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2 mms to .40..eom
Green by lunch imo...eom
AAGH -> Double today...eom
ALAN going to fly...$1 by EOD?
ALAN - huge news just out!
SOLM -
Will continue to smoke. Next stop $5.
http://stockcharts.com/h-sc/ui?s=SOLM&p=D&yr=0&mn=3&dy=0&id=p54601153844
SOLM - Possible Billions in Revenue?
If they settle with Toyota on the patent infringement and Toyota decides to give them $2,500 (peanuts) per Prius and Highlander sold. If 1.5 million vehicles are sold by 2010, we are talking almost $4 billion in revenues.
Or maybe Toyota will buy them out. Looking at that revenue figure above, say Toyota tries to buy them out for $500 million, figuring that is a cheaper way to go.
$500 million / 28 million Outstanding - $17.85 share price. I doubt SOLM would go for it that cheap.
http://stockcharts.com/h-sc/ui?s=SOLM&p=D&yr=0&mn=3&dy=0&id=p54601153844
SOLM - Possible Billions in Revenue?
If they settle with Toyota on the patent infringement and Toyota decides to give them $2,500 (peanuts) per Prius and Highlander sold. If 1.5 million vehicles are sold by 2010, we are talking almost $4 billion in revenues.
Or as you say, maybe Toyota will buy them out. Looking at that revenue figure above, say Toyota tries to buy them out for $500 million, figuring that is a cheaper way to go.
$500 million / 28 million Outstanding - $17.85 share price. I doubt SOLM would go for it that cheap.
Am I way off here? Thoughts?
SOLM - gave it this morning. Smoking...eom
SOLM - Huge buys...Busts $3 today?
SOLM - Going to $10+. Low O/S to boot!
SOLM - Possible Billions in Revenue?
Say they settle with Toyota on the patent infringement and Toyota decides to give them $2,500 per Prius and Highlander sold. If 1.5 million vehicles are sold by say 2010, we are talking almost $4 billion in revenues.
Great post on SOLM.
Payout from Toyota would be huge. Insiders buying as well.
To help some new investors in Solomon Tech. The facts are simple. Solomon has been working with hybred gas/electric motors way before anyone came out with a hybred car. They mainly used their technology in boats.They have patents for their work in this field.
Now Solomon discovers that Toyota is using their technology. So Solomon goes to a group of people that specialize in patent infringement. Solomom dis-assembles a Toyota Prius hybred transmission in front of this patent company and compare it to their "wheel" that Solomom has the patent on since 2001 and they find Toyota is using their technology on the transmissions of the Prius and the Pathfinder. (Toyota's only hybred cars)
The next step is to sue, a David vs Goliath situation. Solomon doesn't have the cash for a big lawsuit like this and Toyota is well aware of this. So the President of Solomon makes a deal with a business associate whom agrees to finance the lawsuit for 40% of any settlement. This associate of Solomons President must be sure there is a patent infringement before commiting to pay for enormous legal fees, he has actually seen the ' GUTS " of Toyota's transmission side by side to Solomons patented transmission and the WHEEL.The transmission is the key to the hybred car.It determines wether the car runs on gas or electric power.
Now Solomon & associate must find a law firm willing to take on this "David vs Goliath" case.Once again a very large firm agrees to handle the case, we have another believer in Solomon Tech.
Now the next step is to prove to a Judge that this case has merit and get a docket number.Solomon Tech.accomplishes that and a trial date is to be set.Now Solomon Tech has been getting strung along by Toyotas delaying tactics, so Solomon makes the decision to take their case first to the International Trade Commission (ITC).This is also not an easy task as the claim by Solomom Tech. must have some merit in order to get a hearing. Once again Solomon succeeds and a hearing to stop Toyota from importing their hybreds is set.
Now a Judge has set settlement dates all to no avail. I personally feel that if Toyota was not guilty they could easily prove this by deposing Toyota engineers and proving their innocence, but the case keeps dragging on. Now, if Solomon doesnt win at the ITC hearings the lawsuit still continues.
The next step would be a trial in Solomons own backyard, being Tampa Bay, Florida. As a matter of fact the ITC outcome cannot determine a settlement or financial penalities anyway. If Solomon wins and quite a few groups of people have agreed with Solomon for this litagation to get this far then the payday should be huge as would be the gains for Solomon stockholders st.buy lt. hold for verdict.
SOLM CEO was on Squawk Box..
Back in Feb. '06. See the video link. He says Toyota owes them some $$$. Maybe a settlement is coming before it goes to trial. Insiders buying a chitload.
http://www.solomontechnologies.com/index2.html
Huge insider buying...
At SOLM. Was it due to the acquisition news just released or maybe they will get a positive settlement against Toyota. See the last paragraph. I wonder if SOLM is on the right side of this if Toyota would not hand over a couple hundred million so that they could continue to sell the Prius and Highlander vehicles. Could get interesting.
From old news release:
TARPON SPRINGS, Fla., April 28, 2006 (PRIMEZONE) -- Solomon Technologies, Inc. (OTC BB:SOLM.OB - News) announced today that the U.S. International Trade Commission (ITC) has scheduled the hearing on the patent infringement complaint brought by Solomon against Toyota Motor Corporation (NYSE:TM - News), and certain of its affiliates, for October 30 through November 3, 2006. The ITC acts as an administrative investigative body to determine, among other things, whether or not goods imported into the United States infringe U.S. patents.
If Solomon is successful in its ITC action, Toyota could be prohibited from importing into the United States infringing combination motor and transmission systems and those products containing such systems, including the Toyota Prius and Highlander models.
SOLM - thar she goes!!
SOLM - will close over $2 imo...eom
tpsytrvy, you are a loser...
http://www.investorshub.com/boards/profile.asp?User=78608
From now on I will call you Eyore...
http://www.geocities.com/EnchantedForest/Mountain/3121/Eyore.html
tpsytrvy, you are a loser...
http://www.investorshub.com/boards/profile.asp?User=78608
From now on I will call you Eyore...
http://www.geocities.com/EnchantedForest/Mountain/3121/Eyore.html
Email from the CFO...
I will be buying more...
Dear Mr. xxxxxx,
The Company's note sales and the terms have been widely publicized since
March 2005 and the filings were thoroughly reviewed and approved by the SEC,
the Company's audit firm and SEC counsel.
We are seeking less expensive money and looking to build shareholder value.
Please note that two of the Company's officers each own more than 10% of the
stock.
Sincerely,
Kurt Streams
Chief Financial Officer
IGIA, Inc.
16 East 40th Street
New York, NY 10016
IGAI -> Boing..eom
First post here. Thanks for joining us.
I will verify this. If you and your "group" are incorrect, I will be forwarding your post on to the SEC.
Nice close..
Bid is stacked and only 3 MM's to .014.
IGAI - NITE, ARCA now pushing bid..eom
ARCA 99k now on the bid? hmmm.
IGAI finally turning?
IGAI moving back up..eom
Don't know, but hold on now...eom
6 to 7..eom
Just a hunch...
But I bet we get news after the bell. :)
My current buy..
Placed a 100k buy at .011. They filled 5,000 and jumped the bid/ask. LOL, no fill in 6 minutes...
Sellers gone...no trades for 30 minutes...
agreed. 15% drop on 1 million shares? LOL..
I own almost that amount..
Incredible...
I laugh how all these posters show up here on a down day posting doom and gloom and this is a POS. All they are trying to do is get everyone frustrated and just give up and sell. Notice how they are not here on the up days? Hmm...
If the 8-k was so bad, then why was the drop on such low volume? 22 million is not much. I look at it this way, I own close to 1 million shares and I am sure a group of 5 posters here probably
own more than what was traded today. Imo, patience will win out here. Funny how you try and buy and they jack the ask up .001 or .002 and give you 5000 or 2500 shares, lol.
Today's drop was on lower volume than yesterday's gain. Good sign imo.
From the filing:
Capitalization. As of the date hereof, the authorized capital stock of the Company consists of (i) 1,000,000,000 shares of Common Stock, of which 99,869,058 shares are issued and outstanding.
Outstanding still under 100 million making the market here only $1.7 million. Yahoo shows float at around 75 million. Anyone else here think most of that was gobbled up on that 200 million day? I think with the volume so low the last couple days shares are hard to come by. Notice any buying pressure like today and it jumped from .016 to .018.
This is a nice hold to see how this plays out. I was in TRLG and UGHO for pennies and watched them run to $1 plus. Same thing here? We shall see.
Nice try. Try again....
IGAI - will close green imo..eom
ONMC -> shell w/ $500k market cap. Can move big...eom
ONMC -> shell with 700k market cap...news coming imo..