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We have Deidre, Carter, and I’m sure I can get the Judge’s emails. I’ll get this to you tomorrow morning. Along with my input for the letter.
At this point our only option is to direct formal letters to the Judge and maybe even Deidre to get her on our side to if that is a potentially beneficial out for her. With hundreds of disgruntled shareholders who have legal rights to proceeds from these patents.
I’m pretty sure 99% of us here never saw Carter destroying his professional career and quite possibly prison time being on the table over this case when he would have made out like a bandit regardless. Amazing what greed can do to the brain.
Not at all. We are all in the same boat. Having a thief at the helm living in his luxurious lifestyle on our dollar and all along had plans to screw the shareholder with this “waterfall” nonsense. How is it possible that this information should not be legally required to be released in any “purchase agreement” involving a publicly traded company. This is beyond me.
There are assets which already have 70+ percent ownership stake accounted for but yet a public company is aloud to announce its acquisition of those assets even though it does not even own majority interest. I guess Carter really just thought he would be able to live high on the hog for all these years and then at the end take home a much larger sum than he was entitled too and get away Scott free. Never ceases to amaze that these clowns don’t learn lessons from those who came before them with the same criminal acts. I don’t have near as much money as this buffoon yet but trust me money doesn’t matter in this country in a scenario like this.
Lol brother I have no worries trust me.
The market also feels like TESLA is worth $430 billion today and only $40 billion less than a year ago. With very little change in fundamentals one would find that hard to believe too right? Pretty senseless post lol
I’m glad I have his address. He better get out of town is all I can say.
Pretty mind blowing stuff. A lot of interesting information in this document.
Also very surprised and confused how a “purchase agreement” can be executed between a private and PUBLIC company and the terms that are found here in this document were never publicly released. Also we must ask ourselves what was the reason for Carter acquiring controlling interest in a public company to shuffle the patents ownership under said shell company??? Seems to me he needed some cash for his litigation where he planned to leave shareholders of said shell company holding the bag. This seems pretty slam dunk to me. Will finish reading the document and be back tomorrow.
Pretty terrible people can destroy something that they had so nice moving forward.
I love when posters claim something is "baked" into the price when it hasn't even happened yet.
If anything this thing is terribly oversold due to the terrible management of communication and information released to the public by upper management.
The market cap currently hovers around $15-16 million while we are likely going to hit $3.5-4 million in revenue this year. That is absolutely comical and shows the inept abilities of OTC traders. Frankly this is the reason why many can make good money on the OTC because of the emotional nature of OTC traders and their short term view.
Let's say PCTL does $3.5 million in revenue this year (low end projection) - let's also assume COGS to be in the range of $1-1.5 million... That means PCTL nets $2-2.5 million. Why would a company growing and expanding it's influence over the market so rapidly be given a PE ratio of roughly 7? That is absolutely absurd given the ridiculous PE ratios many companies are getting in this age. This PE ratio should be closer to 30-40 based on YOY growth of 400-1000% over recent years.
Not sure how I feel about this. Happy that a trial date is set, yet extremely frustrated we are now about 10 months out from the original trial date that was to occur August this year all because of this pandemic. It's nonsense.
We will see that is why I’m with Tony on sending letters or email to address the recent action and see if we can get any type of response. If not we escalate in the coming weeks.
I do know we have a number of people on this board that have contact with Billy and the investors. Hoping we might hear something soon knowing there are many here who want some answers.
Understood, appreciate your input.
To the latter of your post I agree 100%. A huge risk on the assumption and hope that these hundreds of shareholders decide to write this off and not give it any additional thought. I have 9 people in my court alone who would be more than happy to be included in any action taken if indeed their plan is to leave us holding the bag.
Hey Special, I wanted to get your input.
The language in the agreement about staying current with the SEC. can this particular piece of language justify moving the patents’ ownership back to Chanbond? If so this entire plan could be considered clear intent to rob the market investors of millions of dollars in diluted shares. Would we have a leg to stand on in court if this is indeed the intentions of Carter and company?
Very good point.
I can say I would not want to be looking over my shoulder for the rest of my life due to greed when your on the verge of making millions of dollars with the current scenario. Victims have had their stories told on those late night murder case shows for much less.
I am in.
I would like to pose the question and maybe Specialneeds would be able to advise here...
How could it be possible for Chanbond to take back ownership of the patents? Would Carter have to formally announce his unwillingness or inability to pay what was specified in the purchase agreement? If so is that not a clear criminal act with clear intent to take this route? It would be an easy question to the presiding judge. What was the reasoning to take these patents public and dilute the publicly traded company for millions of dollars?
Annoy?... I would be willing to pony up half of my net worth to make sure any crook acting in that way would go to prison. That is a clear and simple case of theft with a clear intent to move ownership of the patents back under the original entity after diluting and collecting millions of dollars.
Then that my friend is an easy class action lawsuit.
Team of Carter, Deidre, and IPNav collude to store patents in a publicly traded shell after Carter acquires controlling interest in said shell. UOIP dilutes roughly 600 million shares at an average of .015ish for a whopping $9 million. Same said team goes on to file suit and bring the patents back under ownership under the original entity holding ownership.
If that is not an easy prison sentence I don’t know what could be in this country.
I wonder what the reasoning is for this fall out. Seems pretty absurd that she would make an enemy of the Chanbond lawyers and Carter along with the inventors at this late stage. Could have been close to a court date for trial and getting paid soon thereafter instead let’s sue everyone who has no money to give up.
I am concerned but not feeling like all hope is lost. I am started to lean towards this being a formality or Deidre does not agree with fighting any longer if she is privy to offers on the table and wants to settle this thing up. Carter might be making the argument along with the Chanbond lawyers or not that we can get loads more if we stick it out through trial or wait for a later date to settle. I don’t see any clauses that state ownership of the patents can transfer back to Chanbond therefore UOIP can continue its fight in court and pay the interest monthly as stated in the purchase agreement. This is not a lawsuit from Deidre to take back ownership of the patents let’s make that clear. Therefore regardless UOIP still holds the asset and will be compensated for the damages done.
These reasons are why I feel like this is a formality or Deidre is trying to apply pressure on Carter to settle with offers on the table.
I have no experience with anything like this so regardless it will be a learning experience and hopefully things work out best for us. Still see no way of Carter getting money to his pockets without money getting to ours all the same.
It gets pretty old dealing with these same clowns on the OTC over and over again. Selling at a lower price point then we were before the definitive agreement was announced which shows strong favor that we will be sponsored for the PRV and acquire the voucher. I guess it is also the reason some of us make money because of the illogical clowns that constantly buy these stocks with no clue what is going on and then sell after the most ridiculous price points after news has been released.
The problem is he seems to have zero care to communicate officially. Had there been a care then it would have been done many times before especially at the time of delisting.
I can’t say that I blame him for not communicating as it will change nothing. When money is acquired it will be dispersed until then there is nothing to talk about. He was never here to communicate with shareholders anyways as that was Rob Howe’s job until his passing. I highly doubt we will be hearing anything.
I need to continue pondering the move but if anything it just gives us something else to worry about. Based on my take of Billy and Deidre’s relationship I would assume they discussed this matter before it was filed. I don’t see an option on the purchase agreement that gives Chanbond the right to acquire the patents back due to non-payment, as we all have discussed only the terms for $25k per month to be added onto the bill. We will see what happens. If anything we still haven’t heard a peep from the judge regarding that nonsense from the great Jennifer Ying. And it is also quite peculiar we haven’t heard a word from Chanbond lawyers, which could also make one suspect there might be some type of turmoil between Carter and Deidre? Not sure but time will tell.
40 million shares or 2.5% of the total settlement/award might not be enticing enough for someone realizing they can take back ownership of the patents and acquire the full 100% value by arguing in court themselves. I’m not experienced enough on this avenue yet but I feel like I’m going to learn a harsh lesson here. What are the implications of taking back ownership due to non payment for the patents? The lawyers are under Chanbonds influence...
The only defense I see in our particular case is that there is verbiage on the contract for a $25k fee per month after Oct. of this year if the $5 million payment has not been received.
This might just be a formality for Leanne to assure that her clients and herself receive the money agreed upon regardless of the outcome. Again not experienced enough in this aspect. But the things I’ve seen happen at this level of equities is beyond belief so nothing would surprise me at this point.
No reason to respond to those claims. This is a clean shell with no debt and the SS hasn’t changed in a long time. Any claims otherwise are just uninformed or outright abusive.
The news we got yesterday will press this to .10+. It will take some time for obvious reasons like exposure and natural trading, but the market cap should be at least $30 million with what we know now.
Yeah I've been holding a decent position here since the last run up. Anyone who bought into the names that were added to the board here and their reputation knew that things would get going here.
Lovely ole OTC traders selling away shares lower then the price was prior to the news being out. Goes to show what type of people you deal with down here.
"Priced in" when the market cap is $4.5 million and they just got news of a definitive agreement and are moving forward for the PRV which has been valued between $125-200 million over the past few years. Makes sense. Pretty priced in I would say as well.
It's not about believing what we want, that is opinion which doesn't matter. We deal with facts, fact is the OS is unchanged for a long time.
They are dumping? Can you show us any verifiable data for this claim? OS has not changed and there have been no insider share changes. Sounds to me like a reach.
From 2016-2018 the voucher values ranged from $125 million - $200 million. The current market cap of this ticker is $4.55 million... Clearly we have not yet obtained a FDA Tropical Disease PRV yet that will be the next step. If CTYX receives the PRV your looking at upside of .75 almost immediately and that is just the beginning.
The fact is that this company has proved it is the real deal and moving forward with big time pharmaceutical break throughs.
There are actually still sellers after today's news and this tiny market cap? Yeesh it's terrible how uninformed some are. Makes me wonder how you even buy shares in companies like this if your going to sell for tiny peanuts when we get definitive news proceeding with the big time licensing we have been looking for here...
See you all at .10 shortly!
So am I not going to see my iHub family until 2022 now? LOL
Hopefully the Judge does the right thing. This is clearly negligence and abuse of the court system. Hoping to hear something in response soon.
Stay safe everyone.
Agreed wholeheartedly, I’ve seen plenty times over small volume spiking the price to create interest. But normally the spike in price is met by immediate dumping which the interest does not garner enough bud support to continue or sustain the gain in share price. There has been substantial volume here that sustained the run. This would lead to the likely event that something is known and someone is buying not based on public knowledge.
Then what exactly are you doing in the pink sheets? This is the waste land. If you seriously think that insiders don't buy and sell based on news they have prior to being released in these small time companies then your very illogical.
Lol "wash trading" with 8 million shares last friday and 7 million today... $175k+ of wash trading volume. Got to love the comedy some can come up with.
I think the consensus is that this abrupt pick up in heavy volume means there is something coming fairly quickly. All news that is out has been out for over a month now and it does not take that long for the price to react to news. If we don't see something by the end of the week I presume some will start selling based on doubts which could send the price back down - however I think news is coming soon so I'll hold. A stock does not go from $1-5k in volume per day to $80k+ in volume per day unless there is something going on.
I’m beginning to agree with your sentiment. Constant failures in the PR department with this company and the CEO does not seem to be very handy when it comes to funding the expansion of this company outside of some dilution. How has business picked up so much in the last 7 months and still zero leads on healthy funding? When asked about an angel investor in the CC his response was basically asking for anyone listening to get him in contact with anyone who might be interested. That is pretty pitiful in my opinion.
What a wasted opportunity this has been with incompetent management running this thing into the ground.
Yeah but volume picking up and it was out of the blue so news is expected here this week.
And as soon as someone bites and undercuts them they disappear what do ya know!
Lol someone trying to keep a cap on this at .016. Going to laugh when they get taken.
You thought a podcast would do any different? Management is really creating a great reputation for themselves in regards to public relations!