stab12: You don't have to worry about me going away. This is my last post here and I am gone for good. I completed my DD late yesterday, and will not be acquiring any shares here as the shares appear to be worthless.
And, don't blame me for coming here and asking the serious questions earlier in the week. Blame Wyokid, the Moderator of this Board. He sought me out and sent me a Private Message touting this stock, claiming I needed to get in it right away because as he put it in the PM "this stock goes up on air." Of course, that was in the middle of all of the sudden pumping and hyping of this stock earlier this week. i.e. he brought me here in the same manner he was out pitching it to others.
As soon as I pulled up the stock and started to examine it I realized it was in bankruptcy and was selling off all of its assets. So, I openly questioned how there could still be any value in the shares, and inquired as to whether anyone here had any information on the bankruptcy filings in terms of the stated assets and liabilities.
Yesterday Wyokid posted the law firm and attorneys in the BK proceeding, and also sent out John Lynch's e-mail asking me to contact him for answers to my questions. I e-mailed Mr. Lynch and eventually called and asked for him at the number and extension listed for him in the last PR. That is when I was told that the deal through which Trubiquity acquired all of the assets had closed Wed. night at 5:00 p.m.
Later in the day, however, I learned that my earlier e-mail to Mr. Lynch requesting copies of some of the critical public filings in NXPSQ's bankruptcy had apprarently been forwarded by the company to the same law firm Wyokid had mentioned in one of his earlier posts. I received scans of some of the critical filings in the public record, including the Schedule of assets and liabilities, and the Claims Bar Date Order containing the deadline for filng of claims against the bankruptcy estate. The filings confirmed my suspicions, specifically that the liabilities to creditors far exceed even the most generous estimates of the value of the assets sold, i.e. it appears that the creditors will receive far less than .50 on the dollar. It does not appear to me that there will be anything left over for shareholders.
This information from the public docket of the U. S. Bankruptcy Court for the Southern District of California in San Diego, was all public record information for weeks prior to all of the baseless pumping and hyping of NXPSQ here and elsewhere on IHUB earlier this week. IMO, the shares have been essentially worthless for weeks.
I am thankful I did not take the bait, and I feel sorry for anyone who gets left holding the bag here as a result of the baseless pumping and hyping. IMO, what happened here earlier this week has all of the earmarks of a classic pump and dump operation.
GLTA.
