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IBM suing GRPN as BCYP is suing:
IBM has filed a lawsuit against Groupon (NASDAQ:GRPN), alleging that the daily deals website operator builds its business model using patents without authorization. "Groupon has refused to engage in any meaningful discussions about reaching a license agreement to end its infringement of IBM's patents," the firm's complaint said. Big Blue filed a similar lawsuit against Priceline (NASDAQ:PCLN) last year, accusing it of patent infringement in running its travel and dining websites.
Fun, So the author elevated ROX to "consumer staples." And here I thought we were just a "sin" stock!
That's a nice chunk of change, even at the current SP.
Down a nickel is "tanking?" That is 2-3 percent.
Fun, I expect you are right. I was just pleased Frost added to his share count as he owns the same class shares as we do.
Form 13D/A for Philip Frost:
http://investor.castlebrandsinc.com/secfiling.cfm?filingid=1144204-16-85595&CIK=1311538
1
Names of Reporting Persons
Phillip Frost, M.D.
2 Check The Appropriate Box if a Member of a Group
(see instructions) (a) ¨
(b) ¨
3
SEC Use Only
4
Source of Funds (see instructions)
OO
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)
¨
6
Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7
Sole Voting Power
819,776 (1)
8
Shared Voting Power
53,093,886 (2)(3)
9
Sole Dispositive Power
819,776 (1)
10
Shared Dispositive Power
53,093,886 (2)(3)
11
Aggregate Amount Beneficially Owned by Each Reporting Person
53,913,662 (1)(2)(3)
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
¨
13
Percent of Class Represented by Amount in Row 11
33.6% (4)
14
Type of Reporting Person (see instructions)
IN
(1) Includes vested options (including options that will be exercisable within 60 days of the date hereof) to purchase 40,000 Common Shares (as defined herein).
(2) Includes (i) 43,167,540 Common Shares held by the Gamma Trust (as defined herein) and (ii) 555,556 Common Shares issuable upon conversion of $500,000 aggregate principal amount of the Convertible Note (as defined herein) held by the Gamma Trust. Does not include Common Shares issuable upon the conversion of accrued but unpaid interest on the Convertible Note, which is payable in cash on a quarterly basis; the Convertible Note and accrued but unpaid interest thereon is convertible into Common Shares in whole or in part from time to time at the option of the holder.
(3) Includes 9,370,790 Common Shares held by the Nevada Trust (as defined herein).
(4) The calculation of the percentage is based on (i) 160,034,464Common Shares outstanding as of February 8, 2016, as reported on the 10-Q filed on February 9, 2016, (ii) 40,000 Common Shares to be issued upon the exercise of vested options (including options that will be exercisable within 60 days of the date hereof) held by the Reporting Person and (iii) 555,556 Common Shares issuable upon conversion of $500,000 aggregate principal amount of the Convertible Note held by the Gamma Trust.
Form 8-K for PERSHING GOLD CORP.
2-Mar-2016
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Secur
Item 1.01 Entry into a Material Definitive Agreement
Subscription Agreements, Placement Agency Agreement, Registration Rights Agreement, and Warrants
On February 25, 2016, Pershing Gold Corporation (the "Company") issued 2,120,882 Units, with each Unit comprised of one share of common stock (the "Unit Shares") and a 30 month warrant (the "Investor Warrant") to purchase 0.5 of a share of common stock (the "Warrant Shares") at an exercise price of $5.06, for a total of 2,120,882 shares of common stock and Investor Warrants to acquire an additional 1,060,429 shares of common stock. The Company received gross proceeds of approximately $6.9 million, and net proceeds of approximately $6.1 million after commissions and legal and other fees and expenses remitted to the Placement Agent (as defined below) and advisors.
The Units were subscribed to pursuant to a Subscription Agreement (the "Subscription Agreement") and Unit Purchase Agreement (the "Unit Purchase Agreement") entered into on February 25, 2016 between the Company and certain accredited investors. The Subscription Agreements contain customary terms and conditions including, among other things, terms of the subscription and investor representations and warranties. The Unit Purchase Agreements contain customary terms and conditions including, among other things, terms of the subscription and Company representations and warranties.
The Investor Warrants sold as part of the Units are exercisable six months and one day after issuance at an exercise price of $5.06 per share of common stock, subject to adjustment in the event of stock dividends, recapitalizations or certain other transactions. The Investor Warrants will expire on August 25, 2018.
The Company also issued warrants to acquire an aggregate of 261,590 shares of common stock to Laidlaw & Company (UK) Ltd., a FINRA registered broker-dealer (the "Placement Agent") who acted on behalf of the Company (the "Placement Agent Warrants"). The description of these warrants is provided in Item 3.02 and is incorporated herein by reference.
In connection with the private placement, the Company and the investors entered into a registration rights agreement dated February 25, 2016 (the "Registration Rights Agreement") which requires the Company, on or before April 10, 2016 to file a registration statement under the Securities Act of 1933, as amended, to register the resale of the common stock issued as part of the Units and the common stock issuable upon the exercise of the Investor Warrants. The Registration Rights Agreement also contains piggyback registration rights requiring the Company to include such holders' shares of common stock under certain circumstances in future registration statements that may be filed by the Company.
The foregoing summary of the terms of the Subscription Agreement, the Unit Purchase Agreement, the Investor Warrants, the Placement Agent Warrants and the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Investor Warrants, the Placement Agent Warrants, the Subscription Agreement, the Unit Purchase Agreement and the Registration Rights Agreement, which are attached hereto as Exhibits 4.1, 4.2, 10.1, 10.2 and 10.3, respectively.
NPR story on polinators:
Is Nutritious Food In Peril, Along With Pollinators?
by Dan Charles
NPR - March 1, 2016
Here's an exercise in deductive logic, with implications for our food supply....
http://www.npr.org/sections/thesalt/2016/03/01/468592984/is-nutritious-food-in-peril-along-with-pollinators?sc=17&f=1001&utm_source=iosnewsapp&utm_medium=Email&utm_campaign=app
Fun, Part of the price for growth is the expense of buillding inventory, differentiating your product from competitors and doing the marketing (in this case mostly guerilla marketing) to spur demand. I have great hopes for continued progress and have yet to sell a single share.
Meister, I understand your frustration with ROX management and share it to a degree. Your placing priority on your wife and family is the right choice.
Agreed. Move fast or many people will starve. Even more mass migration from the developing world to find food security.
Noticed this on twitter feed:
JW_Steakhouse
?@JW_Steakhouse
Opening our 3 | 4 bts of @JeffsBourbon #18years @bourbonblog @GoBourbon One more to go #onlythebest @JW_Steakhouse
Let's hope the cross the goal line before selling.
LR, Very interesting and persuasive reasoning by the court in that last link.
ROX 8K link sent out this morning to those of us on the mailing list. The presentation to prospective investors is the bulk of it.
http://investor.castlebrandsinc.com/secfiling.cfm?filingid=1144204-16-84684&CIK=1311538
Sure looks to me like they are setting up the case that they are fast growing, very much under-valued and presumably ready to sell the business. At least that's my interpretation, but I didn't compare it to earlier ones.
I found the following story on the NPR iPhone App
Report: More Pollinator Species In Jeopardy, Threatening World Food Supply
by Merrit Kennedy
NPR - February 26, 2016
A major global assessment of pollinators is raising concerns about the future of the planet's food supply....
http://www.npr.org/sections/thetwo-way/2016/02/26/468241649/report-more-pollinators-species-in-jeopardy-threatening-world-food-supply?sc=17&f=1001&utm_source=iosnewsapp&utm_medium=Email&utm_campaign=app
Meister, We had those promo packs of limoncello with one of three glasses prior to Xmas in MD. Haven't seen lately.
58, I'm just imagining that this will be one commercial where they do not need some fast talker to spew out a list of dozens of severe side effects.
IMHO, some people sold just as soon as they realized the Mako article was a hit piece. Even before reading, because reading it would have put them at a perceived disadvantage to anyone selling quickly. No matter that the article was illogical and only had pseudo-science speak. Definitely not a smart article.
You're welcome! I just thought it might be helpful in understanding the context in which our drug is moving forward.
Am Parkinsons Disease Assn presentation on the disease and treatments.
Our approach, though not the name Cynapsus, is mentioned between minutes 25 and 26 or so. You can click on the slides below the main screen and they will change. There is a slider button below, which you can use to reach that slide quickly.
http://www.aoic.net/APDA/APDA1502arc/index.html
Frost acquires 180,000 shares thru option exercise
http://investor.castlebrandsinc.com/secfiling.cfm?filingid=1209191-16-100757&CIK=1311538
Yes, I hope Trey does one closer to me.
Let's hope soon!
Yes, great guerilla marketing.
Fun, The event sounds like a bargain and a great way to evangelize for Jefferson's! If it weren't 850 miles from here, I would definitely consider it. I hope someone is close enough to try it out. Maybe $oldier can get a nice ride in on the bike.
Sitting. Holding. Waiting patiently.
Thank you George.
Another new article: Deformed Wings
http://www.futurity.org/deformed-wing-virus-bees-1101292-2/?utm_source=Futurity+Today&utm_campaign=36909eab66-February_5_20162_5_2016&utm_medium=email&utm_term=0_e34e8ee443-36909eab66-206349113
Humans are spreading a virus killing millions of bees
University of California, Berkeley, University of Sheffield
rightOriginal Study
Posted by Sean Barton-Sheffield on February 5, 2016
You are free to share this article under the Attribution 4.0 International license.
European honey bees appear to be the source of a disease that is affecting bee hives worldwide, a new study shows. And human activity, particularly moving bees from place to place to pollinate crops, is spreading the disease, called deformed wing virus.
The virus is particularly deadly when the parasitic Varroa mite carries it. The combination has wiped out millions of honey bees over recent decades, researchers say.
“We must now maintain strict limits on the movement of bees, whether they are known to carry Varroa or not.”
Varroa feed on bee larvae and the deformed wing virus kills off bees—a devastating double blow to colonies that is adding to fears about global bee populations, with implications for biodiversity, agricultural biosecurity, global economies, and human health.
“The deformed wing virus is a major threat to honey bee populations across the world, and our study has found that this epidemic has been driven by the trade and movement of honey bee colonies,” says Roger Butlin, professor of evolutionary biology at the University of Sheffield.
“Domesticated honey bee colonies are hugely important for our agriculture systems, but this study shows the risks of moving animals and plants around the world. The consequences can be devastating, both for domestic animals and for wildlife. The risk of introducing viruses or other pathogens is just one of many potential dangers.”
[Mites fool honeybees with chemical ‘cologne’]
“This is the first study to conclude that Europe is the backbone of the global spread of the bee-killing combination of deformed wing virus and Varroa,” says Lena Wilfert from the University of Exeter’s Centre for Ecology and Conservation.
“This demonstrates that the spread of this combination is largely manmade—if the spread was naturally occurring, we would expect to see transmission between countries that are close to each other, but we found that, for example, the New Zealand virus population originated in Europe. This significantly strengthens the theory that human transportation of bees is responsible for the spread of this devastating disease.
“We must now maintain strict limits on the movement of bees, whether they are known to carry Varroa or not. It’s also really important that beekeepers at all levels take steps to control Varroa in their hives, as this viral disease can also affect wild pollinators.”
For the study, published in the journal Science, researchers analyzed sequence data of deformed wing virus samples across the globe from honey bees and Varroa mites, as well as the occurrence of Varroa. They used the information to reconstruct the spread of deformed wing virus and found that the epidemic largely spread from Europe to North America, Australia, and New Zealand.
[Claims about crops won’t save wild bees]
The findings suggest some two-way movement between Europe and Asia, but none between Asia and Australasia, despite their closer proximity. The team also looked at samples from other species suspected of transmitting the disease, including different species of honey bee, mite, and bumblebees, but concluded that the European honey bee was the key transmitter.
“The key insight of our work is that the global virus pandemic in honey bees is manmade not natural,” says senior author Mike Boots, a professor at the University of California, Berkeley, and the University of Exeter. “It’s therefore within our hands to mitigate this and future disease problems.”
The Natural Environment Research Council funded the work. Researchers from ETH Zurich, the University of Cambridge, and the University of Salford collaborated on the study.
I'll be right over....
Just had some Goslings black seal and coke.
new piece from the BBC
http://www.bbc.com/news/science-environment-35484763
The global trade in bees is driving a pandemic that threatens hives and wild bees, UK scientists say.
A deadly bee disease has spread worldwide through imports of infected honeybees, according to genetic evidence.
Stricter controls are needed to protect bees from other emerging diseases, researchers report in Science journal.
The virus together with the Varroa mite can kill-off whole hives, putting bee populations at risk.
Lead researcher Dr Lena Bayer-Wilfert of the University of Exeter said European bees are at the heart of the global spread of what she calls a "double blow" for colonies.
"This is clearly linked to the human movement of honeybee colonies around the globe," she told BBC News.
"It shows a piece of evidence we can't argue with."
'Major threat'
The pattern of the spread shows the movement of the virus around the world is manmade rather than natural, say scientists.
Co-researcher Prof Roger Butlin of the University of Sheffield said Deformed Wing Virus (DWV) was a major threat to honeybee populations across the world with the epidemic "driven by the trade and movement of honeybee colonies".
Image copyright University of Hawaii
Image caption Bee infected with the virus
In the research, scientists at the University of Exeter, Sheffield and Salford tracked the emergence of DWV by analysing genetic samples from honeybees and Varroa mites in 32 locations of 17 countries.
They found that the epidemic largely spread from Europe to North America and countries such as New Zealand, with the European honeybee as the main transmitter.
Prof Stephen Martin of the University of Salford said the combination of the virus and the mite were at the heart of the crash in honeybee populations.
"It supports the idea that DWV is the main cause for the colony losses associated with Varroa and that this comes from European bees," he said.
Scientists believe the combination is particularly deadly because the parasite feeds on bee larvae, while also injecting the deadly virus into the body of grown bees.
The double threat is thought to have wiped out millions of honeybee colonies over recent decades.
Strict limits
The researchers are calling for tighter controls on importing honeybees, such as mandatory health screenings and more checks on movements across borders.
And they say every effort should be made to stop Varroa entering the few areas that are free of the mite to provide a refuge for conservation purposes.
Dr Bayer-Wilfert added: "We must now maintain strict limits on the movement of bees, whether they are known to carry Varroa or not."
Commenting on the study, Prof Mark Brown of Royal Holloway University of London said there were already trade controls in place for honeybees - such as checks by vets - but these were clearly not sufficient.
"We need better regulation if we want to stop this happening in the future for other viruses that are likely to emerge," he said.
The European honeybee is used worldwide for commercial pollination of crops such as nuts and fruit as well as for honey production.
And a lot more will happen. I expect a lot of price choppiness short term.
and this fourth time I tried, it finally opened. Looks delicious.
Le link ne marche pas pour mois.
Sent this to my wife with fervent hopes
I'm in for a starter position.
$H, Sounds like someone is acquiring shares. Thanks for the back story. Steve
$H, Where did you hear the Adelson rumor and was he bandied about as buying in or buying all of ROX? Steve