P10 Industries Inc. (PX)

[bob4uall]

OK, so you say ACPW (now PIOE) didn't receive $26 million in cash. What did it receive?

I think it received a "nominal" price, very small, for Langley to take away their operating assets, assume their debts and carry on their money-losing business operations. Langley is out of the picture now, right?

That should have left ACPW with a "nominal" amount of cash, its collection of patents and its tax advantages from accumulated major operating losses. The December balance sheet seems to show the small amount of cash and assets.

The bankruptcy has now protected the ownership from past claims for rents and anything else.

I think there is value in what is remaining in the company, but the 21.5 cents per share option limit says something about share value at present.

If the company is to get more cash for operations, it would have to attract interest in its patents and its tax situation. Money coming in would either be from patents sales, new debt or for new shares.

I am guessing that new money would mostly be for new shares. The new shares would dilute shareholders' holdings, but should also be the pathway to profitability if we have good management and things go well.

So I agree that there is potential, but I don't know how numbers thrown around like "$26 million" are meaningful if they don't link to something on the company's balance sheet.