars.
Implant Sciences management won't be so lucky when criminal charges are levied as they have no bargaining chips. L3 is a receiver or stolen goods.
Keeping what belongs to us is our first priority, next?
Bringing the hammer down on McGann, Liscouski, Duschenes and Turmelle. Bolduc should get a HUGE fine that wipes him out, but we'll spare him jail time. He chose to say nothing and walk away with millions when he could have actually stood up and been a man for once in his life rather than the mouse that he is.
It has ZERO bearing where we are now and it hasn't really for quite awhile. What we owe has been a constant since they stopped owing interest. These other #'s you are trying to 'understand' are like a post mortem HUD statement in which you are not privy too.
people are still trying to show the #'s on the balance sheet that show what would have been if PP, DMRJ and Mon continued with their criminal enterprise. This is so ridiculous. This quarterly 'earnings statement' from a company that filed BK 10-days into quarter!?
OMG
'Re priced 1.19's to .19 that's why we owe so much.'
The only #'s that count have been on the judges desk long before Duschenes BS toilet paper ledger quarter ending 12/31/16
They sold the company and L3 took on that production operating debt. So when they get paid for what they sold in that quarter in June 2017, are we gonna get another Imsc quarterly earnings announcement?
I think McGann said there would be a conference call to discuss earnings on Thursday at 4pm. Lol
I thought someone said here that we owe DMRJ about $45 million in principal and this $80 million figure is a typical DMRJ let's add some goodies do it and a crooked #. So if we only owe them $45 million and we're looking for $45 million isn't that the total sum of what we owe and nothing else since we already paid BAM. If they got the whole $45 million we owe zero more so it is 80 million shares into about $85 million
Who will announce the settlement of debt this week!
1. EC?
2. Judge?
3. Trustees/lawyers for PP?
This is gonna happen sooner rather than later.
My opinion.
Oh no no no no.....
The value is buying here for me....do as you wish as always. I just like going in record.
Nice pause here with the SP.....
Everybody ready for the next leg up?! Should head up toward the .18 range next week or .20-.30 on announcement.
That's where I think we are going.
Lol....
We are too busy bagging 90% gains......too bad.
'The right to convert debt to equity?'
Lol....that ship sailed long ago. It's BK now....the reason the EC is seeking 45M is that's the principle we owe them. They aren't getting any conversions.
Judge is pissed at PP.
We payed out the 20M to BAM out of the asset sale price proceeds of $115. That's 95M left. EC plus BS fees 90M.
We 'owe' $80M which leaves us $10M. Do we owe 0 on that $80 for $90M or 5, 10, 30, 50 or 80. This is the play here.
In general we get about .10 worst case. Best case? 90M and $1.05. My bet? The sweet spot SP wise is around .20-30. Obviously $1 is a 99-1.
L
Many are kicking themselves for not buying at .065. It's not easy to pull the trigger. At this point we are betting on a return from EC......
BK? That's done.
We got $90 million dollars MFo. How much we get to keep? We got two ladies showing the house got ace/10.
Draw MFo
Sure, if Liscouski isn't in jail before the vote! A vote will most likely happen.
Ain't no way in hell he gets anything. I'll make sure of it.
Sure, stock market is a bet!
But right now? Liscouski, McGann and the rest are not calling the shots. The only thing left to decide?
EC vs PP Trustees lawyers in settlement.
Very simple. They get debt reduced by some %? All goes to SP payout, less minor incidentals. No reduction? About .10.
Every million they don't have to pay back is about an extra penny to the SP. With the long shot that would judge would actually rule in the ECs favor in 8 charges?
He was persuaded.....
All BS is out of the equation. Just one simple # now.
That's it. If you lost 50k? Could have put that amount in at .065 and you'd be close to even! What took 5 years to lose could have been made back in a month
Just sayin
Look at this pop corn!
Another 20%!
Market teaches expensive lessons. Listening to some can indeed be very detrimental to making money!
Shame
I've seen it 1000's of times with the pinks over the years. Investors that got handed their shirts time after time in the pinks convince others there is no money to be made here!
The pinks teach those very expensive lessons.
All the 'sit back and enjoy pop corners' have already missed a nice 45% run since 0.065.