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Hard not to like Tom Petty
Long UOIP. Yes thank you ….it’s been taken care of.
My point was he was appeasing you by giving you very little information that may or may not be factual and cannot be validated except by waiting to see if it happens or not…. With no timeline.
He also avoided mentioning himself in his response in any way…using the TA as the party responsible. This was deliberate
That means absolutely nothing. Not only could he be straight up lying…. But even if he wasn’t …. It gives us absolutely no relevant information.
Essentially says someone else will contact you about something else sometime in the future
That is correct
Lol… trusting someone’s words who’s actions are contrary is crazy
6 years ago
600m divided by the 13 is 46m on average per entitiy. Pocket change
I agree they would have already settled if this low number was on the table …especially when you take into account indemnification
Good post … agreed
For the record, I am not Gcoll.
No offense Gcoll, just wanted to clarify as some board members had previously asked me since your alias is similar to my real name.
Also this is not a forum to be discussion legal matters… just not smart to post details of an ongoing legal activity on a public forum
However I will say that I have never been a part of any lawsuit where the lawyer thought is was a good idea for those he/she represents to have any direct communication with any of the involved parties.
Very mature post Billy.
Agreed that was just an example of how low the settlement would need be for us to still get .12 per share if there wasn’t games being played with the waterfall.
I just want a fair piece if the settlement/award value.
the award value and our piece of it are two separate issues.
If after legitimate legal charges what’s left over is .12 cent per shared or billy and all other common shareholders (240m settlement would provide that) I would be ok with it
But if they settle for 1.5b and we only get .12 per share do to the waterfall and other arrangements…. That’s another story. We should get .70+ per share with a settlement of that size
I agree. We could easily be back in court in July.
Carter may be willing to settle low since he took an extra 20% off the top. Getting rid of that waterfall, will likely put him in a position where he wouldn’t be willing to settle for peanuts
25m or 25% which ever is GREATER …. No cap 2b settlement would give them 500m
Agreed
Yes … I agree. Exposure influences too. I have been a part of several private company dissolutions and greed is always a factor at some level
I think some people’s wag was based on how much the patents were worth…. Not what we would get for a settlement or what we would get after legal
Very different number, especially after seeing the intentions of the waterfall
My apologies Tony. I misread…. Agree completely
Sorry tony I missed the double negative… I agree completely
I still think settlement will be billions…. However the way he has structure things shareholder will likely only see a fraction of that
400 m may be the shareholder portion after the legal financing and deals with other parties including his own 20% to UOI!P
Tony, please explain.
What has Carter done to maximize the value to the shareholder?. He took toxic financing to fund the lawsuit. Tried to Put deals in place that benefit other parties not shareholders by taking money off the top and himself.
The patents are solid …. All that was needed was to put a legal team in place.
What has Carter done that benefits us that someone else couldn’t have done?
100% agree with your support of Broke Agent
Me too
just to clarify, we are hiring legal to represent the interest of ALL shareholders not just those who have a lot of shares.
Not going to happen
We are not going after him…yet we are just hiring a law firm to investigate to protect our interest. (Which takes time)
If we wait until we need to act it will be too late… just preparing to protect our interest will take weeks, but we will be ready to fire immediately when if needed.
Not preparing now would put us in a bad place. I am moving forward as planned.
Does not impact my decision at all. If a Pete time expires and it is the only patent that supports infringement (which they are not) we would be compensated for just the infringement during the time that the patents were valid and not for future use
That’s what it looks like to me.
Given the reporting we got from the courtroom. It sounds like we were clearly proving our case and Cox was not doing so effectively…. it must be a pretty good settlement amount (hoping 75% of teeces estimate) otherwise it wouldn’t make sense for Carter to agree to a settlement when everything was going his way
Do you know that for a fact?
My TD account still shows my shares
It COULD leave nothing depending on the settlement amount
Basically anything below 200m and there is nothing left over. (Anything below 500m and there is nothing meaningful left over) Also new waterfall splits uoips potential share with one of carters other
under the new waterfall is that with an 800m selttlement we would only get 7 cents per share
Anyone want to sign up on the facebook page, i posted an excel spreadsheet of the wasterfalls
Whis is taking the lead on our collective action? Are you?
I am heare to help anyway possible.
Theoretically possible. But most likely both parties would have to agree unless the us a real jystification for it beyong inpatience. Think the chances are slim to none
Ageed, but not just billy refusing to settle but rather refusing to settle for the $ amount offered. My guess is settlement offers have been very low to date.
Hoping that offers get real once a date is set.
Agree. Completely