Case Information

Bankruptcy Name: 1Point Solutions, LLC
Case Number: 06-05400
Chapter: 11 (Involuntary)
Date Filed: September 26, 2006

Bankruptcy Name: Barry R. Stokes, Individually
Case Number: 06-05898
Chapter: 11 (Voluntary; Administratively Consolidated with 06-05400)
Date Filed: October 13, 2006

Monday, November 27, 2006

Bellevue, Tennessee Auction - 11/14/2006

I was very pleased with the personal property auction at the former 1Point Solutions, LLC, office in Bellevue, Tennessee. It is possible to have too many bidders at an auction and we almost attracted more folks than the facility would handle. The sale included primarily computers and office equipment. There was a Buick and a trailer both of which were titled to 1Point and brought from Dickson. We used the trailer to haul office equiopment from the phone center in Dickson to the sale. When hammer fell on the final lot we had a total sales of approximately $60,000.00.

Many of you probably read about the burgulary of the building the night before the sale. We did lose eight flat screen monitors and four used computers. The contents of the building were insured. We have filed a claim. It appears the insurance adjustor is going to use the prices brought for comparable equipment in the auction to set the value of the items stolen. That seems fair. We are expecting a check in the mail shortly.