Retired at 45 yrs of age
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Shawn Ingram, The Street, article today on Yahoo news for Spherix explains about the patents from Rockstar and Harris...
Day three of conference, June 24, CEO speaks (Google search result):
IP Business Congress 2014
www.ipbusinesscongress.com/gesr.ashx?l=7KGW978&i=5777596
Day 1 - Sunday 22nd June .... Day 3 - Tuesday 24th June ... Speakers: Anthony Hayes, CEO, Spherix Wolfgang Maennel, Senior Partner, Munich Innovation ...
Heian Room: Deal dynamics
Transactions in which IP is the driving force are becoming bigger and more common. And there is much more to them than buying, selling and licensing.
Types of deal being done
The drivers of big transactions
The major deals analysed
Moderator
Richard Lloyd, North America Editor, Intellectual Asset Management
Speakers
Anthony Hayes, CEO, Spherix
Wolfgang Maennel, Senior Partner, Munich Innovation Group
Daniel Maier, Head of IP Licensing and Transactions, Siemens AG
Joseph Sommer, Vice President of IP, AT&T
Bubba still talks to him.
The Biggest IPO of 2014: FOX Business reports that Chinese online giant Alibaba Group Holding Ltd. is in the process of planning its initial public offering "roadshow" for late July.
The Biggest IPO of 2014: FOX Business reports that Chinese online giant Alibaba Group Holding Ltd. is in the process of planning its initial public offering "roadshow" for late July. The company is likely to undergo its initial public offering pricing during the first week in August, according to reports. The news comes on the same day that Reuters reported that Alibaba is set to purchase mobile browser giant UCWeb. The deal will be the largest Internet merger in the nation's history
Also, Alibaba was going Roadshow after this filing to now they can't without exchange and symbol... It could be off for this year, maybe the greed of the investment bankers and exchanges or no rush of MA to own Yahoo .... it could be bleak if roadshow is cancelled... CNBC update us please.... lol (after y'all selloff your positions of course)...
The last 2 yrs Alibaba dropped IPO so with them not deciding on exchange and symbol... and MM dumping shares again last Tuesday double normal ... it's not a fantasy to bet on them backing out this year again even though they've filed.
It depends on what Ma and Son are doing... Can they get along being Chinese and Japanese?
Would the SEC go after them if the shorted and then dropped IPO?
Supposedly it dropped for blah blah reasons but someone is obviously targeting them for failure (two SEC filings, two dumps in Yahoo). It could put to rest by a news release, but again Ma already said he wanted to buyout Yahoo on CNBC early morning worldnews so he wants it to drop.
SPEX joining Russell Microcap Index June 27
SPEX deal with Rockstar Consortium (Microsoft, Apple, Ericcson, Sony and Blackberry) winning bid on Nortel Network patents sold in bankruptcy... to collect licensing and damages on those patents not already made deals with Rockstar (obviously).
Cisco insiders (9) listed in Barron's June 2 (page M14) dumping 66million worth of shares at a time CNBC was promoting them as good to go (Cisco suit filed in March by SPEX for damages).
Is Mr. Son and Softbank buying UBRG out for cash in/out flow of NDR?
I feel like Pearl Harbor again, sneak attack... shattering our plans for domination and telling them what to do... no they want to control us again... ARG.... oh well, I guess I can get over it this time...
iHub hint on news release the chart is live and we've already broke $2... Yahoo!!!!
June 27 member Russell Microcap Index
Great news of a valid company, to all the ones thinking this was bogus.
First link provided in news release.
So on June 28 check this page for PDF file of members.
I think BBRY has to find someone like Best Buy or WalMart to carrying a phone (a new pc too from BBRY would be great) with plans available with Verizon, AT&T, Sprint... who ever...
Oh, my! That reminds me WalMart was said on CNBC yesterday to be into online banking.... hmmm... maybe they're working on it.... doubt it... but now he can stick his foot in the door.
A few old farts and BBRY youthful lovers of the BBRY still have the BBRY but not widespread. When a big company starts carrying the phone its going up on announcement of deal...
Yesterday's news partial
“We’ve been testing BBM Protected on behalf of our customers and have been impressed so far,” said Zekeria Oezdemir, Technical Director of NovaLink. “BBM Protected is the ideal solution for our banking and insurance customers who have increased security needs.”
I'd look at the recent grads list of law school's in Texas and make a deal with stock and board of director legal slot (lol) to some rich young graduate looking for a lot work to have case experience... Treaty might find a deal there, as they can't just ignore the case or they could get disbarred (if the make a deal for a set amount they still have to put the work in for proper representation.)
As an ex-bank data processing executive once pointed out to me, 'Everyone' falls for something once they've not experience before (or have knowledge of).
I don't know but let's for instance you have a line of credit at the bank so they're supposed to honor the checks to the line of credit (which they can withdraw at any time without notice... they told them by phone but forgot, that's not proper notice; for course, not honoring the check and causing problems ends up being a notice by default)... many reasons. In Texas, that could be why the RRC banned that check signer not believing their reasons, at least added to the reason, perhaps... speculations... it doesn't have to be an evil reason though it may look so.
Courts are funny, basically if you get a speeding ticket lets say and you go to court (have to ask for Jury or judge will not listen and just charge you) and the police/state trooper doesn't show to court because their sergeant wants them out on the routes .... properly done you can just not understand the charges and they have to dismiss the case (they'll lose in appeal if they don't and ruin their image for higher court appointments of not)... Explained in an out of print book, How To Out Fox The Foxes... but knowing a DA here in Texas he dismisses cases when the trooper doesn't show to court.
So they got their 10 day extension and are you hinting that they are not engaged in a reasonable resolution? It would just add to the plaintiff easy win if they were not close to a resolution now with that extension request. I bet its hard to find anything cheap in a post Katrina city that nobody wants to live in, because you'd have to gut out the home and replace everything from water damage... But nice info to know, thanks.
I've been meaning to looking into to this as it scrolls across CNBC at a score of minutes plus after close and the chart above in the header info shows sells sells sells then all uppers except second since then... I assume buys... whatever it is its green....
lol Now the pain of I could've got in on the dollar ago should I wait or should I go...
Since the same thing happened it looks planned running up before filing then dumping. Speculation could say Ma and/or Son trying to cause panic sells to load up on Yahoo since its no secret Ma would like to buy Yahoo.
If Ma is not responsible he needs to look into using different lawyers or group to put filing together and/or tell them its for like two weeks later but wants it by the 2 week earlier deadline to look it over real good (and then just file it instead of letting what nonsense is happening happen).
How do you control a culture that has historically been criminals making copyrighted knockoffs in CD's, movies, clothing.... What is the SEC planning on doing to what group is obviously buying up before and dumping afterward? ;p
JD IPO seemed to go so-so, there are factions anti-Chinese that were disrupting their IPO at the exchange. Perhaps they're part of the try to discredit Alibaba.
11main.com Alibaba owned company when does it open this is big too but been kept off the CNBC screen... why?
https://11main.com/preview
Yeah the price were high (but WFM is high) in the Lubbock area the wine area empty of people... at WFM in Albuquerque and Santa Fe the wine sections are packed and people buy lots of wine (like 60pct in checkout have wine sometimes if not more (the rush home 5-6 pm much higher percentage there so in Bible Belt country the wine sits so if you have hard to find wine at Sprouts but not at yours you might ask if they could ship it from other locations like Lubbock if they have it...
I got Kosher Swiss Cheese and Marinara sauce and just ate two Red Apple Cheese, Swiss Cheese melted between two Kosher flour tortillas quartered with spooning big spoon-fulls of The Silver Palate, San Marzano blend Marinara deluxe gold select... great meal both brands I got a Sprouts.
But I was there like around 10:30 -11 am so wine sells bad time...
The lady in bread area told me they had to wait on truck as I asked where the double chocolate muffins were and she did say they sold out fast... but they had other flavors that weren't selling. I see tat everywhere especially WalMart they try and dump the stuff that doesn't sell on you before putting up the stuff the flies off the ....
I just bought shares week before last Alibaba filing so this was the same up to about 37 then dropped just a day faster to 35 after a filing... Options don't always work out toward the days they move. Back in the 80's with the AL Williams craze it was shown by the AL Williams salesmen that stocks move up on certain days (I think even my Dean Witter stockbroker told me that 2 years after AL Williams) that you can try to guess the market (blah blah, I could write a book about the books and talks I've heard about... lol
The 9% shares of Alibaba being sold by Yahoo could be more than expected or misunderstood as I heard 40% of their Alibaba shares. So 9% of their 20% leaving 11% of Alibaba owned by Yahoo but maybe they jumped to conclusion they were only selling 9% of their shares which is 20% of Alibaba which is a lot less than 9% of Alibaba that they are selling. That's why they could get enlightened and we could close green to hear like past Telly Savales (Jennifer Anniston's godfather) say "You're beautiful, baby!"
My biggest afterthought last night was, "Okay, the lawyers and/or directors of Cisco know their doom. Oh! But does Spherix know they right method to achieve victory?"
Yes, they 9 insiders dumped Cisco in coordination with CNBC promoting Cisco (so it seemed from my knowledge the two were at the same time maybe) so speculatively ... still good chance that it was.... It can only be the suit as the CEO was on CNBC too recently I thought with only good outlook for them... the sell of 66 million worth of stock by 9 insiders worth more than 6 million more than the 60 million stock deal for the patent right delivery of money ... lol... come on... what else could it be?
Just hope they know how to win because they already think they've lost (by sell actions -speculation).
This peeved me last week and it still is after dumping it...
The Euro gained on the Dollar (USA) several times and once last at the end of a trading day (Wed. or Thur.) CNBC pointing out the Euro gaining big on the dollar that day so I just expected a currency conversion move up on ALU ADR shares... That day the Euro still gained but ALU and my other Euro dropped, the exact opposite of what should've happened. Just the conversion alone should've made the US shares higher. Very stressful since I got ALU as a network play so ejected and went to a bankrupt Nortel Network related networking patent play to put my hands in all networking not part of Rockstar Consortium (who bought the patents in out bidding Google - so missing out on anyone they made a deal with before 1/1/2014 but the rest have to payup so why not... maybe be back later this year after the conversion rate works itself out but this could only double without butout if lucky but the other could be many multiple gains just suits take time though). Any input on this will be considered if short term reason to stay here. I think it doesn't matter how the news is, they'll manipulate the share price for their investment that they think the can move the market with (like this dollar losing on Euro is bad for dollar but so what most of ALU money comes from other countries and some big deals in Europe recently - heck who knows maybe they invested against Euros like Greenpeace and lost money in options being greedy - happens in oil and gas all the time betting the wrong way against those in power and their position).
Yahoo could make me pretty by closing green... So I think there is a good chance of a green close today after sense sets in. There have been shorters waiting for anything to cause a panic and too many are in for big gains at these prices and don't want a BE sell today and see them chasing it later...
Personally, if I were a billionaire I'd buy up the entire float just based on the Cisco insiders selling. I don't imagine the deal with Rockstar allows one to buyout SPEX with a controlling interest (if it did Cisco could just buy it out thus lowering its cost by returning some of the fees back).
JP Morgan and Goldman can't always control things anymore as so many billionaires and billionaire funds can oppose their plans.
So whoever keeps shorting it or whatever many not be able to succeed. It's already below the 20 million deal funding cost of two per share... already nice return compare to the ones that slapped down 20 million loan.
Oh my... Cisco appears to have admitted loss, Barron's June 2 issue page m14 Insider Transactions, SALES, Cisco Systems (CSCO) has 9 insiders selling 2,749,022 shares valued 66,782,000...
This is big as I look at every issue for many of one company being listed in buys mainly and it is not that common to have so many eject or buy in the same reported period of this weekly newspaper magazine style.
I'm only guessing it has to do with settlement/liability to the so-called Nortel patents as there has been periods not too long ago (maybe a couple weeks) where CNBC was promoting CSCO (so if during the same period these guys dumping, it could be as I have suspected with ex-banking members as announcers its like another possible use of old friendships or worse). I've noticed how they say a company is cheap but to me seems overpriced (meaning has downside risk that could hurt)... but ... oh ... blah blahing again... sorry
For the last 2 months every time I went to buy Cisco I got this bad feeling something's up (without knowing about SPEX sued them) just a networking investment for the future expected epic increase in Internet usage from wearables and just plain ole automation, whatever...
Seems like this is a better play having a hand in a lot of networking stocks....
So big plays like Cisco win I would prefer one-time dividends sharing some of it (instead of just capital rise and backend deals we have no clue what they are... in other words, why not dividends instead of backend deals... too late now... oh well, at least they made a deal that seems pretty solid... CEO should explain the revenue stream available for us but its seems left open for making settlements out of court and licensing arrangements...)
I see a Intel. Prop. seminar a tax on the CEO's time. He can't legally tell them anymore than what's available for us to know. But with him speaking there its good acknowledgement of his and this companies likely success. So the invite could help as it gets closer and people start looking into it further. more blah, blah... too much nothing to do today by me... lol
Marked this to follow as Barron's article June 2... fund manager K. Scott and it basically looks flatline, strange in a building reboom (I thought) so it would be jeopardize by them exiting... this US leader in fasteners (screws/bolts) article by Amy Feldman...
10Q or any law suit dropped/came to an agreement notice (but I figure it'll be like 'came to an agreement which cannot be disclosed but will be reflected in earnings... blah blah) or more suits filed or Paul Allen named to board (just something that'll move price)... many possible things... but as some have tried to point out is who has been selling that's kept the price down (like those being sued maybe shorting to get them delisted from NASDAQ? $4/share minimum? There is not supposed to be too many shares and I have not tried finding out current O/S and don't know the $20 million deal but I doubt they're selling since their loan was supposed to be at $2/share, so probably dumping via share deals with law firms paying for suit is what has tried to be pointed out but it is pure guessing on anyone's part on this board).
Okay I wasn't going to answer but, hey, its a discussion board so why not... I'm wasn't worried, I just added more on Friday... like okay, since when has a patent from the US government not been upheld by the US government and what's the defendants defense? Gee, whiz judge... oh your honor, pardon me, but the patent was for Nortel and it was sold and we were not notified that it could still be valid... some nonsense that they tell the company sued that they could possibly win with (<2%) and delay it as they may go out of business... which is why the $20 million deal was so big... IMOOC (In My Opinion, Of Course)
Isn't extortion a Federal crime? Why would the Feds care when Maryjane is still a Federal crime? How could the Feds take an extortion case about an illegal activity to court, the judge would feel like he had My Cousin Vinny as an Assistant US Attorney before him... NUTS!
An alleged shareholder has reached out to Quasar's CEO, Donnell J. Vigil via electronic mail in an attempt to extort Quasar. Mrs. Vigil would like to make it avidly clear that Quasar will not succumb to extortion and no funds will be paid to the assailant's PayPal account as requested and the correspondence sent to Mrs. Vigil is being forwarded to the legal authorities. This individual claims to know the name and location of the target acquisition grow store. A demand was made for payment to keep this individual from releasing the assumed name and location of the grow store so bashers will not harass these parties. If Quasar does not pay this individual the name and location that is assumed to be grow store will be released so naysayers can attempt to prevent the deal from closing. As previously mentioned, the grow store being acquired is bond to the terms executed.
Atlanta and Laredo are double listed (are the ones I noticed flipping through real quick)...
This is bad for me and my mind... Lancaster doubled at end of list just like a couple apart. Oh my...
Arlington... looking to see how TX VA were diff... couldn't see
They have issues to resolve, like:
TheDirectory.com brought up the wrong city to search at, so fine I ignored it and overwrote the city with correct one... still searched on wrong city that it thought I was at (Yahoo movies got my city right, TV Guide and Zap2It got my city right but not TheDicrectory ... have to be able to override their bad guess at city, I assume it was a hop city as when one does a tracert.exe on it from shell mode the different hops might be the wrong city)...
The jobs link posted here... one cannot click on the TheDirectory logo and go to home page....
They're not ready for commercials (but probably has nothing to do with it).
I don't see how you could even estimate it as they are using partnerships/corporations setup to hide the deal info. from public eyes (i.e. just report revenue from the partnership)... a major reason why this is probably undervalued right now they can't put a value on it... so how is a fund manager going to risk buying this company shares?
I would assume every deal is different and not a menu price.
I would like to know what deal Google got with Rockstar or Nortel bankruptcy in order to bid, what are they paying?
Thumbs up in Middle East is bad thing ... American thumbs up means what it means...
US is overtaking the world in producing IRON pellets for them to pollute their skies with (from Natural Gas).
Cheap Natural Gas Lets Factory Rise Again - WSJ
online.wsj.com/.../SB1000142412788732385490...
The Wall Street Journal
by John Miller
Nucor's Louisiana plant shows how the abundance of natural gas has made ... with scrap and melted to make steel—at lower cost than using scrap alone.
Low gas prices make energy, steel industry relationship ...
www.platts.com/news-feature/2013/naturalgas/steel-gas/prices
Platts
Natural gas will continue to become an increasingly important input for the steel industry as producers switch from coal to the relatively cleaner, currently ...
Will Cheap Natural Gas Change US Steel Production? | The ...
www.thefinancialist.com/will-cheap-natural-gas-change-us-steel-producti...
Apr 1, 2013 - Cheap natural gas unleashed from previously unreachable shale sources could eventually provide a boost to U.S. steel manufacturers, but the ...
U.S. Steel, Nucor CEOs urge caution on natural gas exports ...
triblive.com/business/...74/gas-steel-natural
Pittsburgh Tribune-Review
Mar 22, 2013 - The nation's two top steelmakers told a congressional hearing on the health of the industry that exporting natural gas is one of their top ...
U.S. Steel: Natural gas process will soon replace coke
www.thespec.com/.../4190319-u-s-steel-natural-g...
The Hamilton Spectator
Nov 4, 2013 - INTERACTIVE: Land use at U.S. Steel. A process called direct reduced iron uses natural gas to concentrate iron ore into pellets within a ...
Google lost to Rockstar recent article on it doesn't even mention Spherix but IP co. (lol) What's up Doc?
http://www.businessweek.com/news/2014-05-21/nortel-considered-reorganizing-instead-of-selling-patent-trove
Nortel Patent Licensing Had Google Seeking Guarantees in Sale
By Steven Church and Michael Bathon May 22, 2014
Nortel Networks Corp. (NRTLQ:US), the defunct telecom company, considered forming a patent-licensing firm before it auctioned off a trove of intellectual property for $4.5 billion in 2011, a company official said in court.
Google Inc. (GOOG:US), the initial bidder at the auction, was so worried Nortel would back out it demanded protection in case the sale was canceled, Nortel’s chief restructuring officer, John Ray, said yesterday in federal court in Wilmington, Delaware, where U.S., Canadian and European creditor groups are fighting over billions of dollars raised in the asset sales.
Ray countered claims by the Canadian creditors that the patents were of no value to the U.S. unit. That unit, which is fighting for the cash on behalf of its bondholders, held valuable licensing rights to the patents, he said.
His testimony could be used to show that the U.S. creditors deserve the lion’s share of the money from the patent sale. Google might not have been so worried about losing access to the patents if it didn’t think the U.S. licenses weren’t valuable. The U.S. creditors have argued that most patent revenue would come from Nortel’s U.S. unit.
Google “had a massive concern about pulling the bid off the table,” Ray said.
Nortel’s U.S., Canadian and European units are in a six-week trial over the division of $7.3 billion in cash, including the patent money, that was raised in a series of auctions after the company filed for bankruptcy in 2009.
Canadian Pensioners
Canadian creditors, including about 20,000 Nortel workers and pensioners, say they deserve almost all the money from the $4.5 billion sale of patents because Nortel was based in Ontario and its main holding company owned the intellectual property. In 2011, Google lost the patent auction to a group that included Microsoft Corp. (MSFT:US), Apple Inc. and Sony Corp. (6758)
The proposed licensing company, known as IP Co., might not have been able to collect fees related to the patents, Sharon Hamilton, who is overseeing the bankruptcy of the Canadian units, said in court last week. The Canadian units were concerned about the “viability” of any IP Co., she said.
Canada deserves $5.8 billion of the $7.3 billion, Canadian creditors said in court papers. The U.S. unit claims it should get $5.3 billion. Sheila Block, a lawyer for the U.S. creditors said the U.S. unit made up on average 70 percent of Nortel’s total revenue from 2001 to 2009.
Should the U.S. win, Canadian creditors would collect 10 percent to 11 percent of what they are owed, they said in court papers.
The case is Nortel Networks Inc., 09-bk-10138, U.S. Bankruptcy Court, District of Delaware (Wilmington).
To contact the reporters on this story: Steven Church in Wilmington, Delaware, at schurch3@bloomberg.net; Michael Bathon in Wilmington, Delaware, at mbathon@bloomberg.net
To contact the editors responsible for this story: Andrew Dunn at adunn8@bloomberg.net Michael Hytha
Once depositions finish their lawyers will advise them of their doom, I doubt any outside firm will advise defendants to settle outside of court as they don't make money that way (they will "want to see the depositions" before forming an opinion - the lawyer jokes don't exist for no reason).
I'm expecting revenue from licensing this quarter. They are not going to press lease blah blah signed a deal... it'll just show on 10Q as income probably no details as the deal is sure to be confidential.
I found looking at their press releases they never PR'd they were being sued by those cable companies but PR'd it was dismissed.
We don't have long to wait for a quarterly and there are bound to be lots for shorters on the company shorting some more (see that they went up to 4.15 a oouple of weeks ago. They'll lose and they'll have to cover. Maybe BlackBerry in the Rockstar might be dumping their portion as they are trying to reinvent their company but none of the others would be.
Google could be jealous as they lost the bidding war for patents to Rockstar... don't know what happened their but someone is trying to keep SPEX share prices down.
Cisco, AT&T, Uniden, VTech, T-Mobile, Juniper & Huawei....
To date, we have filed infringement lawsuits against Cisco, AT&T, Uniden, VTech, T-Mobile, and Juniper Networks, and now Huawei.
How much of Rockstar Consortium does BlackBerry have? There should be income coming in future from it.
Rockstar Consortium (Microsoft, Apple, BlackBerry, Sony and Ericson's) 4.5 billion acquisition of Nortel Networks patents (which Spherix (SPEX) got in the 60 million stock deal with backend fees from licensing) of patents covering the Internet voice and data transmissions. Spherix is now actively seeking damages or licensing (mainly) from Cisco, Juniper and other networking companies...
Don't think it'll stay low for too much longer once the quarterly comes out that starts showing income from licensing that they'll have to do or pay a lot more in damages in court (a whole lot more). Owning part of many Networking companies.... wow....
Best news release is a must read 03/31/2014
Standard Essential and other Nortel Patents Acquired from Rockstar in December 2013 Recorded at Patent Office
http://ih.advfn.com/p.php?pid=nmona&article=61649418
TYSONS CORNER, Va., March 31, 2014 /PRNewswire/ -- Spherix Incorporated (SPEX) -- an intellectual property development company committed to the fostering and monetization of intellectual property, announced today a corporate update disclosing the 101 patents and patent applications acquired in December from Rockstar Consortium (US) LP. The list of patents has been recorded at the U.S. Patent and Trademark Office. Several are considered "Standard Essential Patents."
Spherix Logo.
A Standard Essential Patent is often defined as a patent that covers part or all of a technology standard set by a Standard Setting Organization. In the case of Spherix's patents, several have been asserted as Standard Essential to the Institute of Electrical and Electronics Engineers ("IEEE") and relate to the movement of data packets on a Virtual Local Area Network.
Courts have stated that patent holders who participated in the development of a standard are often bound to offer licenses to Standard Essential Patents on "fair, reasonable and non-discriminatory (FRAND)" terms. However, courts have also differed on the meaning of that requirement. Spherix is prepared to honor all FRAND obligations that originally applied to Nortel and any company that would like to discuss a FRAND license is asked to contact Spherix's Vice President of Licensing, Frank Reiner at freiner@spherix.com.
Spherix is also offering licenses to startup companies as part of Innovate21tm. Innovate21tm is an initiative of Spherix that offers startup companies licenses to Spherix patents in exchange for equity positions. Spherix hopes that these very valuable patents can help spur innovation and the development of more start up companies, as well as add value to Spherix shareholders through early investment.
Since the Nortel patents were acquired by Spherix, the portfolio has expanded. In February 2014, Spherix was notified that patent application number 12/459,465 issued as patent RE44,775 "VLAN Frame Format." In addition, Spherix recently received another "Notice of Allowance and Fees Due" from the U.S. Patent and Trademark Office for another application that will issue as a patent in the near future.
In addition, Spherix announces that its CEO has been named to the IAM Strategy 300 – The World's Leading IP Strategists, Intellectual Asset Management's (IAM) annual listing of those individuals identified by IAM as offering operating companies and other IP owners world-class advice on maximizing the value of their intellectual property.
Anthony Hayes, CEO stated "Spherix today is much stronger as a company than at anytime over the last year. We have not only added tremendous assets and staff to the company, but we have commenced several licensing campaigns that we believe will act as a platform for continued growth. As we continue to progress in our monetization efforts, we have disclosed the Nortel assets we own to better help the investment community understand our IP portfolio."
About Spherix
Spherix Incorporated was launched in 1967 as a scientific research company. Spherix is committed to advancing innovation by active participation in the patent market. Spherix draws on portfolios of pioneering technology patents to partner with and support product innovation.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein, including the Prospectus filed under Rule 424B3 filed February 19, 2014 with the SEC. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Investor Relations
Phone: (703) 992-9325
Email: info@spherix.com
Logo - http://photos.prnewswire.com/prnh/20131104/PH08853LOGO
SOURCE Spherix Incorporated
Copyright 2014 PR Newswire
American thumbs up for coal from Russian minister in June 10, 2014 news release.
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that Russia's Minister for Development of the Far East Alexander Galushka visited the company's production facilities on the territory of Russia's Far East Federal Region as part of his work tour of the Far East ports and infrastructure objects.
During his visit to the company's facilities, Alexander Galushka was accompanied by Chairman of Mechel OAO's Board of Directors Igor Zyuzin, First Deputy Minister Alexander Osipov and Deputy Minister Maxim Shereikin. The minister toured Neryungrinsky Open Pit, the Elga coal deposit, examined the 321-kilometer Ulak-Elga railway built on Mechel's own funds. Alexander Galushka also visited Trade Port Posiet, owned by Mechel, and Sea Trade Port Vanino, whose capacities are used to transship the company's coal products to Asia Pacific.
As part of the visit, a conference of ministry officials and business representatives was held, regarding perspectives for the coal industry's development in the region, issues of further development of industrial infrastructure and logistics, creation of a municipality at the Elga deposit, as well as issues of financial support for large-scale projects that are listed in the long-term development program for Russia's coal industry until 2030.
"Today Mechel is creating a powerful high-tech industrial cluster in Southern Yakutia, aimed at developing the entire region and trade ties with Asia Pacific," Russia's Minister for Development of the Far East Alexander Galushka noted.
"We are grateful to Alexander Galushka for his attention to our projects in the Far East Federal Region and his high appreciation of the Elga project. Russia's new coal industry development program stipulates that the mining focus will shift from Kuzbass to Eastern Siberia. In line with this trend, which has become evident a few years ago, in 2008 we began our large-scale investment project of developing the Elga coking coal deposit. We realize that this project is unique for the entire Far East region. The industrial cluster at Elga will become a flagship for Russia's coal industry," Chairman of Mechel OAO's Board of Directors Igor Zyuzin noted.
Mechel is an international mining and steel company which employs over 70,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.
CONTACT: Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
He's comes across well in an interview from Bloomberg.com about getting the Rockstar Consortium (Microsoft, Apple, BlackBerry, Sony and Ericson's) 4.5 billion acquisition of Nortel Networks patents (which Spherix got in the 60 million stock deal with backend fees from licensing) of patents covering the Internet voice and data transmissions.
Risk needs to be looked at is they said Nortel Bankruptcy is still not completed (Jan. 2014) which may delay patent infringement suit but probably just adds to the cost of proof of patents clear from Nortel Bankruptcy, i.e.)
2,500 with total of 29,851 http://thestockmarketwatch.com/stock/stock-data.aspx?stock=SPEX&a=showFilings
Must be low salaried or not too much believing they'll win? At lease he purchased some...
But notice the chart that it went up to 4.00+ one time recently so maybe the other companies hedging or lawyers pocketing their win chances... Chart link
Look at the chart at the bar volume in same drawing of price and only until recently has there been big volume. So someone is dumping but someone is buying too as it would've crashed with just dumps.... very troubling strange as it was safe before now it looks like too many shares available... Chart link
Yahoo might try advertising on their own pages. I have yet to see the Katie Couric shows I thought sounded worth watching. I'm not going to do a search on it, and I'm not going much anywhere but finance.yahoo.com for ticker scroll of stocks I own and quick look at prices/trading without having to go to broker account.
Interesting as to whether I'll ever get to see the show. I used to go back to main page for a search then I saw the search web icon to the right of search finance and haven't gone back to main except to see movie listing at local showings....
Remember I even would like to see it.... hmmm... pretty lame on their part to not advertise their product on their pages...
Then from a company web site I clicked on a photo which linked to flickr and I couldn't see it... it wanted me to login... BS! uTube is successful because you can see the view at the link without logging-in or signing-up.... Oh, my! I have no idea if tumblr or screen or the rest make you sign up, except, ah, no... I could see SNL clips without signing up... that's good.