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I think so too
I’m picking May 2020 as the settlement timetable
I’d have a hard time hiding that kind of win from the wife
Don’t misunderstand me. I think we are a lock at at least that amount. It can go much, much higher depending on how this plays out.
Just being conservative. I am always wary of the deep pockets and the politically connected. I’ve seen so many things come out of left field in the legal environment over the years. That’s where the 15percent comes from. I have a good sized position here and a .40c settlement gets me solidly into retirement. Hoping for much more than that
85% chance of a win. Range between .40 and .75 per share
I don’t expect the Cisco appeal to be resolved til late summer or into the fall. After that the judge will look at setting trial 6 months out from there IMO. I hope it’s sooner
I would expect the trial date to be 6 months after the Cisco appeal
From my experience negotiations at this stage are basically probing to see where the parties stand. Things will get much more intense 30 days pre trial. We probably won’t see a trial scheduled til summer of next yr so May of 2020 is when things will get interesting unless Billy accepts a low ball offer in MHO.
I thought the judge was going to rule this way. This was going to be aa appeal after trial if this was not allowed. I think the judge is closing their escape routes after trial
Forgot. March 2020
.01
Zombywolf gave me a heads up
Set up my specialneeds son for life
.10
This is just my opinion as to how this is going to go down. If Billy doesn’t agree to any settlement offers pre trial the other side is going to offer a high low deal before the trial starts. This won’t happen til a week before trial. Billy can accept or reject based on how he views our chances. If he doesn’t take a high low deal then we will have to wait til all the appeals are done if we win in the first trial. My guess is he doesn’t want to deal with that.
That is exactly right! We are in good shape one way or another. I’m going to keep adding to my position
Could be. I’ve just seen many cases with similar characteristics go this way. Just trying to provide the nuances of the litigation process that I’ve seen play out
Sure, a high low agreement can be used in situations where the two sides have not come to a settlement agreement pre trial and there is potentially large dollar exposure to the defendant at trial. The defendant will attempt to get the plaintiff to agree with this if they view a more than 50% chance of losing at trial. The plaintiff may agree if the can get more guaranteed than what was offered pre trial. This would be the low amount guaranteed regardless of outcome at trial. For this guarantee, the plaintiff agrees to a cap award if they win which give the defendant a manageable amount of exposure. My take on this particular situation is that there has probably been $500m put on the table which probably was rejected by Billy. He probably will agree to 800m as a low guarantee and 1.5 to 2b as a high guarantee pre trial. I think the case is strong enough that he would push to go to trial under a high low agreement. The defense side would want this to cap their liability with the potential to pay much less if they win but marginally more than what they offered as a settlement pre trial. This is why I believe we are good for at least .40.
It’s my professional opinion based on 30 yrs of doing this. I don’t see any way this doesn’t payout at at least .40 whether we win at trial or not.
I run a liability division of an insurance company. Many cases play out this way
It will most likely a high low settlement agreement where they still go to trial but the max for the defendant is capped but a lower settlement amount is guaranteed to the plaintiff if the defendant wins. This protects the 13 on the high end and protects us with a minimum guaranteed settlement amount. I se us winning no matter what at this point but just not a run away amount
Why didn’t I sell when I heard the first lie? I hope I’m not saying this over and over again in a week
Lost several hundred thousand on this stock. I took a very hard look at what the future holds here and decided that I have no confidence that the situation will improve with the current leadership. Moving on as I believe the value I have left would be better utilized elsewhere. A sincere good luck to those that remain positive with this company
What exactly do you believe? That he submitted it two days ago? That we got the 10q yesterday like he said? Or are u saying u just believe the bs?
Don’t believe your lying eyes, just believe what I say...he tells us it’s going to be on time, then says he fell asleep then submitted it and finally we should have it yesterday. Stinky pinkies that survive don’t operate this way. I still own stock here but I’m pulling the rip cord if we get 1 more bs text
Part of me really would prefer a win at trial to find out what the actual award will be. Any settlement would be done under an ND agreement just like the Apple case. How would the shareholders ever find out what the settlement is under an NDA?
Steve swore up and down that the numbers would be out on time. The ramifications of not filing would mean that everything else he said was bs. That would mean that this is no different than any other stinky pinky. Hopefully it doesn’t play out that way.
I’m worried about the appeal judges
This is my major concern as well. The politics have powerful potential. I’m sure Billy is keeping that in mind as he maneuvers through this swamp. He may take less to avoid the potential mess.
I hope ur right but I see corruption in every aspect of the legal and government sector. We are truly David vs many Goliaths here. I would love 5 bucks a share but I would be happy with .30 a share and avoid the corruption
My sense is that we pulled a good judge at this level. My fear is that they will work the system to get their judge at the appeal level. This is going to take a while. This is why I think Billy May settle below 1b
Do u think there is a chance they just shut the doors since this didn’t pass?
I don’t think the lawyers will get 40% on this one. Usually their take is a sliding scale downward from 33% based on the size of the award. In this case if this goes over 1b then I would est that they get in the low 20% range.
Having a mission allows us to take the valleys a little easier. Best of luck to you.
I picked mine because I trade to increase income for my special needs son. I have to make sure there is enough money to cover him when I’m gone. Uoip will help a lot with this
I’m his younger brother. He is comfortable to have his family in on this investment. I have several million shares in this and am very comfortable with what is going on here. He is just letting folks know that everything is going to be ok as long as we settle or win the case in court. Nothing major has changed other than losing the last bit of our liquidity. GLTA
I’ve known Z for 57 yrs. except for cheating me out of paper route money he has been a straight shooter
You are on it Geegee. Lots of potential but lots of open issues. The oddness of this deal requires a good amount of communication. The weird thing is that the company seems to want to talk specific individuals rather than issue broad communication. This style creates a lot of suspicion
I second this. The problem I have with all this is that folks bought 700m shares with the faith that the stock had liquidity . It was no secret to Carter that the CEO was sick. It was also not that difficult to keep the financials current but they were not. There has to be another reason that we got to this point other than Carter didn’t want to bother with keeping things current. Now we have the questions that Renee is bringing up that others certainly have been thinking as well
I sold 2m shares. Trimming back my position a bit. I had about 9m shares. Not willing to keep that many in a delisted stock.
Ram. How many of these have u been they?
Well both of us will get an education as to how this one plays out. I’m fairly certain it will not play out how any of us expect it to. GL.