And for all that, you've got a stock that was 12-15 cents before the negotiation, and is 6 cents now. So, is the credit you want to give the Stooges reducing the debt any consolation for holding and seeing half of the rest of value of IMSCQ shares disappear since then? Does the debt reduction mitigate one penny of the stock decline since they did that "great job" negotiating the debt down? If yes, how so?
If reducing the debt was REALLY that significant, wouldn't the stock be higher now than it was then, instead of half the price it was then? The answer is that at every single damn stage of this, for the past 2 years and more, pinks sheet investors grossly overestimate the value of garbage pink sheet companies. So, when it comes down to auctioning assets and selling the company, finally the REALITY of the REAL world sets in and destroys and punishes the pink sheet overvaluation!
Every step of the way the talk was "I'm thinking well see more than xx cents after bankruptcy". And those thoughts still continue today! Based on nothing but hopes and dreams! I've said it 100 times, the market will punish investments based on hopes and dreams, every time! And it has here, again and again!
I see this over and over again in the pinks. Looking for a bright side, when the reality is the position is a disaster. I never understand it! "Hey we saved money on the debt! Don't ask me how much the stock is down since then, because it doesn't matter, we got the debt down, and that's what really counts!"
I can only shake my head and say to myself, "it's the pinks", that's what happens here!"
