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You can rely on his sympathy after kissing his feet. Others have a plan to make sure a crook doesn’t get away with the bags.
Only in the case that our lawyer team does nothing to help us. I presume they will be able to get rid of the UO!P agreement that was between Carter and himself after we got delisted with no news to shareholders. Also the Bentham shenanigans should hopefully be addressed as they gave up a couple million dollars to Carter and Deidre for a 25% cut of the settlement/damage verdict. With that being said we could end up seeing 28-35% of the total settlement amount. Also specialneeds mentioned that the lawyer fees would probably end up being closer to 20% so that being said there is some upside.
So yes we could be looking at 25-35% of total settlement value going to UOIP
When I say $1 billion I mean total global settlement. This is all highly speculative as there is no way of knowing what the actual settlement was. The next discussion would be what is left for shareholders…
25% lawyer fees
25% for Bentham (net of lawyer fees)
22.5% for UO!P (net of lawyer fees and Bentham, hopefully our lawyers do away with this)
50% of remained to CBV
50% of remainder to UOIP
If the UO!P share gets cut out and the Bentham fees get chopped down in some way then there is huge volatility. However as it stands that would leave roughly $200-225 million for UOIP shareholders if there was a $1 billion settlement value. If the share structure was maxed out to 1.6 billion as discussed previously then that would equal to .13-.14 PPS.
Obviously if things are favorable there is a lot more upside but as I see it .10 is the bare minimum we should expect here. We will see as there are many forces at play.
It’s a tough number to comprehend. Especially a number acquainted with a stock that once traded on the penny market at only a couple million dollars in market cap. But facts are facts and that’s what was analyzed in court and ultimately took this to settlement. There are many complexities including a man at the top making the final decision that put himself in a sticky situation. So tough to set a parameter but the tech is worthy of many billions of dollars.
I understand as these numbers are very rare in the grand scheme of things. However, valuation is measured by experts who are relied on in court. The cable companies profited billions and billions of dollars with much help from this tech over the years of its use. To just think because billions is a high number does not mean one should temper expectations dramatically. A 1.5-2 billion valuation was already heavily discounted. But it is better not to speculate as there is no way of knowing what number they settled on. While I think it’s most likely the number is somewhere around $1 billion, I’m preparing for the worst case scenario.
Sounds like your top end is $500 million. That’s pretty conservative, hope it’s much higher as the valuation given per box and amount of boxes out there for 9-10 years of infringement warrants at least 4x that $500 million number.
Appreciate that long.
For anyone thinking this man is in someway a great guy, I challenge you to think in this way:
The inventors to date have not received a dollar for their tech. Meanwhile they brought their tech to Deidre who got Carter involved and before there was $1 brought in from the litigation , Carter and Deidre set themselves up to make the largest gains in a big way from this case. Not to mention they’ve profited already from the Bentham loans by giving away a piece of the house to Bentham. Whether or not they let the inventors in on those loans or not we do not know, however that should give a clear cut image of who we are dealing with.
As I’ve said they can both save face tremendously by doing the right thing and making sure that shareholders are treated fairly. Otherwise draw it out longer for everyone in court and face charges. Up to them.
He weighed the risk of OTC shareholders banding together to put together enough funds to take legal action. Clearly he miscalculated the support our team has. It was a lot of money to get a lawyer on this and he knew it would be. He assumed we would take what he gave us or write it off altogether and go away. This is what happens in most cases on the OTC. I believe this is clear as after he realized we were serious about getting legal representation is when he decided to make his first contact in a very long time with shareholders to let us know that we should be calm as he will give us fair treatment. The actions he has taken behind our backs and behind the scenes after this got delisted show clear intent of mistreatment. He didn’t have any intent to make that right until he realized there was a lawyer getting involved against him. He still not be willing to make it right and try to put up a fight but we will see soon I presume.
I personally am very very surprised this got settled globally. I thought for sure we would be back in court shortly with an appeal to follow. This is a huge milestone we have all been waiting for. Now we find out if Carter wants to play dirty snd face charges or play nice and still come out a very wealthy man while taking on the title as the poor mans hero. The robinhood of the 21st century so to speak.
Should be a very satisfying moment for those who watched their hard earned money go into delisting with UOIP. Most of us never had doubts that this would be the end result. This is unprecedented for OTC shareholders to be involved in something with this much potential.
Though we don’t know the final settlement amount yet - we do know this tech was influential to the huge profits that the 13 have acquired over the last 10-15 years. There are valuation experts brought to the table for a reason. And the amount per unit we calculated came out to something in the ballpark of .40/box. Clearly taken to settlement we could see anything between 20-50% discount on that number. I think 30% would be an ideal number to carry for discount. With that being said there should be no reason this got settled for anything less than a final number of $1 billion with large upside in favorable scenarios.
Now the questions to be answered (the fight never stops it seems for us UOIPers):
1. Final % to be paid to lawyers.
2. Final percentage to be paid to Bentham (are UOIP shareholders and CBV (inventors) on the hook for what looks like funding of lifestyle for Carter and friends).
3. What will happen with the UO!P share (seems there is no way this should stick around in, if measured legally, in the final disbursement of funds).
These are all questions that our lawyers should be able to help us determine. In the end we could get a lot less than many are projecting, however there is high upside in favorable conditions - I would throw my dart towards somewhere in the middle of those parameters.
As always, it’s good luck to us all. And well done to those who carried their positions, large and small, into delisting as most of us knew it was imminent. I left a very large sum of money in UOIP myself at a very young age where that money could have been used in many other ways to change my position in life, I took a calculated risk and hopefully it pays off, I hope the same happens for everyone else here.
Many of us would be millionaires if this were still trading. I’m fairly certain that Monday UOIP would be trading closer to $1 than $.50… sucks that we lost that opportunity because someone at the top had different plans in mind.
“Hope we see a little out of this”… yikes lol
Do one for glowy please!
I always figured it would be you or khenry to be the first to post the final settlement/verdict to the board. Seems you won that one brother.
Think about it - how many OTC tickers have claimed an action was taken - and it never occurred? As I said it's all talk until the the disbursements occur.
PTS for the record I 100% agree that if the LAHO disbursement occurs then this is a great buy. It all but guarantees us that the GSCG deal with take place as they would have never have given away $8.2 million to pay back LAHO shareholders unless there was a reason (gaining back trust in the market and showing that they wanted to make things right).
Even though the same exact management diluted billions upon billions of shares and walked away with the safe after the SEC suspended the ticker for it's endless dilution with little to no verification of a real RM occurring? Highly doubt their integrity will win over large whales which are needed to really get the PPS moving. We will see, but hopefully they do the right thing and make LAHO shareholders whole which would benefit them in a huge way for a small cost.
I agree 100%. The fact they made this move (great timing, right before the merger is supposed to go through with MSSV) puts a microscope on their actions at this point. If they do not get funds out this month as they claimed they would to make LAHO shareholders whole - they have lost any credibility they had left as this is the first step to regaining the market's trust. If the funds do get sent out this month as they said then the share price here will likely trend up in a big way as it will be an unprecedented move. Until it happens, it is all talk. Seems they sent out the notification and then instructions on multiple options to get the funds dispersed but haven't said a word since and we are getting close to mid-July.
Personally, I am thankful for the team we have working on this endeavor. They have put a lot of time and substantial amounts of capital up to protect shareholder's interests here. That being said, I'm also glad that they are holding a lot of the information from the shareholder group base as wide open mouths could hurt us in many instances especially on this board as we know that Carter and his court are watching - and also have serious thoughts that Carter or someone on his team have tried to gain entry into the FB group to get more information. Certain information could give him the tip-off as to what he can do to skirt our interests.
It’s pretty comical watching the trading action on this ticker. There are some real clowns holding shares here still. Hovering around .11 all day and then just a decision to dump at market limit lol. Hopefully this isn’t their day job.
I guess that makes a whole lot of sense considering shareholders acquired legal representation to make sure they weren’t rolled over by Carter.
That it is. Nice to see you finally found the gem.
Highly doubt we would see much more than another 9-10 months if it were to go back to trial and get appealed. But regardless we will see what happens shortly.
I’m still of the strong belief you will get your wish.
So you only predict a 20ish % drop from here? Seems pretty conservative given the end of world scenarios presented lately. Smells like a someone is flipping burgers here.
Your wrong. As long as the ticker is DRS eligible then there is no fee to move it electronically. Not sure if your confused or hoping someone might be worried they have to pay $1k to print out certain. Lol!
Why is everyone claiming the printed certificates will be a problem. Try reading the second option (option B under number 1) to see the alternative.
Definitely a good move. And I have no doubts there have been offers on the table. However by the looks of the 8Ks for the 13 it seems they are not in the game of exposing any minimum level loss to be had.
I’m still expecting this back in court due to their actions thus far. Will be pleasantly surprised with any settlement however.
While I see the reason for optimism that this will be settled by 7/9. I still have huge doubt due to the posturing by the 13. Did they not make another failed attempt to get this case thrown out on technicals AFTER they requested a stay for negotiation in good faith? Seems there was not much good faith in that action. I guess we will see who is right shortly but I just have a real hard time believing they have come to terms when the first action after the request for a stay on the case was another attempt to get the case thrown out. They got their wish in delaying another month with this and get a new jury… the downside is pissing off the judge with the strategic move.
I would be willing to bet a substantial amount of my UOIP shares vs someone else’s 1:1 that this will not be settled by 7/9 and will be back at trial.
Same here. But this is the OTC expect games and be happily surprised if it’s real. I do agree if they make this unprecedented move then there will be a huge run for MSSV as that will show managements unwavering credibility.
It's quite cringing to hear the same things brought up over and over again and answered (with no response or rebuttal to the answer). I guess there is a reason for everything, however hard it might seem to understand at times.
Everyday there are more shares available at lower levels. Doesn't matter if at end of day everyday the asks get taken down and then it gets painted up to almost even or so. That is the point.
Unlimited unloading here. Unreal
It’s clear MM action here until substantial news drops. That’s why we continue to see minimal shares sold into the bud and then immediately 10k bids coming in over the prior minimal share size sell. Clear indication they want to move shares back and forth hoping someone will sell to them. Easy money rinse and repeat over and over again.
If they go through with this, it was done only for their standing with the investing public. Clearly they need this to go away in order for the RM to go well with MSSV. We will see what happens but right now it's all words.
Still have sellers knocking out the bids when they pop up here. Wonder how long this could last. Amazing so many people own shares that don’t understand what exactly they bought as can be realized selling this thing when the market cap is so underwhelming.
Same here, and these clowns that are arguing for receiving shares in the new ticker to take on GSCG don't have a clue. Management literally made the decision to make MOST shareholders here whole with cash instead of waiting on preferred shares to convert in a volatile ticker. It seems there is no way to make people happy regardless of what you do as management. They made the best decision for shareholders - IF they ACTUALLY do as promised. I commend management here for their morality in a corrupt ecosystem where they likely would not have faced and repercussions had they done nothing at all.
Yeah this is typical here. The back and forth seesaw will continue as the price fluctuates. That’s what happens when there are many flippers on a stock and pumping and dumping as the price goes up and down. Easy to see what is in the pipeline here.
The guy who designed everything to favor himself would really hope this was true, unfortunately for him it is not LOL!
Exactly. As one said here - this reeks of share printing scheme. As positive as I was here at one point it is really beginning to seem like a classic stinky pink POS. If they continue giving away shares without any updates to what is developing in their world then I will sell as well. And judging from the action here lately my sell will cause this thing to plummet another 10-30% in a day. It’s really getting old and tiring to watch this thing drop daily whether it’s 2% or 10%. All because they refuse to let the public know what is happening. Either that or it’s a scam and they did this to make a couple million bucks off some dilution and walk away. We will see.
Probably coincidence. Doubtful that it would effect our case in anyway. I strongly believe we see them bring this back to trial. Specialneeds is an expert compared to me in this circumstance but it’s just the way I see it going with how the 13 have handled this thing so far.