Things take a while to unwind. Toxic notes that were issued in the last year had to go the six months before conversion, and the last of them converts beginning next week. There are no new toxic notes beyond that one. That should tell you that the end is actually here. Either the toxic lenders refused to issue any new notes because there was too much risk, or PT simply doesn't need the money because there are no operations and no expenses. And there haven't been any for a year now.
With the last toxic note being converted and sold in coming weeks, there is no reason to stay current with the SEC anymore.....I think we have seen the last filing except for maybe a Form 15.
BTW, private placement holders are screwed. Even the ones held by the old Dude that admitted to losing $1.5 million to his "buddy". Tis a shame.
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