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Just read the Motion and this is real solid news. They basically know the patent they are relying on is antiquated tech and has no relation to the patents in question. Settlement is imminent IMHO. Then in the words of the great Jay-Z, it's "On to the Next One."
Someone definitely has been hiding bids. Wouldn't show me at 12 or 13 today. Thinking we are getting close to lift off.
Just heard a Livewatch commercial on the radio. Look forward to hearing the new commercials referring to their new Eyetalk technology. ;)
Lot's (sic) of people are going to make plenty of money on the second leg up. LMAO, back to KG you go!
I've read nearly all the filings and these are not fake court cases, which is part of the reason I'm still here.
You can go to pacer.gov and register for an account. You get 300 pages free per quarter I believe and can view court docs from all over the US court system. Account is easy and simple to setup.
I"m not following you, either, my apologies.
Are you saying attorney fees are subtracted from the revenue and then dispersed 60/40? If so, that might be the case if this was a class action for a product liability claim or some other tort that resulted in a lump sum judgment, but this is likely revenue in perpetuity (be great if there was also a lump sum, but I'm not privy to that information). My point was that any legal fees incurred would be on the books of Eyetalk, not REVO.
I assume your question regarding revenue is rhetorical.
I agree, the cost of litigation is extraordinary, but if the patent truly is valuable, Eyetalk will likely continue to spend the money.
I believe the reason they only filed against a few of these security companies is that they wanted to test the waters before they go after the REALLY big guys like ADT, Vivint and LifeShield. It's all a risk at the end of the day since the patent is being put to the test via litigation. It certainly is interesting though, part of the reason I'm going to stick around. Can't say I've seen a pink sheet litigate a patent it owns and actually "win." Half the time the patents are either for non-revenue generating products or complete garbage.
What's great about these lawsuits is that REVO isn't actually paying for the lawyers. Eyetalk, based on the license agreement, shoulders all responsibility for the legal fees incurred in defense of the patents.
Risk vs. Reward is greatly skewed in favor of REVO.
Yup, deeper pockets and bigger revs. Was in corporate law for nearly ten years and the company I worked for was bought out twice and each time the parent company assumed all liability for the lawsuits that we were fighting. If we get favorable settlements from the other two companies, lookout, this thing is going to go bananas.
After looking at the patent they are using as a defense I'm liking our chances. I mean the patent they are relying on is from 1969!
Revenue should be in perpetuity from what my patent attorney buddy has told me. More good news...
closed circuit
An electric circuit through which current can flow in an uninterrupted path. Compare open circuit.
A television system in which the signal is usually sent by cable to a limited number of receivers.
Not an engineer, but not sure how this would apply to the digital technology that is used in our tech. Seems like defense counsel for other cases is grasping at straws.
FYI - voluntary dismissal with prejudice means Alarm Force agreed to terms of settlement and can't relitigate the original claims.
Funny how you try to make that headline seem like a bad thing.
Yup, settlement had been finalized! This is great news!
CPI and Livewatch file motions to dismiss based on US Patent #3,480,727
Patented Nov. 25, 1969 Closed Circuit Television Protection System.
Seems to me they are referencing antiquated technology, but I'm no tech expert.
Great news from filings yesterday (this is taken verbatim from the filing):
STIPULATED NOTICE OF DISMISSAL WITH PREJUDICE
Pursuant to Rule 41(a)(1)(ii) of the Federal Rules of Civil Procedure, it is hereby stipulated
and agreed by and between the parties as follows:
(1) Plaintiff Eyetalk365 LLC’s claims and causes of action are voluntarily dismissed WITH
prejudice subject to the settlement agreement between the parties;
(2) Defendants’ AlarmForce NC, Inc. and AlarmForce LP (collectively “AlarmForce”)
claims and causes of action are voluntarily dismissed WITH prejudice subject to the settlement
agreement between the parties.
(3) Each Party is to bear its own expenses, attorney’s fees, and costs.
I agree. Real distribution trumps "developing" ideas any day of the week. Whoever sold those 7s to me yesterday, thanks!
*post
How can you "own" a drink that hasn't actually been developed yet, as clearly stated in the PR of the ticker that has nothing to do with WDRP?
Not sure about the relevance of your lost.
Legal Facts about this case:
Fact - there were no preliminary hearings as discovery wasn't scheduled to be completed until June 30th with a trial date of November 2nd.
Fact - no witnesses have testified
Fact - the court has ruled on a motion by Plaintiffs attorney, Mr. Gary Sorden, indicating it is awaiting the final settlement agreement
Fact - silence by the company is dictated by the fact there are still lawsuits pending. No attorney would advise the client to make those terms public as it would compromise leverage they may have in negotiating other settlements
I'd believe you were attempting to be a realist if your comments were consistently based on facts.
Couldn't agree more.
They did not "win" the case, it was settled by the two parties and that is a very important distinction. Defendants that "settle" a case do not admit guilt or any wrongdoing (infringing on a patent in this case). Instead, the parties come to an agreement that is mutually beneficial to both parties. Because the case was not litigated "on the merits" and heard by a jury or judge, no precedent has been set with regard to the validity of the patents.
Look, I'm not trying to cause waves here, I merely stating what I know based on my own knowledge and education. With that said, I DO think the settlement with Alarm Force is a step in the right direction, but it is by no means the end all be all. Trust me, I know lawyers, and after reading the Motion to Dismiss filed by Margaret Thies and the SCOTUS case she cited, it's unfortunately not going to be a slam dunk. I am, however, hoping for the best.
Fun fact - the cost to Apple for patent attorneys in their dispute with Samsung was $1200 an hour. Not saying the attorneys on this case cost that much, but it can get real expensive. The good news about that is Eyetalk is incurring those legal expenses from what I can tell.
It's a cost benefit analysis. It's why many large companies settle even what seems to be a frivolous lawsuit to the layperson. Read the law journal article and then tell me what you think. I'm not trying to create controversy, I want to see this price move north so that would be counterintuitive.
Unfortunately, with regard to patent infringement cases, precedent doesn't guarantee a favorable decision on litigation. That is the reason so many of the cases settle - the patent holder would rather negotiate a settlement and retain the patent's "validity" then risk losing everything.
Solid law review article on the subject matter that I was directed to by a patent attorney friend of mine, FWIW.
insert-text-here
Interestingly enough, the motion to dimiss cites a recent SCOTUS decision, Alice Corp. Pty. Ltd. v. CLS Bank Int’l, 134 S. Ct. 2347 (2014), which does seem to read in favor of the defendants based on the concept of patenting abstract ideas via the combination of generic computer functions. Regardless, I'm waiting to see how things progress. I got in at .0045 for a couple hundred thousand. Nothing crazy, but I do like the story behind the technology.
3:14-cv-00524 Alarmforce LP
Filed 09/22/2014
3:14-cv-00524 Alarmforce NC Incorporated
Filed 09/22/2014 Settled
3:14-cv-00525 Protect America Incorporated
Filed 09/22/2014 Voluntary Dismissal without prejudice (means company can file again)
3:14-cv-00526 CPI Security Systems Incorporated
Filed 09/22/2014 Docket updated April 14th (motion by defendants for lack of patentable subject matter)
3:14-cv-00527 Live Watch Security LLC
Filed 09/22/2014 Docket updated April 14th (motion by defendants for lack of patentable subject matter)
Just and FYI, anyone can look up these lawsuits on Pacer, but to view docket entries you do need an account.
We want to continue seeing these patent infringement cases settled and NOT litigated as merely one lost infringement case renders the patent invalid. The lawyers for REVO will most definitely be pushing for additional settlements and it's a good sign that Alarm Force agreed to settle in just six months since the initial filing (average case, including trial, is around two years). For what it is worth, between 85-90% of these cases are settled.
DRNK, low float, chart play
Anyone know how many additional shares need to be converted?
This is getting ridiculous. Anyone showing CANT on the bid yet selling under the bid?
That bs right at 2:59 for 20k so the hourly candle would go red pisses me off. These guys are trying anything and everything.
Get past pivot at 53 and it's on!!
Haha, I just sold you 250k at .002, thanks for buying them!
Are you talking to yourself? Lol, good stuff.
13.9 mill on fidelity. Just picked up another 250k.
Yeah, I removed it and back to 44! Pieces of work I tell ya.
Yeah, I'm not sure why they aren't showing it and now MBAY just jumped me. These guys are starting to seriously piss me off! They'll walk it up now, I'm sure.
Anyone else have a bid in? I've got one in now for 250000 at .0046, still not filling.
Yeah, I sold MDCN at 0064 like an idiot. Hate when that happens, but profit is profit.
And I'm not sure I agree it was a "dump" as I was watching L2 all day the last two trading days to see how MMs were acting. If they would have filled my bids in the 20-24 range I would agree but they didn't for some reason. Why not fill bids of over 1 million shares if hey had a bunch to drop? But who knows, looking forward to see what this week brings. Have a good rest of the weekend.
Glad I'm not the only to notice that. Well said!
Yeah, whether they are bashing to get cheaper shares or because of a short position, I don't know nor will I speculate. What I do know is these kind of players bring in their groups to load as much as possible and then alert it to their sheep. There's absolutely been some dilution, it's pretty obvious, but as others have stated, compared to most bloated OTC pigs this is nothin. Be great to see them work on a new MJ inspired drink. Seems to be the hot thing right now. ;) Best of luck to you!