Pounce Technologies Inc. V.POI.H

Bridge loans

[Wallcrawler]

Stock After Bankruptcy

What typically happens as a company emerges from Chapter 11 is that it simply cancels its existing stock and issues entirely new shares. When this happens, the old shares become worthless. The new shares usually go to the creditors: The company doesn't have the cash to pay those creditors, so it gives them a share of ownership. You might be given the opportunity to exchange your old shares for new ones, but your stake in the company will be considerably smaller. Once the company issues the new shares, their price will be determined by the same market forces that determine all stock prices. If the market believes that the reorganization created a viable, stable, potentially profitable company, the price will go up or at least hold steady. If the market believes the Chapter 11 was just delaying the inevitable, and that the company will fail again, the stock price will reflect it.

Im just guessing here, but i think this is why BIG is making bridge loans. ive already taken my loss and just trying to inform those still holding, i do hope the best for shareholders. by my calculations they should be out of cash sometime in november. 840 grand from debtenture + 400 + 600 from BIG say 500 from operating revenue for the quarter, that gives them 2.4 mil. their last quarter burn rate was 2.4 mil. 4 quarter ends oct 31. i hope im wrong. best of luck to all still holding.

[MuadDib]

There's no need to include 700k amortization of intangible assets in the quarterly calcs. I personally think they'll have until February or March. I'm obviously still hoping that there will be a resolution by then. Not sure why you're on this chapter11 kick. IMO there are better options (ie: selling off assets, reverse split). Also Ted mentioned SLC is WORKING WITH THEIR LARGEST

[jj12345]

Also a chapter 11 will hurt ted allot more than it will hurt the average shareholder.   Same goes for a reverse split.  So I'm guessing he will work as hard as he can to make it work

[MuadDib]

People do have reason to still be optimistic with SLC. It's been beaten down because of mismanagement. The new management in place wants to turn Slyce around. Ted is a brilliant mind, with the right connections. I believe in what he can do for this flailing stock. He has already cleaned up so much of the mess left by prior management. There is more focus on deep learning now. These guys are

[MuadDib]

I'll add something else to this thought. If you look at what a floundering company like YFI (Edgewater Wireless), did a couple years ago... It was beaten up with no hope in sight. Then they changed management. They don't even have close to the revenue that SLC does. It was trading at 3 a couple years ago and hit 60 a couple times. I ain't giving up hope for SLC. IMHO GLTA

[NotFreddie]

After listening to the broadcast the other day, it became evident to me that the chances of Slyce of rebounding are slim to none. It will need miracle to survive. Ted Mann "stated" it will turn around by the end of 2017.  That's a pipe dream. The tone of his voice indicated otherwise. The way I see it, they will burn through their last bit of cash in two months or less, and