The liquidating distribution is expected to be approximately .06 per share, and Sapphire currently expects that such liquidating distribution will be made on or about January 26, 2010.
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United States Bankruptcy Court, Central District of California, San Fernando Valley Division ICPW Liquidation Corporation, a California corporation Case No.
In addition, if and when received by Sapphire, stockholders will receive their proportionate share of any federal tax refund claimed by Sapphire in its federal income tax returns.
Sapphire will file a Certificate and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities and Exchange Act of 1934, as amended. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.
For a description of our assets please see the Portfolio section.
In addition, as of the close of business on January 19, 2010, Sapphire’s share transfer books will close.
Pacific Time, at the following location: Room 100 21041 Burbank Blvd Woodland Hills, CA 91367-6003 Rule 9001(5) of the Federal Rules of Bankruptcy Procedure requires that a representative of the Debtors appear at the Meeting of Creditors for the purpose of being examined under oath by a representative of the Office of the United States Trustee and by any interested parties that attend the meeting.