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>> Cougar6 Share Wednesday, October 19, 2011 10:10:08 AM
Re: hokies post# 49208 Post # of 49209
>>Thanks for the friendly advice, but I will play this one out. You can buy my shares in a few months when it is a momo play again.
>>On a separate note, judges often "know" things that are not necessarily in evidence and, although technically they cannot take them under advisement they will notice a pattern of conduct on the part of one of the parties or the other that plays into their mental calculus when making close rulings. Not the way it is supposed to happen but judges are people too ... and often busy, pissed off, testy ones.
I've made the same observation. The court's apparent bending over backwards for Daic all these years remains a puzzle. If Daic renegs on signing the settlement, I can't predict the court's response, if any.
Disney nearly went bankrupt over and over but stood his ground and repeatedly bet everything on the future. The pure entrepreuner.
If the settlement fails to materialize, I will be glad to join with others in ousting the BOD. One might make the argument in that event that receivership is the next best course of action. The patent would be auctioned and owners (us) would split the profits.
The principal problem is time. The second is money.
To call a stockholders' meeting against the wishes of the BOD we need to file suit and win in court. Time to get that done: 1-3 years is the civil court waiting period. Then, how do we pay for the litigation and the subsequent stockholders' meeting? We have an unelected BOD that has had a judgement against it for a while allowing a court receiver to be placed in charge to fire the BOD and then probably put the company into Chapter 7 or 11.
We have a patent worth tens of billions of dollars. How to tap into that wealth seems elusive in the short run. We can publicly call-out the BOD and demand action. That might work. It doesn't take a lawyer or any money to do so, just some good reporters. Whatever managerial fungus is afoot has trouble with sunshine. Perhaps some stockholder can suggest a good plan. It's clear that many know the worth of the patent and have for years done everything short of murder to get their hands on it. How hard are shareholders willing to fight? This board is overrun with bashers trying desperately to depress any positive actions. I have again sent them to the Phantom Zone. Who needs that grief?
We stockholders (i.e. owners) have waited too long to make any of these actions profitably. I don't know where to go from here except to get back trading!! Pinks would be good; NASDAQ better. We seem on the way to getting the financials in order. I don't know what the timeline is for that.
This qualifies as a personal insult and requires a reply.
I have zero to do with "hokies." Never met him. Don't know him. I have had no contact with him except to ask what he's doing here when he says he's sold all his stock and has no financial interest any more. He refuses to answer that question -- as you refuse to answer the one put to you.
I have been a long since 2003 and I'm not selling. Please do not fantasize about me or my motives. Thank you.
Finally, why won't you answer my question?
The problem is that you have not answered the question. Not one part of it. To refresh your memory, here it is again.
Continuing to bash stockholders is not an acceptable answer.
==================================================
Post 49087 or 49079 (post numbers seem to change for some reason...)
I did not mean to imply that you are one of the stock manipulators screaming "sell!" They know who they are.
However, please list the steps you want taken to correct what you see as a scam being perpetrated on shareholders. Indicate sources of money to make them happen. List a desired timetable. Then give your estimate of success of these steps. Thank you.
1.
2.
3.
4.
5.
Yet you refuse to answer my question. Why?
Again, please note that with my iHub subscription I am unable to reply to private messages.
Please answer my post 49087.
Again, please answer my question.
I never claimed to have the answers, nor have I spent months wailing IN CAPS about how some terrible people must be removed and/or imprisoned. That's your bag. So again, please answer the question.
Week three and still no answer from you to my question. Why?
OK.
I did not mean to imply that you are one of the stock manipulators screaming "sell!" They know who they are.
However, please list the steps you want taken to correct what you see as a scam being perpetrated on shareholders. Indicate sources of money to make them happen. List a desired timetable. Then give your estimate of success of these steps. Thank you.
1.
2.
3.
4.
5.
Please explain how this squares with endless screams to sell all your stock before you are thrown into the street in rags, or an endless tirade about imprisoning/executing all current and former directors and officers with absolutely no recommendation on what to do next to help the company. Enquiring minds want to know.
Bravo Zulu!
Agree.
LightSquared, cont.
============================================================
Grassley Asks Falcone for Records of FCC, White House Contacts
QBy Eric Engleman - Oct 6, 2011 12:47 PM ET inShare1More
Business Exchange Buzz up! Digg Print Email The Senate Judiciary Committee’s top Republican asked Philip Falcone and his LightSquared wireless venture for records of contacts with the White House and U.S. regulators to put “questions of improper influence” to rest.
Senator Charles Grassley of Iowa made the request in letters to Falcone and LightSquared Chief Executive Officer Sanjiv Ahuja yesterday, requesting information about contacts with the Federal Communications Commission, White House, and Commerce Department. Seven House Republicans last month asked the White House for details of contacts with Falcone, citing concerns about possible political pressure on U.S. agencies over the billionaire’s wireless venture.
LightSquared, backed by $3 billion from Falcone’s Harbinger Capital Partners hedge fund, wants to offer wholesale service through a network of base stations using airwaves previously reserved mainly for satellites. Makers and users of global- positioning system devices say LightSquared’s signals will disrupt navigation by planes, boats, tractors and automobiles.
“If Harbinger has nothing to hide and would like to put questions of improper influence at the FCC, Department of Commerce, and White House to rest, the public release of these communications would allow Congress and the American people to fully examine the facts and decide for themselves,” Grassley wrote in the letter to Falcone.
“LightSquared has received the letter and it is reviewing it,” Chris Stern, a company spokesman, said in an interview. Scott Tagliarino, a spokesman for New York-based Harbinger Capital Partners, said in an interview the firm is reviewing the letter and declined to comment further.
Grassley and Representative Thomas Petri, a Wisconsin Republican, said in a letter to FCC Chairman Julius Genachowski last month that U.S. regulators should “resist political pressures” to approve LightSquared. The Reston, Virginia-based company needs FCC clearance to begin service.
To contact the reporter on this story: Eric Engleman in Washington at eengleman1@bloomberg.net
To contact the editor responsible for this story: Michael Shepard at mshepard7@bloomberg.net
Why do you refuse to answer my question?
Probably licking their wounds from the forum. I strongly suspect they intended to announce some good news and then were prevented from doing that even though it was too late to cancel the forum.
The solution would seem to be our patents.
-------------------------------------------
LightSquared Threatens Legal Action against FCC
By Stephen Pope / Published: Oct 06, 2011
LightSquared is threatening legal action against the Federal Communications Commission if the agency does not grant the company approval to build a planned nationwide network of around 40,000 broadband towers that many experts warn will cause interference with GPS receivers.
LightSquared argues that any interference with high-precision GPS receivers from the company’s planned network is a result of GPS receivers “looking” for signals in the adjacent frequency band. In a letter to FCC Chairman Julius Genachowski, the company argues that GPS manufacturers have ignored standards developed by the Defense Department to block reception of transmissions from nearby bands.
A spokesman said LightSquared has tried to conduct itself as a “good neighbor” to GPS receiver manufacturers and users, but nonetheless is prepared to take legal action if the FCC does not approve the company’s network after additional testing is completed. LightSquared claims that, according to FCC rules, GPS receivers are not entitled to protection from interference “if they are listening outside their band.”
The Coalition to Save Our GPS, an industry group, is fighting to block construction of LightSquared’s ground network, pointing out that when the company submitted its plan to the FCC, the network was touted as being based almost solely on satellite transmissions, not a large ground network in a band next to that of Global Position System receivers.
In an open letter published in newspapers last week, LightSquared CEO Sanjiv Ahuja sought to turn the tables on GPS industry advocates by arguing that GPS devices “inappropriately violate our licensed spectrum” and not the other way around.
http://www.flyingmag.com/news/lightsquared-threatens-legal-action-against-fcc?cmpid=enews100611
In a generic sense, it is good news. Purchase of restricted stock generally shows that investors are optimistic about the company's future.
Please answer my question.
This is a serious question. Please answer.
You claim to have sold your shares. Yet you sit here, day after day, month after month, screaming for shareholders to sell all their shares. Why? What possible reason do you have? You care for us? Why? You are just a good samaritan, screaming, "Danger! Danger, Will Robinson!" You are really shorting the company and hope to add insult to injury? You are trying to manipulate the market? What? If you cannot give a believable reason, for what reason would anyone listen to you?
Thanks in advance. Please be concise.
What about the bond holders? They have loaned CLYW a lot of money and will, of course, be the first to lose if CLYW founders. I find it impossible they would simply flush their loans down the toilet and roll-over for the results you forecast.
What about the judge? He was told there was a settlement. How would he react to Daic giving the court the finger? Not well, I imagine.
LOL! You don't get it, do you, - 1SD? Some of us bought so low over so many years and have so many shares we are still way ahead. Waste your time with your juvenile posts while we ignore you. Have a nice day.
GIVE IT UP ALREADY YOU'RE OVER. YOUR CLEAR PLAN TO DEPRESS THE STOCK SO YOU CAN LOAD UP IS OVER. NO CLUE. YOU WILL STILL BE ARGUING AS IT SOARS. GET THE HELL OFF THIS BOARD NOW BEFORE THEN. BE SMART FOR A CHANGE.
Wait, wait; don't tell me!
Spend the next eight years and $500,000 suing the directors, right? Right after they are found guilty in criminal court, right? You know how dumb that sounds, right?
Connection?
CLYW down 17% today. Ihub board all negative. You decide.
Let's make your very long, BIG CAPS story short. You believe CLYW has been so compromised that shareholders will never see a dime even if the alleged crooks get life in prison. Does that sum it up?
I don't know beyond his mention on this board from time to time.
The real question is why career bad actors latch onto CLYW, a company with no money, no licensees, and no management. I keep coming back to the conclusion that the patents are so valuable (as in hundreds of billions of dollars) that they refuse to divest themselves of the company and continue to work to get their hands on the patents any way they can.
General question to all:
I am informed that the SEC stopped CLYW trading for ten days as a warning for us to get our stuff in order. After ten days the suspension was lifted while we worked to get the records straight. That being true, why are we still on the Grays?
Thanks.
To the private poster:
I cannot post private messages. However, why not make your good points public if you believe what you say.
Yeah, yeah...
You keep, posting this call to arms without any mention of where the arms are, how to remove the trigger locks, and what ammo is available. Just how are shareholders to remove directors? Delaware law allows any stockholder to call a shareholder meeting 15 months after the last such meeting. Fine. Where's the money to make this happen? We are still working on getting the financials copied.
We are told that Williams (you?) has a court win to allow the appointment of a court bankruptcy lawyer to put CLYW into bankruptcy and sell the patents. Is that really your goal? Destroy the company and lose the patents? Please enlighten us on how else we can remove the directors and "retake" control with directors of our chosing. You suggest that we proceed against the "evil" directors with court challenges. Are you kidding? Criminal cases take 1-3 years to come to court. Civil cases take 3-8 years to come to court. You endlessly stream charges against the BOD and demand IN CAPS what you want to have done, but you propose zero workable solutions. At best, this is sophistry; at worse, white noise clogging-up the message board. It's boring and a waste of board space. Shareholders need to work towards getting back on the pinks and the company making deals with infringers.
Seconded.
L'shana Tova, everyone!
Happy Jewish New Year! May all have a happy and prosperous 5772!
Then please tell us who is holding a gun to your head and forcing you to keep your investment in CLYW! We'll call 9-1-1 for you!
Better review history. CLYW was $3.89/share in March, 2004, and $5.04 in November, 2002.
Gateway USA is alive and well in Virginia Beach.