Sounds like Trubiquity may well up with the assets per the deal announced on January 28, 2011.
I never got a response to my inquiry on the level of assets and liabilities in the BK filing, and was still curious so today I tried to call John Lynch, the stated contact in the latest PR on the bidding and auction process, at the number and extension he listed in the PR (760) 804-1333, to see if I could get any public information on the level of assets and liabilities in the chapter 11 filing.
I was told he was out until "the 7th" but she then asked if someone else could help me. I stated that I was following the proceedings and watching the spikes in the stock price and following discussion in investor circles, and was wanting to know if anyone there could provide public information on the bankrupty proceeding, specifically the figures on the stated assets and liabilities in the Chapter 11 filing.
At first she said "what stock price?" I said NexPrise's stock. She then at first claimed it was not a publicly traded company, and said I must be referring to the other Nexprise in Texas. But when I read her the stock symbol quoted in the PR that listed John Lynch and the number I had just called she acknowledged I was right.
She then stated: "the whole deal was closed and finalized last night at 5:00." I asked her what deal, the bankruptcy? She stated "no, the buyout." I then asked her what buyout? She said "to Trubiquity." I then asked her if a PR or other announcement had issued and emphasized that there was supposed to be a bidding and auction process? She said No - Trubiquity got it, or something to that effect. I then hung up.
I am staying away from this company, given the lack of definitive information.
