Wow, impressive response, I really appreciate your taking the time to provide such a detailed and informative reply. I agree with you assessment.

Thank you.

I hope we are lucky enough to see RM announcement in the near future.

So if the FID is made in October, when is best guess of the RM date? Any chance it might be this year?
Comments?

I for one have no idea of what the chances are of shareholders getting paid a fair share is if any. However, I am pretty sure that if no one had taken action to protect our interests, our chances of getting paid were real near zero.

In my opinion, those who have not only opened their wallets (some in a very big way) but have put significant sweat equity (not to mention increased stress levels) in attempts to support actions to protect shareholders deserve and have earned my respect.

I have tried to show my respect by supporting the cause. I hope others will choose to do so also.

Thank you,
007Roger

Passcode is phil
No caps!
Phil with capital P will not work!

267 Participants already on the call!

I have not had one installed but have consent paperwork in hand. Not sure about it yet, would like to hear about your opinion.

Will send you a private message during happy hour tomorrow.

Good luck with your procedure!

007Roger

Have a great trip. Just make sure that crystal ball is safe while your out!

Well that is a bold prediction and I along with I imagine thousands of other investors hope that the share price hits new yearly highs very soon! If it does, and in the interest of more future predictions here is some information how to keep that crystal ball in tip top shape:

https://homeguides.sfgate.com/clean-crystal-ball-24765.html

Thanks for your positive attitude and level headed information support.
Have a great week!
007Roger

I appreciate your contributions to this board. I hope you continue to share your thoughts and analysis.

I also am very curious as to what happened

Thanks. I appreciate your comments and respect your position. I hope this works out great for all the longs here.

Sorry misread.

I logged in to zoom. It says "the host will let you in soon." I hope he has slots for 2,000 plus else many will not get in.

I second that Comment! Facts and many others here have done a lot of the heavy lifting DD that has benefited many of us!

Seems to me, if the trail happens and a jury produces a verdict with dollar values that have been indicated, then the lawyers will be seeking share holders if there has been wrong doing.

But if we lose then it is over.

Or IF there is an out of court settlement with a NDA, then we have a tough road ahead to seek justice.

Thanks and I hope you get all you ever hoped for here. After 21 years, you well deserve it. I appreciate your comments over the last few years and when this comes trough, may you and your family enjoy the benefits.

Might want to polish it up good for that one. The foretelling of the buy back is _______!

My thanks to Gold, Law, RT and Hydra for their broker recommendations yesterday. Seems Charles Schwab is the clear winner. I may just open an account there and compare them to Etrade. Again, thanks and may we all do well with PHIL.

Etrade just shut off my level 2 quotes. I am ready to move my account. Who is best broker nowdays?

Need to advise Henry that the demand to attend the call was likely in the thousands based on 500+ viewing on the last minute twits account.
Suggest he be prepared to address thousands on the next call. Perhaps have an assistant near by.
BTW big thanks to the gentleman that set that up and informed us on IHUB so we could see the zoom call.

Thanks, it works, can see call now!

I can't get in Zoom either!

Good to see you again. Hope your doing well.

Henry is always on track right up to the day before it's due, then we get the Tweet that reads "we are sorry we are Unable . . ."

Thanks facts. I'm impressed with your info and logical thinking.

Just curious where you are reading that from.

2.2 million shares here.

Short version:
Uoip is being sued. If lose, we get 0. Suit revealed if best case we get about 9% of patent wins.

I recommend an attempt be made to contract Mr. Carter by phone and see if he is willing to provide appropriate information: if he is not, we should lawyer up.

I think it is time to engage Billy Carter in an official manner. We should officially request:

1. How many shares are outstanding, who owns them.
2. Is UOIP insolvent as stated in the Court Documents by DL. If so, what corrective actions are necessary to protect shareholder value.
3. Who is responsible to perform the fiduciary duties of UOIP? Someone has to be in charge and we have the right to know.
4. What are his intentions about the note due on 27 OCT 2020.

There are a ton of other things we need to be informed on. We should make a list and submit in an official letter perhaps after we lawyer up.

Bottom Line: We have legal right to know this information!

“In Delaware, stockholders’ inspection rights are outlined in Section 220 of the Delaware General Corporation Law. It provides that any stockholder who makes a request in writing and under oath has the right “to inspect for any proper purpose, and to make copies and extracts from: the corporation’s stock ledger, a list of its stockholders, and its other books and records.” The stockholder can conduct the inspection and make copies at the company’s business during normal operating hours.”

https://www.startupblog.com/shareholder-inspection-rights-in-delaware/

IHUB shows 160 people have it under "My Stocks". Not that it is a solid count, but a start for an estimated number.

I think a good lawyer could argue the Patents have some value and, based on it nearing trial, could be argued they exceed 10 million in net to Chanbond.

As example

Goodwill is an intangible asset associated with the purchase of one company by another. ... The value of a company's brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology represent some examples of goodwill.

https://www.google.com/search?q=goodwill+definition+balance+sheet&rlz=1C1CHBF_enUS893US893&oq=goodwill+defi&aqs=chrome.7.0i433i457j69i57j0l3j46i175i199j0l2.12403j1j15&sourceid=chrome&ie=UTF-8

Anyway, just passing information.

Any chance we have 500 shareholders and could the value of the Chanbond and its patent rights exceed 10 million, if so here is something to consider:

“A private company must file financial reports with the SEC when it has more than 500 common shareholders and $10 million in assets, as set by the Securities and Exchange Act of 1934. Congress passed this act so that private companies that reach the size of public companies and acquire a certain mass of outside ownership have the same reporting obligations as public companies.”

https://www.dummies.com/business/accounting/what-kind-of-financial-statements-do-private-companies-have-to-file/

The fact that the total number of shares out hasn't been revealed is another red flag IMO.

Well I tend to agree not likely much we can do. But I do believe there was a failure to provide material information to the shareholders. Pretty sure if we knew of the waterfall percentages, 98% of us would not have taken the risk.

I do not see Carter relisting this ever. Why would he, he just skims right off the top. The only reason to go public in the first place was to monetize the patents. And you can bet somebody sucked millions out.

Now it appears Billy was going to settle at a cost much lower than what could be won through a trial just to pay the 5 Million due on 27 Oct. Which if not paid, you can bet Deirde will declare default on the loan. Will CV19 save us on this default, I do not know, but maybe.

I am 99.9% sure Deirde and Billy will come to some agreement that takes care of Deirde and Billy.

Without the shareholders being represented during this action, you can bet our position will not improve but only get worse. However, I agree, that our representation is cost prohibitive and Deirde and Billy already know that.

Bottom Line: I doubt we see anything from this, but if we do, will be years down the road.

Schedule 1.3 of the Chanbond sale agreement lists 6 Contracts as part of the sales agreement that apparently continued some very material information. I cannot find these documents. Did the inventors not have access to the documents?

I agree, but do we have any recourse?

I agree with your comments to fund a lawyer’s opinion on our potential actions if enough funds can be raised.

I also agree the inventors are getting a very raw deal!

Suggest if someone has a zoom account, set up a daily conference call and see if we can form a cohesive group to deal with this issue. Any volunteers? If it turns out to be a waste of time, just don't schedule any more calls.

Zoom account pricing plan:

Personal Meeting
Free
• Host up to 100 participants
• 40-minute maximum group meetings
• Unlimited 1:1 Meetings
*Free, forever. No credit cards required.

Bottom Line: This issue, I believe, is time sensitive and we should act quickly and efficiently.

Just some comments from reviews this am.

There are a number of entities involved here:
1. Unifiedonline - UOIP
2.Unifiedonline! LLC – likely owner of 900,000,000+ shares of UOIP
3.UO! IP of NC, LLC – maybe getting 20% cut of legal win
4.Chanbond – Its up in the air right now

All Four above are controlled by Billy Carter.

In addition, there are:

Bentham - Financing
Mishcon - Attorney
IPNav – IP
CBV - Inventors
Deirde Leane – Manger of IPNav
Shareholders – worst case, Bag holders, best case less than 9.8% of win

Is this a reasonable summary?

We need to find out if there is a means to engage an Attorney via contingency from a group of share holders or must it be a majority of shareholders. In which case, Billy likely holds the majority.

Good question, lawyers should be financing if on Continency.

I concur with your numbers. We get nothing until win goes over about 65 million, then about .007 per share for each addition 100 million.

But if Ms. Leane wins, for each million shares, we get zero! And since the note of 5 mil is due soon, she might hold some strong cards.

Bottom line: Mr. Carter now has two lawsuits. If he loses either one, shareholders get zero.