Premium Laser Systems Inc (fka PLSIQ)

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db7

01/13/10 5:56 PM

Post #37

Re: #33: @db7 - hmm.. progress being made? http://www.ironwoodadvisory.com/news/HBS_Ironwood_Pr

or not.. that is from 2005 :( .... last i knew Mosier was still working on this case though... fingers crossed

db7

01/13/10 5:55 PM

Post #36

Re: #35: @db7 - still hope here.. plsiq doesn't trade anymore and

hopefully we get some kind of cash recognition at some point b/c the surgilight shares are quoted as .0002 now... a divy in them would be worthless

db7

01/13/10 5:54 PM

Post #35

Re: #34: @db7 - see page 20 for the start of things

still hope here.. plsiq doesn't trade anymore and comes up as an unknown symbol at yahoo finance and pinksheets.com

however it's still listed in my tda account

db7

01/13/10 5:53 PM

Post #34

Re: #33: @db7 - hmm.. progress being made? http://www.ironwoodadvisory.com/news/HBS_Ironwood_Pr

see page 20 for the start of things

db7

01/13/10 5:52 PM

Post #33

hmm.. progress being made? http://www.ironwoodadvisory.com/news/HBS_Ironwood_Presentation.pdf

db7

05/07/08 1:45 PM

Post #32

http://www.sec.gov/litigation/suspensions/2008/34-57787.pdf

db7

05/07/08 9:38 AM

Post #31

not sure why it's been suspended.."Primary Venue: Pink Sheets / Status: Suspended"

db7

02/25/08 11:55 AM

Post #30

Re: #29: @db7 - President & CEO

PLS Liquidating LLC

db7

02/20/08 3:14 PM

Post #29

Re: #23: @db7 - i found out who's handling our case

President & CEO
Chapter 11 Debtor

Premier Laser Systems, Inc.

Problems:

Operations Ceased/Board resigned

Valuable IP aging/losing value

Goals:

Sell remaining intellectual property

Sue patent infringers

Maximize recovery for creditors

Results:

Claims reduced: $20 to $6 million

Dental Intellectual Property sold

Patent infringment suits paid off

Creditors paid in full, interest pending

Mosier & Company, Inc.

db7

07/19/07 8:08 AM

Post #28

Re: #27: @THE LURKER - When will the final court verdict be out?

Hi Lurker,

while i think the shell will be marketable when all is said and done... first things first will be finishing off liquidation.. paying off creditors.. and then shareholders will possibly get a piece of the pie

not sure on a timetable

i bought at .01 liking the risk/reward lol... now .003 ask

if one has patience... especially at .003 .. i think it's a decent buy risk/reward wise

while i'm hoping for cash and shares of srgl.. i'll take any.. either .. or.. both...etc

see this post for the words from the lawyer who's handling the case

http://investorshub.advfn.com/boards/read_msg.asp?message_id=20605012

g/l

THE LURKER Free

07/18/07 8:00 PM

Post #27

Re: #26: @db7 - .002 x .003 again.. still holding all my

When will the final court verdict be out? Is there a chance the shell will be sold or does it remain with Premium Laser?

db7

07/18/07 3:22 PM

Post #26

.002 x .003 again.. still holding all my shares... waiting

db7

06/20/07 11:09 AM

Post #25

Re: #24: @EdF - Oh well, it was a long shot anyway.

it's actually more positive in my eyes than i had been expecting.. albeit doesn't sound like we'll be getting anything today or tomorrow lol

EdF

06/20/07 11:08 AM

Post #24

Re: #23: @db7 - i found out who's handling our case

Oh well, it was a long shot anyway. Thanks for the DD wink ...btw, where have you been hiding?

db7

06/20/07 11:06 AM

Post #23

Re: #19: @EdF - Someone hit that ask hard...nice. eom

i found out who's handling our case

my email to him,

"Hello Robert,

I am a shareholder of PREMIER LASER SYSTEMS, INC. (PLSIQ) and was wondering if you could give me an update on the status of our Liquidation or put me in contact with somebody who can.

Is the liquidation still taking place?

Was there already a distribution to shareholders? If so, do you think the shareholders will get any further distributions?
"

Response:
"As you may know, the general unsecured creditors have been paid in full with the exception that this group of creditors is owed about $650K of interest. Once the interest is paid off (or I may say if the interest is paid off), I will turn my attention to the shareholders.

We have several irons in the fire to generate the funds necessary to pay off the creditor interest (without any guarantee that it will be accomplished). These include patent infringement litigations and settlements that involve the general surgery lasers.

I am also holding about 3 million shares of stock of SurgiLight, a company that purchased the ophthalmic laser patents. It is not clear whether this stock will be made available to the PLS shareholders or it may be used to make the interest payments to the PLS creditors.

I don't have a timetable for going forward. Candidly, I though all of this would be wrapped up by now, but the litigation is taking longer than we anticipated. It is an element that I cannot control.

Bottom line there is a slim and distant chance that you could receive something in the future for your PLS shares, but it is problematic and quite distant. I hope this helps. RPM "

db7

06/12/07 11:04 AM

Post #22

Re: #19: @EdF - Someone hit that ask hard...nice. eom

added some mo

db7

06/07/07 3:33 PM

Post #21

Re: #20: @db7 - closed at .0037 yesterday... wow.. on watch to

200 @ .002 bid.. .plsiq.. u just wait till i get some cash freed up lol

db7

05/30/07 9:26 AM

Post #20

closed at .0037 yesterday... wow.. on watch to avg down again

EdF

05/22/07 2:43 PM

Post #19

Someone hit that ask hard...nice. eom

EdF

05/22/07 1:22 PM

Post #18

Re: #17: @db7 - added some .0061's

I figured that was you wink

db7

05/22/07 1:18 PM

Post #17

Re: #15: @EdF - I think I heard it used once in

added some .0061's

db7

05/22/07 1:05 PM

Post #16

Re: #15: @EdF - I think I heard it used once in

lol

EdF

05/22/07 1:03 PM

Post #15

Re: #14: @db7 - yep... i'm watching NITE as he was the

I think I heard it used once in a Star Trek episode.

db7

05/22/07 1:00 PM

Post #14

Re: #13: @EdF - Hadn't even noticed the drop....looks like it was

yep... i'm watching NITE as he was the accumulator.. if that's a real word

EdF

05/22/07 12:56 PM

Post #13

Re: #12: @db7 - .006 x .007...i'm on bid to add

Hadn't even noticed the drop....looks like it was on pretty lite vol.

db7

05/22/07 12:53 PM

Post #12

Re: #8: @EdF - There are alot of possible outcomes with this

.006 x .007...i'm on bid to add

db7

05/17/07 11:13 AM

Post #11

Re: #8: @EdF - There are alot of possible outcomes with this

she seems very thin Ed..

db7

05/17/07 10:15 AM

Post #10

Re: #8: @EdF - There are alot of possible outcomes with this

months before going bankrupt.. it looks like marketcap was over $90 million.. currently it's at about $183,000

db7

05/17/07 10:07 AM

Post #9

Re: #8: @EdF - There are alot of possible outcomes with this

agreed! g/l!

EdF

05/17/07 9:59 AM

Post #8

Re: #7: @db7 - last doc filed on pinksheets was in 2003..

There are alot of possible outcomes with this one...but the fact that someone has been quietly buying is too interesting to pass up.

db7

05/17/07 9:57 AM

Post #7

Re: #6: @EdF - Nice find rollin, getting an entry ticket as

last doc filed on pinksheets was in 2003.. saying they're in the process of liquidating

would be a nice suprise to wakeup one day and see a figure for what the common are getting ... again assuming they do get something

EdF

05/17/07 9:56 AM

Post #6

Re: #5: @db7 - maybe nothing... but imho whomever has been loading

Nice find rollin, getting an entry ticket as well wink

db7

05/17/07 8:55 AM

Post #5

Re: #4: @TITAN - whats going on with the compnay you think?

maybe nothing... but imho whomever has been loading recently is doing so for a reason? whether they're going to run it OR maybe the bankruptcy proceedings are almost done???

no clue really... but the accumulation and 52 week high break made me test the waters

g/l

TITAN

05/17/07 12:33 AM

Post #4

whats going on with the compnay you think?

db7

05/16/07 3:34 PM

Post #3

Re: #2: @cosmoworld7 - what is the bloody use of posting OS

last known o/s... company IS bankrupt.. LOL.. i doubt they've been printing shares

cosmoworld7 Free

05/16/07 3:32 PM

Post #2

Re: #1: @db7 - PLSIQ, somebody is accumulating.. bought a starter @

what is the bloody use of posting OS numbers for 2001???

db7

05/16/07 3:16 PM

Post #1

PLSIQ, somebody is accumulating.. bought a starter @ .01 .. pinksheets makes it sound like common 'may' get something once creditors are paid

Premium Laser Systems Inc (fka PLSIQ)

Followers	3	Posters	5
Posts (Today)	0	Posts (Total)	37
Created	05/16/07	Type	Free
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someone is accumulating.. just took a starter at .01 from pinksheets: " Outstanding Shares: 18,288,835 as of 2001-11-13 Estimated Market Cap: Not Available Current Capital Change: Dividends: Company Notes: Note=3-00 company filed a under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division. Case No. SA00-12031RA. Plan of Reorganization effective 10-9-01: shareholders will receive any remaining cash & assets after creditors have been paid " September 28, 2000 " PREMIER LASER: SurgiLight to Purchase Ophthalmic Laser Division --------------------------------------------------------------- Premier Laser Systems, Inc. (OTC: PLSIQ) and SurgiLight, Inc. (OTC Bulletin Board: SRGL) announced that they have signed an agreement under which SurgiLight will acquire Premier's ophthalmic laser division. SurgiLight, based in Orlando, Florida, will acquire the intellectual property and inventory from Premier. Under the terms of the agreement, SurgiLight will close this transaction prior to the American Academy of Ophthalmology (AAO) in the third week of October. J.T. Lin, Ph. D., Chief Executive Officer of SurgiLight, said "We believe this is an extremely important milestone in the growth and development of our Company." Michael J. Quinn, President and Chief Executive Officer of Premier, said "We are pleased to be selling the ophthalmic laser technology and inventory to SurgiLight. The sale of the combined assets enables Premier to obtain optimum value for its stakeholders." The transaction between the parties is a culmination of a month long series of negotiations involving two separate suitors for control of Premier's ophthalmic laser division. The Magnum Group, Inc. of Tiburon, California, financial advisors to Premier, managed these negotiations. Randy McDonald, Managing Director for Magnum stated "We are confident that we have negotiated a deal that maximizes the asset value of Premier' ophthalmic lasers. In addition, we believe that SurgiLight will maximize these assets and immediately enter the market with this important technology." The transaction is subject to customary closing conditions, and approval by the bankruptcy court in which Premier's Chapter 11 case is pending. Premier had never formally commercialized Premier's ophthalmic laser product line. Premier was pursuing approvals to use the technology in the treatment of glaucoma and cataracts. "

was about $1 when it went bk .. or at least that's what i gather from the chart below

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