Pounce Technologies Inc. V.POI.H

Chapter 11

[Wallcrawler]

They can go bankrupt and keep operating, does no one remember gm going bankrupt? existing shareholders end up with nothing, company pays creditors with new stock in the new company and go public again. lol. and thats all legal.

[MuadDib]

Not sure this would fix the issue. Creditors aren't beating down the door. Slyce has a net income problem currently. Zero percent loans can keep it afloat. If SLC can ride it out another year and keep signing customers, there is hope. It will be telling to see how well their clients do with visual search apps this Christmas. IMHO GLTA

[Wallcrawler]

Well it would free up shares, new shareholders get benefit of last 2 years. lets say they declare chapter 11 share base goes to 0, say they issue 40 million new shares at 40 cents gives them 16 mil and a new life. its just my theory, im still hoping for a pump but that looks unlikely now that we know chell sold his 4.5 mil shares, and there seems to be no news. im sure we have all seen this before

[Arturs33]

If they file for chapter 11, major investors have more to loose than we do. Not I mention the management  members who own a lot of the shares would loose everything too. Shares which chell sold are just a drop in the bucket.  it would make more sense to put more money into it and cash in once the revenues reach cash flow positive and keep their shares intact than to start from scratch

[Wallcrawler]

Its been 4 months and still no loan? honestly no one is going to lend them any money, no gov loans coming. and selling more shares isnt going to happen either 190 mil outstanding. they would have to issue100 mil shares to just get 3 mil cash, what would  that do to shares price? if any one is going to step up it will be after chapter 11. sorry but thats how i see it. the funny part is that

[ctblizzard]

I tried to warn you in my prior posts back when this thing was triple where it is now. In my opinion they did not have enough cash nor could raise enough cash to turn this boat around and did the exact opposite move of what I would have done. They should have jettisoned this visual search stuff which is a flash in the pan and no one uses. Who amoungst your friends takes pictures of people

[Conradsparrow]

if so, why not announce large client instead of waiting for 2017... as well why not sell off SnipSnap?? Just saying.. why would a Bid 1.7 mil come in if going down? Just some thoughts.