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I think there might be some more short effort as they know they will be some more tax loss harvest before year end. This I believe those who tax loss harvested will start buying back in by mid to late January and the shorts will be looking to get out of their short positions early January knowing that buying is coming. January should be a pretty good month for NLST just in terms of rebounding on the clueless selling/shorting over the past 4-5 months. Not to mention we finally got some good news for a change and it should only start rolling in from here on out. Going back to the PTAB was one of the only curveballs we could have faced that brought the SP down. Hopefully we can get some momentum in January and really get the value back to where it is supposed to be.
I'll say $1.52 close. And potentially $2+ close tomorrow. Has been some pretty strong buying today and usually when the move is confirmed as it was today that bodes well for the following.
Nice consistent drip as usual on tiny volume.
Pre-Market also posted around .75 on Friday before sky rocketing for a 30% green day. So I don't know if they pre-market indicators are anything worth paying attention too.
Hopefully we can stay in the right direction today.
Even with a modest agreement between the parties - the SP would have easily approached $20-30 PPS. The financial state of this company and their continued growth is very encouraging for potential investors, but the constant hit to the financials by way of costly litigation and the unknown whether there will ever be an agreement between the parties is really souring shareholder's positions - not to mention the huge short position and interest right now because shorters realize the huge gains on the table due to the discussed factors. Hopefully the man comes to his senses. He's done a great job in other facets, but this litigation has been largely mishandled.
I will say, this entire process should shine some light on the very flawed system this country has in terms of protecting the rights of patent holders. This country is really sending a message to all of it's inhabitants that we do not care about innovation in this country as we will protect the big corps who steal from the little guy by offering them an out in the PTAB where they can delay into oblivion until the company is cash poor and goes away.
Pretty sad times we are living in where the country of opportunity has given a clear message to it's citizens that we will not support innovation in these lands.
Maybe this should be a new topic in the election process in all major political offices - it won't be if no one takes action.
Exactly, he is giving them scraps and they are shutting their mouths and taking what they are given. Idc how old I am, I would never let a fool like Carter walk over me. They just showed with this latest filing that they have no will, that is pretty saddening. They deserve the scraps they were given.
Hopefully we get MTI. It's the last hope. Pretty sad it's come to this. Walking away without shedding a dime to shareholders.
I think many of us do not find it strange because we knew it all along. Hopefully this puts to rest the point of following those who are claiming CBV (the poor little fellows who created the patents) are honorable upstanding men who are in this fight with us. Clear showing here that they are 100% against us and being played like fiddles by Leane and Carter as they have been since day one.
Hopefully this is a showing to the court that there are real issues to look into in fairness to shareholders and upholding the justice system in this country. If not, then all hope for this system is lost considering shareholders have no protections in our court system.
I picked up another 2k at 1.17 yesterday... should have known to wait as keeping this pace we will be 2-3 quarters by next week LOL. What a clown show this has been. Crickets from Chuck still. Wonder how low it will go before he decides to take action.
You do realize NLST is public because they require an option to raise financing when needed, and when they demonstrate to the public that they could care less about communicating with shareholders - then they will have a very hard time executing on that option which, quite frankly, has kept them alive to date.
And if the top doesn't care about communicating to shareholders - let that be a lesson to anyone planning to buy NLST that they could care less about your investment so move on and let this heap fall into oblivion so they can have a hard time getting any type of financing for their century long lawsuit.
Great post. Yet we still have claims that $125 million was all that was funded, at the very last minute at trial where the 13 gave up, LOL!
Chanbond was willing to release details on the $125 million number through the BS arbitration, yet refuses to unseal to present. Weird logic to believe that there is not more to the pie when actions are taken in that manner.
If karma were a thing, Carter would already be behind bars. This is not his first rodeo. And it likely will not be his last unless the Judge does what is right here.
Yeah wouldn't be surprised one bit. That's all this stuff is in our legal system, and no regulation to hold these Judges accountable.
I don't know what is more depressing, that we lose 3-5% a day in our value here at NLST because of lack of direction from the top and lack of information being shared, or that it will take 2-300% gains for probably the majority of shareholders here back their original investment due to the faucet that has been left on for 2-3 months now.
Be nice to hear something from the top about the direction of the company and what their plans/goals are given the recent destruction of shareholder's holdings here. Or they just do not care, which speaks volumes to those holding anyhow on how you can expect to be treated here.
Well the selling is pretty heavy today, looks like that "goes below $1 dollar it's over so the faucet is off" comment will be put to the test very shortly LOL.
How low can this thing go with the continued pounding by short interest? Wonder if a short squeeze could be in the works within the next couple months given the unlimited amount of short interest there seems to be and pending updates in the works for their current suits.
Not to mention the financial health of this company has been progressing Q over Q for 2 years running. This is a value buy at this point given the short pressure, but wondering how much lower this can go before they finally let up.
Unless if Cox settled for $125 million per advisement from their supplier who indemnified them and that same supplier had a separate deal contingent upon the settlement with Cox to buy the patents outright.
There are other plausible scenarios, but $125 million being the only funds gained on this asset is probably the most unlikely scenario.
Regardless of how one might feel about opposing council, they have been very calculated in their efforts to mislead shareholders and as many can see from reactions on this board, it has worked for many.
Not necessarily. Where did she come from? Seems pretty coincidental she shows up just now claiming the confidential statement in the settlement agreement, wouldn't you say? Where has she been for all of these months that it's been made public? Shows up right as shareholders are on the cusp of intervention for unsealing of documents.
She is basically fortifying Chanbond's position that the documents should remain sealed. This obviously has other merits as this shows the Judge that opposing council released confidential information in breach of their settlement agreement.
Just find it very peculiar she shows up right in time, while having been missing for all of these months since they released the $125 million number.
Sorry for what?
I'm not sure how many times this has been discussed here. If there are problems with understanding what is written I cannot help with that problem.
I have said all along that the $125 million could be correct, but only for a settlement - whether the settlement is a global settlement across all cable companies or not is another story. I will try one more time to explain this:
Global settlement:
- $125 million settlement awarded to Chanbond by ALL (13) cable companies named in the suit.
- This $125 million settlement would be mostly be covered by Cisco/Arris due to their indemnifying their customers which offers protections to their customers in their supply agreements.
- Very likely a separate deal in place contingent upon settlement of the suit - transferring ownership of the patents to another entity (likely one of the suppliers Cisco/Arris). This definitely occurred, at least in terms of the transfer of ownership of the patents, as Chanbond no longer owns the patents.
Cox Settlement:
- $125 million settlement awarded to Chanbond by Cox Communications.
- Again, this $125 million settlement would be funded by suppliers who indemnified Cox in their supply agreements.
- Again, very likely a separate deal in place contingent upon settlement of the suit.
Is this not easy enough to understand that $125 million is very likely not all that is on the table? This can be easily considered by the value placed on the patents in terms of a per unit basis. The damages were in the multiple billions as zomby agreed all along from considerable available information which was shared endlessly on this board. How could all of this be true, yet Chanbond lawyers and their decision makers waited until the 2nd day of trial after the defendant asked to settle as their case was obsolete? And taking into consideration the value placed on these patents by approved valuation expert testimony. This is very simple stuff that some choose to ignore.
In conclusion, it is highly unlikely that $125 million is all that Chanbond received for the patents. On the contrary, it's very likely that there was a separate deal in place contingent upon the settlement, which transferred ownership of the patents to another entity (likely one of the suppliers of the units), who realized they were on the hook for a ridiculous amount of cash especially given Comcast's willful infringement. They made an intelligent decision in buying the tech so they could both A. Charge licensing fees to all other suppliers/users of the tech, and B. Relieve themselves of current and future liability from Chanbond and proceed with business as usual with no conflicts.
There are many details that are pertinent, one of the most important in my opinion is that the Court could have ordered (per law) for all users of the tech to temporarily cease operations with the tech until the settlement was finalized - this of course would be a devastating decision to all parties including everyday citizens who use the internet. Therefore they had a lot of pressure to settle this thing once and for all. Buying the tech they sell everyday made the most sense and they likely got a discount, given the fact that we can all see Chanbond lawyers and their decision makers are trying to get away with the $125 million being all that is on the table for shareholders to take part in. Think about it - $1 billion split amongst a couple parties, is a lot better than $2 billion split amongst all of us. And they thought they would get away with it, and yet they may - however I'm glad we have some who are fighting that circumstance, and very upset some support that circumstance.
Looks like more trouble for Deidre and Carter and their legal team.
This sounds like a confirmation of the $125 million number for the settlement at least. But that does not confirm anything in terms of potential sale value of the patents outside of the settlement.
If there was only a settlement for the suit, why have the patents changed ownership? Chanbond lawyers settled out the case and relinquished the patents for the $125 million? Unseal that information!
This should open Judge Williams eyes in terms of all the charades from Deidre, Carter, and their legal band. They were after Rader for possibly sharing information THEY sent to Rader while they are sharing information that has been declared by law to be kept confidential at this time. Seems like hypocrisy at it's finest and hopefully the Judge takes note of this.
As he should be easily able to see there is a lot of weeds to dig through in this case and there are many people hurt financially in this circumstance. Why let the cons get away scott-free?
In other words they have 24 hours to doctor it up and decide what they are willing to release, however the settlement figures get to remain redacted and any numbers that could be reverse calculated to determine the settlement/sale figures.
What is the point of ordering unsealing of information if it does not release the total amount? Not sure what the purpose of unsealing any information is without figures included. Seems like a big waste of time.
Interesting stuff right?
"Please Judge, do not make us release any information regarding the funds obtained from the patents we sold on behalf of UOIP. It is not fair to us that shareholders of UOIP know what the patents were sold for."
"Shareholders - the settlement was for a measly $125 million. There is nothing leftover for you guys to share in. Thanks for your substantial contributions to our case and getting us to a point where we could provide these abused patent creators some crumbs after our mouths were full. Regards, Billy and Deidre"
Here is to hoping for intervention.
This would not matter anyhow, CBV suit is still pending after our potential intervention. However, I do agree they have come to some sort of agreement. But as we all know an agreement with Carter is pointless anyhow unless he is handing over cash the same day. Not to mention, find it very hard to believe that this is just coincidence that they finally come to an agreement right before they see intervention by shareholders is a very real scenario now. Shows they are concerned about having to answer for all the actions taken.
All I see every time we get a little momentum they blast tons of shares at once to cripple the price. Clear shorting motivations on this one. And nothing positive will come as they continue blasting this thing daily while we sit back and wait on years more of PTAB and nonsensical delays in court.
This thing just gets crushed every single day. I am not sure I've seen a stock perform this poorly in the last year or so. The shorts are all over this thing. Could see a real short squeeze if people stopped giving in and providing available shares to cover.
Unfortunately the small critters get crushed by the behemoths in these circumstances. Hoping NLST will be on the other side of statistics. Not looking good.
They have shorted this at will and taken it wherever they want. Pretty amazing how easy it has been and such short amount of time.
Someone knows something like what? That this thing is done for? Can’t even hold a $300 million market cap LOL. Those holding this are real idiots.
They gave shareholder's legal representation zero information requested. They were looking to waste time and did not act professional in any manner. That will come out in this next hearing.
Let's get down to the bottom of this. That party of lawyers holds every bit of information close to their chest. They just so happened to release confidential information in this case by accident? Then demanded it be sent back with confirmation that the information was destroyed? Give me a break. That was by design to muddy the waters. This is easy to see and that is why the new Judge has done the right thing and given it the time of day unlike the prior inept Judge who listened to everything Brauerman and Cohen has to say without reading the filings and factual information presented to the court.
I'm sure Rader who would have had to fly into Delaware for this hearing would have also appreciated some advance notice. I have a feeling this has something to do with the opposition - who have shown their true lack of professionalism all the way through this circumstance. Wonder if they will ever be penalized for their child-like antics.
Seems Mr. Cohen will have a hard time "putting two and two together" after this is all done LOL!
Pretty insightful for those who still believe in a $125 million global settlement number.
Suing Cox for $133 million, yet decided to settle with ALL parties for $125 million total... Seems pretty skeptical when also bearing in mind this ran all the way through to the 2nd day of trial where Cox gave up. Also bearing in mind the Chanbond lawyers and Carter/Leane want to play hardball and keep everything sealed.
Those claiming that everything is already confirmed regarding the $125 million settlement amount are, frankly, wrong. An arbitration charade does not confirm anything, especially when that party refuses to unseal everything to show us real confirmation, and has done some things that could really get them in legal trouble in an effort to continue to keep everything sealed.
By the way. We were suing Cox for $133 million, and they were probably 10-15% of the amount of what Comcast ALONE would've been, especially taking into account Comcast's exposure to willful infringement multipliers.
Not to mention, what was the point of waiting to get all the way to the end of trial where the defense asked to give up and settle to then sell the patents for $125 million?
As stated, they can continue saying that they SETTLED for $125 million all they want with no penalty, because they likely settled with Cox for $125 million. So that would make their statements technically true. However, no mention of the additional compensation for the sale of the patents. This is where the meat of the funds are found and I think everyone here can agree - the $1.3 billion asset that was added to Cisco's fins in July have something to do with UOIP. It's too much of a coincidence.
And if not, why not unseal? Why such an effort to keep everything in the dark if they have already made sure to leak the settlement amount in the arbitration, apparently "by accident". Lol this is seriously stuff of comedy, and some actually believe it.
Apparently there has been a consistent and steady bear raid for a year now (look at that nasty chart). Unfortunately for me I really believe in the product they own and offer to the market. I'm long here and clearly not walking away at this point. I think there has been some poor decision making here from management, but it is yet to be seen if I am correct or not on that. I, too, think NLST should have worked to uplist - but I also understand the reasoning not too as the lawsuits are considered lucrative. However, as proven again recently - these big techs can drag you out for many years even when you think your nearing the end. PTAB process sets this back another year when we thought we might actually see trial early next year potentially. That means another year of litigation fees (horribly effecting the bottom line quarter after quarter), another year of risk of the patents getting prior arts instituted, and another year of concentrated shorting as everyone can see how easy it is to push this thing down 20-30% in a week. Like taking candy from a baby, LITERALLY.
Good luck to us, obviously Chuck has more information than I do, but so far this route has proven very abusive to shareholders.
What a blood bath. This thing is done for. More corrupt nonsense with big tech and their endless PTAB shenanigans. A growing company with a real business model, real tech that is used in a major way across the tech world and it can’t hold a $500M market cap.
Your work here is much appreciated, and quite frankly, unmatched on this board. Appreciate your dedication to keeping UOIPers informed.
What you were told and what is reality are much different.
Why did Bentham receive 20-25% net of attorney fees if the case was on contingency? More hogwash that the opposition can’t get their lies to add up with each other. They are lying for a reason. And that reason is very simple. I’m not sure how this is confusing to some.