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It is definitely a good price. But we don't have anything solid chronologically to figure out when this will pay off. Patience at this point...
Not really and yes. But of course that's just my opinion. We need good news tomorrow regardless, just to set goals and cross off accomplishments (if there are any that can be disseminated at this point).
Hopefully, you just don't see many companies test the 200 and break through on the first try after a long time below it. We shall see.
Bought CLF Sept 25 puts today to see the test of 200MA.
Hindsight....
"The ability to write 7800 contacts had to come from another institutional entity. I will let Nolerman or someone else expand on that."
Well, I'm gonna plagiarize our conversation from yesterday here. There has to be another institution involved. The options likely came from a willing partner who received the premium on selling the puts. The rub lies here...the stock was likely propped up by another institution buying up the shares that HB sold on the open market at much cheaper prices, and with the $5.4MM free shares, both companies likely made money hand over fist. It's a crazy dance, but it makes sense just as much as any other. I'll be watching HB moving forward and buying puts or shorting the hell out of whatever their next venture happens to be.
For the time being, those that are the sellers of options (calls) will be making the most money. Once some solid dates are set for litigation and the underlying SP can gain traction, those tables will turn. Right now, I wouldn't even consider a bull call spread as we have no set catalyst for bullish sentiment yet. We need two main things to make money on options. Stock price and volatility. It will come in time, but DSS needs solid metrics on two fronts before that can happen. Revenue and the most basic aspect of litigation...time tables. I'm still very positive on this company, just looking for confirmations on both fronts.
Dude has skills. No denying that. Just pray thee doth not smite thou. Good night fellas. I'm out for the night.
Disregard. I was sent this by a good friend. Good to know and thank you (insert friend with first initial P and last initial Ostyle)
"Item 8.01 Other Events.
The registrant may, at its option, disclose under this Item 8.01 any events, with respect to which information is not otherwise called
for by this form, that the registrant deems of importance to security holders. The registrant may, at its option, file a report under this
Item 8.01 disclosing the nonpublic information required to be disclosed by Regulation FD (17 CFR 243.100 through 243.103). LINK
For accounting and financial reporting there is...
Form 8-K Amendments
Section 409 of the Sarbanes-Oxley Act added new Section 13(l) to the Exchange Act. New Section 13(l) obligates public companies to disclose "on a rapid and current basis such additional information concerning material changes in the financial condition or operations of the issuer . . . as the Commission determines, by rule, is necessary or useful for the protection of investors and in the public interest."
The Commission voted to adopt amendments to Form 8-K to require public companies to furnish to the Commission releases or announcements disclosing material non-public financial information about completed annual or quarterly fiscal periods. These amendments will not require the issuance of earnings releases or similar announcements. However, such releases and announcements will trigger the new requirement. The new Form 8-K requirement will apply regardless of whether the release or announcement included disclosure of a non-GAAP financial measure.
Public disclosure of financial information for a completed fiscal period in a presentation that is made orally, telephonically, by Web cast, by broadcast, or by similar means will not be required to be filed, if (1) the presentation occurs within 48 hours of a related release or announcement that is filed on Form 8-K; (2) the presentation is broadly accessible to the public; and (3) the information in the Web cast is posted on the company's Web site.
The new rules and amendments will be effective 60 days from the date of their publication in the Federal Register."
http://www.sec.gov/news/press/2003-6.htm
Don't apologize... It's common knowledge they front run IP investments, but what you just shared is excellent info. The strategy they use is perfect to follow the leader for future ventures of theirs. I appreciate the time you put into this DD. You are an asset that is appreciated and welcomed in my book. It's next to I possible to find a man capable of this level of info on any investment. Glad you are on the side of the "good guys."
"As several posters have stated in the past, including myself, postyle, and even Chas just earlier this morning), materiality is not set by the SEC and is by no means quantified by the SEC. It is strictly left to each registered company to determine on their own. "
Can you share the link so I can read up on this? I'm not aware nor do I have a direct source to justify it. My understanding is that the SEC is the end all be all for the subject, or at the very least sets the tone. I haven't seen a link to otherwise say different. I was not aware of any leeway in the subject. I was also under the impression that the governing body for all things investments was the authority. Thanks for your reply and I look forward to the info. If this is true then all comments on this web sight and other media are rendered moot and have no relevance in prognostication. In other words, a company can say "it's not that important, we chose to keep it under wraps and move forward regardless of how the public investor perceives any subject as relevant or not. Good luck making money on our financial happenings because we dont think it matters even though it moves the needle significantly on SP.". Just seems unlikely. Thanks again.
This HAS to have something to do with the terms of the NDA. I found more settlements than I care to read that were all IMO minuscule and were filed within 4 days of there settlement dates. There is no definition by the SEC as to a numeric amount that would predicate a "non-material" event in this scenario. There is however a provision which prohibits these disclosures in the event of certain NDA stipulations. Again this is all IMO, however this makes no sense and the SEC does not stipulate any $ amount as a precursor to material event filings. If someone else has a little nugget saved in their cache that says otherwise please share. I'm exhausted from reading all morning and I'm throwing in the towel.
http://www.sec.gov/answers/form8k.htm
I count for "material" events that would qualify for this event. There is something we are missing here.
Yeah...so is Obamacare, taxes, and my wife's sense of fair play. At the end of the day the gray area of legality is unbelievable, but you can't really hate the player in this situation. Good on you if you can make it work. Can't say I wouldn't do the same given the resources. Have a good weekend my friend.
My initial reaction is that they likely had such a low cost basis on their common that any selling still registered a healthy profit no matter what level they were sold at. Now, that being common knowledge, their next move would be to leverage this position further through puts. So....they by a ton, sell their existing common to virtually create their own market and make a fortune on their leveraged positions, while still profiting on the shares sold. IMO, They rationalized this move by assuming worst case scenario, they profit from the common on the way down, and should it not go low enough to effectively profit from the options, they could exercise their right to buy those shares at a discounted rate, and fill up on shares that were cheaper than the prior SP and still not have to open their books (assuming this number was below the threshold set by the SEC) and make money on the ride back up, and still be court side for the presumed 40 hold of a $5 stock price to attain the shares in escrow. No matter how you cut it, this would multiply their ROI juxtaposed to simply holding. This is all assumption on my part. Wish I had the kind of cash to legally created my own market (and ATM)
I would sticky this post if I had an extra one laying around. It's great advice and appropriate for a pre-revenue IP company.
I would save yourself the time and scroll through Chas' older posts dating back two months. The guy is the DD king and has been very transparent with his findings on the board. GLTU
The force is strong with this one
Correct. The only thing to do now is wait and see. You can guess what will happen until you're blue in the face, but nobody can predict what the judge will do here.
I'm in options....straddle
I do, but the question is how the market will react. Will it push to new his or be a "sell the news" event? We shall see.
"One thing for sure, new management does not know how to communicate well in the public world so far."
This is true, and for a good reason. These guys have not had to do this in the past, nor wee they expected to disclose such things. They exist and serve a purpose for one thing...they pick fights, and win handily. They will get better as time moves on. If this is the worst problem we encounter its a good one to have (as opposed to having a problem with monetization of patents)
"I just find it very unusual for a company who claims that an NDA precludes them from issuing any public statements even acknowledging that a settlement was made (keep in mind all we are talking about here is a broad simple statement like what MARA puts out that simply addresses the "yes we did" or "no we did not" question and does not provide any further details)... ...and then turning around and making public statements via email to an investor/journalist. Typically, from my experience, if an NDA says "Don't talk about it", it means exactly that and applies regardless of the medium."
I don't doubt that the company is required to be tight lipped right now, we don't know and we won't know until such time they can and are willing to inform the public. This rocking chair discussion is pointless and will just cause more frustration than is necessary. Delay is likely IMO (I know you are a big Markman advocate so this may change your investment strategy here), however the broad strokes still paint a pretty picture and the company looks strong moving forward. I could be wrong here, but I don't think you are doubting the terms of the NDA, rather the source from SA reporting it and their assertion of conversation topics with management. I could be wrong, but I also am familiar wight the source and I get it. Either way, lets get an upswing here through next week and get some traders in. GLTA and I'll check back in this afternoon.
If it were only that simple....
By that logic, 18 more articles and this will be where we need it....start writing guys
Yeah, an uptrend would be fantastic right about now.
"The difference to me today was that I saw a tom of afternoon buying."
Well duh....you took all day to get your order in ;)
And that target would be? Please share with the class
Odd price action following a strong Q
IHS pattern coupled with a good Q and this takes off. $90 target here
Once DSS gets some traction it will be something that makes jaws drop. Patience is still the mantra. I'm letting this one develop and feel comfortable with my position.
3D printing has my attention as well these days.
Had a small position....hindsight
Picked up SPEX last Friday and sold today for 178% gain (also an IP play).
Straddle on KORS, GMCR, LULU
Still Long FB (Sept Calls) since week and a half ago. May sell today and reevaluate for entry again
Trying to figure out a play on TSLA & TSN
Denial I guess. I do what keeps the wife and daughter in Gucci
Just realized I may have a personality disorder after re reading that
Thanks for the welcome. I'm not really a true trader by definition. During earnings season I definitely earn that stigma and end up with anywhere from 1-10 trades a day (options only). I have a "buy and hold" core portfolio that gets evaluated once a quarter, I have a "volatility" portfolio (also options only) which can be traded once a day or once a week depending on the swing of option premiums on the given stock(s), and I have a speculation portfolio where anything truly goes lol (VRNG would fall in this category, however I'm not an investor at this point). I need a lot more clarity before I pull the trigger there. Good luck my friend and thanks again for the welcome.
My intuition says that the judge gives both sides time to respond to the order prior to ruling on the RR issue. In other words, I believe this will trickle back down the information vacuum until we hear something solid. JMO though
"I may not be posting as much since I do not see much need to dribble on unless I can add value to the conversation. (Plus I am in the middle of several very fast movers!)"
Ditto my friend, money is a flowin' from earnings season on some of the big boys.... Can't keep still these days! DSS will come around eventually, no doubt in my mind
"—not repeated a few months apart, especially now that plaintiff has the same counsel in all three cases, which involve the same patents."
And there is the reason for change in counsel.