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The Oled provisional is a good example of why not to get excited about a provisional patent. It was filed, but then nothing happened. They chose to not go down the road of Oled, though I sometimes wonder if they ever did have a desire to see it thru. I see the hologram display patent was filed on Mar. 12th of last year. If they don't file the follow-up Utility patent by Mar 12th of this year, that provisional will expire and be of no value.
I don't always agree with Flyerfan, but his info is generally based on the SEC filings, which are really the only filings that matter. That info has to generally be fact based, not forward looking like a PR. Flyerfan has done nothing wrong by pointing out the SEC filings. And everyone, including you, give your opinion based on what you post.
Again, those patents aren't really pending. 3dicon has not filed for the utility patent on either, and that's what matters. Those are both provisional patents that expire in a year from the date they are filed. The Holographic one was filed in either late March or early April of last year. So it is set to expire within a month and 3dicon will no longer own it. Provisional patents mean nothing, if the company does not file the utility patent. So OU currently owns the only patents that matter, because they are utility patents that give protection up until around 2020s.
Actually, I'd feel pretty good with that number. I see the technical coming together for a nice run in the next month or so, and if we only have 350,000,000 o/s, that would still allow for a huge move. When this ran from .0025-.10 in 2010-2011, there were between 750,000,000 and 900,000,000 o/s.
I didnt say the tech was not important. I said the provisional patent isnt important, if they dont file the utility patent within a year. A provisional patent only gives limited protection for a year.
Yes, 3dicon has marketing rights of utility patents, but OU owns them, which is what was stated. Also, the two provisional patents, owned by 3dicon, mean nothing unless they file and receive the utility patent. 3dicon has had other provisional patents that they let expire. I hope they follow thru on them, but time will be the judge of that.
So far, all the approved patents are owned by OU. The only thing that 3dicon has right now is a couple provisional patents, and if a utility patent isn't filed within a year, of the provisional patent being filed, then the provisional is no longer valid. Pretty much anything related to Cspace is owned by OU.
3DIcon Outlines Federal Funding Strategy
TULSA, OK -- (Marketwired) -- 03/04/14 -- 3DIcon Corporation (OTCQB: TDCP), a developer of three-dimensional projection display technologies, today outlined its strategy for securing federal grant and contract funding over the next 12 months. Mr. Doug Freitag, 3DIcon's federal government business development executive, described the strategy as follows, "3DIcon will be pursuing funding opportunities that are part of the Federal Government's approximately $136 billion FY14 R&D budget and whenever possible take advantage of programs designed to help small business during the higher risk phases of technology commercialization. We intend to pursue these opportunities and effectively compete by forming interdisciplinary teams with potential strategic partners (large and small), academic and commercial laboratories, and system integrators providing integrated data visualization solutions. The principal targets for this strategy include: the Obama Administration's multi-agency priorities of advanced manufacturing and information technology (e.g., Big Data Research and Development Initiative with over $200 million annually); the DOD's priorities to reduce the cost of developing, testing, and manufacturing new weapon systems, enhance training and operation of autonomous systems and accelerate data-to-decisions; and FAA's ongoing priority to enhance air traffic control systems." According to Mr. Frietag, this process is already underway with the recent submission of a proposal to the US Army Night Vision and Electronic Sensors Directorate. Additional submissions are planned over the next 6 months approaching $10 million of requests for multi-year funding.
Victor Keen, CEO of 3DIcon, had this to say, "This type of funding is considered revenue that is non-dilutive to shareholders and has become a principal focus of our fundraising efforts, in combination with other longer term financing options currently being evaluated. The commercial and academic partnerships we are building in support of these federal funding opportunities will not only increase our likelihood of securing these funds but will also ensure that we will have the right interdisciplinary teams in place to complete the development and commercialization of our patented CSpace® volumetric 3D display technology."
Wow, i kinda thought it would be higher, but i'll go with your o/s.
I'd think so. The preferred shares convert at .01 and the warrants are exercisable at .0055. So currently, he's not making out and the pps was similar when he made these deals. That tells me, that when he looks into 3dicon's future, he sees good things. Also, with his investment, it eliminated a lot of bad debt with conversion rates in the .000s, which means the os would have ballooned in a hurry. I am interested to know where the os is at now. I'm hoping its still under 250,000,000. Guess we will know at the end of March, when the 10K is released.
Several have been mentioning how Keen has invested $190,000 in the company, thru the offering. Well, that isn't correct, he has actually invested $265,000. Let's not forget that the Jan 8k, was the second filing involving the offering. Keen also had already invested $75,000 in Dec. So, Keen has added over a quarter million dollars to the company coffers over those two filings. Just wanted to point that out. That is a lot of his own wealth, and we know it wasn't just paper passing around, because they actually paid of the dilutive financing with the cash.
my breakeven is about .12-.13 I think. So I would be willing to leave at .10, if things didn't look bright.
What I've been watching and waiting on is for the 200ma to work its way down to or near the 50ma and 100ma. If the pps can hold in this area(.003-.004) for another month, then the 200ma will likely drop to near these levels. The 200ma is currently just around .0115 and is showing a steeper decline over the past couple weeks. If you go back to the front end of the 200ma, there are only a few more days of .03s left being reflected in the avg. After those fall off, then there will be a about 40 days of .02s left to hold the avg up, and each day a .02s will be replaced with a .003-.004. My point being. When this ran big back in 2010-2011, the 200ma had leveled off right around the same avg as the 50ma and 100ma. If that happens and the pps breaks that area of resistence. We could see another big run. Combine that with any significant news and we could see .10+ again, in my opinion. I originally said that could happen by late Feb, or early Mar. I might need to push that back to closer to April. I didn't realize that there were so many days we traded in the .02s, before the major dilution kicked in and drove us to .0025. Anyway, if you are wanting to bring your avg down, so as to maybe get investment back or maybe, just maybe make a profit. This, IMO is the time to act.
Let me give you an example of how you could make a small gamble now and possibly get back all your money. Let's us Eggie for this example. I believe you said you have $15,000 invested at approximately $1. That would mean you have roughly 15,000 shares now. So say you feel that this might top out at .15, and you would like to sell at .10, just to make sure you could get out. To get $15,000 at .10, you would need 150,000 shares. Well, since you have 15,000 already, you only need 135,000 more shares. Now if you could get a buy for 135,000 at .004, you would only need to risk $540 more, with the hope now of only needing .10 to get out. So an additional $540 brings down your avg down roughly 90%. If it falls back to .0035, it would only take $472.. My point is, that with a relatively small added investment, you could bring you cost avg down considerably, to a pps, that actually could be hit, based on past runs. Now, there are never any guarantees, but I really do believe we will hit .10+ again.
They did not get a fresh 16,000,000shares. That filing was "as of" Dec 31st. So as far as we know, they dont even have those shares anymore.
Golden State still lends money to 3dicon. Not as much as they used to. If you read the 10Qs, it always lists how much 3D has borrowed from them and how many shares it has cost. GS files this filing every year with the sec.
That's not as of today, that thru Dec 31 2013. Those could have been dumped already.
We think that a lot. In reality, it is mostly going up now, due to less dilution. The diluters have been able to dump a lot of shares in the .003s. So when they dry up, then those buyers that are left must pay more to get shares. If we were trading in the 10s of millions of shares, I might think there was something brewing. For now, we just need to be glad the pps isn't dropping further and maybe as the 200ma drops and meets up with the 50ma, then we might see that run to .10 or higher again.
Right around 36,000,000 shrares have been traded sense the 23rd of jan the day,I' m thinking all payments(cash and shares) were delivered, since that is was the date they filed with the FL court. I doubt Ibc would file anything untill all payments were received. So good chance they could have unloaded all 16,000,000 shares.
Volume light today with a 14% move up. Might mean current dilution is about done. We still will have dilution from GS, JMJ, and services. But if CP US and IBC fund are about done. Will help a lot. The others don't get nearly the discounts that IBC and CP US got, so they are as apt to drive it down as quick. Less room for profit making.
Actually that's not quite right. The preferred shares automatically convert to Common shares if the pps breaks .05. However, if the pps doesn't break .05, I believe he can convert at any pps. The conversion pps will be .01. So he could sell at any point then, but not likely under .01. The warrants are for shares at .0055, but he won't exercise those unless the pps goes above .0055, obviously. With all that said, this deal is way better than the toxic deals we've seen.
Why April First? I'm guessing as soon as the company has news, they will share it. Not like they have been silent. No, we have not had any technical updates, but been plenty of financing news. Seems Keen is more worried about their financial standing right now. Now money means no research. I'm likely how he's making some changes.
I went to all three meetings, but I'm up in the Joplin area, so a little far for lunch.
I would have to assume that AGIS was used by CP US Income. It seems they showed up right after their deal was announced. Since Agis has not been on Level 2 for about a week or so, I'm hoping that means CP US Income have sold all their shares. Now if Agis pops back on, then I will figure they are being used by ibc fund. I think GS uses ATDF. And of course everyone uses Nite, since they are the retail mm. Anyway, seems ATDF and NITE are the only regular mm these days dropping the ask. Hopefully things will clear up a bit as IBC Fund burns thru their remaining shares. My guess is, that might take a couple weeks. After that, we will be down to JMJ, GS, and service shares. I'm hoping these deals got done before the OS ballooned above 300,000,000. Guess we won't know that til the end of Mar.
I did some checking on the last 10Q and found that CP US Income, as of the 10Q was still owed about $159,000. I also found that Ibc Fund was still owed about $124,000. What I'm not sure of was if either converted more debt to shares from Mid Nov to the deal that was signed in Jan.
Now in the 8k yesterday, it states that an ammedment was made to the settlement agreement with Ibc fund in Nov. Unfortunately, there is no filing to what that amendment was. I figure though, it had something to do with 3dicon preparing to pay off the remaining debt with them, so maybe it was the agreement they laid out in this 8K. I'm hoping part of that agreement was that they wouldn't convert any new debt to shares between Nov and Jan. Based on the two amounts of shares IBC fund got, I believe both were related to conversion for Dec and Jan. So my guess is, IBC fund did not convert any other debt to shares. Based on the 10Q, IBC fund ended up with about 47,000,000 shares total thru the entire process. This includes the 16,000,000 they got in this payoff. The good news, is that if the company had chosen to let them continue to convert debt to shares, at today's closing price, they could have, over time, convert the remaining $124,000 into approximately 454,000,000 shares. That is if the pps remained constant, which most likely, it would not and likely would have been lower.
Now as far as CP US Income. Based on the 10Q, they were still owed $159,000 in mid Nov. That means they had convert roughly $170,000 into shares. What I don't know is how many shares. For some reason, the amount of shares they have converted is not discussed. My guess is that they were paid off in Dec, with the first part of the offering, that was roughly $195,000. Now I don't know if they just got what was left of the debt, since it didn't mature until July of 2014, or if they got some extra shares as well. If they hadn't been paid off, at today's pps, they could have gotten another 76,000,000 shares over time. So the payoff of these debts, saved the company a minimum, IMO of about 530,000,000 shares.
I was looking at shares converted from June 30th-Sept 30th for conversions only and it was approximately 54,700,000 shares. Now during that period, IBC Fund had converted 16,000,000, so that left 38,000,000 that was converted between GS, JMJ, and CP US Income. My guess is that CP US Income probably converted around 50,000,000 shares. With the amount they converted of debt, that would of been a conversion avg of about .0036.
Anyway, its good to have those two out of the way. However, GS and JMJ seem to still be converting debt into shares. I honestly would say, JMJ has been a pretty big culprit in our share situation. Not sure how much more they are owed.
Chill was over by the time ibc deal was done. The group could have taken shares at much better terms and could have still sold those shares. Those that got paid by ibc put the company in a very unfortunate position, as well as us shareholders. Plain and simple.
The vendors are listed and what each were owed at the bottom of exhibit 10.1
http://www.sec.gov/Archives/edgar/data/1375195/000114420413042272/v351462_ex10-1.htm
No, CP Us Income bought up the outside debt of around $325,000. ibc fund, apparently had some of the inside players came to them for payment or ibc fund approach them. Then they sued the company for the money and forced 3dicon into the bad deal.
Keen was not one that got money from ibc. It was refai, melnik, ou, our sec lawyers, and audit group.
Im still more upset with all the inside folks that sold their debt to this group and caused this issue for the company in the first place. One of these individuals had to contact ibc to get this deal started.
Remember, ibc got 16,000,000 shares over the past week. I dont agree with sentiment that they will hold those shares. Groups like these only want to make their money as fast as they can. By selling in the. 003s, ibc would make an additional $50,000. i promise they wont hold and risk getting. 001 a share. They are likely to turn their $197,000 investment into over $300,000 in about 6-7 months. That is a great return on investment with next to no risk on their part.
Well, I think Keen is more in touch on the shareholder front, since he's a large stake holder and he also deals more with financial side. I think Willner just was tech side and didn't care as much about the financing side. I'm thinking his midset was, whatever it takes. He didn't have anything to really lose with that approach. I'd say if this was a private company, Willner would still be the better choice, but since shareholders are involved, I think Keen is a better fit. As long as he surrounds himself with the people that have the connections and know how in this industry. Which it appears he is.
I'd say its to finish up lab 3 and to secure half of the matching funding. That's just a guess. I'm wondering if the delay in Lab 3 has been funding related, or waiting on the company they are using to make the image chamber to finish a workable product to use.
Basically, maybe a little left to jmj. Gs always seemed real bad, but their terms, compared to those other two, isnt nearly as bad as i thought it was. They only get a 20% discount, so they cant afford to drive it down as hard as the others could. All the shares in this new offering, which majority will be keens a locked up for a while, or until it hits .05, which i would be very happy with at this point, or at least a good start. We just have to wait for ibc to unload hopefully its last 16,000,000 shares. I am curious to know what os is right now.
I guess you were wrong about the next pr being dilutive toxic financing. Hmmm i guess keen is trying to look out for us and the success of the company afterall and it appears he's using alot of his own money.
3DIcon Completes Financial Restructuring
TULSA, OK -- (Marketwired) -- 01/28/14 -- 3DIcon Corporation (OTCQB: TDCP), a developer of three dimensional projection display technologies, announced today it has retired the debt of CP US Income Group, LLC and IBC Funds, LLC. Funding to complete this transaction came from the sale of a Series A Preferred offering (the "November Offering").
The amount due to CP US Income Group, LLC and IBC Funds, LLC had become highly dilutive to the Company's shareholders due to the current price of the Company's stock and the conversion feature afforded the debt holders. Eliminating this debt should open new lines of financing that will be more favorable to the Company and less dilutive to shareholders.
Victor Keen, CEO, said, "One of our principal goals of the November Offering was to eliminate the convertible debt held by CPUS and IBC. I am very pleased to announce that we have succeeded in accomplishing this critical step in normalizing our overall capital structure.
"The next step will be to raise additional capital in order to address the Company's growth and pursuit of federal funding. In the meantime, Dr. Hakki Refai and Dr. George Melnik are continuing their efforts to improve the CSpace Prototype and to fulfill the $300,000 OCAST grant requirements."
I doubt when he participated in the offering, that he had any material info.
So i would assume you lie for your employer?
So because someone is hired by a company, they will willingly lie for that company?
Not to stir the pot, but you originally asked how bright was 80x brighter? Well, they based that off the brightness of lab 1. Well, the youtube video is lab one, so that gives you at least some starting point. The company also stated that lab 1 could only really be seen in an unlit room, while the 80x brighter prototype could be seen in normal room lighting. So in my opinion, that gives you a pretty good measuring stick.
I believe they are trying to accomplish all that you post. The question is will they succeed? I really dont believe they are blowing smoke. These are all men with strong credentials and reputations. That however doesnt guarantee success. I do believe it will take time for any govt money. Sounds like he's just getting started on that. Hopefully we will begin to see success take shape this year.