P10 Industries Inc. (PX)

[bob4uall]

I've had my share of misadventures with stocks that ended up bankrupt due to my inclination to invest in turnarounds or other situations where the company is going through tough challenges. ACPW looked like one of those, so I bought in at several dollars per share. As I was holding I became very concerned when they didn't seem to know who in China they were selling product to. Didn't like that the CFO left, who was a very principled man, I believe. Later, I worried that new technology in batteries would outdo their mechanical version of power interruption protection.

But as PIOI, this bankruptcy is doing better than others. The stockholders have survived the bankruptcy in this case. There has been a share price run-up because of the optimism of passing through the bankruptcy. Will there be another rally? I think that there very well could be soon as news that is not yet priced in becomes known.

The bankruptcy wipes the slate clean for creditor claims. Does it also wipe out future shareholder class action suits? I guess it does.

So PIOI is now set up to go forward. Is it set up to be a growing and successful company that grows share value? Or is it set up to be a merger or takeover where everyone gets 10 cents a share? (Is there risk of criminality if pre-planning that is the case?) Or will the new business be a loser?

My choice for my investment is that we have a winner here, and I've put my money on it. Negative possibilities like those mentioned hold the price down. But as PIOI becomes a safer investment, the share price would rise.