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LOL, didn't take long to catch up here. Missed like 8,000 posts and ya'll still talkin bout the same things that we were talking about back then. Im a new buyer - GLTA
Let's make some money! IDK how much you know that noone else does FWIW.
Been awhile since I checked in here, still holding stock (why IHNFI) Hope this issue gets settled before the expiration date of the patent. Probably already posted. Sorry if so, but I do think I'm gonna buy a few more at this level. GLTA
https://register.epo.org/espacenet/application?documentId=ETF4MC592325915&number=EP96923352&lng=en&npl=false
Good enough for me! I don't really care to be honest, so long as PPS heads north.
NeoMedia's counsel indicated that NeoMedia believed that the claims of the Asserted Patents do, in fact, cover image recognition and digital photography techniques that do not scan or otherwise "decode" the image being scaned.
Pops, I suspect that you may have already done your homework, but the 048 patent publications clearly discuss optical character recognition methodologies.
*********************************************************
40. The system of claim 37 wherein the means for reading a light pattern emanating from an object and demodulating the light pattern to obtain the index comprises means for using optical character recognition techniques.
48. Alternatively, input device 44 could be a card reader, optical character or voice recognition system, touch screen, scanner, pen, keyboard or other known input device.
75. The user computing device of claim 72 wherein the means for reading a light pattern emanating from an object and demodulating the light pattern to obtain the index comprises means for using optical character recognition techniques
Third, the identification numbers may be encoded in a standard, machine readable format--namely, bar codes. Other machine readable formats may also be used for this purpose, including magnetic stripes or optical character recognition ("OCR"), and the present invention could be practiced with product identification numbers encoded in those formats as well.
In lieu of a bar coding, the invention could be practiced with product identification information that is encoded using other technologies. For example, product identification information could be encoded on a magnetic strip affixed to a product, card or other article. In place of wand, local host computer could use a magnetic card reader. Alternatively, the number could simply be printed in human-readable format, and an optional optical character recognition system could be used to facilitate entry.
http://patft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=6199048.PN.&OS=PN/6199048&RS=PN/6199048
Interesting thought, it does appear that Global IP asserts that you cannot workaround NEOM IP with image recognition. Time will tell.
**************************************************
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLORAO
Civil Action No. 12-cv-00939-MSK-BNB
NEOMEDIA TECHNOLOGIES, INC.,
PlaintiffCounterclaim Defendant
v.
SPYDER LYNK, LLC,
Defendant/Counterclaim Plaintiff
ANSWER AN COUNTERCLAIMS
28. In that same conversation, NeoMedia's counsel indicated that NeoMedia believed that the claims of the Asserted Patents do, in fact, cover image recognition and digital photography techniques that do not scan or otherwise "decode" the image being scaned.
29. In that same conversation, NeoMedia's counsel indicated that NeoMedia believed that the claims of the Asserted Patents do, in fact, cover a device and method that relied solely on taking a photograph of a branded image, such as those present in every SnapTag.
Tick Tock Tick Tock
NeoMedia has been active in, and strived to be an innovator in, the mobile barcode field since the mid-1990s, and during that time has spearheaded the development of a robust IP portfolio that encompasses many preferred mobile implementations. Our IP portfolio currently consists of seventy four issued and pending patents. We have always licensed our portfolio to others in the ecosystem; however, our current IP licensees have generated significantly less revenue for us than we had anticipated. As the market for mobile barcodes continues to grow and we are able to collect royalties from existing licensees, we believe that these revenues should increase significantly. In September 2011, we announced an agreement with Global IP Law Group to help further monetize our patent portfolio and lead the licensing of our IP, focusing on the US market. We were hopeful that our IP licensing activities would begin to show significant results, in the form of new IP licensees, beginning in the fourth quarter of 2011, but given the lengthy negotiation process, we anticipate that revenues from licenses will be delayed until the second and third quarters of 2012. We plan to continue our vigorous pursuit of litigation against entities that we believe are infringing our patents and we believe this will help to drive further IP licensing activities.
http://www.sec.gov/Archives/edgar/data/1022701/000114420412029278/v313363_10q.htm
For so long as any of the Obligations remain outstanding, if the Borrower receives any payment from any third parties derived from any of its patents, whether as a result of a license of its technology, prosecution of its patents, or otherwise, and such receipt individually exceeds $1,000,000, or in the aggregate combined with prior receipts exceeds $1,000,000, the Borrower shall offer to pay the Lender a portion of such receipts, which shall be applied towards the repayment of the outstanding Obligations of the Borrower. Within 2 business days of either (i) each receipt of a single payment exceeding $1,000,000, or (ii) each receipt of a single payment that in the aggregate with prior receipts of single payments less than $1,000,000 exceeds $1,000,000, the Borrower shall offer to pay to the Lender an amount equal to at least 50% of such applicable receipts to be applied towards the outstanding Obligations. In each such instance the Lender shall in its sole discretion, have the right to accept or reject the payment by providing notice to the Borrower within three business days of receipt of Borrower’s offer. If the Lender accepts the repayment offer, the Borrower shall promptly pay to the Lender the relevant portion of the receipts, and upon receipt of the funds the Lender shall apply the receipts towards the repayment of the outstanding Obligations of the Borrower as it determines, without any penalty or premium, and shall notify the Borrower of such application.
http://www.sec.gov/Archives/edgar/data/1022701/000114420412033740/v315465_ex10-6.htm
Looks like someone is expecting some juicy licensing agreements in the near future!
It appears that the conversion price reset may be complete and I am once again onboard - Go NEOM!
06/11/2012 ANSWER to Complaint , COUNTERCLAIM against NeoMedia Technologies, Inc. by SpyderLynk, LLC..(Skogg, Kenneth) (Entered: 06/11/2012)
Issues 6/5/2012
IMAGE CAPTURING APPARATUS, METHOD FOR CAPTURING AN IMAGE SHOWN IN A DISPLAY AND ARRANGEMENT OF AN IMAGE CAPTURING UNIT AND OF A DISPLAY AS WELL AS USE OF THE IMAGE CAPTURING APPARATUS AND USE OF THE ARRANGEMENT
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=/netahtml/PTO/srchnum.html&r=1&f=G&l=50&s1=20090319364.PGNR.&OS=DN/20090319364&RS=DN/20090319364
Total of the preferreds is 5.1m as of 10K
Max OS without the Debentures is currently 1.7b plus recent conversions. (since 4/11)
There are other factors i.e. warrants and options.
done!!
That low closing bid occured 40 trading days ago (looking at a chart). The bulk of the convertibles have a 125 trading day lookback period at the "lowest closing bid" as quoted by Bloomberg.
Yep, .0075
For the record, I am long this stock but I fully understand why many would choose to be on the sidelines. The potential dilution is somewhat overwhelming and screams nothing but downside risk to those that know the history.
Also, the closing low bid was set at somewhere around .075 back in early March. The lookback period of 125 days for most of the debt sets the conversion price at that level well past the maturity date of the debentures. I do not forsee a need to reset the conversion price before resolution of the maturity date issue, and would in fact, be a buyer of additional shares if my low target price is reached.
I am here for one reason. I believe that we will see some sort of resolution to the debenture debt issue on or before July 29 (could have a PR hit the wires at any time). There is absolutly nothing in the docs that would prevent NEOM from paying off those instruments in full on July 29 if a more suitable financing arrangement/new investor could be secured. If that were to occur, it has the potential to instantly wipe out the full conversion risk of those instruments which would equate to somewhere around 6b shares currently.
Meantime, it would only make sense for YA to maximize dilution as long as the ATM was open for business, especially if they anticipated it's closing in the near future.
Wouldn't want to be sitting on the sidelines if that were to happen.
I will enter the debate with one factual post on the topic and this will be my last post on this subject. Directly from the 10K.
GLTA
*********************************************************
From January 1, 2012 to April 11, 2012, holders of our convertible debentures, and Series C and Series D convertible preferred shares, converted those securities into 443,223,603 common shares.
During the period January 1, 2012 through April 6, 2012, investors converted $347,000 of Series C preferred stock, $965,000 of Series D preferred stock, and $2,098,000 of principal and accrued interest on the convertible debentures.
$3,410,000 / 443,223,603 shares = $0.007693634ea.(my math)
2011 Financing Transactions - The debentures are convertible, at the option of the holder, at a conversion price equal to the lesser of (i) $0.10 or (ii) 95% of the lowest closing bid price of our common stock for the 60 trading days preceding the date of conversion.
Series C Convertible Preferred Stock - Each share of Series C preferred stock is convertible, at the option of the holder, into shares of our common stock at the lesser of (i) $50.00 or (ii) 97% of the lowest closing bid price of our common stock for the 125 trading days immediately preceding the date of conversion
Series D Convertible Preferred Stock - Each share of Series D preferred stock is convertible, at the option of the holder, into shares of our common stock at the lesser of (i) $2.00 or (ii) 97% of the lowest closing bid price of our common stock for the 125 trading days immediately preceding the date of conversion;
http://www.sec.gov/Archives/edgar/data/1022701/000114420412022038/v309497_10k.htm
There are a few debentures that use VWAP but most are at lowest closing bid. Really doesn't make much difference, either way.
I've got the debentures plus interest sitting at right around $44 mil currently.
Risk, I have added a member mark for you as one of the very few that are willing to discuss the factual downside risk of an investment in NEOM. IMO Your claculations are exactly on target.
Just to throw out another option, however I will remind you that all of the convertible debentures mature on July 29th and could be paid off in full without penalty at that time. The Preferred stock is still convertible and would be a significant factor but it looks like the Series D have been nearly fully converted (4,300 left) and according to my calcs, there are 4,739 left of the Series C.
If we would happen to get an announcement that the convertible debt has been retired via some form of alternate (shareholder friendly) financing, you would not be able to jump in fast enough to catch the instant pps upside. That is the only reason that I continue to gamble on NEOM.
Actual conversion price is stated in the 13G ($.00703) and it also appears that that conversion actually took place on April 5th.
(1) Calculated on the basis of (i) $492,978.08 original
outstanding principal balance and $2836.31 accrued but
unpaid interest on the MC-1 Debenture held by the Reporting
Persons as of April, 3, 2012, (ii) 885,679,351 shares of
Common Stock outstanding as of March 30, 2012 as reported
by Worldwide Stock Transfer, LLC the transfer agent of
record of Neomedia Technologies, Inc., and (iii) 70,528,363
shares of Common Stock issued to Murray Capital Management, LP
on April 5, 2012 upon conversion of the Debenture.(2) The MC-1 Debenture prohibits the Reporting Persons
from converting any portion of the MC-1 Debenture,
respectively, or receiving shares of Common Stock as
payment of interest thereunder to the extent such conversion
or the receipt of such interest payment would result in the
Reporting Persons beneficially owning in excess of 9.99%
of the outstanding shares of Common Stock following such
conversion or receipt of shares as payment of interest.
If there were no blocker provision in the MC-1 Debenture,
then based on a conversion price for the Debenture of $0.00703
on April 3, 2012 and a conversion price for the MC-1 Debenture
of $0.00703 on April 3, 2012, if the $492,978.08 outstanding
principal balance of the Debenture and $2,836.31 accrued but
unpaid interest of the MC-1 Debenture were converted as of
such date, the Reporting Persons would beneficially own
70,528,363 shares of Common Stock of the Issuer which would
represent approximately 7.38% of the total shares of Common
Stock outstanding at such time.
http://www.sec.gov/Archives/edgar/data/1022701/000154727112000003/mcmneom13gbc.txt
He is betting that 70,528,363 shares or 7.38% of NEOM OS is worth more than the $492,978.08 face value of the debenture that he acquired.
Alternately, where else can you get 14% interest if you don't issue credit card cash advances as a business?
Dr Soon is probably wondering why he didn't think of that. His 113m cost him $3mil.
Current conversion price can be found in the latest 13G if you do a little math.
Vero, open this link and navigate past the verification screen. Once on the search page, input the application number 12403127 which will take you to the application data tab for the application. From there you can open the "image file wrapper" tab and find all the docs associated with the examination. Pops is correct that the original claim one was cancelled but he forgot to mention that the subject matter of claim one was added to claim two. It is not at all uncommon for original claims to be modified in order to overcome examiners objections. The patent will issue with the allowed claims renumbered 1-8
http://portal.uspto.gov/external/portal/pair
I'll try to help you out a little Pop, because "A man doesn't know what he knows until he knows what he doesn't know" and
“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.”
btw (mods, I'm thinking that this information is on topic!!)
Allowance and Issue of Patent
If, on examination of the application, or at a later stage during the reconsideration of the application, the patent application is found to be allowable, a Notice of Allowance and Fee(s) Due will be sent to the applicant, or to applicant’s attorney or agent of record, if any, and a fee for issuing the patent and if applicable, for publishing the patent application publication (see 37 CFR 1.211-1.221), is due within three months from the date of the notice. If timely payment of the fee(s) is not made, the application will be regarded as abandoned. See the current fee schedule at www.uspto.gov.
The Director may accept the fee(s) late, if the delay is shown to be unavoidable (35 U.S.C. 41, 37 CFR 1.137(a)) or unintentional (35 U.S.C. 151, 37 CFR 1.137(b)). When the required fees are paid, the patent issues as soon as possible after the date of payment, dependent upon the volume of printing on hand. The patent grant then is delivered or mailed on the day of its grant, or as soon thereafter as possible, to the inventor’s attorney or agent if there is one of record, otherwise directly to the inventor. On the date of the grant, the patent file becomes open to the public for applications not opened earlier by publication of the application.
http://www.uspto.gov/patents/resources/general_info_concerning_patents.jsp#heading-23
http://www.uspto.gov/patents/process/index.jsp
LMAO
What surprised most investors is the 10K revealed that YA has slowed their conversion rates compared to previous periods when the stock ran.
As it relates to security and business model ---
Security is, of course, of paramount importance in any system that involves or generates financial transactions. The OMI includes the following security features: On the incoming OMIP channels:
- Each individual Resolution Request requires authentication .
- The OMI optionally offers SSL encryption on its input channels, with the additional option of using symmetric public keys to further secure the OMS-to-OMI channel.
- Resolution Requests are only accepted from pre-defined IP addresses or ranges of IP addresses. This allows requests from legitimate sources to be passed, while helping to prevent unauthorized parties from making use of the system, even if the authentication information becomes compromised. On the outgoing OMIP channels:
- Each individual Resolution Request may carry authentication, if required by the target OMS.
- The OMI optionally offers SSL encryption support on its output channels, with the option of using symmetric public keys.
As stated earlier, it is a core business assumption that participating companies see the extended reach provided by OMI participation as being beneficial to them, and thus they are willing to bear the financial burden of participating in the interchange. In particular, in many situations, this means that the Destination OMS will be willing to compensate the Home OMS for having serviced one of their barcode symbols. The OMI provides all the required logging and data processing required for cross-company billing in support of OMI operations.
The OMI fee structure depends on the following items: - Home OMS
- Destination OMS
- Barcode Symbology
- Message Quantity
Payment schedules are established by the Home OMS, and may be general (e.g. I will pay anyone who scans one of my codes $0.02) or specific (e.g. I will pay OMS B $0.03 for each of my UPC codes they scan.) . The two may be combined, with specific fees taking precedence over general fees. In addition, the fee schedule can be tiered so that the rate per message changes based on the total number of messages serviced on a monthly basis. Note that the OMI does not attempt to implement any request- by-request variable fees (e.g. revenue sharing) however it does provide full transaction-by-transaction reports to participating OMS companies, allowing them to reconcile such matters between themselves if appropriate. In addition, fees are only imposed for resolution requests that result in the destination OMS providing the resolution service - no charges result from requests that result in an error condition, or if the responsibility for providing the eventual action is delegated back to the Home OMS. Finally, the OMI itself will impose a fee on each successful resolution delivered in order to offset its own operating costs .
The OMI will serve as the financial intermediary between the participating OMS, thus simplifying their own financial processing. The OMI will provide each participating OMS with monthly summary statements indicating the number of transactions processed by and on behalf of each OMS, and the corresponding net payment due from or to the OMI .
The OMI will grant each OMS access to detailed reporting, including log dumps, associated with all transactions originated by or served by the OMS.
..
It's also on stride for approval at the EPO.
Worldwide patent rights teed up for the next 20 years.
MESSAGING INTERCHANGE SYSTEM
http://worldwide.espacenet.com/publicationDetails/description?CC=MX&NR=2010010105A&KC=A&FT=D&ND=3&date=20101112&DB=EPODOC&locale=en_EP
It relates to interoperability. Take the time to read it for yourself and don't rely on someone elses biased opinion.
Probably the most important patent in the portfolio, IMO
MESSAGING INTERCHANGE SYSTEM
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=/netahtml/PTO/srchnum.html&r=1&f=G&l=50&s1=20090305675.PGNR.&OS=DN/20090305675&RS=DN/20090305675
Here are the other two referenced in the PR.
SYSTEM AND METHOD FOR IMAGE AND DATA UPLOAD BY MEANS OF A TERMINAL
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=/netahtml/PTO/srchnum.html&r=1&f=G&l=50&s1=20090291671.PGNR.&OS=DN/20090291671&RS=DN/20090291671
IMAGE CAPTURING APPARATUS, METHOD FOR CAPTURING AN IMAGE SHOWN IN A DISPLAY AND ARRANGEMENT OF AN IMAGE CAPTURING UNIT AND OF A DISPLAY AS WELL AS USE OF THE IMAGE CAPTURING APPARATUS AND USE OF THE ARRANGEMENT
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=/netahtml/PTO/srchnum.html&r=1&f=G&l=50&s1=20090319364.PGNR.&OS=DN/20090319364&RS=DN/20090319364
The complaint
U.S. District Court
District of Colorado (Denver)
CIVIL DOCKET FOR CASE #: 1:12-cv-00939-MSK
NeoMedia Technologies, Inc. v. SpyderLynk, LLC.
Assigned to: Judge Marcia S. Krieger
Cause: 35:271 Patent Infringement
Date Filed: 04/09/2012
Jury Demand: Plaintiff
Nature of Suit: 830 Patent
Jurisdiction: Federal Question
Plaintiff
NeoMedia Technologies, Inc. represented by Cindy Sungbin Ahn
Global IP Law Group, LLC
123 North Wacker Drive
Suite 2350
Chicago, IL 60606
312-241-1500
Fax: 312-241-1528
Email: cahn@giplg.com
ATTORNEY TO BE NOTICED
V.
Defendant
SpyderLynk, LLC.
Date Filed # Docket Text
04/09/2012 1 COMPLAINT against SpyderLynk, LLC (Filing fee $ 350, Receipt Number 1082-2782702), filed by NeoMedia Technologies, Inc.. (Attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Summons, # 4 Civil Cover Sheet)(Ahn, Cindy) (Entered: 04/09/2012)
04/09/2012 2 SUMMONS REQUEST as to SpyderLynk, LLC by Plaintiff NeoMedia Technologies, Inc.. (Ahn, Cindy) (Entered: 04/09/2012)
04/09/2012 3 Case assigned to Judge Richard P. Matsch and drawn to Magistrate Judge Boyd N. Boland. Text Only Entry (dkals, ) (Entered: 04/09/2012)
04/09/2012 4 SUMMONS issued by Clerk. Magistrate Judge Consent Form attached. (Attachments: # 1 Magistrate Judge Consent Form) (dkals, ) (Entered: 04/09/2012)
04/09/2012 5 REPORT on the filing or determination of an action mailed to Commissioner of Patents (dkals, ) (Entered: 04/09/2012)
04/09/2012 6 MEMORANDUM RETURNING CASE for reassignment by District Judge Matsch. (rpmcd) (Entered: 04/09/2012)
04/09/2012 7 CASE REASSIGNED pursuant to 6 Memorandum Returning Case. This case is reassigned to Judge Marcia S. Krieger. All future pleadings should be designated as 12-cv-00939-MSK-BNB. Text Only Entry (rpmcd) (Entered: 04/09/2012)
--------------------------------------------------------------------------------
Interesting that the suit includes the most recently issued patent. Longs are all familiar with the "048" but this one is a little less known. May merit a little more digging.
NeoMedia Awarded Patent for its Mobile Barcode Management and Infrastructure Technology
Patent No. 8,131,597, entitled, “System And Method For Using An Ordinary Article Of Commerce To Access A Remote Computer”, generally covers systems and methods for providing users of mobile barcodes automatic access to remote computers. These patented systems and methods allow faster and easier implementation of new applications and services in the mobile marketing and advertising space.
http://www.neom.com/node/609
*************************************************
Specifically, the complaints assert infringement of the following patents: U.S. Patent Nos. 6,199,048 and 8,131,597.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73540945
Not sure why this got posted as a sticky note but that was not my intention. I certainly hope that noone is making investment decisions based on what I post on this thread. There is no doubt a whole lot of risk associated with any investment in NEOM. I can make a case for good, and I can make a case for bad. I have done both over the years. I hope everyone understands that I am in it for myself and have more bad choices than good since 2004 with this one.
Please, do your own DD and make your own decisions!!
Phish, were you here a couple of years ago when that 77mm short cover T trade went through after hours? The PPS went straight up after that if I remember correctly.
I will have to do a little research on that but I do remember buying when I seen it and bragging about how smart I was at the time. Only to wish I had the wisdom of hindsight as time went on.
Anyone expecting less than 1B OS in the 10K should get out at the open tomorrow if that sort of thing would bother you. I will go on record with an estimate of 1.2b
Assumed a new position in NEOM today. Special thanks to my old buddy Ben Dover for talking me into it! LOL
$48,660,657 as of today actually but thanks for the help.
Docket report since March of last year. Nothing new since 1-25-12
KLAWONN v. YA GLOBAL INVESTMENTS, L.P. et al
Assigned to: Judge Stanley R. Chesler
Referred to: Magistrate Judge Michael A. Shipp
Cause: 15:78m(a) Securities Exchange Act
Date Filed: 04/26/2010
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: Federal Question
Date Filed # Docket Text
01/25/2012 Minute Entry for proceedings held before Magistrate Judge Michael A. Shipp: Status Conference Call held on 1/25/2012. (NR ) (Entered: 01/26/2012)
01/13/2012 69 Joint Discovery Plan by WILLIAM KLAWONN.(GRAIFMAN, GARY) (Entered: 01/13/2012)
01/12/2012 TEXT ORDER - Please note that the Court will address the issues raised in the 1/5/12 correspondence during the 1/25/12 telephone status conference. ORDERED by Magistrate Judge Michael A. Shipp on 1/17/12. (NR) (Entered: 01/17/2012)
01/05/2012 68 Letter from Gary S. Graifman to Hon. Michael A. Shipp, U.S.M.J. (with Exhibits A-G). (GRAIFMAN, GARY) (Entered: 01/05/2012)
01/05/2012 67 Transcript of Proceedings held on 8/4/11, before Judge Chesler. Court Reporter/Transcriber Jacqueline Kashmer, Telephone number 908 229 6496. Tape Number: Motions. NOTICE REGARDING REDACTION OF TRANSCRIPTS: The parties have seven (7) calendar days to file with the Court a Notice of Intent to Request Redaction of this Transcript. Redaction Request due 1/26/2012. Redacted Transcript Deadline set for 2/6/2012. Release of Transcript Restriction set for 4/4/2012. (tjg, ) (Entered: 01/05/2012)
01/03/2012 66 TEXT ORDER - Counsel shall meet and confer and by 1/13/12 shall e-file an updated joint discovery plan as an attachment to the letter. This matter is scheduled for a telephone status conference on 1/25/12 at 2:30 p.m. Counsel for Plaintiff shall initiate the call to (973) 645-3827. ORDERED by Magistrate Judge Michael A. Shipp on 1/3/12. (NR) (Entered: 01/03/2012)
10/27/2011 65 OPINION AND ORDER granting 64 Motion regarding clarification of the Court's opinion and order of 8/10/2011. Signed by Judge Stanley R. Chesler on 10/26/2011. (nr, ) (Entered: 10/27/2011)
10/04/2011 Set Deadlines as to 64 MOTION (Joint Motion for Clarification and Resolution of Discovery Dispute Re: Clarification of Court's Opinion & Order on August 10, 2011, Docket No. 59) MOTION (Joint Motion for Clarification and Resolution of Discovery Dispute Re: Clarification of Court's Opinion & Order on August 10, 2011, Docket No. 59). Motion set for 11/7/2011 10:00 AM before Judge Stanley R. Chesler. The motion will be decided on the papers. No appearances required unless notified by the court. (nr, ) (Entered: 10/05/2011)
10/04/2011 64 MOTION (Joint Motion for Clarification and Resolution of Discovery Dispute Re: Clarification of Court's Opinion & Order on August 10, 2011, Docket No. 59) by WILLIAM KLAWONN. (Attachments: # 1 Declaration of Gary S. Graifman in Support of Joint Motion, # 2 Certificate of Service)(GRAIFMAN, GARY) (Entered: 10/04/2011)
09/27/2011 Minute Entry for proceedings held before Magistrate Judge Michael A. Shipp: Continuation of Scheduling Conference held on 9/27/2011. (NR) (Entered: 09/28/2011)
09/22/2011 63 Letter from Gary S. Graifman to Hon. Michael A. Shipp, U.S.M.J.. (GRAIFMAN, GARY) (Entered: 09/22/2011)
09/21/2011 62 Corporate Disclosure Statement by YA GLOBAL INVESTMENTS, L.P. identifying None as Corporate Parent.. (ENGLISH, BRIAN) (Entered: 09/21/2011)
09/21/2011 61 ANSWER to Complaint (Amended) by YA GLOBAL INVESTMENTS, L.P..(ENGLISH, BRIAN) (Entered: 09/21/2011)
09/20/2011 60 Letter from Gary S. Graifman to Magistrate Michael A. Shipp. (Attachments: # 1 Text of Proposed Order)(GRAIFMAN, GARY) (Entered: 09/20/2011)
09/06/2011 Reset Hearings: Scheduling Conference set for 9/27/2011 at 10:00 AM in Newark - Courtroom 2C before Magistrate Judge Michael A. Shipp. If appropriate, the parties shall submit an amended joint discovery plan no later than 9/20/11. (NR ) (Entered: 09/06/2011)
08/10/2011 59 ORDER granting in part and denying in part deft's motion 48 Motion to Dismiss the complt.; etc.. Signed by Judge Stanley R. Chesler on 08/10/2011. (nr, ) (Entered: 08/10/2011)
08/08/2011 58 Letter from Jeffrey S. Abraham to Hon. Stanley R. Chesler, U.S.D.J.. (GRAIFMAN, GARY) (Entered: 08/08/2011)
08/04/2011 57 Minute Entry for proceedings held before Judge Stanley R. Chesler: Motion Hearing held on 8/4/2011 re 48 MOTION to Dismiss Amended Complaint filed by YA GLOBAL INVESTMENTS, L.P., Motions Taken Under Advisement: 48 MOTION to Dismiss Amended Complaint. (Court Reporter/Recorder KASHMER.) (tt, ) (Entered: 08/04/2011)
07/29/2011 Set Deadlines as to 48 MOTION to Dismiss Amended Complaint. Motion set for 8/4/2011 12:00 PM before Judge Stanley R. Chesler. ORDERED ALL PARTIES TO APPEAR READY TO PROCEED (tt, ) (Entered: 07/29/2011)
07/28/2011 56 Letter from William B. McGuire. (ENGLISH, BRIAN) (Entered: 07/28/2011)
07/27/2011 55 TEXT ORDER It appearing that Exhibit 2 to the Goldstein Affidavit is not the October 27, 2003 Escrow Agreement cited on page 30 of Defendant's moving brief, it is ORDERED that Defendant shall promptly submit by affidavit the October 27, 2003 Escrow Agreement.. Signed by Judge Stanley R. Chesler on 7/27/2011. (tt, ) (Entered: 07/27/2011)
06/08/2011 54 REPLY BRIEF to Opposition to Motion re 48 MOTION to Dismiss Amended Complaint filed by YA GLOBAL INVESTMENTS, L.P.. (Attachments: # 1 Declaration, # 2 Exhibit 46, # 3 Exhibit 47, # 4 Compendium of Unreported Cases)(ENGLISH, BRIAN) (Entered: 06/08/2011)
05/09/2011 53 APPENDIX in Opposition re 48 MOTION to Dismiss Amended Complaint (Compendium of Unreported Cases, Regulatory Materials and Difficult to Locate Sources filed by WILLIAM KLAWONN. (Attachments: # 1 Tab 1, # 2 Tab 2, # 3 Tab 3, # 4 Tab 4, # 5 Tab 5, # 6 Certificate of Service)(GRAIFMAN, GARY) (Entered: 05/09/2011)
05/09/2011 52 DECLARATION of Jeffrey S. Abraham in Connection with Plaintiff's Opposition to Defendant's Motion to Dismiss the Amended Complaint re 48 MOTION to Dismiss Amended Complaint by WILLIAM KLAWONN. (Attachments: # 1 Ex. 1, # 2 Ex. 2, # 3 Ex. 3, # 4 Ex. 4, # 5 Ex. 5, # 6 Ex. 6, # 7 Ex. 7, # 8 Ex. 8, # 9 Ex. 9, # 10 Ex. 10, # 11 Ex. 11, # 12 Ex. 12, # 13 Ex. 13, # 14 Ex. 14, # 15 Ex. 15, # 16 Ex. 16, # 17 Ex. 17, # 18 Ex. 18, # 19 Certificate of Service)(GRAIFMAN, GARY) (Entered: 05/09/2011)
05/09/2011 51 BRIEF in Opposition re 48 MOTION to Dismiss Amended Complaint filed by WILLIAM KLAWONN. (Attachments: # 1 Certificate of Service)(GRAIFMAN, GARY) (Entered: 05/09/2011)
03/24/2011 Set Deadlines as to 48 MOTION to Dismiss Amended Complaint. Motion set for 4/18/2011 10:00 AM before Judge Stanley R. Chesler. The motion will be decided on the papers. No appearances required unless notified by the court. (nr, ) (Entered: 03/25/2011)
03/24/2011 50 Exhibit Index to Re 48 Motion to Dismiss,. (ENGLISH, BRIAN) (Entered: 03/24/2011)
03/24/2011 49 DECLARATION of Robert N. Kravitz re 48 MOTION to Dismiss Amended Complaint by YA GLOBAL INVESTMENTS, L.P.. (Attachments: # 1 Exhibit 1-3, # 2 Exhibit 4-6, # 3 Exhibit 7-10, # 4 Exhibit 11-17, # 5 Exhibit 18-23, # 6 Exhibit 24-27, # 7 Exhibit 28-31, # 8 Exhibit 32, # 9 Exhibit 33-36, # 10 Exhibit 37, # 11 Exhibit 38, # 12 Exhibit 39, # 13 Exhibit 40-45)(ENGLISH, BRIAN) (Entered: 03/24/2011)
03/24/2011 48 MOTION to Dismiss Amended Complaint by YA GLOBAL INVESTMENTS, L.P.. Responses due by 5/9/2011 (Attachments: # 1 Brief, # 2 Declaration of Steven S. Goldstein, # 3 Exhibit 1, # 4 Exhibit 2, # 5 Text of Proposed Order)(ENGLISH, BRIAN) (Entered: 03/24/2011)
Someone is also loading huge in the 26s - Buy's to cover @ at .026???
I thought the D stood for form of ownership i.e. Direct or Indirect
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
http://www.secform4.com/filings/1022701/000118143112018709.htm
Thanks - hopefully we are seeing the last of the preferreds being converted into the market. Dilution for sure, but we've known all along that the OS would go up. I've always assumed the 5b OS was fully spoken for.
What is she worth? For whatever reason, I've always assumed around $500mm =.10PPS
GLTA, still on the sidelines but anticipating reentry when my target is in range.
What we do know as fact:
Global Grid purchased 113mm shares on the open market.
Patrick Soon-Shiong is the sole member of Global Grid.
http://www.secform4.com/filings/1022701/000118143112018709.htm
Global Grid has filed two patent applications with the WIPO
WEB BASED INTEGRATED INFORMATION SYSTEM FOR SHARING PATIENT MEDICAL INFORMATION CROSS-ORGANIZATIONALLY
http://www.wipo.int/patentscope/search/en/detail.jsf;jsessionid=11B899306A5A07704FC62EA120959B4F.wapp1?docId=WO2008021186&recNum=1&maxRec=&office=&prevFilter=&sortOption=&queryString=&tab=PCTDescription
The term Barcode is mentioned 8 times in the application description.
METHOD AND APPARATUS FOR INTERNET-BASED COMMUNITY OF HEALTH EXPERTS
http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2008094790&recNum=1&maxRec=2&office=&prevFilter=%26fq%3DICF_M%3A%22G06F%22%26fq%3DPAF_M%3A%22GLOBAL+GRID%2C+LLC%22&sortOption=Pub+Date+Desc&queryString=FP%3A%28GLOBAL+GRID%2C+LLC+%29&tab=PCTDescription
http://www.wipo.int/patentscope/search/en/result.jsf?query=FP%3A%28GLOBAL+GRID%2C+LLC+%29&maxRec=2&filter=G06F&filterField=ICF_M&prevFilter=%26fq%3DPAF_M%3A%22GLOBAL+GRID%2C+LLC%22
Billionaire Patrick Soon-Shiong Wants To Remake The U.S. Health Care System
http://www.forbes.com/sites/zinamoukheiber/2011/11/10/billionaire-patrick-soon-shiong-wants-to-remake-the-u-s-health-care-system/
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NEOM Is in debt to YA global to the tune of $31mm principal due all in asset secured convertible debentures which mature on 7-29-2012.
http://www.sec.gov/Archives/edgar/data/1022701/000114420412017253/v307330_ex10-6.htm
There are also Certificates of Designations on file with the SEC for two forms of preferred stock. The Series C is authorized at 27,000 shares and 5,433 issued and outstanding at last report.
Series C convertible preferred stock, $0.01 par value, 27,000 shares authorized, 5,433 issued and outstanding,
Series D convertible preferred stock, $0.01 par value, 25,000 shares authorized, 23,600 issued and outstanding,
http://www.sec.gov/Archives/edgar/data/1022701/000114420411064527/v240357_10q.htm
The series C has been the primary source of converion over the years and there is speculation that they may be completly converted by the filing of the next report. (source undisclosed)
Conversions –Our preferred stock and convertible debentures are convertible into shares of our common stock. *** Cumulatively, as of September 30, 2011, the holders of our Series C preferred stock have converted 16,567 shares of the original 22,000 shares of Series C preferred stock into 204,815,226 shares of common stock and holders of our Series D preferred stock have converted 1,399 shares of the original 25,000 shares of Series D preferred stock into 10,938,232 shares of common stock. YA Global has converted $888,000 of principal and accrued interest on those debentures into 76,334,719 shares of our common stock. Holders, other than YA Global, converted $1,399,759 of principal and accrued interest on the debentures into 114,224,052 shares of common stock
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Dr. Soon has made very similar investments recently in Preferred stock (source witheld again)
Convertible Note Due 2012 $ 0.75 06/14/2011 P 06/14/2011 06/14/2012 Series A Preferred Stock ( 1 ) ( 2 )
(1)Each share of Series A Preferred Stock is immediately convertible, without payment, into one share of Common Stock of (name intentionally witheld), a Delaware corporation. Such conversion rights do not expire.
Reporting Owners Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SOON SHIONG PATRICK
10182 CULVER BLVD.
CULVER CITY, CA 90232 X
Filing is out there, Do your own DD here!
Heres where the speculation comes in:
Will Global Grid acquire a controlling interest in NEOM via purchase of Series C preferred stock and fund the payoff of NEOM convertible debt by the 29th of July??
To quote an old friend, "The end of the story has not been written" RIP Dr.M
Another one.
METHOD AND APPARATUS FOR INTERNET-BASED COMMUNITY OF HEALTH EXPERTS
http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2008094790&recNum=1&office=&queryString=ALLNAMES%3A%28SOON-SHIONG%2C+Patrick%29&prevFilter=%26fq%3DINF_M%3A%22SOON-SHIONG%2C+Patrick%22%26fq%3DICF_M%3A%22G06F%22%26fq%3DPAF_M%3A%22GLOBAL+GRID%2C+LLC%22&sortOption=Pub+Date+Desc&maxRec=2
Very interesting!!
Global Grid Patent application at WIPO
NEOM patents needed IMO
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WEB BASED INTEGRATED INFORMATION SYSTEM FOR SHARING PATIENT MEDICAL INFORMATION CROSS-ORGANIZATIONALLY
Applicants: GLOBAL GRID, LLC [US/US]; 149 S. Barrington Avenue, Suite 649, Los Angeles, CA 90049 (US) (For All Designated States Except US).
SOON-SHIONG, Patrick [US/US]; (US) (For US Only)
Inventors: SOON-SHIONG, Patrick; (US)
http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2008021186
http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2008021186&recNum=1&maxRec=&office=&prevFilter=&sortOption=&queryString=&tab=PCT+Biblio