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Wow.. never saw this one comming...
https://www.centralcharts.com/en/29289-united-american-corp/news/1170044-internet-pcs-inc-bvi-and-unitedcorp-announce-the-launch-of-a-new-blockchain-cryptographic-token-called-the-giga
Oh wait... yes I did... 2 weeks ago...
Wow.. never saw this one comming...
https://www.centralcharts.com/en/29289-united-american-corp/news/1170044-internet-pcs-inc-bvi-and-unitedcorp-announce-the-launch-of-a-new-blockchain-cryptographic-token-called-the-giga
Oh wait... yes I did... 2 weeks ago...
And just for fun,
https://demo.kallyas.net/cargo/
Its a web demo page, look at the layout etc.. Look Familiar?.. this is what they are designing the site against
So ignore my comment on Global Coverage, its just part of the formatted template.. the bit thats real is the blockchain on the front page.
Good times....
Pretty sure now this is a new site in Development, the countdown etc mean nothing, next year a much more sensible bet. Look under the Global coverage tab (wow wow wow), but also under some others like FAQ , News etc.. placeholder images and text in a lot of places.. no way is this 9 days from launch.
But it is a clear indication of direction, and we can visit the site to see how its getting along.. if we lose access, its nice to know management are following us here on InvestorsHub
Found something, and if its what i think it is, its huge...
http://devdenis.teliphone.com
Related to funding the iPCS part, selling blockchain based currency. This will generate 30-40 million with another 50 million in the near future.. i assume this will be a PR very soon... check it out
If this is right we are $1+ by year end
As its a Devdenis page, it may be something been developed, so the countdown may or may not be real, dont read too much into it, but its FRICKEN AWESOME
It’s the CRTC judgement that’s important. TelUS, Shaw and Rogers can say what they like, but even they must submit to the CRTC rulings.
The shift key is on the lower left of the keyboard. Tricky I know, but give it a shot....
As far as I can tell, the bankruptcy thing is all but done, still arguing over assets. I get the feeling it’s important we win, but not sure if it’s the physical networking hardware or the customer lists that’s the main thing.
The CRTC thing isn’t major , the 259 is on final submissions with a drop dead date of 31st March 2018, but it should be sooner. In general I think the big 3 will lose, so our separate case becomes mute. If the big 3 win, then ours is up next, but that would mean no real activity for some time.
As for money / funding, I don’t really know, with no filing, there is no way to tell. But they seem to be OK. I know the main guys are millionaires in their own right, but I don’t know what the company holds.
What I would like to see is a quick agreement with Facebook, and the Filings etc done. We can then get off the Pinks and start trading at proper value. agreement / legal with SNAP, I don’t really care, as long as FB is fronting the costs via licensing.
I would also like to see IFramed get off the ground with reported users. I suspect the money required for that isn’t available without the agreements, so until then, we are just hanging about waiting on PRs
Had a thought, sort of half posted it on the SNAP board, but thought its worth mentioning. I have no proof / evidence beyond what i have already posted.
When Investel launched the patent legal dispute against Snap, and later UnitedCorp, the PRs where all pointing to a licence agreement. Which to me made complete sence. Lets face it... we need the money
After been granted the US patent (huge news) we did the cease and decist on Facebook.. not legal, a sort of shot across the bow.
If you read that article, there is a subtle change in the story. We now want to licence with Facebook, but prevent Snapchat for using the technology at all. Which would be an end of company event for them.
Unitedcorp v Snap in a legal distute where they have 20 billion and we are worth 5 million is only ever going to go one way.. We are deluding ourselves if we think otherwise... unless something else has prompted this change.
I think we will make a deal with facebook where a ton of cash is given to UnitedCorp, but part of the deal is we tie Snap up in a legal dispute (essentially funded by facebook) a sort of proxy war..
For Facebook, its a small amount of money to take out a rival, without puting their name next to it.
If im right, expect a PR announcing a license deal with Facebook in the near future.
Information on your legal dispute over your Geofilters which account for over 90% of ad revenue. Pay close attention to the difference in how they are treating Snap and Facebook. It would not surprise me if Facebook funded this as a way to remove Snap from the competition.
https://www.biv.com/article/2017/11/small-vancouver-company-goes-after-social-media-gi/
http://www.crtc.gc.ca/eng/archive/2017/lt171023.htm
Mxed bag on this one. Effectively the iPCS part cant get off the ground, until the main 256 case is concluded. Well worth a read as it shows the conflict between the new incumbants (thats us), and the esstablished players that hold a near monopoly TELUS , BELL and Shaw (the big 3)
Everytime they stick together, while everyone else disagrees.
Interesting times....
And top of page 56 - still under risks
We are currently, and expect to be in the future, party to patent lawsuits and other intellectual property claims that are expensive and time-consuming. If resolved adversely, lawsuits and claims could seriously harm ou r business.
Replying an earlier post on the risks mentioned in SNAPs filings. Read the old one and also this... see how its changed. If your interested, this was grabbed from the top of page 53 of the new filing. There is a whole section that just shouts United Corp, without actually mentioning us... this to me is a strong indication that they would prefer dealing with us directly than risking the courts.
Anyway here is the NEW text
If we are unable to protect our intellectual property, the value of o ur brand and other intangible assets may be diminished, and our business may be seriously harmed. If we need to license or acquire new intellectual property, we may incur substantial costs.
They forgot the golden rule
Tell em what you are going to tell them
Tell them
Tell them what you just told them
You should never surprise in the negative. They should have been giving guidance well before.
Under promise, over deliver.
It will probably recover a bit tomorrow. But a new downward trend begins. We need to get the patent thing with them settled quickly. Soon there will be nothing left ??
I doubt they are worried about us, even if they settle, its tiny in comparrison to there share price / market cap.
Whats more worring is a company thats got a 20 billion MC, bleeding money, and insiders now allowed to sell shares. My only surprise is that this wasnt under $5 weeks ago.
This was in Snaps sec filing under risks (Ad Revenue), nice to know they are thinking of us.....
adverse legal developments relating to advertising, including changes mandated by legislation, regulation, or litigation;
Probably Catalonia and potential impacts in Europe. Nothing major, market will swallow it, even if it escalates.
Found this in relation to the legal case. Good evidence it’s just about complete. Don’t be confused by the TNW mention, it’s not the same as TNW networks or TNW wireless. (I think it’s TNW datacenters, but the setup is so confusing I’m not 100%)
It is good news to be rid of this distraction, just hoping we got back the assets we were after. Legal case notes should be available in a few days.
Anyway, take a look...
https://mobilesyrup.com/2017/10/11/distributel-acquires-selected-assets-tnw/
I really do not understand your motive / interest.
Again, UAMA does not have any interest in the alleged IP. You also have to understand that no patents have issued in any jurisdiction. The filings are public and I encourage you to peruse the administrative documents to your hearts content.
Uama I assure you had immense interest in the IP. They are pretty much betting the company on it. Patent issued in Canada, and effectively now agreed (bar payments / admin) in the US. The ruling was a Massive win for UAMA. With a Canadian patent, Snap could ignore / ride. Even worse case was trivial. That has now changed. Read patent process ( I did ), Snap did everything to stop the US ruling and failed.
Now it’s time to talk and save their own company.
Snap / Uama article.
https://investorplace.com/2017/10/snap-inc-snapchat-stock-lawsuit/
Interesting article on snap / uama . patent news site
https://investorplace.com/2017/10/snap-inc-snapchat-stock-lawsuit/
Your management response, I don’t agree with their comments, and neither does the YS patent office. I guess there isn’t much else they can say.
https://www.google.co.uk/amp/variety.com/2017/digital/news/snapchat-geofilters-legal-cease-and-desist-unitedcorp-1202581616/amp/
Found his for balance, at least they finally noticed us...
https://www.google.co.uk/amp/variety.com/2017/digital/news/snapchat-geofilters-legal-cease-and-desist-unitedcorp-1202581616/amp/
Cool interview with Trevor on snap patent issue
https://www.biv.com/article/2017/10/vancouver-tech-company-receives-big-win-patent-law/
Beginning today UnitedCorp began issuing cease and desist notices to Snap corporate clients which use SnapChat Geofilters. Many major corporations such as The Walt Disney Company, Taco Bell and Starbucks use the Geofilters as a part of their promotional campaigns. While these companies may until now have been unaware of the situation, under US Law, (35 U.S.C. Section 271 (a) (b) and (c)) any entity which makes use of a patented invention even by a 3rd party , without authority can be held liable as "induced infringer" since they ultimately contribute directly to the infringement.
"We believe to date Snap's clients have been using SnapChat Geofilters in good faith," stated Benoit Laliberte, UnitedCorp's President, "However they now need to know that by doing this they are potentially in violation of US patent law. All these companies have their own portfolios of intellectual property and I am sure they take their rights quite seriously. We hope that they will respect our rights as well. Nevertheless UnitedCorp will pursue all legal remedies available in order to protect its IP if needed."
Snap management need to start talking to get this resolved. Going to your corporate clients isnt good for your image. This wll cause reputational damage.
Nope, just over 100 million shares total (112 mil from memory) so 50 mil would be just under 0.50 a share.
Uama had over 50 million shares
25 million for iframed
25 million for tnw wireless
3 million for tnw networks (the one in the legal dispute)
That’s not a bad suggestion, not the whole of United American, just iFramed. Snap could probably use it. I doubt they would take less than 100 million, so much cheaper to settle
This is the link to the Mobil patent they purchased, no idea why this dosnt cover then, or how the United American / iFramed Patent differs, but the US Patent Office ruled against SNap.
https://www.engadget.com/2017/04/21/snap-buys-geofilters-patent/
They did purchase something, and it even predated the patent in question. I assume it does not cover the dispute, or this would not be happening.
Hi,
There is an ongoing dispute between Snap and United American which owns iFramed. United american feels its patent has been infringed that allows GeoFilters which overlay images. Essentially the way both Snap and iFramed both generate their ad revenue.
United American took Snap to court quite some time back and won the ruling, but it pretty much just amounted to was a case to answer, and proceedings could continue. Snap then instigatied legal delaying tactics hoping it would either just go away, or United American would not be able to afford the proceedings (its a smallish company).
Since then a few things have happened.
1) united american patent portfolio independantly valued at over $1.4 billion
2) today, the US patent office has looked at both parties claims and come down in favour of United American
The Order has a legal basis, so Snap must effectively turn off its ads in the US immediately, or be in breach.
In reality, I doubt they will, the loss in revenue would be higher than any fine handed down, but Snap must start talking with United American. This is not a Patent Troll company. They hold about a dozen patents all linked with their business.
You either pay for the right to use the technology, or you switch it off.
Cease and Desist Order. An official order handed down by a government agency or court directing a person or entity to stop doing something immediately is called a “cease and desist order.” Such an order effectively places an injunction on the person or entity that prohibits the named activity as suspicious or illegal.
So as this is a legal request, if Snapchat does not comply they could be in contempt of court.
They are in trouble,
PR. https://www.centralcharts.com/en/29289-united-american-corp/news/1004312-unitedcorp-announces-issuance-of-a-notice-of-allowance-from-the-u-s-patent-and-trademark-office-for-its-geolocation-based-image-overlay-technology-patent-application-and-further-announces-that-it-has-issued-a-cease-and-desist-notice-to-snap-inc-for-its-use-of-geofilters-in-the-united-states
If I read this right, the US patent office has looked at both the iFramed patent and Snaps usage, and has found in our favor, hence the cease and disist order.
This could be significant.
One of the issues is that multiple companies with very similar names and the same group owning them
This company United American Corp AKA Teliphone not to be confused with Teliphone (tlph) . uama has TNW Wireless, but also has TNW Networks, TNW Networks is the one involved in the legal case which is mainly against TNW Datacenters. aghhhhh.
The case s nearly settled with the buyer Distibutel, but I thnk that had issues so they now have a new buyer, the CEO of Distributel and the new buyer is the same bloke ???. Still arguing over asseset which include customer lists and a few routers and domain names... i think the main asset is the right to use the Wireless Spectrum ( i think owned by TNW Wireless, but may be TNW Networks... as ifter they just say TNW (unless thats a 3rd entity).
It does your head.. Clever lawyers you say.... I agree. Smarter than me...
Im interested, you create your account 2 days after the iFramed / TNW Wireless PR and post 6 times
Why?. If you are not an investor, what interest do you have?
Work for TELUS or Bell Telecom by any chance?
Just to be clear on the timeline. Pulled this from one of the formal letters fron the CRTC.
The Commission notes that, in Order in Council P.C. 2017-0557 (the Order), the Governor in Council directed it to complete its reconsideration of Telecom Decision 2017-56 by no later than 31 March 2018. In the Commission’s view, in order for it to meet this deadline, it is necessary for the proceeding to move forward in an expeditious manner.
31st March looks like the final decission date.
The whole case is basicly framed as a reconsideration on a previous ruling that was found against Sugar Mobile. This previous decission was extreamly anti competative as it efffectly shuts out smaller players from the Canadian telecoms market. The big 3 players hold between 94 -98 % between them depending whos stats you read. Either way it needs to be fixed.
Reading through the submissions, I cant see the CRTC making the same bad call they did last time. i am VERY hopefull.