Point Blank Solutions, Inc.(fka PBSOQ)

[mrholty]

Not sure how much you have watched this but the last few months have been interesting.

A Disclosure statemtent has been approved in principle. An agreement between basically all parties (debtors, equity committee, class action (plantiffs)) have all been agreed to. There is one large holdout however and that is Brooks himself.

A current plan was filed earlier this week and their is a waterfall analysis. The midpoint, which I consider to be likely shows that common equity should receive $6.1M. Using the current sharecount that is worth $.10/share.

However, I do agree with you that any payout would be years into the future as the monies that would be paid out are being held by the Criminal court case until the appeals process is exhausted. There is $35M that has been held for many years which is available and is being used to push the plan through (and pay the lawyers) but without resolution of the appeals - neither the creditors nor any shareholders or original class action holders will see a dime.

Based on the time delay and illiquidity I don't know its not trading at $.05 or below. (I'd be a buyer there)