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It's been 2.5 months since the appeal. We should be getting some news soon.
Blue Calypso Repays and Retires All Outstanding Convertible Debt Held by Magna Equities
Wednesday, February 17, 2016 12:00 PM UTC
DALLAS, Feb. 17, 2016 -- Blue Calypso, Inc. (OTCQB:BCYP), an innovator of mobile consumer activation, engagement and social advocacy solutions for manufacturers and brick-and-mortar retailers, announced today that it has repaid all amounts owed under the Senior Convertible Note (the “Note”) issued by the Company to Magna Equities II, LLC (“Magna”).
Blue Calypso issued the Note to Magna on July 20, 2015 as a bridge financing instrument in connection with the Company’s pursuit of an uplist to a national exchange. As reported previously, the markets became unstable in August and September and the Company decided it was in the best interest of the shareholders to withdraw its registration statement and application from the exchanges.
The Company repaid a portion of the outstanding Note principal on December 18, 2015. In connection with the December payment, the Company and Magna also restructured certain key terms and conditions of the Note including pushing certain installment and guaranteed interest payments until February 2016. Following the restructuring, the Company concluded that it was in the best interest of the Company and its shareholders to repay the remaining outstanding balance under the Note in cash prior to such installment and interest payments coming due. With the settlement of this Note, the Company now has no outstanding debt.
“By repaying the remaining balance of the Note, we have avoided any required interest payments and potential dilution to our existing shareholders as a result of the Note converting to our shares of common stock. We are pleased to retire the Note and strengthen our balance sheet,” said Andrew Levi, Blue Calypso Chairman and CEO
Simply this: a few are selling, nobody is buying. No news, off the radar. Awaiting results of the appeal. Crappy market in general. Investors in no mood to take risks, going to safer havens.
Positive news will turn this around in a hurry. Let's hope.
Thanks for your inquiry with Merriman and responce. My problem is it still does not answer to the 90+% drop in price since the RS.
Spoke with the rep at Merriman Capital a few days ago about this. Regarding the appeal that took place on December 7, he was there and opined that it went very well. The decision of the court can take anywhere from a week to 3 months. If it takes only a week you can bet it's not going to be a good result. If it takes longer it means they are looking at it very closely, which could be a good sign. The bad weather in the northeast also could delay the decision somewhat. So no news in this realm could well be good news.
He also commented that the patent litigation firm handling the case is the most successful in the US, and the fact that they accepted BC's case is indicative, since they are very picky and aware that they are investing substantial time and costs to litigate. He also mentioned that the judge that will be hearing the case is likely the most favorable judge for patent matters, another plus.
Regarding the lack of other news, e.g. sales, contracts, etc., he commented that the time cycle to get substantial commitments from large retail companies can be quite long, especially since BCYP's product is not yet well known. He did not seem concerned about that.
The rep still stands by his conservative estimate of $22/shr.
Patience is tough to handle in view of no news, but I'm continuing to hold. BC is essentially still a start-up company but it does show promise.
I was really excited to see a post on here....Then I became sad again after reading it :/
Coming soon to your area BCYP the penny stock everyone has forgot about. Again NO news, NO updates, NOTHING but SILENCE from the company.Wonder why it is down 90+% in the past year?
if you're referring to the ultimate trial, yes, that's correct. But the 12/7 hearing was because the court agreed to hear arguments on BCYP's contesting the original decision to void some of the patent items. Levi anticipated getting a fairly quick decision, I believe. That's what I was wondering about.
New 8K out
http://biz.yahoo.com/e/151230/bcyp8-k.html
I believe the hearing was postponed pending review at Federal Circuit. Was hoping to see post by now from someone with Pacer account or from BCYP.
Since the hearing was on December 7th I would hope we will be getting some news soon on that appeal.
Your welcome, any good news is also welcome..Merry Christmas
Thanks for that info ;)
More Good Blue news....paid Off $250k
Here is the link to the transcript of the conference call:
http://seekingalpha.com/article/3689976-blue-calypsos-bcyp-ceo-andrew-levi-on-q3-2015-results-earnings-call-transcript
Note that Levi stated "We subsequently filed for appeal with the Federal Circuit, whereby our hearing date was set for mid-January 2016. We were recently notified that the hearing would be accelerated with arguments to be delivered, coming up here shortly on December 7. (emphasis mine).
The very large volume (relatively speaking) stumped me a bit. 160k+ shares (equivalent to 8.5mm before the RS) is substantial. Just wanted to understand what would prompt this, particularly in face of the low share price. Could of course be year-end selling (hope so). Hope to hear about the appeal result soon.
Any other insights are of course welcome.
I thought in the quarterly report I remember it saying the jury selection was scheduled for December 7th, not an actual decision. I'm curious myself too because what's happening is certainly not based on any news.
I still think this company has an upside and based on their last financials, I was glad to see they were willing to work on reducing the expenses so they can start showing a profit. I'm still in it for the long haul.
Silence from company is deafening. Only PR they ever post is some bsh@t about engaging shoppers at the mall. How about PPS dropping 90%+ in last 6 months.
What a bath today!! Haven't seen any news about BCYP. Did the circuit court decisions go against? The session was on December 7 and decisions were expected quickly.
Can anyone shed some light on this?
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Beginning tomorrow, all Premium features will automatically be available to all Users until January 1st.
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Not many shares available....
Notice that the volume that's pulling it down is nearly always very low. Like today, while we started at $1.95, the volume that actually caused the drop was just 800 shares. That alone leads me to believe that in the absence of buys it's easy to manipulate. Think I'll just wait for news.
This is starting to STINK UP the room. No news till it's made. R/S was a BAD idea.
Haven't heard anything yet. Pretty dismal performance this week. An analysis might be helpful.
Still waiting for any word from Federal Circuit. If anyone hears anything please post.
Notaclueyet........
From the action and results today I'd say you are probably right.
I still believe someone is driving the PP down to steal cheap shares. Now with the delay they are saying December but we all know that probably means late January.
Not very pretty on Friday. Hope this downdraft stops!
Clearly because of the announced hold on the patent trial pending resolution of the appeal on previously denied PTAB items. Some have been waiting a long time and have just lost patience. Too bad. IMO this is a time to pick up so more shares.
Pps taking a huge dump today. Just lovely.
OUR BLUE NEWS........Great 8-K and 10-Q..lowered almost all debts....Court Dec 14th
we are moving on........settle with two(2) more...
We could only hope. At that price I could close up shop, say "good night Gracie", and be VERY happy the rest of my days!!!!!
According to Merriman analysis, bcyp may well be worth (conservatively) $22/share, based on positive results from the upcoming trial, plus buyout potential. Would be nice!
So the fireworks start on December 14 and wrapped up by the end of that week. Maybe we get a Santa Claus rally. Groupon must be asking for sweetheart deal like the others got.
Just sitting here like everyone else waiting for that hopeful sweet December. Don't you just love the way they move the stock down to the $2.50 level where they swoop up 95k shares then move it back up? We should all have the money to do be able to do that.
Nice performance the last couple of days. Whassup?
Bill Ogle who was co-CEO with Andrew Levi apparently left BC and according to LinkedIn is now CEO of Koupon Media: "Head of the industry leading mobile coupon technology firm that works with Brands to reach consumers with mobile offers when they are in a store and ready to buy. Koupon Media is a venture backed tech firm growing at triple digit rates annually due to our integrated technology that delivers 20x the engagement of other programs. By also providing consumer analytics and data mining, Koupon Media is a Best in Class sales driving tool."
This sounds very similar to Blue Calypso's "MOBILE SHOPPER ENGAGEMENT SOLUTIONS
Blue Calypso’s patented mobile shopper engagement platform enables retailers and brands to deliver a unique and engaging mobile shopping experience to their store shoppers. Our integrated platform streamlines the shopping journey from store entry to checkout, creating a personalized concierge-driven in-store experience. The system increases sales at the local level by delivering a wealth of circumstantially and geographically relevant product- and store-specific data designed to educate users, influence purchase behavior and strengthen relationships with both retailer and product brands. From beacon integration to NFC and SMS texting, Blue Calypso technology tracks various activation methods and ensures timely content delivery."
They are both in Dallas. Makes one wonder...
still no clue...sorry state of things
Big volume today, equivalent to about 5mil of the old shares. Down to $2.50. Thoughts?
And what is it that they got from the two settlements? People are looking for real money in the bank. Maybe come December?
when it only takes 640 shares sold to drop it 9%, what can be said?????
So two settlements have been reached and the pps keeps murdering itself chunk by chunk. Is there something that I missed?
On September 21, 2015, Blue Calypso, Inc. (the “Company”) entered into a settlement agreement (the “Agreement”) with Yelp Inc. (“Yelp”), pursuant to which Yelp has agreed to purchase 4,000 KIOsentrix Beacons from the Company and has settled all outstanding litigation between the companies. The Company intends to issue a press release with more detail before the market opens on Monday, September 28,
There we have it.
It was 100 shares...tks
Notaclue, Or had fat fingers.
Actually, I thought there were shares traded in the 1000s. If I were painting a tape it would just be 100 shares. I can't see what the transactions were, so this is conjecture.
Some one tried to paint the tape....
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CHICAGO, Sept. 23, 2013 /PRNewswire/ -- Mr. Ronald L. Chez, a private investor, filed a 13D for Blue Calypso (BCYP) with the SEC. Mr. Chez and his associates are working with management, and plan to continue, to assist in securing potential customers for the Blue Calypso software suite of products.
About Blue Calypso, Inc.
Blue Calypso is an innovator in digital word-of-mouth marketing and advertising. With Blue Calypso's patented platform, brands can harness the power of friend-to-friend referrals by empowering their advocates to share brand content with their unique social graph and rewarding sharing and engagement. Through robust, real-time analytics, brands can achieve a measurable ROI against their social media investment, acquire high-value customers and increase sales.
Mr. Ronald L. Chez is the President of Ronald L. Chez, Inc., and a private investor.
DALLAS, TX — September 18, 2013 — Blue Calypso, Inc. (OTCBB: BCYP) developer of digital innovation products and services for the social media marketplace, increased its intellectual property portfolio by purchasing proprietary mobile gamification technology in an all-stock transaction for approximately $150,000.
Blue Calypso has already applied for one new patent based on the integration of this technology with its own platform. Management expects to further develop the intellectual property purchased as well as file a family of patent applications. This new family of patents combined with Blue Calypso’s existing patents, creates an unprecedented IP portfolio in the social media space.
The mobile technology which was purchased has been rebranded as DashTAGG™ which is a unique social mobile game of “tag” that requires both physical and digital participation. Games can be sponsored by one or more retailers, event sponsors or product manufacturers. To acquire “TAGGs,” players must visit participating retail locations and scan codes. While at these destinations, they may be presented with redeemable in-store offers. Top performers are rewarded for their participation with merchandise, points and badges.
“Adding gamification capabilities to our social amplification suite creates additional opportunities for product development and licensing,” stated Blue Calypso’s Founder and Chief Technology Officer Andrew Levi. “DashTAGG is similar to our other products as it targets entities that use social media and brand advocacy to influence brand awareness; therefore, we can leverage our existing sales and development infrastructure. We believe this transaction is an excellent example of our growth strategy at work and launches Blue Calypso into a unique un-tapped segment of influencer-driven marketing and advertising.”
“Our new technology bridges physical and digital gamification. We believe consumer-facing businesses, such as retailers, restaurants, media & entertainment, sports and major event planners, will seize the opportunity to use DashTAGG to increase in-store foot traffic, visitor-to-buyer conversion rates and influencer advocacy branding. Already, we have secured partners who are committed to beta version testing,” concluded Levi.
Blue Calypso, Inc. – Wed, Aug 21, 2013 1:24 PM EDT
Blue Calypso, Inc. (BCYP) dismissed its patent infringement action against LivingSocial, Inc. pursuant to the terms of an otherwise confidential settlement and license agreement.
Bill Ogle, CEO of Blue Calypso, stated, “Blue Calypso develops IP that it patents, licenses and embeds in digital innovation products and services for the social media marketplace. Our proven, patented technology platform helps users launch content and promotions into social media channels. We intend to vigorously defend our patents and will continue to develop new products based upon our growing IP portfolio.”
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