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His 20% should be gone after it gets discussed legally.
I think your global settlement numbers are just grossly undervalued. There are way too many modems in use and have been in use for too long. We sued Cox for $133 million apparently - Comcast alone should be 5-8x that number based on modems in use and the willful infringement exposure they have at trial. That is close to $800 million just between those two and Charter should be about 3x the amount of Cox. That gets us to $1.1 billion there. You can make the argument that they will negotiate this number down considerably but remember there are other companies on the table here with decent amount of infringement. Not to mention they gave up after 2 days at trial and the second day being the meat of the valuation discussion. Seems to me leverage is pretty much evaporated for them here. Another thing to note is that we sued Cox for $133 million yet they did not start rolling out the tech near the time Comcast did or at the rate Comcast did. So quite frankly, Comcast could be 10x or more the Cox number.
I think anything less than $1.5 billion is not even to be discussed unless they take a large discount at the negotiation table for some shady reason.
With that being said there should be no less than $345 million on the table for UOIP shareholders after account for the lawyer fees, Bentham, and CBV. Our lawyers should easily do away with Carter’s cut and also talk about negotiating Bentham’s cut which only means our share goes up from there.
Another topic that’s floated around a lot here was the 1.9 billion shares which I never understood why. I remember who 1.6 billion being maxed out OS and when Carter came in here to UOIP the total outstanding was right about 1 billion as he held about 90% of the OS. So in my opinion the highest number that should be in the bottom of your division equation should be a 1.6 billion and change.
Great post long.
Main objectives, keep Deidre’s fraudulent 20% out, get rid of Carter’s fraudulent 20%, and negotiate Bentham’s cut considerably.
My take, the first two objectives are slam dunk when out legal team gets involved, the third (Bentham) is more complex. At the very worst we are looking at a 23.5% cut of the final amount awarded in the case to UOIP shareholders if Deidre and Billy do no get their fraudulent cuts. This is of course considering the Bentham cut stays at 25%.
23.5% is a lot less than any of us would have considered when buying a stake in the dilution here, however we should have suspected lawyer fees and the 50% allocated to the inventors I have mixed personal feelings about. We will see what unfolds but I predict we get rid of the two clearly fraudulent terms quite easily.
Basically UOIP shareholders will have a vote to fight over the scraps leftover after we have all collected our shares.
As I said, I highly doubt the text is real from Carter because of the source claiming it. However, even if true, this does nothing for us. There are crumbs leftover for us after all parties are paid out in the waterfalls they have on the table. The only reason Deidre got cut out was because they realized that it could hinder the success of the trial and determining damages as it would be clear Deidre was enriching herself even more so then the actual damaged party the patent holders. Now we are to sit by and hope that Carter does the right thing and negotiates Bentham’s rate down considerably and get rid of the UO!P shenanigans and also make sure to keep the Deidre cut out? Highly doubt these actions will be taken.
It needs to be a negotiated rate in a big way with the 25% to Bentham, or the argument should be on the table to have Carter pay them off with his share as he brought them in to fund his lifestyle.
UO!P needs to be cut out in entirety as this was illegal and could bring criminal charges to Carter.
Deidre’s cut needs to stay out like it is on the newest waterfall.
There should only be UOIP and CBV sharing 50/50 in the leftovers after the lawyer is paid their 28% and Bentham is paid at their negotiated rate/Carter pays their cut. Bentham put up a couple million dollars to then take a 25% cut in a potentially billions dollar settlement... no way this should stand.
Even if this were real (very doubtful given the source) this does not say a whole lot in regards to us being left out in a big way. There are waterfall charts that are already in place... there not are “unilateral decisions” that must be made, the decisions have already been made to give Bentham 25%, UO!P 22.5%, and the 20% for Deidre is still in question. This doesn’t give us much to be hopeful about even if it is real.
Which we were suing for $133 million for Cox which valued the tech at roughly .40 per modem. They can’t negotiate this lower then the bottom end of the valuation after giving up so easily. They have no leverage.
Great post. Thank you sir. Look forward to hearing from you.
Just for the record, what does "going the high road" mean? Does this mean there will be no 20% cut for UO!P? Will Bentham be negotiated appropriately?
Thanks for the update Z. Shareholder's position in the settlement is safe... to what extent is the question. Hopefully we can really get some official information from him and the TA.
FB. But ihub is good too.
Can you send your Facebook alias please thanks
The team is already being assembled. Not sure what your looking for? The large holders are in the driver seat here we just need to support their needs in anyway we can and BA is on it with them.
It would be in his best interest to take the high road.
Z... He created an entity UO!P specifically to take more share of the total ending value. Without consulting his partners or shareholders... Can you explain how someone doing this can be considered fair? I agree there is no reason to be malicious, however what should that matter - right is right and fair is fair. If some words from angry investors (rightfully so) can change the outcome in a worse way for shareholders then your just not very bright as your causing harm to yourself later on rather than walking away making those angry investors feel dumb for accusing you and also walking away a rich man regardless.
I do not see anyway possible for a settlement just between Cox, Charter, and Comcast together being less than $1 billion. I think $2 billion is very possibly in play at this moment in time.
Carter can still avoid legal action and make things right if he were inclined to do so. My personal opinion is he will not do anything differently than has already been proved through actions taken until he sees that we are serious about legal action. He might be waiting to find out if we are actually going to work together as a team to then take necessary action to avoid civil and criminal charges and a potential TRO to hold up and funds being distributed even longer. I think he will be surprised how quickly our band has got together to take action.
Making things right from Carter's perspective requires the following:
1. Negotiate Bentham's cut considerably as 25% is an absurd amount of return on the loaned amount.
2. Decline Deidre's 20% cut as this agreement was between her and her for "consulting fees".
3. Retract his 22.5% cut to UO!P (his own entity) as this agreement was made between him and him after UOIP was delisted and he figured no one would pay attention.
4. Uphold the 50% CBV/50% UOIP of all remaining funds (after lawyer's cut and Bentham's cut) and pay the inventors their fair share, and the shareholders of UOIP (including himself) their fair share.
This is simple and he would still become a very wealthy man in this case while also avoiding legal repercussions criminally and civilly. Otherwise we get the TRO filed and hopefully accepted before funds are dispersed.
It would have been favorable if they presented the range of value per modem to stress to the jury that we were being generous in the damages we sought. Regardless I think that it is plausible the 13 are taking the $133 million which amounts to somewhere roughly around .40 per modem and working their way down from there.
The good thing is, even at .30 per modem we are looking at very high numbers between the 13 due to the sheer number of modems in place. Let's not forget there might be licensing on the table, however the patents do expire soon, at least the valuable ones. Therefore, not quite sure what will be discussed in the licensing subject.
Judging off both your and LT's reports on that final day I had a feeling this was where it was going. I guess we have some exposure in the case they decide to go back to court because they don't agree on anything. This would bring in a new jury which to me is a major flaw in the system. An out for the defendant to get a feel for the jury members and their attitudes toward the case then decide to assemble a new jury at a later date. Regardless hopefully this gets settled and then we can focus on fair treatment.
This is what we have all been waiting on now guys. We have all put in our money for this end goal. It's come to fruition now. Some here have put in loads of time and effort and I am very appreciative of it as I'm sure most everyone that owns shares here feel the same. But we really need to keep our heads in the game here and make sure we do what is needed to get our fair share. The press around this could get substantial and that could work in our favor - however we need to have a plan in place to get what is rightfully ours. If your on the team and can help putting in time or funds to help us get the retainer together to move on legal representation then please reach out. There are a couple scenarios for all of us to think about here.
If we fold and let Carter dictate the final payout to shareholders we face $0.00 to potentially $0.02-0.07 or so per share. This is very hypothetical and could be off by a couple cents per share or so in best case scenarios.
If we put up and show that we are not playing around and will work as a team to get what is rightfully ours, we could be seeing a hell of a lot more anywhere in the range of $0.30-$1+ per share.
Please remember there are multiple waterfall charts in play that could go either way, there is still a big question on amount of funds acquired in court, there are still questions on future licensing etc. There is a wide range of possibilities here but A hell of a lot of money on the table. If we get legally involved we can get a TRO and make sure we are at the table with legal representation to get our fair share. We are talking about maybe $200-500 on average per shareholder if we really break it out and get people involved. There are some large holders that are willing to bear a larger burden as they have a lot more on the line.
In the end, think about it like this. Are you willing to put up $500 or more to protect what could potentially be $100s of thousands or more depending on your holdings. Or will you watch a huge opportunity in your life that you saw early on and bought shares to partake in the windfall go down the drain and let someone at the top dictate what you get.
This is not a post to ridicule anyone that cannot or will not put up, I know everyone has their own situations and circumstances in life. Just want to encourage everyone to understand how important this moment is in getting involved so we can be a team to get what is ours.
BA, there are plenty of us who are on the same spectrum as you 100% and stand with you ready to take action. It doesn't matter what posters say here on the board - facts are facts and legal expertise that you have gotten plenty of lately are a lot more credible than anything someone says here. We should not sit back and hope and pray that a man who has shown his hand (accidentally, think TRO from Leane) will include us at the grace of his BIG heart. We need to do what we must to protect ourselves as shareholders and we have the team to do so. There is very likely at this moment money on the table in reference to these patents that we all have an entitlement to a share of the proceeds. Whether or not Carter decides to do the right thing after we have put together our legal team to pursue him in court does not matter at this point. At this point in time we need to show we are serious and are not going to sit back and hope he gives us his table crumbs.
I am very sure he did what he did thinking Leane would not expose it all and he would get to this point without anyone knowing. Then he would go ahead and pay out a little amount to make shareholders feel like (well at least I got something back) and go away quietly. If we do this, we all risk giving up a life changing moment.
It is my hope that we come together and do what we must to show this guy we are not playing around and we will do what we must.
I have full faith in the team we have here. We don’t all have the same thoughts and might not think the same way but I think we have a dedicated group of people that found a diamond in the rough and now want to be compensated fairly for it. I think we have a great group of people here and we will figure it out. We will see in due time.
After paying the lawyers, Bentham, CBV... there is not as much leftover as everyone originally thought. With that being said Carter is making sure he gets what he thinks is his fair share. And he could steal because he has the ability too. For us to go after him for it would take a unified team effort that he probably expects we will not put together.
I think it’s will take a decent amount of capital but if it is broken up amongst 50 or so shareholders (some with more capital to put in then others) we can make this very cost effective that will not change any of our lives and I think the case we have is slam dunk. Just need representation that is willing to put in the time and effort. I myself have at least 5 people who would be willing to contribute. And I know plenty here have people in their court that would contribute as well. I think it’s just something we need to take seriously otherwise we will let what could be a life changer for many of us pass us by.
Well it’s also clear Billy took actions to indeed leave shareholders out of what is rightfully theirs through information we have thus far. If he was willing to do so then, what changes his stance now? Just because it is public knowledge now that we are to be bent over here does not mean it will change his course. Just my opinion of course but I don’t see why someone would set themselves up in this way and then reverse course because now everyone is aware, we were going to be aware at some point anyways.
Happy bday special. Appreciate your expert opinions here that have happened pretty much exactly as you said they would. Great to have you on board here, as painful as it may be for you in the end like the rest of us LOL!
I would be willing to contribute what I can and try to raise some funds among my family and friends that own shares here to help your cause. I always thought you might be a very large holder and seemed very pleasant with integrity. I’ve tried with lawyers on a minimal basis recently and haven’t got great feedback but still waiting on a call back from a lawyer in Tampa who said he may be able to take this but wants more details. Not sure what purpose I could serve in helping besides funds that I can put together between family and friends however I know there are options on the table through BA at the very least right now and hope we can figure something out.
I myself do not think we will be treated fairly here at any level and I think that has been made clear to us through the TRO and other actions (or lack thereof) that have taken place here over the last year and a half. Please let me know if there is anything we can do here and I will try my best as I have a decent amount of shares that could be life changing if shareholders were treated fairly here.
Imagine this was trading after yesterday’s rumors. Could have seen .50 plus. What a lost opportunity.
I think more than .18-.20 was warranted in those particular circumstances. They have a lot more going on here than other bio techs that run to very large market caps in quick time. I agree that something has to give here otherwise this downswing will just continue. We already have to make up 120% to get to all time highs just a few months ago which is tough to do. However with certain news it can happen in a trading day or 2. Maybe at this moment there is just nothing substantial to report but hopefully it turns around.
However what sense would it make for those controlling things around here to include UOIP shareholders in any future spoils?
Not “could convert”.... would. Maybe some just don’t understand how to read filings. Regardless I’m holding although not very happy with the latest quiet period. I guess there is just not much to talk about right now.
I would assume the inventors know lol so I trust it
.50+ on hype easily.
LT and ZW mentioned this. They both seemed to think this could be substantial and I think even mentioned that this could mean settlement talks.
Goodbuddy’s last post here on the board was 1 year ago from Friday. Pretty crazy if you think about it that everything seems to be coming to an end 1 year from his last post. Hopefully Friday being the anniversary of his last post will bring us some sort of favorable news. Heaven sent and wrapped for his friends here on the board.
Except that now the money moved much quicker to UOIP which is not favorable for us given the circumstance.
Yeah hopefully. Have my doubts we will ever even find out the amount. This sucks.
I guess we should have expected this right? So with your expert knowledge would you assume it’s a global settlement? I kind of doubt it due to the willful infringement against Comcast unless they already baked that value into the settlement to give Chanbond a little carrot to get it settled.
If he agreed pre-trial why would they have even went into trial?
Yeah they ran this out all this way with little to no real effort to try and win the case.
Wonder what happened to Carter being up for dinner and drinks. Took the settlement to get out of town? We will see.