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I'll answer your questions one by one... but first... Just so we're clear, here is the post I was responding to:
"Personally, I am not interested in being part of an organization to go after infringers internationally, just give so much a share of what we won yesterday for my investment in UOIP and I am happy.
The rest is like you said above is a pipe dream.
Besides, I am too old to wait for anything else"
1. Yes, everyone is entitled to their opinion
2. No harm unless it affects sentiment or reduces the value of everyone's shares
_________
Ok, now let me try to be a little more clear in what I was trying to respond to. He does not want to go after international. So.. that's fine, but then that means he ABSOLUTELY should be for re-listing. I totally get that people don't want to wait for years to get more money.... I don't either... but He's saying give me my share of this and I'm happy, I don't want anymore, I'll go away. That's not an opinion. WHat harm does it do if he gets a check 5 years down the road for an additional amount? Will he not cash it?
Frankly, I think we are all a little worn down by this thing and don't want to be thinking about another case that could drag for years....Totally get that, and in fact that's how I feel too... but I do vehemently disagree with any "opinion" that throws away future economic value for no apparent gain. If we re-list... then those who aren't interested in waiting that out( a perspective I'd fully share) are welcome to sell or donate their shares and still capture a part of the economic value. If we don't relist, same thing, except we're all sitting around waiting and maybe our heirs get the additional funds instead of us.
I really don't get where one would disagree with me here. If you hold McDOnald's stock and it does well this year, it's not like you're going to say... "Well, this is such a great year, just give me this dividend and forget the rest for future years"... That's not even... possible. I mean, you could donate your shares, but unless you do, you still own them, and own the rights to whatever profits/returns come from them.
I must have really done a bad job of expressing myself the first time because I just don't see where anyone wouldn't see things this way. Am I missing something?
For those who don't think we should relist, but think we'll go after other infringers.. My question is.. How do you expect to get paid on that.. or do you?
I don't like the mindset that has seeped in that somehow this is it. Carter has no more or less right to this settlement than one 20 years down the road with some company in another country. We are owners, and our rights now are just the same as what they'll be in the future. If we get a final payment and it's completely dissolved, that means that all claims are void and no one can try to enforce them.
THe idea that Billy could just go off on his own and pursue this further astounds me. We don't lose any future rights just because we won here.
To be very clear, this is the focus and this is where we'll get paid.. It's just the principle of the thing that's throwing me off. RElisting or not.. why wouldn't we share in future profit/settlement just as much as we will now?
Well then....
Based on our results thus far... (that Tony was self-employed)... unless there are over 10 million people on this board...
the "99.99999%" number is not accurate.
ANyway, the idea that a business is being run here is silly anyway... It was just a court case. Lawyers already get a cut, so do inventors. They don't need payments. Billy was not a lawyer on the case. Aside from signing off on a settlement, the last few years probably haven't been too taxing on him work-wise.
I don't disagree with you... it does seem improbable... but then... what is the alternative.
Billy cannot just give us a one-time payout and go after the others on his own. We own this company and we own a share of anything won from anyone else via trial or settlement.
Nothing is a 'dream' at this point. We won. I don't care about re-listing, I just care about getting my fair share from this or any future settlements. How it comes to me.. I really don't care... but from a practicality standpoint, nothing makes it any more of a 'pipe dream' than a new company listing and selling stock. Nothing is out of the realm of reasonability at this point... Nothing that its, except us getting cut out of what we should get.
In short.. I couldn't care less whether we re-list or not. It's not a 'dream'... just simply one way of many for us to achieve full value. ANy of those ways work for me.
Why are you thinking that re-listing wouldn't make sense? The big barrier cited before has been cost. There should be no cost issues now... right?
I know BIlly told ZW and BBB that the text last month was his last communication to shareholders. Might it be worth trying him back now?
THere is nothing stopping him from releasing info. The settlement is done. If he wants to take the high road and show that he plans to honor shareholders rights... then there is nothing keeping him from issuing a PR today.
Yes, I'm sure there are NDAs... but at least an announcement from the company that we won, and a note to other offenders that we are relisting and coming after you (or whatever we plan on doing) would be nice to see.
I'd guess his inbox is full... but worth a shot?
indeed.
I'm in the "I hope we see our fair share" camp.
On a person/human level, I am happy for these guys (inventors) and love to see them win.
However, on paper and as an investor... I believe they are no more entitled to their fair share than we are. Of course, their share will be much more so don't misunderstand me here.. I'm just saying that once the initial excitement wears off.......I won't be happy or feel like justice has been done if we don't get what we're entitled to.
Frankly... if we lost and no one got anything, I could have lived with it. But we didn't lose.. We won... If everyone else gets $$$ and we see little to none... that would not sit well.
OUr excitement should not lead to complacency, and hope should not replace action. Now is the time to work to ensure that we still view this as a good result a year or two down the road!
This is really a great story sir. Congrats for your success.
What an awesome example. WHen they make the movie about UOIP you may get a knock on your door. That really is the American dream. So cool to see.
Count me as one of those.. I think I mentioned this before, but I noted it in my portfolio but it was so low in the alphabet, I didn't find it again until about 1.5 years later and that's when I bought in.. Just in time too, as it got delisted a few months later.
THank you to everyone who contributed to this board and kept hopes up.
really appreciate it.
Want to specifically reach out to folks who haven't been around for a while and are just coming back. Please stay in touch and be ready to share your info in case it is needed.
What a great way to start the weekend. Exciting to see some justice and exciting to see the rule of law still have some weight in this country. THere are those who would try to convince us that people trying to enforce their patents is a bad thing. It is not. It is the opposite of anarchy. Today was a great day and hopefully the first of many.
Woohooo!
That would be much ado about nothing. Even if the decision was made a month ago... the decision is the decision... right?
I'm just saying that... I don't know if it going up to the last minute is a great sign... Not saying it's 'bad' exactly.. I still think we get approval and I still think the market is way underpricing it... I just think that one possible reason for a delay (certain conditions we theoretically can't meet) isn't good for us. While the chances of that reason being a factor may be slim... they are also surely better than zero.
Blah blah blah.... July 15 can't get here soon enough. IN fact, maybe it's 14... I haven't done the math lol. Just glad to know that things will be settled next week.
Good luck to us all!
My only concern with a last minute decision is that it seems to make approval less likely (?). If the Ri_DEM put conditions on Med and simply said that they have until 7-15 to comply, then it makes sense that a denial is coming but wouldn't officially come until we've complied.
I'm certainly hoping this isn't the case... this is just a thought. I know many of us didn't expect this decision to go right to the last minute, especially with all the pre-work and back and forth that went into it.
Is it standard for them to wait the full 90 days regardless of other factors? If so... disregard what I just said! :)...Have a good weekend everyone!
I'm curious why we haven't seen more traders around here the past few days.
No real run up related to the 7-15 decision. We saw huge volumes and low supply back in January and I don't see where it will be any different upon approval. If I had spare funds, I imagine I'd be loading here, even if I planned to just (hopefully) flip most for a quick double or triple.
The market doesn't love uncertainty, but in this case it's surprising how much the market discounts the stock based on it.
________
Little poll for you guys.. Let's say we get approval end of day 7-14. No conditions (that haven't already been met), just approval.
Where do you think we end the week in terms of price per share. Anyone want to throw a number out there???
Props for your #2 there. Did you have to look that up or did you know it?
Denise Lopez was a consultant for years. It would not be so out of left field for her to have been hired to drum up opposition here. I'm not saying anything bad about her.... She's done a good job whether she's paid or not. I doubt the groundswell of opposition, or even the legislation, would have happened had she not been so active in getting people riled up.
To what end? Not sure. If she's a hired gun, she'd have to have known that the legislation isn't going to impact us.
You are my new favorite poster here. I really appreciate your perspective on this zoning stuff...
My personal theory is that if a facility can be located in this area, it can be anywhere. Perhaps this was chosen to demonstrate that it is safe.
If you're opening up a bunch of these things in super-bad areas (let's say a nuclear waste zone, for instance) then maybe it gets associated with those things.
Locating it here shows that it's normal industrial activity ( except safer and cleaner!)
Thanks again for your posts sir. I think you were a better mayor than you give yourself credit for! :)
A monopoly sounds great, but I get the sense that we were going to be maxing out on the loads either way. There is so much need here and in so many places that whatever RI does shouldn't matter in the long run.
The silver lining of all this drama is that this is our 'moat'. Who is going to see what we went through and want to do it? We have the blueprint to get this done and will be able to show what no one else can... A successful facility.
Once this is going.. we can direct resources and efforts to the two solar facilities, to the mobile medrecycler units, the proprietary panels..... and to uplisting.
One week left. We've had virtually no volume in the last few days relative to the 100's of millions of shares that traded in Jan. If/when approval comes we know volume will go up 50-100x. Last time folks cashed in and sold because they knew it wasn't the 'real' approval (unfortunately, I did not) but next time, I think people will on average be holding a little tighter. If demand is the same.. this could really soar.
I guess my point there is. monopoly or not, I think we're lined up great from a supply/demand perspective with both our product and our shares.
Good luck to all!
Continues.
There are too many steps to get to 'soon'. A settlement is just one of them.
A full conclusion could be far off.
Was that 'Mich' on purpose or a typo. Whether this specific facility gets approved or not, I think there are plenty of opportunities for us in the future, and if funding goes well, no reason we can't do many at once.
Whether or not this goes through... you should get in touch with Nick and get started on setting up another!
I saw it too.. Nick said it wouldn't apply.. I think Jk1 posted it this morning.
WHen the approval comes, the company needs to get that message out loud and clear that we are a safe, legal, and approved facility... and the law has nothing to do with us.
It may not apply, but it could put a damper on a nice run if people misrepresent it.
Legal ground doesn't have a lot of sway these days. Look at what happened with fannie and freddie. Government forced them to take on bad loans, then wrote down the value of their assets, then took the companies away from shareholders under (documented) false pretenses.
I am all for the rule of law, but it's not as simple as you're making it out to be.
I hope our facility goes through and gets grandfathered in, so I'm right there with you on that... but the idea that this would be an easy court win??? I've seen far too many of those go south to know that nothing is a sure win and even when it is, sometimes it's a pyrrhic victory.
All that said.. best of luck to us.
it's not the city... the state passed it. We'll see if the gov signs.
I'm sure they'll rush it over there if it makes a difference. If it applies to us, I think we're in for a drop. Hate to say that.
Hope what Nick said before is correct, and that we're grandfathered in?
https://www.ecori.org/government/2021/7/1/general-assembly-passes-bill-with-strict-limitations-on-high-heat-medical-waste-facilities
Legislation passed in RI. SNPW had initially stated the facility would be grandfathered in. We'll see if that's the case.
You mean because the reddit group is about to hit 1,000 members... or is there something else going on? ;) ;) ;)
according to that, short interest is virtually nil here ( scrolled to the bottom).
Too bad, would have liked to see a squeeze on the way up.
I guess any gains will be legit ;)
So my guess, and this is just a guess... is that the rule change had an impact on us.. I am in another ticker that applied but then had the uplisting denied because of some toxic debt they had 'resolved' but not gotten off the books completely yet. Not quite our situation, but I believe we did issue 5 or 10 million shares to the marketing firm we hired recently, or something like that.
I really don't recall and none of it was a big deal. Too bad.. would really be nice to get an uplist/UL/Med approval around the same time.
Seems possible, but I have to believe we would have heard about the uplist by now if it was going to be approved.
We'll see...
This is the best post I've read in a while. Well done sir.
I agree, but I think it's reasonable confusion.. I mean.. if they post panels without context, it's reasonable for someone to think it's theirs...
So I think it's less about people getting confused, and more an opportunity to be clear with the posts.
Great company and you're right... So many irons in the fire, it's tough to keep track of everything.
Last day of June, and July is (hopefully) going to be amazing!
New Tweet: (In response to why we are showing pics of other companies' panels)
"We are in the process of building solar farms and posting products we will be using, we are showing quality and technology. We did the same thing a few minutes before with the trackers."
They're probably just the ones being used in Durango/Australia.
Exactly! I was thinking the same thing.I'm trying not to get my hopes up because we've been waiting for so long.. but putting specs out on the panels really has to mean we're close.
I know the chances are slim, but I'd LOVE to see Med approval and UL Certification on the same day.
Who knows where we could top out???
Agreed.
I agree that it's more undervalued than 50%, and I agree that the potential here is paper... but just didn't want to come across as pumpy with price targets that would seem wild to those not familiar with the company and the path we're on.
If people come to those conclusions on their own ( as many here have) then great!
I just liked the idea of getting info out there and getting the reddit group onto this one to make it harder for the shorts who drove it down to cover. If someone bought for 3 cents and flips for 5 or 6 cents, then they did well.
If and when we get approval, assuming it's not during mkt hours, I doubt there will be time to sell for that low anyway. I think the first trade is probably over 10 cents. Those who bought in for a flip will be forced to make $$ whether they like it or not lol.
GL to us all!
I was comfortable with the $2.00 risk.. I thought it was interesting and just wanted to remember to follow it.. Saw it in the portfolio today and figured I'd ask :)
Looked interesting but I kind of figured it would drop. Best of luck to you guys, sorry for those who lost.
I bought $2 worth of shares last year. That position is now worth $0.
What leads you or anyone else to believe that this will be turned around without another reverse split?
Thank you for your insight!
Thanks! I had to delete and re-add a couple of times. Too bad because when I initially added it we were at $0.03, and now at $0.045 it looks like a less bold call. I believe the tweets are what is probably driving that :).
I started off just bored and reading through the comments, but I found some of the content pretty interesting and I really wanted to put it out there for discussion.. so I figured I'd write it all down! I also love the idea of WSB type folks making some coin on this ( as opposed to the whales) so I wanted to get the info out there before the big news hits. I really don't like the idea of shorts being able to cover millions of shares cheaply, especially if there are some inside sources they hear about approval from a day or two early.
Thank you!
I used 50% for approval chance, and $0.10 for a price if we get approved.
Just for the record, I believe our chances are better than 50%, and I believe we'll go higher than $0.10. However, I used those low #'s because even there, I believe it shows we're undervalued ( I initially wrote that over the weekend when we were at $0.03 :)
I didn't want it to look like a pump piece so I really tried to stay low with the #'s and focus on content. In retrospect, I probably should have made that more clear.
Thanks for your thoughts.. We'll know soon!
todays tweets were awesome though. :)
Yeah this stock is going to be getting a ton of attention in the coming weeks. Less than 1B shares out there, so shorts could get squoze a lot quicker than they're used to on the OTC.
People don't love traders but I'm glad you brought it up. If someone buys at 5 cents and flips it for 20, that's great for all of us in my opinion even if we think it's worth more.
I'll love it when they pounce on this. I'd much rather see the funds in the trader's hands than in the shorts' hands, and I think their trading will expose how little supply there is here.
Here is the DD I wrote the other day and tried to post elsewhere. Didn't work apparently lol. Anyone is welcome to take some or all of it and use/repost as you see fit. GL everyone!
Getting right into it, SNPW is a solid, short-term opportunity. This is a binary stock, at least for the next month. SNPW has a couple of solar farms in process, has a patented non-glass panel that is 40% more efficient than what's on the market, and creates solar powered bus shelters. I became especially interested in this stock because of the CEO, Nicholas Campanella, who put his money on the line for the sake of shareholders ("Mr. Campanella has further pledged personal property located in Manalapan in excess of $1,000,000")
These are all good things, but for the next 3 weeks, they will not be the focuse of the market.
Right now, SNPW awaits the decision of RI-DEM (Rhode Island Department of Energy Management) on Final Approval for its MedRecycler facility. This facility will be funded by tax-advantaged private bonds, and SNPW will not carry any debt, but will own the rights to roughly half the profits through its 51% ownership of that facility "Through MedRecycler, LLC, the Company currently owns fifty-one percent )
I am going to narrow my focus to whether this gets approved or not, and then some price scenarios of each potential outcome. RI_DEM issued an 'intent to approve' on January 11th. This is a great sign for holders, and the market reacted well, sending the stock as high as 34 cents in the days following. However, next came the hearing and comment period. We recently finished a comment period (4/15) and will hear a decision by (7/15). Because the public comment period was the 'latest' item to take place here and had a significant impact on price and perception of approval, I'll focus on that.
You can see all of the comments at the link
below http://dem.ri.gov/programs/benviron/waste/medrecycler/pn-medreycler-comments-received.pdf
For some context, The faciliy is in West Warwick, but close to East Greenwich. West Warwick will get the tax revenue, Easy Greenwich will not.
East Greenwich. Population~ 13,000
West Warwick. population~ 28,700
There were about 450 comments, most of which were against the facility. I did a random survey of 10 comments and from what I observed, 8/10 came from East Greenwich residents (Diane Pg 169 East Greenwich, Kathleen pg. 359 West Warwick, Leonard pg 525 East Greenwich, Andy pg.697-711 East Greenwich (town council), Roger 825 West Warwick, James 258 East Greenwich, David 205 East Greenwich, Katie 364 East Greenwich, Jonathan 343 East Greenwich, Donna 180 East Greenwich)
It is worth noting that out of roughly 40,000 residents of these two localities, we have negative comments from roughly 1% of them. I summarize all that to provide some context and perspective before we delve into the content.
One of the most vocal opponents is Denise Lopez (who is from East Greenwich) Her comments are page 143-165. Here are a couple of excerpts from Denise to RI-DEM to make my first point
"If just even one person had done their due diligence with this project you wouldn't be in this position."
"Did anyone at DEM do any research on pyrolysis before issuing an intent to approve?"
"They came in the same way Medrecycler is trying to , under the radar"
"Especially in this age of COVID, considering the relatively new and unique use of
Pyrolysis for the disposal of Medical Waste, I would question whether or not RI DEM
even has the ability / expertise to thoroughly and safely evaluate the proposed project."
"WE ARE URGING DEM TO DO THEIR JOB"
I don't mean to minimize Denise's concerns or say that these are a fully summary, but I chose the quotes because the highlight that Denise is emotionally invested in getting this rejected. I understand this, but it isn't going to sway the RI-DEM. They are a science-based organization looking for "substantive" responses, and I don't believe these quotes fit the bill.
Additionally, she is has questioned RI-DEM's standing/ability, which, in a strange way, would be proven accurate IF they decide to reject the application now, since they issued the intent to approve months ago. Microsoft Word - MedRecycler-comment SBF edit 6-15-20 (002).docx (ri.gov) Because of this intent to approve, it would be embarrassing if they have to go back and say "Oh, because of a comment on an item we got that we had completely missed that says we have no authority we've now changed our mind". It just doesn't sound plausible.
Last, there is a recurring issue that Denise maintains that this is 'incineration' and 'burning waste'. This is a common theme across the comments. By RI-DEM definitions, it isn't. In (very) short summary, MedRecycler's process is a two-step process that uses high heat (but no oxygen) to 'gassify' solids. As a second and separate step, those gasses are then burned. While it may feel like burning/incineration to Denise... the first step, by definition, is not.
This is key because the presence of oxygen and the 'burning' is the basis for much of her concern. The issue with the second step is that burning gas is generally considered harmless. This is an industrial zone. Gas is burned in residential zones all the time (Home Heating, grills,stoves) and so it would be very difficult to make a rule that keeps MedRecycler from burning gas in an indistrial zone but allows people to grill in a residential zone. RI-DEM understands this, and also knows that a big portion of the opposition (understandably) does not. Whatever the decision is, they are unlikely to be moved to change their minds by people who either don't understand or misrepresent this process.
A second opposing viewpoint can be found on pages 697-711. This was written by a lawyer for East Greenwich on behalf of the town council. He lays out some very convincing-sounding points, but it's clear, even from what he wrote, that these things have been considered by RI-DEM before. The entire 'rebuttal' to this can be summed up with what is stated on page 699 "In discussing this with legal counsel for RIDEM, it was suggested that the term “solid waste disposal facility” as used in RIGL 23-18.9-9(a)(1) should be interpreted to be effectively synonymous with the term “landfill,” making this requirement inapplicable to MR"
The entire argument that this lawyer makes hinges on the idea that this facility should fall under the definition of a “solid waste disposal facility". All future pages with steps, additional approvals,etc. hinge on this issue. RI-DEM has already issued intent to approve based on a different interpretation, and has already addressed his concerns as you can see from the quote above.
The prior two things quickly summarize the opposition. I would add that the Attorney General of Rhode Island has also expressed concerns "https://www.providencejournal.com/story/news/2021/04/15/neronha-criticizes-regulatory-process-medrecycler-proposal-and-calls-stay/7237411002/"
We'll call this 'opposition' but it reads more like an attempt to appease constituents like Denise. Among other things, the AG of Rhode Island wrote:
"“While the unknowns of the proposed Facility should not necessarily preclude a project solely because it is first-of-its-kind, the novelty of this proposal merits close scrutiny and strict adherence to relevant regulations,”
Frankly... anyone would say this, even those who support the facility. RI-DEM has taken great pains to address concerns, with their FAQ sheet among other things Rhode Island DEPARTMENT OF ENVIRONMENTAL MANAGEMENT, OFFICE OF LAND REVITALIZATION & SUSTAINABLE MATERIALS MANAGEMENT . I don't believe there's anything more than 'fluff' here. It may sway or drive sentiment, but it wouldn't ( nor should it) affect RI-DEM's decision making process.
Long story short, this has been a years-long process with hundreds of pages of applications, multiple reviews and conditions. I's have been dotted and T's have been crossed. The opposition is vocal, but it is also a minority (especially in West Warwick where the facility is located) and more importantly, it is based more on emotions, and irrelevant items ( such as property value concerns) that either aren't relevant to RI-DEMs decision making process, or are in conflict with conclusions they've already come to about impact, than on the type of thing the comment period is meant to address.
So, quickly.. let's look at what happens in a 'denial'. This company at present is worth $40million dollars. I believe that, for whatever reason, the chances of approval of MedRecycler is essentially being priced at $0. SNPW, the parent company, has two solar farms (Mexico/Australia) in the planning stages, has a patented non-glass solar panel that is frankly more exciting to me than Med-Recycler, and has pretty neat looking solar Bus Shelters. Furthermore, if MedRecylcer gets declined, the MedREcycler model can be still be utilized elsewhere in the country, and the company is already in talks to do so regardless of this outcome. I believe good things are going on, and that a case could be made for the current value without MedREcylcer, but I'll assume the price drops to $0.02.
We know a little bit about what happens in the 'positive' scenario as we can look at the price action in January when 'intent to approve' was issued. THe stock traded as high as $0.349 cents on January 25th before settling back down, largely due to the issues above and concerns about denial. If full approval comes, then it's entirely reasonable to think that the stock could eclipse its highs from January. Conservatively though, I believe it's better to chase the 'low-hanging fruit'. While the price could exceed the former high, I'd rather focus on the lower price points for this discussion and consider anything beyond as 'icing on the cake'. If approval comes, I would anticipate the following on the first full day of trading after this is known.
$0.05 99%
$0.075 97%
$0.10 90%
$0.125+ 80%
I believe the price should exceed $0.125 ( I give it an 80% chance) but I'm just going to use $0.10 as a conservative target and for the sake of this DD at this price point.
So, if we take 50% of the value at $0.02 in the 'denial' scenario ($0.005) and take 50% of the value in the 'approval' scenario ($0.05) and put those together, that gives a fair value right now of $0.06, which is over a 50% increase from where this stock is trading now. Unlike most penny stock situations where this vague 'value' could take years to materialize... in this case, we will know by 7/15 which of these two scenarios will play out. While it is a risk, it seems to be a great opportunity price at below $0.05, either for a longer term investment, or just a flip (If one does plan to hold less than a year and flip, I suggest an IRA so that there are no short term capital gains taxes on this trade). I own shares and plan to hold for a while and pledge to hold all at through an announcement of a decision from RI-DEM.
I did a really long DD post the other day actually... I don't think anyone has read it ( no pun intended :)) yet.
I read through a lot of the comments about MedRecycler and came away thinking we're in a good spot.
I'm sure there will be more DD and stuff if/when it's actually approved... but I wanted to be on record at these prices.
GL everyone!
couldn't have said it better. There were a lot of us here who held through that. I know I did. Didn't stick it out this long only to cave when we're so close to the finish.
Approval is going to be insane. Can't wait.