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Definitely heavier trading than we've seen lately. Viva la resistance
My question at this point is, do we already think this stock has 'eaten' the 90% pain of the reverse split dilution? Its now down 90% from the high on the year and the only real negative reason is the RS/AS 90% dilution factor. So will we find a new bottom here until further news? Outside of the RS/AS what else does solomon have to talk about right now? They've admitted that the lackluster stock performance is at least partially to blame on their lack of communication. When will this communication issue be rectified?
zzzzzzzzzzzz....
This stock will be a bore until there is news on the trial or on the RS.
What exactly is so good about the letter? I read the whole thing and I didn't feel any warm and fuzzy feeling at all. Certainly wasn't the part where they explain that 'maybe' the current low price has something to do with them not giving any updates about any future plans and that the litigation is not part of their "ongoing operational strategy". So they admit that the price is low because they refused to talk about anything... or at least that's their theory.
I wasn't able to get through the whole thing, but I thought it sounded good for Solomon. Of course we're biased towards Solomon so not sure how others would interpret it. This was a joint filing from Solomon and Toyota over the issues at hand in the case and Toyota sounded very dismissive as if there are no issues and lets just get it called off already which is very unlikely. I honestly don't think Toyota put enough effort into this report from their side and that is good for Solomon.
Thanks!
Reading a bit so far and one tidbit I noticed was this...
"In any event, as explained above, Solomon is free to raise new claim construction arguments to this Court, such as with respect to the power conversion means limitation, which this Court must consider. Whether or not Solomon’s previous counsel erred in the ITC by agreeing to treat the power conversion means as a means-plus-function limitation has no bearing whatsoever on whether it is such a limitation when the issue is properly considered."
"In short, Solomon’s goal here is simple—to get things right. If prior mistakes were made regarding the law or the facts, they should be corrected."
have you had a chance to read it yet? anything exciting? I'd like a copy please if you can send to toastamatic at shastada.com
Thanks
Dilution to this extent is probably inevitable but much easier to swallow than the potential of going to 500m shares post RS. So figure if the RS splits and even if it takes to 50m shares that should give at us at least a 6-10 cent share price at today's valuation which we all know is ridiculously low. So if it does the RS and can hold in the 40-50 cent range which I see as more likely then they can bring in some good funding to move forward and may not even need to dilute to 50m shares. This should give this stock more life in the coming weeks going into the trial and into the RS.
Good luck all, I feel so out of touch over here on the west coast for business for the next week. Not used to waking up to an open market ;)
Yes, I wish it held into the .007s though. It was nice to see it back up there. I'll take a day in the green to end out the week anyway. Here's hoping for more green next week. Really the negative news seems to have been weathered and hopefully we pick up more steam leading up to the trial date.
I'm well aware that things are not rosy. Its just an observation of just how much has changed in the last 2-3 weeks on here.
We are where we are right now, and it seems like everyday unveils a new piece of the puzzle and there is no right answer now. I understand that the goal here is to try to guess the future to make smart investing decisions but from what I can gather, its very much up in the air with this one. Perhaps that is why so many are venting their ideas.
What i find amazing is that this forum has changed from everyone being excited over these patents to arguing over just how bleak the future may be. The company seems like they have the goods to make a good return for us, but the position they are in financially may just screw us all. That seems to be the consensus right? Depending on the financial shenanigans they may either dilute us to death, fold and 'magically' reappear as a private entity or just keep on trucking and making us happy.
I still believe they dilute us to death more so than the other avenues, but this thing is an enigma right now. I can't see justification to further invest in this stock and it looks like many others feel the same way as the price plummets because of all the uncertainty.
Maybe Obama will come along and save us all... or we just write this one off and wish each other luck on our next endeavors.
Bright spot in a gloomy week... seemed to have a strong finish today. Its all speculation at this point whether this baby has wings or will crumble. I was always confident that the company has good future prospects but my only concern is that my investment will be devalued before they realize that potential. What i really need to do is back away and stop paying attention then I'll worry less ;)
Especially as they start printing new shares at 1 dollar by the millions.
If you look through the statement you also see that many of the insiders have stock options available to them in the millions of shares at very low prices. So once the RS happens they too can exercise and reduce our equity that much more. There is zero to be gained by this RS if the other shares looming don't get reduced drastically. Lets face it, our current positions will be worthless a month after the RS so if it indeed happens bail ASAP. The market will immediately be flooded with new shares after the RS that dilute us into oblivion.
That said, how do we vote on this? Should I be receiving instruction from my trading company? in the mail?
It seems they gave away their intent when they clearly show their desire to continue to dilute after the split. There is very little chance barring a huge revelation that your option 2 comes true.
If they had any intent at the first option the RS would come after the promising developments. As i see it this is the most negative bit of news they could have possibly released right outside of closing up shop and dissolving.
Assuming a split of .01 to 1.00 how long do you think this thing stays anywhere near a dollar? it'll be back to the pennies in a heartbeat when the dilution continues.
Right, are we going to hear the lovely story now on how great dilution is to us the shareholders? If the RS goes through they will just continue to dilute to their hearts content as they clearly stated they would in the release. They plan to reduce the number of shares from 300m to 3m then continue to dilute up to the 500m they claimed in the release. Making the shares we currently hold completely worthless (as if they aren't right now).
While i don't doubt this is possible. Is there any direct correlation between the stimulus bill and business with Solomon? Other than being in the sector that should see benefit, they still need to get going on implementing a solution that is marketable. Would be interesting to see how the bill affects similar companies and if Solomon can get a piece of the pie.
Thats wonderful news to hear. The bigger the outlet this is displayed on the better. I'm still hoping for a journalist or blogger to do a full writeup on this company and their new patents. I think the PRs are great, but something that more fully explains the impact and direction would be really something! Oh well, I'm certainly happy and feel more and more confident in my SOLM play.
Wow, right back to .012 ... I tried to acquire some more cheap shares this morning but missed out ;( oh well, nice to see it strengthening... I hope we don't get a chance at any more .008's in the future ;)
Just an idea, but when you see articles like this that have feedback of some sort, give a comment or rate the article or whatever the site allows you to and add your 2 cents. Generate a discussion of the technology rather than just the PR. I'd like to see what some people out there that aren't solomon investors think of that technology so I plan to post on these things just to see if I can get some replies and discuss.
I understand your concern, but regardless of the buy in I think its good to be in, and I'm afraid to sell on action thinking it may not come back down to rebuy later... If it drops I'll push in as much more money as I can muster, but I probably won't buy in anymore > 0.01 just because of my financial situation. Not to say that you all shouldn't hell I wish I could ;)
I understand that, but I'm hoping it comes... otherwise it has a chance to fade away and people will take their profits and go home. Seeing how this won't be productized quickly, we need a champion for the technology in the press or technology company somewhere that will harp on this technologies chances for success.
Lots of publications printing the news release is wonderful to help exposure. Has anyone seen an actual article that comments or adds opinion to the article rather than just copy/paste the PR? Just wondering if we'll start seeing some people vet this to see what they actually think of the technology and its chances. Its great that the PR is out there and making the rounds, but the next step in the process would be for some reporter to be intrigued enough to ask around and do some interviews and do a comprehensive article about Solomon and the technology.
Amazing day, amazing PR... only a week after us complaining about no news; here we are. Great news and this technology looks very good. Hopefully it gets implemented fully and marketed properly. This little company that can is doing some very innovative stuff that will help in the long run. The big day today will turn a few heads this direction and generate a renewed interest that will drive us that much further. Really 4 million market cap at this point is still ridiculously low. I would imagine there are companies out there that would pay ten times that for this patent alone they disclosed today.
Only problem is if people stop buying at these prices. If we keep buying up all these cheap shares then they can't break our will ;)
Yeah, so if he picked off 25k and I wanted 100k (and couldn't get it) then there is <74k at most left from this seller. Thats based on my simple deduction ;) So it looks like this seller has dried up. Now the question is, will it start moving up again as these cheap shares are taken off the market? Lets get up up and away!
Seems the seller is almost out of shares? I have a buy in at 100k@.0078 (AON) and no takers for almost an hour now.
Alot of those were mine ;) 300k more at .0078. Bringing me up to my 1 million goal.
I'd like to see it slide back a bit ;) Just to pick up some more. I just made some sales yesterday to free up some cash and now I'm hit with a 30% gain? Awwww, I wanted more shares! :(
Thats my plan too... I went from 500k -> 700k today and will hopefully get to 1million before the run starts. Just need to free up some cash to invest.
Curious to know how many shares some of you guys out there have? I've been accumulating for the past 2-3 months down here under a penny and just trying to figure out how much is a good place to stop. Picked up another pile today and hope to get one or two more chunks in before things pick up. I understand some of the analysis here as far as the value if SOLM wins, but I think the win will be more superficial than financial in the near term as there is very little chance that Toyota will just hand over a billion plus dollars. I see this more as a revenue stream that will immediately be opened up for charging fees for new units, but the valuation will be more determined by that possible revenue stream rather than the lump sum.
As I see it there are a few possible outcomes, but most are positive for SOLM and for us. With the dilution of shares, however, even a win will have difficulty pushing this thing over 1 dollar a share.
I decided to finally sign up today after lurking for the past few months. Just wanted to say hi and best of luck to all of us here.