Point Blank Solutions, Inc.(fka PBSOQ)

[mrholty]

I respect your opinion and knowledge but I'm confused by your statement. Was this meant for the FEEDQ board?

The 11 cent bid is normal for outside of the normal trading day. I'm not seeing anything on Pacer outside of the request by the gov to liquidate $65M of the seized assets (#1702) which per the doc is about 1/3 or the total value of the seized assets and the objections by Brooks.

At this point the case for shareholders rests on there being a global settlement which has been hinted at for quite a while in many of the documents along with the idea of what amount would go back to the company to pay back debtors with the hope that any remaining will be distributed to shareholders.

If the estate gets 100% of its amount that it claims was damaged by Brooks that is $90M. Subtract out total liabilities of $41M divide by shares outstanding and you get $1.00/share and more if you assume that mgmt will cancel any of the shares that are owned by Brooks which the gov't states are 6M but estimates from a former board poster a few years ago was closer to 20M shares. I know you general disdain for many of the attorneys in the BK process but in BK docket #2710 shows the debtors attornies justifying their value to the company so clearly something is still going on. If it was a zero
What am I missing?

I must admin that I expect that the above mentioned Global Settlement would have been finalized/agreed to before sentencing.

Why are you negative on it?