InvestorsHub Logo
Followers 1
Posts 57
Boards Moderated 0
Alias Born 03/04/2014

Re: GreenBackClub post# 4323

Friday, 07/11/2014 5:20:31 PM

Friday, July 11, 2014 5:20:31 PM

Post# of 8287
Just got off the phone with Brett Maas of Hayden IR...the 120,000 shares that were given to Roth was for services in the 20 million offering that already took place...they may sell them or they may not...he indicated that there will be NO MORE DILUTION THIS YEAR....I REPEAT...THEY HAVE THE FUNDING TO OPERATE THIS YEAR AND DO NOT INTEND TO DILUTE FOR THIS TIME PERIOD...as you know the Markman hearing for OCT 2nd will happen before any dilution occurs and they plan to announce how the hearing went shortly thereafter...

We also spoke about how a potential settlement or ruling would affect us shareholders...if a settlement/ruling occurs that amount minus operating expenses will be divided amoung the shareholders....
example: 34 million settlement occurs...Approx. a $1 per share dividend is issued (as I said, it may be .90 after operating expenses are covered, it could be .94...just not sure at this point...) that is the company's intention...

They will be having another shareholder conference call in August...I believe he said the 18th but stay tuned for confirmation on this...

All of the talk about reverse splits and severe dilution is just bashers trying to get in cheap...sure things have been painful lately but those who sold out need to realize that as quickly as this share price can drop even without news pales in comparison of how it will react upon GREAT NEWS like a settlement...all lawsuits are active and communications are ongoing...I'm holding my shares strong because overnight a settlement could be reached and this will move fast if and when they announce it...look at what a cupcake can do in less than a day....1,200%...sheesh...I wish I saw that one coming....