Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
when did he say this?
I think we have seen a recent drop in price because of excitement over the vaccine. Figured this time would come and that good prices would be available because of it. As many have pointed out, this is not a 'COVID' stock. We sold more product and got our name out there during this time, but will be a successful company even if everyone is vaccinated tomorrow.
A couple of weeks ago, I mentioned that one of my family members caught COVID in a hospital. Another family member visiting her caught it too... she is in the hospital, but will make it.
We found out that about 90% of the nurses in that area had gotten COVID as they had become lax, with testing and temp checking hospital personnel. In fact, we can pinpoint the person who spread this to our family, as the nurse wasn't wearing a mask. Kind of crazy to be nursed back to health by someone who is responsible for your being in that condition, but I digress.
Anyway, COVID is just one thing, but if you look at all hospital infections this year resulting in injury or death, I imagine COVID passage won't even constitute a majority. It's a huge problem all around, this one is just on the surface and getting noticed, but it's been an issue before, and will be an issue after.
We are a great company doing great things. As vaccines come out and the virus goes away, we might see some temporarily lowered enthusiasm.... but I will see that as a long-term buying opportunity.
Good luck to all!
I thought we already had a 'deal'. ??
Thanks for posting, I agree with all points, but I'd like to add that I think it's better to be proactive than reactive.
Yes, we are owners of the patents and *should* benefit, but I don't want to wait for 'negative' things you reference to happen (Billy diverting funds to himself)
It's much more difficult and time-consuming to claw back ill-gotten gains than to prevent them from being 'ill-gotten' in the first place!
While your brother wouldn't be the one to take our case, I'd be interested on his take on the situation and any advice he may have for our group as we seek to defend our rights.
Anything new going on? When is this thing gonna get fired up?
Thanks!
"Once the company stops reporting there is no obligation to do anything cause there is no Company technically. And Billy can do anything he wants just like the CEO of Exon or an employee of a company or anyone of us"
I disagree with all of the above. Plenty of companies delay reporting, stop reporting, or never report at all. That doesn't make theft ok. He can 'do' it in the sense that I 'can' go drive 150mph right now.... but there would be consequences for me... as there would be for him.
I completely agree with everything else. I think we all like the idea of getting someone to work on contingency. Actually... to be very honest, in an ideal world we pay a tiny flat fee, someone files a few forms, and justice is done... eazy peazy. In the real world, this could drag out and costs could add up.
Does a majority holder such as Billy not have a fiduciary duty to the minority holders?
There are two separate questions here.
Was what Billy did 'legal'?
If not, would be able to get $ out of it.
I believe that any action that benefitted him and hurt us was not legal. Further, I do think we would be able to get $ in case of a settlement.
I know you disagree on the second part, but how do you see the first?
Interesting question that I don't know the answer to.
I'd say there are positives and negatives. The positive is... Diedre doesn't get to undo the deal. Billy is welcome to go on and negotiate a settlement, and some of that settlement might involve a deal for future rights, which Diedre might not get to be a part of.
On the downside, it means things are going to progress quickly, and makes our action that much more important.. (and appreciated for those who have already gotten the ball rolling).
With this development and her circa 50 million shares, I wonder if Diedra would join along with our efforts!
glad to see this. We've been due for a while. Wish I could have bought more at half this price. At least glad I didn't sell.
I am not in a privilege group, and I'd note that for any who may be,there's no additional 'privilege'... other than extra work :).
I support any efforts to advocate for shareholders!
Love it! Let the scorching begin :)
I like the idea of that. If 'voice' is a short letter from us 'to whom it may concern' that any deal that invalidates our ownership is invalid and will be contested.... I don't see what we lose by putting them on notice!
We certainly have enough shares to be represented at the table. I'd like to ask (demand) for our millions of shares to be able to elect someone to the board of directors.
We have never had a say, were never represented, and so it would seem that any action against our interests is invalid... Even the financing deal is suspect... Our 'ownership' was diluted and we never had any opportunity to help. We talked many times on this board about the potential of a 'rights offering' to get any funds needed to keep legislation going.
For every share you own, you get to buy another for a penny or something.. Those rights would have exercised or sold, and the company could have gotten the funds they needed.
If Billy made a decision to dilute ownership in order to fund litigation, then his stake should have been equally diluted. It seems he is trying to get around that and keep his stake while just diluting ours.
Interesting.....
In the arbitration, we're certainly not for her winning and getting everything, but I think we'd agree with her that he should not create a new company and to license the tech on his own.
I think her ask (reverting to previous) is something she really doesn't see as 'practical', but rather a starting point for negotiations where she simply wants her share.
I guess the most positive outcome for us would be that we (UOIP) retains ownership, but that UOIP shareholder rights are recognized... something neither of them seem to care about.
I am on Diedre's side insofar as she doesn't want Billy to have a separate company where he licenses the tech and makes a sweetheart deal in exchange for a low settlement with the 13. Ultimately, though, it would seem both are out for themselves and the enemy of my enemy is not my friend.
Even if we're not a part of the arbitration, perhaps we can send them a letter to let them know that we'll oppose any deal that minimizes our rights or something?
Thanks! We will indeed. Frankly, so much has changed with info, time, etc.. that it almost seems one would need to start over with charting this one... but I sure hope you're right! :)
That would be nice. Not gonna lie, would probably sell some at 10 cents if it got there. Bird in the hand and all.
I know you get a lot of hate on the charts so I hate to be the first here.... but just curious.. from your perspective... How much 'noise' is there in charting something that hasn't traded for 1.5 years? Are you confident in your prices?
If we started trading today... What would the share price be?
So many unknowns.... but just knowing everything we know now, nothing more, nothing less.
My guess: 2.5-3 cents.
If uncertainty was gone... more
Any other guesses?
I know this is ignorant... but what is 'SOS'? Thanks! :)
We have hundreds of millions of shares documented. While I agree that I'm excited to pursue these things, I am against any delay.
We need to be proactive and use the information we have at hand to advocate for our interests. Once money changes hands and gets to Billy, I fear it may be too late. Our leverage is in making our voice heard now, and potentially being a roadblock to people getting money BEFORE it's clear and legally resolved how it will be divided.
At this point, I trust the count Tony has done more than I'd rely on what Billy sends anyway.
Possibly... who knows? Diedre is out for herself and her interests. ( I don't mean that in a bad way). Our interests may overlap because Diedre owns shares.... but her opening salvo in the filing/negotiations ( No way this would happen, by the way) is to reverse EVERYTHING... which would help her overall, even though it would reduce share value to nothing.
Our interests may overlap at points because she has shares too... But she has so many other avenues to pursue getting paid, and shares are just one of them... probably a low priority one at that.
I am glad she brought this issue to light, but we cannot rely on her nor ride her coattails here. We need to act on our behalf.
why did he start a different company and give himself ownership of it?
Why is someone taking him to court over trying to take her share?
Repeating the same thing over and over doesn't make it true, especially in light of new allegations by Dierdre that what Billy says doesn't mean a whole lot.
Are you going to address any of that, or just rely on the statement you keep repeating?
That's odd that they wouldn't show it.. While it's been delisted, it's certainly not a 'valueless security'. My company has kept things on the books for many years. 5,10, etc. I saw a settlement of some GM notes that had shown valueless forever.
I'd suggest reaching out to them and confirming ownership. You bought that and you own it whether it can be traded and whether the market can value it or not.
My friend is over at TD and I guess he needs to check his account now. Anyone else seen this???
I chose $5 because many of us sent dilly $5 or $10 for pacer docs without knowing exact identity. That worked out fine for everyone involved.
As far as the due date for the money.... Non-event as far as I'm concerned. Interest payments of $25k a month were built in for just such an occurrence.
If anything, I believe the technical 'default' strengthens our position..... as it strengthens Dierdre's that there should not be any dilution of her ownership stake without her permission and that things should go back to status quo where there was no UO!IP and all that. A judge/arbitrator may give her position even more deference now that money is past due.
Given the current state of things, I might not send $5 to an anonymous person either. BUT.. there are people who have actively posted for years here, and that matches up with their profile that has existed online for years, and that, in addition to the removal of anonymity... makes me feel fairly secure in sending money if and when it's determined that we need to pay a legal retainer or something.
We all put a lot into UOIP, and it only makes sense to be willing to back that up and defend our rights if the need arises!
Totally fine with me!
I'm simply saying that IF there is a small group of people speaking to a lawyer, collecting money, etc. on our behalf, then it makes sense for at least those folks to take the plunge and be clear about who they are (as they all have).
Sending $5 for documents is one thing. Sending $hundreds for a lawyer (if we go that route) is quite another. I'd want to know a name, not just a user ID, if I'm sending real money to someone.
I am totally in support of this board, and I'm in support of those who wish to remain anonymous on this board. Furthermore, I agree that this is a good place for discussion. We're all in this together and a positive resolution will benefit all whether one is the most frequent poster, whether they've never heard of ihub… and all of us in between.
Good luck!
Good morning and thank you for posting!
For the record re your earlier message, I'm all for your involvement and concur with Ice's recommendation for you to represent the group of holders.
Since meetings would need to be via zoom, etc., the issue now is trying to get everyone's real names/addresses and making sure there is transparency. If you want to go that route, I'm your biggest supporter. Some wish to remain anonymous, and that's totally fine too.... but to represent the group, it makes sense for all of us holders to 'know' that person.
For the record, my name was suggested and I took myself out of the running. Ice was suggested and opted out too. I think we can all rest assured There is a solid group there and I have every confidence that we'll head in the right direction. There is plenty of opportunity for the rest of us to continue to post, research, suggest, opine, etc. and work towards a positive resolution.
God Bless all!!!
"chanbond wins, we all win" is not good enough... Billy wins much more than the rest of us under his waterfall and new company arrangement.
Also, if he "couldn't care less about this message board" and if he hasn't done a PR or filing or any communication whatsoever in years to shareholders, then, by extension, I'm not seeing much evidence of his caring about shareholders themselves much more than the board. Not saying her doesn't, just saying that I haven't seen it.
It's great to repeat the mantra that we'd all win, but his actions demonstrate that there is at least a legitimate question as to whether it is truly his priority for shareholders to win. Also... as Deirdre alleges... statements don't mean as much as what is written on paper.. and what I currently see on paper is concerning.
Billy may very well see a 'win' for shareholders as giving us all $0.02 a share. That's more than most people paid for their shares, so it's a win, right? That may be so according to him. A win in my mind is getting our fair share... and based on recent events, I'm not entirely comfortable that he'd just voluntarily do that for us.
Good evening!
I have been reading through the complaint as my ipad keeps shutting down... so I've only gotten bits and pieces... but the issue for Diedre as I understand it is:
Diedre is entitled to 22.5% or so for settlement on the theft of the tech She thinks the monetary settlement may be low because Billy will let them off the hook settlement-wise if they license the tech going forward.... and in doing so working around having to pay her 22.5% for a 'settlement' since they'll just call it licensing or royalties or whatever.
On this portion of the issue, we shareholders ren't necessarily aligned with her. In theory.. since our shares would give us equal rights to money whether it's settlement money or royalty money, we shouldn't have any concern what heading it falls under.
What we do agree on, though, is that we have a problem with the change of the ownership structure, the dilution without notification, the use of company money for personal expenses (some of which, no doubt, paid for legal help in restructuring to the detriment of minority holders), and creating of a separate entity to monetize and license in the future where we'd feel that all uoip activity should be conducted under the current ownership structure.
Is this about right so far?
Thank you all!
My grandmother-in-law passed away this Monday. She passed away from Covid. She took all precautions she could. It was confirmed by her Dr. this morning (based on entrance tests) that she got the virus in the hospital.
Our product could have saved her life.
PCTL is going to go through growing pains and the price will go up and down, but what we are supporting is more important than dollars and cents.
Best to all, God Bless!
one thing at a time??? Maybe she's leaving that one for us to fight....
If I got $5 million off the top and then whatever the payout would be on 44 million shares.... I would absolutely be pushing for a settlement of any amount over $5,000,000.
$5,000,001 would be just fine for me.
Her interests are not aligned with ours because of the first $5M thing. Any payout on shares is icing on the cake, but she'd much rather get a no risk $5,000,000 right now rather than wait through a trial and all that to get her $5m plus whatever the shares would pay.
If someone offered you
100% $5,000,000 right now
or
25% $25,000,000 in 10 years
I think most of us would take the first. These numbers are examples, but she's done the math and figured that she likes the first number better than whatever she's calculated for the second as well.
Have you reviewed the documents and talked to Billy about them?
Saying what you've said is like saying if Big Macs sell, McDonalds wins. It shouldn't have to be said because it's obvious. The fact that it even needs to be said here and that there's some question means we shouldn't take anything for granted.
I'd love for it to be so simple, but don't see anything to gain by sitting around waiting for people who may or may not be trustworthy to give us bags of cash.
It's rightfully ours, but we may need to work for it.
Question is.... who is "we"..? We know 'he' wins.. Maybe he means
Him and the lawyers
Him and the inventors
Him and his wife
Him and you, whoever you are
There seems to be a pretty strong majority of shareholders who disagree that the creation of UO!P and the waterfall is an example of us winning.
Also.. Billy would probably give us each a few cents a share and feel good about himself as letting us 'win'... when really... we deserve so much more. Winning to me is not making money, it's getting a fair payout based on the number of shares I own.
If you have any evidence (cell transcripts/phone records) then feel free to show them. Otherwise, this is all ringing a bit hollow. We have someone else who has talked to him who says we're on our own. Who to believe?
Frankly, Billy can do what he wants..... I think we'll win either way. We might just have to litigate and put him in jail in order to do so. Might want to give him a heads up next time you speak.
God Bless sir!
'UOIP shareholders'. What is your name in real life? Make the request!
Thank you for posting this!
Thank you all for work you're doing in trying to track someone down.
Personally, I strongly prefer contingency. If can find someone to pay $500-$1000 to review, and then take the case on contingency, than to me that is better than paying for 14 hours. This is going to go on much longer, and I doubt we would all be able to come up with an agreement on providing the many thousands to keep it up.
Frankly, I don't even think we need the 'best' lawyer... simply someone who could file, represent us, and cause some delays if they're really trying to steal from us.
Go fund me takes 6 or 7% I think... We need to find a better way.. Someone can just collect through paypal or something. transfers are free.
I am as well. I think most of us would be willing to throw in $50.
Frankly, I don't think we need a high priced hotshot attorney at this point.. I think we need someone who can file some paperwork and let everyone know we're around and we care.
At the very least, we can compose a letter to an arbitration judge documenting what has happened.
In Ice 2014's payout chart... the inventors came in even above Billy.
They might not love it on our behalf... but they're not any worse off.. Their value is not in any shares they may or may not own, but their place in the payout structure.
It seems any side that wants to be fairly represented in this is going to need legal representation. I'm sure the inventors have their own person they're consulting.
I think your post should be stickied or coined or whatever. If it is accurate, then I don't know if legal action on our end is needed.
If we got nothing then Carter is getting nothing also.. What are we doing to sue him for? If these numbers are right, then he simply took some money to keep litigation going on faith that he'd get to settle for a large amount.
Based on your analysis, the only way I'm losing money is if Carter gets less than $13 million or so.
He's obviously not going to settle for an amount where he gets nothing. I need to look and read through this but to be very honest, I'm scared to based on the dire things I've heard. I really, really, really want to hope your post is accurate.
If it is, I think we're in good shape.
Good luck and God Bless all! I hope this board ends up owing Carter an apology. :)
Is this so bad? If your numbers are accurate, then.. based on people's WAGS about settlement amounts... we should get.... something.
Seems like if Carter wins, we win.
If you're correct, then I break even at about $220M settlement.
Carter is not going to settle for getting nothing, so maybe not all hope is lost?
I need to take the time to read through this at some point