Item Id: Corey01
Case Name: Corey, Jeffrey D & Trena E
Case Number: 17 07650
Starting Minimum Bid: $2,745
Description: Estate’s interest in 14,000 of common stock in NetTalon Security Systems, Inc
The goal of NetTalon is to provide a comprehensive and integrated solution to school safety. The mission is to have the safest environment possible and to avoid the mass injuries and killings that have occurred in previous school shooting all while giving law enforcement the command and control necessary to make a successful rescue. All parties: teachers, students, school personnel and law enforcement have a role to pay in making this possibility a reality. NetTalon’s ‘Best Practice Solution’ for school safety is called VIRTUAL COMMAND (www.nettalon.com)
At the time of purchase (2014), the stock was acquired for the price of $0.25 per share. The Agreement with NetTalon provides for Dividends, and Voting Rights. The Agreement also contains a provision for registration rights should NetTalon Security Systems elect to conduct a public offering. The Agreement is currently valid through 4/15/2024
Upon completion of the auction, a stock transfer assignment will be provided to the winning bidder. That new assignment must be submitted to NetTalon Security following NetTalon procedures and policy.
THIS ASSET HAS A FIRM OFFER AND WILL NOT RELIST!!!
Location: NetTalon is headquartered in Fredericksburg, Virginia outside of Washington DC
Financial Data: See Links Below:
Net Talon Financials
NetTalon May 2016 Shareholder Report
Articles of Incorporation / By-Laws:
Articles of Stock
Notes: A closing cost fee of $275 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad). Bidders should familiarize themselves with eBay policy regarding bids exceeding $15,000.
Bidders should familiarize themselves with BKAssets.com policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on www.bkassets.com Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.
Title and Transfer: The stock transfer will be an assignment of the stock which must be submitted by the winning bidder to NetTalon Security Systems to transfer the stock ownership. Because this is a US Bankruptcy Court ordered, as is, where is,sale, BKAssets.com is not permitted to use an escrow company, or provide any warranties or guarantee, implied or stated.
Legal Info: By Order of the United States Bankruptcy Court, BKAssets sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition/value of the stock, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this stock after the sale including but not limited to: paying any fees/costs associated with this stock, paying all fees/liens (if any), recording/transferring the assignment and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT realtors or stock brokers / investors. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a Bill of Sale, transfer / assignment documents and contact information within Net Talon. All the information as to the item description has been provided by the debtor, trustee and NetTalon website. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.
Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Citibank, Chase, Wells Fargo, Bank of America, a local regional bank or credit union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment.
A closing cost fee of $275 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.
Shipping Info: Shipping is free to all buyers in the United States. International bidders are welcome, please contact Bkassets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.
Liens: We do not know of any other liens
Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..