P10 Industries

aber noch ist P10 extrem günstig m.M.n.

http://ir.activepower.com/mobile.view?c=122065&v=203&d=1&id=2255936 P10 Industries, Inc., formerly Active Power Inc., files for reorganization under Chapter 11, announces new investor, while preserving shareholder value March 22, 2017 Company introduces 210/P10 Investment, LLC, who will invest $4.654 million in return for a 48% ownership of the company, at $0.215 cents per share AUSTIN, Texas, March 22, 2017 (GLOBE NEWSWIRE) -- P10 Industries, Inc. (OTC:PIOI), formerly Active Power, Inc., today announced it has filed for re-organization under Chapter 11 of the Federal Bankruptcy Code, using a prepackaged plan of reorganization. In connection with the filing, the company entered into a Restructuring Support Agreement (the “210 RSA”) with 210/P10 Investment, LLC (“210 Capital”), as well as a Restructuring Support Agreement with Langley Holdings plc, the acquirer of P10’s former operations (“Langley RSA”). Subject to the terms and conditions of the plan and the 210 RSA, Dallas-based 210 Capital will invest $4.654 million cash in P10 in exchange for shares of the company’s common stock representing approximately 48% of the company. In addition, 210 Capital will provide up to ten million dollars of financing to be used for acquisitions (subject to the terms and conditions of the plan and the 210 RSA) as P10 implements its strategy of monetizing its intellectual property and seeking investments in companies that generate profit and positive cash flows, thus creating long-term stockholder value. Under the plan, the company will also be shedding all of its contingent liabilities, including obligations under the lease of its former headquarters facility in Austin, Texas. “We are announcing another significant milestone in our evolution today,” said Mark A. Ascolese, President and CEO of P10. “After an extensive search, we have found an investor who shares our vision of the future and is willing to commit capital to help us successfully implement our new strategy. We believe that we can emerge from protection under the Federal Bankruptcy Code via a pre-packaged plan in a matter of weeks and thus protect and preserve value for current shareholders.” “210 Capital is very excited to be able to step in and become part of P10’s future by providing capital and access to credit as the company moves forward,” said Robert Alpert, Managing Partner of 210/P10 Investment LLC. “We look forward to working with the company as it implements its strategy of monetizing the company’s intellectual property and acquiring profitable companies.” The consummation of the plan will be subject to customary conditions and other requirements. The 210 RSA also provides for termination by each party, or by any party, upon the occurrence of certain specified events. The Langley RSA provides for termination by each party, or by any party, upon the occurrence of certain specified events. The foregoing descriptions of the RSA and the Plan are qualified by reference to the full text of such documents, copies of which P10 intends to make available on its website on or about Friday, March 24, 2017. The company filed its voluntary Chapter 11 petition and the Plan in the U.S. Bankruptcy Court for the Western District of Texas in San Antonio. The information contained in this press release is for informational purposes only and does not constitute an offer to buy, nor a solicitation of an offer to sell, any securities of the company, nor does it constitute a solicitation of consent from any persons with respect to the transactions contemplated hereby and thereby. While the company expects the restructuring will take place in accordance with the plan, there can be no assurance that the company will be successful in completing a restructuring. Certain statements in this press release are forward-looking and are based upon the company’s current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that the company plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include, but are not limited to, the ability to confirm and consummate a plan of reorganization in accordance with the terms of the Plan; the ability to complete the financing transactions contemplated by the 210 RSA; the ability to complete the transactions contemplated by the Langley RSA; risks attendant to the bankruptcy process, including the effects thereof on the company's business and on the interests of various constituents, the length of time that the company might be required to operate in bankruptcy and the continued availability of operating capital during the pendency of such proceedings; risks associated with third party motions in any bankruptcy case, which may interfere with the ability to confirm and consummate a plan of reorganization in accordance with the terms of the plan; potential adverse effects on the company's liquidity or results of operations; increased costs to execute the reorganization in accordance with the terms of the plan; effects on the market price of the company's common stock and on the company's ability to access the capital markets; and known trends and uncertainties as described in the company's Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the company's actual results and plans could differ materially from those expressed in the forward-looking statements. About P10 Industries P10 Industries is a company led by proven, experienced business leaders aimed at monetizing intellectual property assets and acquiring profitable businesses in the commercial and industrial markets to generate profit and positive cash flows, ultimately creating long-term shareholder value. P10’s current business commenced on November 19, 2016, following completion of an asset acquisition of its Active Power assets by Piller Power Systems, Inc. (formerly known as Piller USA, Inc.), a subsidiary of Langley Holdings PLC. Active Power changed its name to P10 Industries pursuant to the terms of the acquisition agreement. For more information, visit www.p10industries.com. P10 Industries stock trades on the OTC Pink Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. P10 Industries stock trades under the symbol “PIOI.” P10 Press and Investor Contact: Jay Powers CFO and Vice President, Finance (512) 744-9568

Das geht aber gen Süden heute:/

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127654912 Attn: Rare Lotto Play on the thread..I typically rarely if ever do lotto plays (OTC non-bio) on the board but I like one that I have been researching for the past few weeks. I typically allow two to three per year if that. They have always been biotech stocks but this is the first non-biotech stock I have allowed & it is awaiting news here shortly. ASH has been doing a lot of DD on the stock. The ticker is $PIOI. That is a LOTTO play on the thread! DD from ASH111..PIOI Full DD, 01/04/17 : Mid-Long Term holding, main reasons: PIOI in the process of undertaking the activities and negotiations with investors. it could be done overnight but also in Q1 2017,like any complex transaction. 1) Debt free. 2) 500m+ NOLs 3) >20 patents to monetize 4) $4,1mm tax credit 5) at least $1mm cash 6) insiders ownership 40% 7) some institutionals increased their positions 8) new investors will bring cash 9) ready to acquire profitable businesses 10) insiders accepted to be paid with shares at 1,30$ per share (half 2015 compensation) Based On RELY's same deal the value is at least $100m. RELY trading almost 40 times PIOI, w/only 80% higher value in NOls : It's important to note that RELY's acquisition has yet to result in profitable operations which is why their market cap isn't even higher than the current $177.6m. Although it will be difficult for those of us that are already in to hold beyond $1.00/$1.30, a decent patent evaluation and viable acquisition could put this well above that.( No-dough-go comments). PIOI a $4M cap co. A/o today( w/zero debt) W/$500m+ NOLs, https://finance.yahoo.com/news/active-power-adopts-tax-benefit-000026095.html RELY a $200M Company W/ $900M+ NOLs http://seekingalpha.com/article/3958586-real-industry-200m-company-900m-nols In addition, PIOI has 20 registered Patents: on a conservative estimation of only $1m per patent we have an additional value of more $20m. http://www.p10industries.com/patent-licensing I think we might see a private placement at around $1.3. shareholders accepted to be paid with shares at $1.3 and exactly those shareholders approved the deal. "On September 21, 2016, we received a non-binding term sheet from a potential investor in Active Power regarding a proposal for Active Power to acquire an existing profitable operating company". "On September 26, 2016, our board of directors held a special telephonic meeting. At the meeting, Mr. Ascolese updated our board of directors on the status of the negotiations with Langley and negotiations with three potential investors in Active Power". slojab Sunday, 11/20/16 07:19:03 PM Re: None Post # of 1550 I received two emails responses from Jay Powers. On 11/20/2016 10:57 AM, Jay Powers wrote: Thank you for your comment and support. As our press release indicated we continue in our efforts to raise additional capital to support the working capital and acquisition strategy of the business and we anticipate that this step will be completed before the end of the year. Our objective is to monetize the patents that we retained and to acquire well run and profitable businesses. We do anticipate that this will result in increased shareholder value. Thank you Jay Powers CFO After I responded to him, he replied again.... As you can see in our 2015 10K filing, our domestic Federal NOL’s at the time were $235.5M. There are stringent IRS regulations essentially prohibiting a company to acquire control of another entity and utilize the NOL’s. The NOL’s can be used by the entity generating the losses including the profits of entities it may acquire. For clarification, no company will be acquiring the ACPW ticker. The asset purchase agreement with Piller required us to change our name because they will continue to use the Active Power brand. We are changing our name to P10 Industries and therefore required to change our ticker. Thank you for your interest. Jay Powers Bustajoy Tuesday, 01/03/17 12:48:03 PM Re: EnricoMania post# 1749 Post # of 1770 Got an email from the president and CEO this time around. Sounds optimistic, and said they are well down the path of implementing the go-forward strategy, and as soon as they have something of substance, they will announce. "We are looking forward to successfully implementing the strategy, and as you can imagine these transactions take longer than one would expect, and like you I find it hard to be patient in the mean time...". Looks like they are just trying to put the last pieces together. Hopefully something soon enough. Sounded optimistic and about ready to pop out the pr, just making sure everything is right. About NOLs: (EnricoMania Comments): look here to see how NOLs are used by companies to offset taxes. https://globenewswire.com/news-release/2016/12/28/901923/0/en/Live-Ventures-Announces-Biggest-Year-in-Company-History-Achieving-Record-Earnings-of-8-92-Per-Share-With-Continued-Growth-Anticipated-in-2017.html "The company’s outstanding year-end results were partially attributable to the stellar performance at its wholly owned subsidiary, Marquis Industries, and partially to other non-cash income realized in connection with the Company’s deferred tax assets. These net operating losses (NOLs) were accumulated prior to Live Ventures becoming a diversified holding company and allow it to defer over $30M in future income. The NOLs provide the company a unique advantage in that it can keep a substantial portion of its income -- which normally would have been expensed at approximately 35 percent for taxes, and redeploy it in other areas such as stock repurchases, retirement of debt, or new acquisitions. Although a portion of this year’s earnings was attributable to its deferred tax assets, management believes the growth factors explained below will offset non-cash income realized during this year".