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Samsung mentioned right away by Merritt- they've had a relationship
with IDCC for 27 years!
<<AMHO>>
orientbull, it's not just your humble opinion, it's a fact.
I find this to be very good news because if they didn't renew,
the stock could tank:
<<Samsung Patent License Agreement
As previously disclosed, in second quarter 2014, we entered into a patent license agreement with Samsung. That agreement provided Samsung the right to terminate certain rights and obligations under the license for the period after 2017 but had the potential to provide a license to Samsung for a total of ten years, including 2013. Samsung did not elect to terminate such rights and obligations, and the period for such election has expired. Accordingly, the term of our patent license agreement with Samsung ends on December 31, 2022.>>
PS:
Thanks for knowing where to go right away - to the important stuff.
Thanks - but it's like whack a mole.
They report that they paid off one but they
still have a lot more to go. Power Up Lening
is at the top, but what about the others?
How about the TOXIC financing from Labrys's Fund
with a 50% discount?
These guys aren't just yanking your chain, they're trying
to suck you dry without the slightest ounce of compunction
as long as they're making money!
<<In January 2017, the Company entered into a convertible debenture with Power Up Lending Group, Ltd. with a principal balance of $153,500 due and payable on or before October 29, 2017. The note carries an original issue discount of $3,500 and accrues interest at a rate of twelve percent (12%) per annum and is convertible into the Company’s common stock at a 39% discount on the average of the lowest three trading prices during the ten trading days prior to conversion, after 180 days, in whole or in part at the option of the holder. The note also carries a prepayment penalty, adjusting every 30 days to a maximum of one hundred thirty percent (130%) of the then outstanding principal and interest balance due, if the note is paid back within the first one hundred eighty (180) days.
In February 2017, the Company entered into a convertible debenture with Lucas Hoppel, with a principal balance of $165,000 due and payable on October 2, 2017. The note carries an 8% one-time interest charge, a $15,000 original issue discount and a 35% conversion discount to the lowest trade price in the prior twenty-five trading days, after 180 days, in whole or in part at the option of the holder. In addition, the Company provided 150,000 inducement shares to secure the note, and may have to provide additional shares on the note’s 6 month anniversary if the Company’s share price declines. These inducement shares were valued at $27,000. The note can be repaid, without prepayment penalties, within the first 90 days. Thereafter, the note will incur a one hundred twenty percent (120%) prepayment penalty of the then outstanding principal and interest due.
In February 2017, the Company entered into a convertible debenture with Labry’s Fund LLP, with a principal balance of $140,000 due and payable on August 18, 2017. The note carries an original issue discount of $23,000 and accrues interest at a rate of twelve percent (12%) per annum and is convertible into the Company’s common stock at a 50% discount to the lowest trade price during the previous thirty trading days prior to the date of the note or prior to date of conversion, after 180 days, in whole or in part at the option of the holder. The note can be repaid, without prepayment penalties, within the first 180 days. In addition, the Company provided a warrant agreement to purchase up to 250,000 shares of common stock, with a term of 5 years and an exercise price of $0.35 per share of common stock. Using a Black-Scholes option pricing model, this agreement was valued at $33,265 and is being amortized over the life of the agreement.>>
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12064192
<<ALLM just paid off more convertibles 6 months early. We are cleaning this boy up!>>
happy gylmore, how can you possibly know that with no recent filings
stating that?
Shouldn't the upcoming 10-Q mention that.
Isn't it due in three weeks??
<<The market gaveth on Wednesday and tooketh back on Thursday.>>
Another way to look at it is that today InterDigital maintained 76%
of their gains from yesterday.
<<It is better to stretch the payments over the periods in which the sales occurred. >>
my3sons87, I guess that InterDigital will show both revenues - GAAP
and non-GAAP. GAAP being lump sum and the non-GAAP over time.
That should hopefully add more clarity to the revenue
reporting.
Never.
<<When do you estimate that this company will, if ever, turn a profit? >>
Never.
We already know that.
The problem is that with no money, there's no closing date:
<<Dated: July 7, 2017
Item 1.01 Entry into a Material Definitive Agreement
As previously reported, a wholly-owned subsidiary of the Alliance BioEnergy Plus, Inc. (the “Company”), Alliance Bio-Products, Inc. (“ABIOP”), was formed for the purpose of acquiring and operating a plant for the installation of the Company’s patented CTS process. In this regard, ABIOP had submitted an offer to the United States Department of Agriculture (“USDA”) and Arbor One Farm Credit to purchase the former INEOS Bio-Ethanol plant in Vero Beach, Florida (the “Plant”). By letter dated June 30, 2017, the USDA advised ABIOP that its $8,000,000 collateral purchase offer with respect to the Plant is acceptable and in the best interest of the government. The offer provided for the purchase of the fully functional Plant, 143+ acres the Plant resides on and all of the related equipment and vehicles.
ABIOP is in the process of finalizing the raising the funds to complete the purchase of the Plant together with the upgrading of the Plant for ABIOP’s and the Company’s purposes. The transaction is subject to the negotiation and execution of definitive purchase documents and closing of the required financing. A closing date for this transaction has not yet been set.>>
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12165676
jupiterbeach, I thought that they might be updating their
website to remove Troy Lorenz from the BOD, but evidently
not:
<<On May 3, 2017, the Company received the resignation of Troy Lorenz as a director of the Company with immediate effect. The reason for Mr. Lorenz’ resignation was to pursue other interests. The Board of Directors has accepted Mr. Lorenz’ resignation and does not intent to appoint a replacement or successor director in the immediate term.>>
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12052726
He's still on the website:
http://www.alliancebioe.com/board-of-directors/
Why do you think he left?
If the new plant is going to be so great, why are his "other
interests" more compelling?
Thanks in advance.
No money means no closing date.
As I said before, it's going to be very hard to raise
this money. But all the ALLMers could do was act
like Jr. High Schoolers and offer no intelligent
commentary on this board:
<<ABIOP is in the process of finalizing the raising the funds to complete the purchase of the Plant together with the upgrading of the Plant for ABIOP’s and the Company’s purposes. The transaction is subject to the negotiation and execution of definitive purchase documents and closing of the required financing. A closing date for this transaction has not yet been set.>>
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12165676
<<hope to see the payment from sub-licence this week paid and some news on plant would be nice>>
valeria123:
I am quite sure that the ALLMers will be saying this forever:
EPA Proposes Cut in Biofuel Requirements
http://oilprice.com/Latest-Energy-News/World-News/EPA-Proposes-Cut-in-Biofuel-Requirements.html
If ALLM were making any commercial scale biofuel (which they aren't and they never will), this would matter.
But, come to think of it, it's a moot point.
Last year ALLM said that they were "cleared" of toxic / death spiral
financing - check here. He also said that CTS would come to market
"very quickly."
Since early 2016, the toxic financing reemerged and CTS didn't come to market "very quickly", I'd say that De Liege of full of it!
<<Alliance BioEnergy Announced Today the Payment of Short Term Convertible Notes Clearing Toxic Debt From the Books of the Company
WEST PALM BEACH, Fla., Jan. 28, 2016 (GLOBE NEWSWIRE) -- Alliance
BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to inform its shareholder that it has paid short term convertible notes due: Union Capital, Iconic Holdings, Adar Bays, LG Capital and St George Investments in full. Details will be reflected in the upcoming year end 10K filing. The only remaining note is due February 15, 2016 and will be paid in full on time.
“With the recent success coming out of the labs and pilot plant, this really sets the company on the right path and puts us in a position to bring the CTS process to the market very quickly,” said Company CEO Daniel de Liege.
Today’s announcement further reinforces Management’s ability to recognize and follow through on its obligations to continue to drive the company in its forward direction. The company continues to make strides in its developments and plans to announce its progresses as they happen.>>
https://globenewswire.com/news-release/2016/01/28/805695/0/en/Alliance-BioEnergy-Announced-Today-the-Payment-of-Short-Term-Convertible-Notes-Clearing-Toxic-Debt-From-the-Books-of-the-Company.html
What is “death spiral financing?”
<<Simply put, death spiral financing is a last resort method of raising money, used by desperate companies. Most of these stocks never recover.>>
http://www.investorlearning.ca/question/en-ca/FAQQ20022009en-ca.html
Power Up Lending Group - More Toxic Financing - it's on page 13
at the bottom of the page:
<<In January 2017, the Company entered into a convertible debenture with Power Up Lending Group, Ltd. with a principal balance of $153,500 due and payable on or before October 29, 2017. The note carries an original issue discount of $3,500 and accrues interest at a rate of twelve percent (12%) per annum and is convertible into the Company’s common stock at a 39% discount on the average of the lowest three trading prices during the ten trading days prior to conversion, after 180 days, in whole or in part at the option of the holder. The note also carries a prepayment penalty, adjusting every 30 days to a maximum of one hundred thirty percent (130%) of the then outstanding principal and interest balance due, if the note is paid back within the first one hundred eighty (180) days.>>
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12064192
I don't think that Earth's Renewable Energy
will be able to pay ALLM more than $1.
That's because one of the other companies
headquartered at the condominium complex
that headquarters Earth's Renewable went
bust.
Here's the address:
Earth's Renewable Energy, LLC
307 Monte Carlo
Newport Beach, CA 92660
It looks like Diamond Vaporizers didn't have much luck
vaporizing diamonds:
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=inq7GYSMZuxw4rq0meCVHA%253d%253d
So you guys are going to tell me that the one woman bioenergy
shop that's based at this same address is going to help make
you rich?
http://tinyurl.com/y8fp93cn
What a joke!
Why no comments on the additional toxic financing?
It's on page 16 on the bottom of the page:
<<In April 2017, the Company entered into a convertible debenture
with EMA Financial, LLC, with a principal balance of $150,000
due and payable on March 15, 2018. The note carries an original
issue discount of $24,000, accrues interest at a rate of 10%
per annum and is convertible into the Company’s common stock
at a 35% discount to the lowest trade price during the
previous fifteen trading days prior to the date of conversion,
after 180 days. The note carries a prepayment penalty, adjusting
every ninety days to a maximum of one hundred thirty percent (130%)
of the then outstanding principal and interest due, if the note
is paid back within the first one hundred eighty (180) days.
https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12064192
This is a recap of some earlier points I have made about this company. That little "Green Machine" as the "reactor" is sometimes called, located at EK Labs at 235 West Marvin Avenue, Longwood Florida, is the only piece of equipment which has any patents at all on it and there are 4 worthless patents involved at my last review. As I have also pointed out, it clearly does not convert some dozens of cellulose plants into sugar in a 15 minute process via a globally disruptive mechanical process as they claim.
If the process was globally disruptive as they claim, they would open EK Labs up for the world to see; rather as I have stated, they don't let anyone see it; they won't put a sign on the little building and they won't release the address even though I have on multiple occasions.
Bottom line, as I have also stated, there will never be any revenue because they can't produce any sugar or any other product. If there is never any revenue, then they will unequivocally have to file for bankruptcy. They already have more than $20 million in net losses with zero revenue.
<<<<The notes will be convertible at an initial conversion rate of 13.8172 shares of InterDigital common stock per $1,000 principal amount of the notes, which is equivalent to an initial conversion price of approximately $72.37,>>
FISH21049:
Thanks - so it looks like the new conversion price is
25 cents lower.
mmbtx_1, thanks for the info:
<<In connection with the cash dividends previously announced by the Company and paid on October 26, 2016, January 25, 2017 and April 26, 2017, the conversion rate for the Notes has been increased to 13.8664 shares of the Company’s common stock per $1,000 principal amount of Notes.>>
It looks like a new $72.12 conversion price.
Does anyone remember the old conversion price?
Private Offering - There's no investment bank - it looks like
the main contact is Vanessa Luna:
<<I have another question—who can I talk to?
We’re more than happy to answer any questions you may have. Please send us an email at info@lunaconsultantgroup.com, with your question or questions, and if you’d like, include your phone number. You can also call Steve Luna of LCG at (702) 790-2514 if you’d like to ask your question directly. In either case, we’ll get back to you right away.>>
https://www.transfer.ly/invest/alliance-bio-products
<<Vanessa Luna CEO>>
http://www.lunaconsultantgroup.com/business-development-1/
How do we know that she won't buy a jeep with the money?
Or maybe even a big boat??
----------------------------------------------------------------------------------------
Vanessa Luna - Why does ALLM hire so many people so close to
this stinking mess?
On page 18 of 35 Jens Dalsgaard had "serious problems" with
Vanessa Luna's work on October 17, 2014. If she did not
improve, she would be fired.
On page 18 it says that everything was done without Jen's knowledge
and he was "shocked" by her work. He would do everything to "correct
the actions" of Vanessa Luna.
On page 20 of 35 it says that Vanessa Luna was using the monies
for her own purposes - she was "terminated immediately."
Page 21 - It says that she allegedly bought a Jeep with the corporate monies without approval.
Page 22 - It says Vanessa Luna wasn't fired - was Jens Dalsgaard also
involved in the unseemly activities?
There's so much more - see for yourself. But just here's just
one extra tidbit of an allegedly unseemly person involved in this
case:
<<11 People Implicated so Far
This latest sweep in the investigation has been going on since last year. A further four alleged participants in the scheme were charged with several counts of fraud in the summer of 2014: Abraxas J. Discala, Chief Executive (CEO) of OmniView Capital Advisors, Ira Shapiro, the Head of CodeSmart, Craig Josephberg, a broker, and Kyleen Cane, another attorney. An additional three people involved in the schemes – Marc Wexler, broker Matthew Bell, and Victor Azrak – have pleaded guilty.>>
http://www.financemagnates.com/institutional-forex/regulation/two-brokers-and-attorney-arrested-for-securities-fraud/
Ms. Cane is on page 14 of 35:
http://www.cytta.com/resources/2015-2-23%20AACC_Answer_and_Counterclaim.pdf
Although the above doesn't implicate ALLM directly in anything,
it shows that they're not too far away from some serious stench!
<<Quote:
So I am assuming that it's possible that some who complain on this
board didn't even caste a vote to try to do something about their frustrations.>>
I meant to write cast, not caste like in the social class
caste system.
<<also very possible that some of the biggest complainers here aren't eligible to vote because they don't own any shares - jmo >>
gejebr3, good point.
IF they're not holding any shares, they won't even know what it's like to see their accounts grow nicely over the past several years by holding onto IDCC shares.
Maybe if they knew what it was like, their propensity wouldn't be
to complain all of the time?!
<<Broker non-vote means that for stock held by brokers in street name, voting instructions from the owner were not received by the broker,>>
olddog967, thanks for the info.
So it looks like across all voting categories the shares held
by brokers in street name (which is a lot of retail owners -
some who might even post on this board), 9.293 million didn't
even vote.
So I am assuming that it's possible that some who complain on this
board didn't even caste a vote to try to do something about their frustrations.
Earth's Renewable Energy.
I have been asked to do this through anonymous
requests:
<<Earth's Renewable Energy, LLC
307 Monte Carlo
Newport Beach, CA 92660>>
http://www.buzzfile.com/business/Earth!s-Renewable-Energy,-LLC-949-891-4022
Although they're not my pictures (they're from Google Maps), they obviously tell the story that ALLM will most likely not receive more than $1 from Earth's Renewable Energy:
https://www.google.com/maps/place/307+Monte+Carlo,+Newport+Beach,+CA+92660/@33.639294,-117.8630772,3a,75y,130h,90t/data=!3m7!1e1!3m5!1sCM31mTfhcQXWH5znYJbTcw!2e0!6s%2F%2Fgeo2.ggpht.com%2Fcbk%3Fpanoid%3DCM31mTfhcQXWH5znYJbTcw%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D130.47398%26pitch%3D0%26thumbfov%3D100!7i13312!8i6656!4m5!3m4!1s0x80dcde3b1848b6df:0x1c01838942721550!8m2!3d33.6390197!4d-117.8630529
nokiashill:
Using your logic, if a management team hasn't done as well as Apple
getting their stock up, they're a bunch of losers.
Using your 'logic', 99.89% of all companies in history suck.
<<berkshire hathaway price 1999 less than 100.00 today 255,000 >>
Get your facts right - you're way off.
BRK-A was $64,000 in the beginning of 1999:
https://www.google.com/#q=NYSE:BRK.A&stick=H4sIAAAAAAAAAONgecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uLj0c_UNzKuy46uSeQASUCp7OgAAAA
my3sons87, good point.
IDCC could have been bought for $4.5 in early 1999 - that's
before the blow off top technology bubble.
So anyone whose held (and had the discipline not to sell) since then has a compounded annual return of 18.5%.
That's a spectacular compounded return for almost 20 years.
olddog967, thanks.
If I remember correctly, this one will be tricky because I believe the
CAFC has taken two looks at the "power ramp up" patents and
their claim construction guidance has been contradictory.
They'll obviously settle it once and for all.
<<But, based on the fact that Samsung's mobile business is still strong, IDCC believes all Samsung obligations will be carried forward.>>
la-idcc-fan, thanks for the helpful report.
It's good to see that the Samsung license carry forward will
likely take place.
It would be bad news to lose them.
<<As far as ZTE, I believe a key factor affecting negotiations, is the forthcoming CAFC decision on ZTE's appeal of the District Court jury infringement finding.>>
olddog967:
I guess that you're talking about this:
<<On July 18, 2016, ZTE filed its notice of appeal with the Federal Circuit regarding the Delaware District Court’s judgment against ZTE with respect to the ’966 and ’847 patents. ZTE’s appeal is pending. As a result, InterDigital’s damages claims are currently effectively stayed pending the appeal.>>
Do you know how it's progressing?
<<I certainly wouldn't want to dispute your careful reasoning but, um, isn't this the same management and licensing team that in less than five years got us an increase in the share price from $25 to $102 in the first place? >>
Bratkowski, yes it is.
And I don't understand people who continually whine about their stock
and its company's management when the stock compounds at 29% annually
over the past five years!
https://www.google.com/search?q=idcc+stock&oq=idcc+stock&aqs=chrome.0.69i59j0j69i60j0l2j69i60.1968j0j8&sourceid=chrome&ie=UTF-8
Maybe they bought too much at the higher range earlier this year?
If so, why did they miss the bargains over the last five years?
And if they didn't miss the bargains, what are they complaining about?
Buying too many short term calls that expired worthless? If so, that's their problem, not management's.
It's not hard to run up a penny stock.
It's done all the time because it doesn't take much money.
300K shares at about 23 cents is 'only' $69,000. Although
that's probably a lot for one person, it's not a lot
for an orchestrated effort with the market makers too.
If you would like to see a picture of the one woman's shop
whose supposed to pay ALLM real money, I'll gladly show it
to you.
Warning - it will make you seriously doubt if ALLM will get
paid more than $1. If they get paid only $1 from
Earth's Renewable Energy, LLC., this press release won't
even be illegal:
https://www.otcmarkets.com/stock/ALLM/news/Alliance-BioEnergy-Plus--Inc--Subsidiary-AMG-Energy-Group-Secures-Sublicense-Agreement-for-Cellulose-to-Sugar-Conversion-Technology?id=161177&b=y
So would you like to see the picture?
happy gylmore, my head handed to me?
What a joke that is - I hope that it goes higher, I'll
short the heck out of it more.
And Mr. gylmore, why do you think that the previous address
of today's new alleged licensee hosted a defunct Nevada Diamond
Vaporizer company with a California address?
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=inq7GYSMZuxw4rq0meCVHA%253d%253d
Do you want to see a photo of those state of the art
facilities that are supposed to start paying ALLM
some money??
What a joke!
<<if the vero beach plant will be done deal as reported in the news article I think your opinion will be equal to zero >>
As reported in the local news article?
You actually use local reporters for investment decisions?
Do you have ANY idea how easy it is to lead these unknowledgeable
reporters astray? It happens all the time.
If you were a professional (and you're obviously not), you
would go directly to ALLM's financial statements that they've
raised no money for the Vero plant from this particular $10
million offering:
https://www.transfer.ly/invest/alliance-bio-products
And they have ONLY $2,414 in cash along with NEW death spiral financing - it's all here for you to see:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12064192
So you don't want to ask me about Cambridge's COO.
If you're somebody with your precious money on the
line, couldn't that be relevant information?
ascanius, it's not really lots of buying.
What's moving this stock is nothing more than $36,000
of capital being moved around - a measly $36,000.
And that's the average price today multiplied by
just about 200K shares.
What they're doing is combining BS press releases
saying that a ONE WOMAN shop (Earth's Renewable
Energy) will actually pay them money - it's a joke -
where will she get the money? They're combining
that with the orchestrated buy orders with only
that $36 K.
Do some DD into the shop where she comes from
(Cambridge Companies) and some sketchy stuff comes
up with their COO. If you want to ask me what it is,
you're welcome to. But I don't think that you want to
ask me.
Even more toxic financing - this is atrocious.
How can you people think that this is a real company
that's capable of buying any plants and running them?
It's on page 16 on the bottom of the page:
<<In April 2017, the Company entered into a convertible debenture
with EMA Financial, LLC, with a principal balance of $150,000
due and payable on March 15, 2018. The note carries an original
issue discount of $24,000, accrues interest at a rate of 10% per
annum and is convertible into the Company’s common stock
at a 35% discount to the lowest trade price during the previous
fifteen trading days prior to the date of conversion,
after 180 days. The note carries a prepayment penalty, adjusting every ninety days to a maximum of one hundred
thirty percent (130%) of the then outstanding principal and
interest due, if the note is paid back within the first one hundred eighty (180) days.
https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12064192
What happened to the "historic" South African licensing agreement
two years ago?
https://www.thestreet.com/story/13158080/1/alliance-bioenergy-plus-inc-announces-the-signing-of-historic-territory-licensing-agreement-with-south-african-company-for-its-cts-patented-technology.html
It looks like it was either a complete scam or a complete flop!
You be the judge.