Point 360 fka PTSXQ

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Renee

07/19/19 5:47 PM

Post #570

Re: #90: @Renee - PTSX: effective Oct. 13,2017 PTSX will change to

PTSXQ: BK PLAN effective. All shares cancelled:

https://otce.finra.org/otce/dailyList?viewType=Deletions

papadedavid Free

11/16/18 9:34 AM

Post #569

Re: #558: @PennystockID2017 - According to the plan there would be about

Is this dead Penny? TIA

papadedavid Free

11/16/18 9:33 AM

Post #568

Re: #567: @bankmade - 236 court Hearing Continued (Other) Fri 5:22 PM

What happened with this? TIA

bankmade

05/12/18 3:08 PM

Post #567

236 court Hearing Continued (Other) Fri 5:22 PM

Hearing Continued re Scheduling and Case Management Conference1 Status hearing to be held on 6/28/2018 at 10:00 AM at Crtrm 1375, 255 E Temple St., Los Angeles, CA 90012. The case judge is Julia W. Brand (Pennington-Jones, Patricia)

235 court Hearing Set (Other) Fri 4:13 PM
Hearing Set Related [+] Status hearing to be held on 6/28/2018 at 10:00 AM at Crtrm 1375, 255 E Temple St., Los Angeles, CA 90012. The case judge is Julia W. Brand (Kaaumoana, William)

court Hearing Continued (Motion) Fri 5:20 PM
Hearing (Bk Motion) Continued Related [+] Hearing to be held on 06/28/2018 at 10:00 AM 255 E. Temple St. Courtroom 1375 Los Angeles, CA 90012 for15 , (Pennington-Jones, Patricia)

bankmade

05/11/18 9:42 AM

Post #566

Adversary case number: 2:18-ap-01141

Summons Issued on Deloitte Corporate Finance, LLC Date Issued 5/9/2018, Answer Due 6/8/2018; Deloitte Transactions and Business Analytics, LLP Date Issued 5/9/2018, Answer Due 6/8/2018; Medley Capital Corporation Date Issued 5/9/2018, Answer Due 6/8/2018; Medley Opportunity Fund II LP Date Issued 5/9/2018, Answer Due 6/8/2018

Status hearing to be held on 7/10/2018 at 02:00 PM at Crtrm 1375, 255 E Temple St., Los Angeles, CA 90012. The case judge is Julia W. Brand (Kaaumoana, William)

bankmade

05/10/18 1:45 PM

Post #565

I didn't think that was the case, only a possibility. But thanks for the insight. Always appreciated. Kind of disappointing that they plan on delisting but hopefully they don't screw over their investors.

GM26

05/10/18 12:15 PM

Post #564

Re: #562: @bankmade - Another possible outcome is another company may come

Company isn’t getting bought out bro, I worked there, it’s a legit company and profitable company. They simply got screwed over buying the Modern Video Film building and got stuck with them. Lot of the employees went from modern to .360 and are still there. It’s a great company to work for and they are making major moves into the next generation (4K) material and all. Major clients include Netflix, Amazon, Paramount, Sony Pictires and HULU, not including all the other remaining studios. It’s a top of the notch company. 1 of only 3 preferred vendors in Post Production for Netflix, that’s a big deal in the industry. Hope this helps.

Disclaimer: I have zero shares.

Hope this helps!

Good luck all!

FastBuxJones Free

05/10/18 7:08 AM

Post #563

Get this one on your watch list ASAP should be fun for the next couple weeks

bankmade

05/09/18 1:37 PM

Post #562

Another possible outcome is another company may come in and buy them out since everythings out on the table now... but i dont forsee that happening at this point.

elevate333 Free

05/09/18 1:26 PM

Post #561

Re: #559: @bankmade - So the tl:dr of the plan for shareholders

Good analysis. It's a long shot at best and contingent upon the litigation outcome. No idea why shares will be issued unless it will be in a new class of securities post effective date.

PennystockID2017 Free

05/09/18 1:25 PM

Post #560

Point 360 may now be a perfect buyout candidate, now that everything is out for interested parties.

bankmade

05/09/18 1:22 PM

Post #559

So the tl:dr of the plan for shareholders is this:
1. point 360 is suing medley for over 5m in damages
2. in the 4. Class(es) of Interest Holders... all shareholders will get a portion of that claim after class 5 is paid off
3.class 5 debt is $1,828,459.92... this debt will be reduced by 4 factors
a. $25,000 monthly payments
b. the sale of mvf assets
c. almost 300k in disputed claims
d. outcome of the medley lawsuit
4. barring points a,b,c 5,000,000-$1,828,459=$3,171,541 for payoff of shareholders.
5.the outstanding shares count is 12,740,506 and the float (outdated?) is 2.5m
6.based of the outstanding shares the pps would be about 25 cents a share.
7.based on the float it would be $1.26 a share.
(this is based on the fact point 360 wins the case. the payout would be oct 1st.)

8. This is a plan that has not yet been approved by the court as a plan confirmation date has yet to be set.
9. disclosure statement hearing is set for 6/28
10. they acknowledge that there is a possible adverse outcome in both the medley lawsuit and mvf liquidations but go on to say this will not affect the plans feasibility.
11. company is looking to delist.

the only question I have is why issue 5,000,000 shares to HWAY if they are delisting?

PennystockID2017 Free

05/09/18 12:59 PM

Post #558

According to the plan there would be about 3.4 Million dollars to buy 12 Million commom shares and take the company private. Thats how I read it...so about $0.26 Cent per share a nice increase from here!!!

bankmade

05/09/18 12:10 PM

Post #557

The company would have to buy everyone out at current bid price which makes no sence why people are selling

bankmade

05/09/18 12:06 PM

Post #556

8. On the Effective Date, Debtor shall cancel all outstanding equity securities,including stock, options and warrants, and complete such regulatory requirements to delist Debtor’s securities from the public market.

The members of a board of directors can authorize the repurchase of shares by the company. The bylaws may require the shareholders to approve this action, as a buyback means spending the company's cash. In order to cancel shares, the company must first redeem them by paying the current price on the public stock exchange. A redemption of shares reduces the number of outstanding "issued" shares available to public investors, also known as the float.
https://budgeting.thenest.com/happens-value-issued-stock-common-stock-redeemed-canceled-32057.html

elevate333 Free

05/09/18 11:41 AM

Post #555

Re: #554: @PennystockID2017 - Looks like PTSXQ plans to buyout the common

Can you point out the page? I only see that equity positions will be extinguished with a potential return if the lawsuit is successful. Could be why the selling today.

PennystockID2017 Free

05/09/18 11:25 AM

Post #554

Looks like PTSXQ plans to buyout the common shareholders based on the filings. may be a good thing depends where they set the price at. Hopefully 20 to 40 cents.

bankmade

05/09/18 1:53 AM

Post #553

DOLLARLAND HERE WE GO!!!!

bankmade

05/09/18 1:15 AM

Post #552

BIG NEWS OUT ... SEE BELOW!!!!!

bankmade

05/09/18 1:14 AM

Post #551

https://www.pacermonitor.com/view/ASYOOCY/Point360_a_California_Corporation__cacbke-17-22432__0232.0.pdf

Disclosure Statement with Proof of Service Filed by Debtor Point.360, a California Corporation

bankmade

05/09/18 1:13 AM

Post #550

https://www.pacermonitor.com/view/AXG3VHY/Point360_a_California_Corporation__cacbke-17-22432__0231.0.pdf

bankmade

05/09/18 1:12 AM

Post #549

BAMN THERE WE GO!!!
Chapter 11 Plan of Reorganization with Proof of Service Filed by Debtor Point.360, a California Corporation. (Landau, Lewis)

bankmade

05/08/18 10:58 PM

Post #548

https://www.pacermonitor.com/view/QPYGBFI/Point360_a_California_Corporation__cacbke-17-22432__0230.2.pdf

bankmade

05/08/18 9:37 PM

Post #547

Looks like they are launching a countersuit against the creditors for over 5m$ in damages

bankmade

05/08/18 9:33 PM

Post #546

UPDATE!
Adversary case 2:18-ap-01141. Complaint by Point.360, a California Corporation against Medley Capital Corporation, Medley Opportunity Fund II LP, Deloitte Corporate Finance, LLC, Deloitte Transactions and Business Analytics, LLP. (Charge To Estate). Nature of Suit: (14 (Recovery of money/property - other)),(81 (Subordination of claim or interest)),(02 (Other (e.g. other actions that would have been brought in state court if unrelated to bankruptcy))) (Landau, Lewis)

bankmade

05/08/18 4:00 PM

Post #545

still nothing on pacer

bankmade

05/08/18 2:47 PM

Post #544

Should have news within the next 40 minutes or so

bankmade

05/08/18 2:39 PM

Post #543

Tuesday, May 08, 2018
229 order Appear pro hac vice (BNC-PDF) Tue 11:22 AM
Order Granting Motion To Appear pro hac vice (BNC-PDF) Signed on 5/8/2018 (Kaaumoana, William)

Looks like they are in court right now...

bankmade

05/08/18 12:08 PM

Post #542

Nothing yet... its only 9 am in cali.. so we will see

klimanjaro Free

05/08/18 11:33 AM

Post #541

Re: #519: @PennystockID2017 - PTSXQ JUST THE START HERE 1000% from HERE

news yet out of court?

klimanjaro Free

05/08/18 9:51 AM

Post #540

RUN RUN RUN! $1.0+ TODAY!

bankmade

05/07/18 9:23 PM

Post #539

No problem. there's also a chance that if the courts approve we may not see a pr until the bankruptcy is finalized... which I believe is 3 months from the approval making it around Aug 8th. but either way its a major milestone thats needed to boost this stock.

elevate333 Free

05/07/18 9:07 PM

Post #538

Re: #536: @bankmade - No, but tomorrow they need to have their

Ah, thanks. For some reason I thought today was the deadline.

bankmade

05/07/18 9:05 PM

Post #537

Hopefully its approved by the courts and there is a pr on it...

bankmade

05/07/18 9:04 PM

Post #536

No, but tomorrow they need to have their plan presented before court so that will show up sometime tomorrow.

elevate333 Free

05/07/18 8:41 PM

Post #535

Re: #532: @bankmade - LAST FRIDAY:

Anything hit pacer today?

bankmade

05/07/18 8:37 PM

Post #534

Even looking at the average for the last 10 years .50 is a solid bet for this stock... only once did it drop 2 20 cents then it shot up over a dollar...definitely a safe bet to get in at these levels before the run.
$PTSXQ

klimanjaro Free

05/07/18 2:21 PM

Post #533

Re: #532: @bankmade - LAST FRIDAY:

this jewel will sure perk up this week, get your loads folks and be ready to reap monster profits. MARK MY WORD!

bankmade

05/07/18 2:54 AM

Post #532

LAST FRIDAY:
Withdrawal of Claim(s): 20 Filed by Creditor BB&T. (Page, Aleksandra)
SOON WE WILL SEE DOLLARS HERE!
$PTSXQ

ALL COURT CASE INFO:
https://www.pacermonitor.com/
CASE: 2:17-bk-22432

PennystockID2017 Free

05/06/18 11:42 PM

Post #531

Re: #530: @GM26 - I have a question. What will happen

If the chapter 11 does go thru and the Q falls off and PTSX can be relisted on the as a big board stock. This was a restructuring bankruptcy not a liquidation bankruptcy so once the court approves the restructure this one will fly.

GM26

05/04/18 9:18 PM

Post #530

Re: #527: @bankmade - MAY 8TH is when they present the

I have a question. What will happen if the chapter 11 does go through, after all this is all due to couple of bad investments they made by purchasing the Modern Video Film facility and now they realized that it was a bad deal. From my understanding, all employees from Modern Video Film went to .360 Burbank location. Company still operates on 2 separate buildings is my understanding and has close to 500 employees and is profitable.

Thanks

bankmade

05/04/18 3:59 PM

Post #529

Re: #528: @elevate333 - I'm surprised there is no buying today.

its been slow, people are just waiting for the news.

elevate333 Free

05/04/18 2:42 PM

Post #528

Re: #527: @bankmade - MAY 8TH is when they present the

I'm surprised there is no buying today.

bankmade

05/04/18 12:50 PM

Post #527

MAY 8TH is when they present the plan to the courts

elevate333 Free

05/04/18 12:09 PM

Post #526

Court date next week?

bankmade

05/04/18 3:48 AM

Post #525

I believe (not 100% yet) that they have 90 days to complete the bankruptcy after the plan is released. Although with how quick they are moving and the almost daily case reports on pacermonitor they may complete it sooner than that.
$PTSXQ

bankmade

05/03/18 4:02 PM

Post #524

Easily 1.5 ... hopefully the restructuring and foward plan is pr'ed on may 8th latest may 9th..will definitely see a huge run on this.
Go $PTSXQ

klimanjaro Free

05/03/18 12:46 PM

Post #523

1.5 minimum on the near horizon. IMMINENT!

PennystockID2017 Free

05/01/18 4:28 PM

Post #522

News Status Update 04/30/2018

Point : Point.360
Point.360 Status Report Filed -- Point.360 filed with the U.S. Bankruptcy Court a status report and request to continue its status hearing to anticipated disclosure statement hearing date with proof of service. The report notes, "Debtor hopes to reorganize its operations and capital structure and gain access to liquidity, reduce costs and liabilities, optimize operations to meet customer needs and create value for employees, customers and creditors.... Operationally, the Debtor has already closed its Empire facility and consolidated operations in the remaining facilities. The problem of the remaining REEP claim may be resolved in connection with pending negotiations to resolve the remaining claim through receipt of credit for fixtures and equipment that are of inconsequential value and benefit to the estate upon fully vacating the facility, subject to Bankruptcy Court approval. Debtor is concurrently working toward resolving the Austin claim through a pending motion to approve Debtor in Possession financing. Ultimately, the Medley claim that arose in connection with the MVF acquisition may become a principal dispute to be resolved through the case. Debtor will be able to fully assess such matters once a claims bar date is set and all timely filed claims are evaluated.... Debtor's most significant unexpired leases are its leases for the Media Center and HWay facilities. The HWay facility is owned by Haig Bagerdjian, Debtor's president. Debtor presently intends to continue operations from both facilities and ultimate assume these leases. Pending development of Debtor's chapter 11 plans, Debtor shall maintain these leases and meet all postpetition financial obligations there under and Debtor intends to extend the time to assume or reject pending plan formulation."

© Copyright © 2018 New Generation Research, Inc, All rights reserved., source Journals

bankmade

05/01/18 1:28 PM

Post #521

Is there a link for the uplisting?

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Point 360 fka PTSXQ

Followers	13	Posters	66
Posts (Today)	0	Posts (Total)	570
Created	02/07/12	Type	Free
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Our core mission is to set the gold standard for the industry when it comes to customer service. We care about each and every project as much as our clients do because we understand your passion behind the content.

Get it done, on time, within budget, at the highest possible quality, THE FIRST TIME! We understand that the costs incurred in both time and money when a project is not completed within these stringent parameters. We make it right, and often better.

One company to handle all of your services from production start to distribution. You can be assured that your content will be handled securely and confidentially throughout our facilities in Los Angeles. You can drop off your project at any one of our locations.

Netflix Preferred Vendor

Point 360 is now a Netflix Preferred Vendor for Quality Control

Point.360 is pleased to announce that we have been selected as a Netflix Preferred Vendor for Quality Control. The honor of being awarded this distinction acknowledges our commitment in upholding the highest standards possible for our clients, as well as providing exceptional service. We have been producing master-level quality control to the broadcast, digital distribution, and film industries for many years, and we are proud that Netflix has chosen us to ensure the level of quality for which they are renowned.

World Leaders

Fully integrated digital media services to help you take your project from Camera to Customer

Point.360 (PTSX) provides the "gold standard" in digital media solutions. We combine award winning talent with state of the art technology to deliver the best product and customer experience available. We consistently deliver innovative digital media solutions to the theatrical, television, and restoration industries. Our superior talent and technology have attracted the industry's best directors and producers, making us one of the world's leading providers of creative services.

Click on a service in the list to the right to find out how we can help bring your vision to life.

How May We Help

Production
Post Production
Visual Effects
Animation
Restoration
Digital Media Supply Chain Management

Tel +1 818 396 P360Terms and Conditions Code of Ethics Investors Corporate Payments Sitemap Contact

Point.360 2701 Media Center Dr. Los Angeles, CA 90065

Point.360 is an integrated media management services company providing film, video and audio post-production, archival, duplication, computer graphics and data distribution services to motion picture studios, television networks, independent production companies and multinational companies. The Company provides the services necessary to edit, master, reformat and archive its clients’ audio, video, and film content, which includes television programming, feature films, and movie trailers. It derives revenues primarily from the entertainment industry, consisting of major and independent motion picture and television studios, cable television program suppliers, television program syndicators, and advertising agencies. Point.360 maintains video and audio post-production and editing facilities as components of its full service, value-added approach to its customers.

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