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I’m sure Billy knew
Yep. I always wondered why he issued the stock when it seemed to me he didn’t need to. I feel that he is comfortable doing this because he now knows his case is extremely strong. I just don’t know how I will get my money out
This is exactly what I think happened
I wonder if delisting would void the agreement between the inventors and Carter?
Good point
Further, what does he care if this ends up private? He is not going to issue anymore shares.
I am wondering why he would care if we trade on the Grey’s or not. If he is not trading his shares what difference does it make to him? Just asking out loud.
Writing it off in my mind
Ok. I’m done now. This will play out whatever way it will. Writing off the investment. Hoping that this will resolve positively but not expecting that. GLTA
Has anyone on this board had investments in halted shares? If so did it work out ok in the end?
How many halted tickers have u invested in? Did they recover?
Are u certain about his ownership structure? Which 10q or 8k explains his ownership structure? This guy has been involved in too many of these to allow this to happen particularly on a case of this magnitude. Something is going on
I owe him an apology
That is my hope. I’m just not certain that it will play out that way in the Penny world...
So if he never resolves this issue who gets the money after a settlement?
Just looking for an answer to the question posed
So we all have approximately 600m shares that appear to be worthless and Carter has 900m shares that appear to be worthless. He still owns the patents so if there is a settlement of 1b tomorrow who gets the money?
Can a stock recover from this?
I haven’t sold any but I would at the right price
I’d have a hard time turning down 3.4 m if given a he chance. I just know I wouldn’t
If and when he is certain of a big settlement I would offer to buy back shares far lower than a buck a share to see how many I could get back at a much lower price. I would sell all mine at .40 cents.
I get why he would do it but I bet he regrets issuing the shares in the first place. That just an observation
The whole concept seems goofy to me. He sold the shares and received something in the 5m range and he’s now going to buy those same shares back for 400m. Doesn’t sound like a good deal for him. He would have been much better off taking out a loan
I guess maybe that is the case but based on his track record he didn’t appear to need it for this transaction. It’s possible that he has several of these going on at the same time and this is how he finds these in total
Maybe this is a stupid question but I’ve always wondered why he issued stock in the first place. I originally thought it was to fund the litigation but he could have gotten the lawyers to take this on in a contingency. So now based on what you describe he will pay 450m to buyout stock that he may not have had to issue in the first place.
Bought 150k more today. Couldn’t help myself
Thanks!
What I meant was logically there was no possible reason for this court to decide to allow this to be appealed. I believe that the highly connected lawyer that they hired worked behind the scene to win this decision. This is when the games begin
Didn’t say it wasn’t going well. I was wondering what this decision would have on the trial timing and share price.
I had a feeling that this wasn’t going to go the way everyone thought it should. I’m not sure what impact this will have on the trial timeframe or share price.
I got what u were getting at. The stress level is high right now
Buzz killer
I bought 200k more today. Felt good
I smell gold in them there hills. I’m buying more
This is my biggest worry here.
I’m gonna get my mind right one we settle
I hope so too. I think it’s going to be hard for Carter to turn down 800m that doesn’t have a risk for appeal. We will see
I think we are at least a lock for .50 share price given how I think the insurance settlement will work just prior to trial. An insurance settlement keeps this out of the appeal process. They will settle given the potential magnitude of the trial outcome. They will chase Arris after the fact for contractual liability on this.
I haven’t seen the actual demand. Does anyone know what he is asking for?
Do you really think that corporations the size we are dealing with in this suit are not going to have coverage for this exposure? This is covered in their general liability policies and their excess coverage follows the terms of their primary coverage