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Looks like the crazies are coming out of the woodwork. No telling what's going to happen with it now.
Well definitely the traders have it now. I sold my lowest buys from .17 $ .22 at $.35.
Probably the most volume I've ever seen in this stock. And probably the biggest move ever
EMI, I am still not sure about this share dump from Feinberg. You would've thought he would've sold a lot more shares early on in the dollar range and a larger amounts. Just think about what you or I would've done in the same circumstance. And why would you sell all the way down to $.17 and still keep 2.2 million shares? Kind of doesn't make sense to me. I would think if he knew or suspected bad things were happening he would be out of that stock. I would.
Yes high-speed if that was scripted and a conspiracy that would really be hard to believe. The ramifications of what that means is enormous. To me the analyst seemed surprised by the 40 50 million number but if he was faking it he did a good job. When Doug said that it didn't really sound legit but considering he's the CEO you want to believe that he knows what he's talking about.
Yes EMI, and Doug was talking about how he had turned down settlements that he didn't deem to be enough money. I would be very curious as to the numbers that were talked about.
Saw this a few minutes ago as it relates to Feinberg:
Major owner of Marathon Patent Group, Inc. just picked up 360,030 shares
So they probably didn't look at it very carefully.
If code "S" means sale and not stock for example then he's obligated to correct that statement and refile it correctly. Also one Doug statement he actually implied to one of the analyst that the actual numbers were larger than that to which the analyst said "wow". There still has to be some basis in fact for him to make those statements, he cannot just say any numbers he wants without repercussion. Otherwise all guidance numbers for all companies would be totally worthless.
Also on the statement of ownership it said on 5/22, he bought 100,000 shares between $.1623 & .295. Which I think was the exact low and high for that day. The form looks to be filled out correctly showing the first trade was red,a sale, all the rest were green. He couldn't of made that many mistakes in a row saying they were purchases when they were sales. Also underneath there it says this:
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
He's not that stupid.
I would think it Feinberg was really worried he would've sold all his stock. Still has over 2 million shares. Also in talking about revenue it makes me go back to the previous call where Doug said 40 to 50,000,000 this year. So where did those numbers come from? It's impossible he just pulled those out of thin air or made them up. He had to have some basis for saying that. And from what I remember he actually said it a couple times. If he just made it up that's Fraud.
Well no matter what the reason up 50% is cool as hell!
Well we're still alive! What are the odds we can actually finish in the green today?
Good question Lolabean, One interesting thing here is you had a one and a half million share day yesterday and a 2.7 million share day today so there still a lot of people gambling at these prices. So it's still possible for it to spike up but if the naked shorts are driving it down then it's hard to see how any rally could hold.
Well bigred , my conspiracy theory is that this is being orchestrated by some of the people that marathon is suing. Either to drive them down enough to settle for pennies on the dollar or just drive them out of business altogether.
Does anybody have a call on the price drop tomorrow? So 30% drop would be 5 1/2 cents, so around $.12 $.13 or so.
Yeah I think it's not that they know it's going to zero but that they're going to shorted to zero. Naked shorts can do that because it's fake shares it's counterfeit money. One interesting thing they might try, if they're not in on the whole scam, is to change the name of the company and get a new CUSIP number. Then all shares have to be accounted for & re-issued. I would bet the number of Naked shorts that cannot accounted for is massive.
Haha EMI, now you've become a conspiracy theorist! welcome to the club! This would be funny if it wasn't our money??????
Maybe Eric will come in and buy the whole company for a quarter and take a private! Ha
This is also the classic lesson of why averaging down is a bad idea.
Well high-speed I'm not sure it has anything to do with being smarter than you. I think it's an organized power play and they have more power and more money and can do naked shorting. So they have unlimited shares to pound the stock down with
And the other problem is now we are depending on the same people who got us into this mess to get us out! That really makes no sense and is highly unlikely. But it this point it just may be too late.
Agree EMI with everything you said, 1000%. Miss management, over optimism and just plain bullshit got us here.
I agree high-speed, we probably get less money because we're desperate. If we were strong financially you can hold out for better pay days. Also the same for 3-D nano color. If we had deep pockets you could probably develop that but when you're poor you have no options. So for us 3-D is probably worthless. It just becomes another bad idea.
Well I know a lot of you guys support Doug but I find it interesting today that Ford just canned their CEO because their stock was down 40% in three years. Ha. We're down what 90% in one year. And we're paying $1 million a year for that.
Yes very interesting high-speed, it seems like our new normal is down 5 to 10% a day.
The last paragraph is pretty interesting.
To those who follow patent news, IP Nav is an infamous company. Some websites have called it “the most notorious patent troll in America,” and its co-founder, Erich Spangenberg, is known as the “poster boy for litigious patent assertion companies.” So, when IP Nav’s other co-founder, David Pridham, realized that Spangenberg’s preferred business model was not in alignment with his own hopes for the patent system, he broke away from IP Nav and founded his own company, Dominion Harbor Group, which looks to “license IP in a responsible way.”
The reason that Pridham decided to set out on his own was that he saw “questionable ethics and actors in the space – serial demand letter sent to small businesses, large companies refusing to license their technology and other entities set up to attack patents and short stocks.”
Yeah I'm also just about speechless. Sellers and shorts look determined to drive this to zero. The company looks helpless to turn this around.
That's kind of what I was thinking Porscha.
Or maybe it could mean both. This case was settled so he plugged a new one in.
Oh sorry high-speed! Another great find! Thanks much!
Great find, Mike! Hopefully the market will see it.
Yes high-speed good news is good news! Actually could be worth a couple pennies to us!
Ha ha Big red, well maybe if you take hope and I'll take prayer then one of us will get some results!
Bought a few down here & praying.
Yes big red lets hope, but hope is generally not a very good investment strategy. But the company on the whole has become very depressing.
Agree EMI, but you never know how people react when they're desperate. But anytime you get in bed with these lenders and loansharks it can't end good. Hopefully they have a little more leverage with 12,000 Patents and they have better options. But everything is very iffy at this point.
It won't let me copy the article but it's on marketwired. It may be on INVT website. Basically it says they assigned all their patents to a lender and the lender makes all the decisions about what they're going to do and they have some split on the proceeds.
INVT has a good article about trying to get out from under for Fortress and what they're doing.
Yeah thanks. They still need $$ quickly.
I thought the last one took it from 19 to 23,000,000. This says 23 to 27mil