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Optimist vs Pessimist? How about Realist!
After how many toxic dilution, reserve splits, poor decisions by INVT will it take to actually call it like it is.
Don’t bother answering. IMO
I am here as well for the ITC litigation and I too am long.
IMO That’s incorrect information, but since you found it on the internet then it must be true.
To the best of my knowledge, Mr. Beyer’s and the board (assuming there is still one), never voted on nor filed documents under Section 12(g)(4)/Rule 12g-4 under the Exchange Act. Therefor it is my opinion that Inventergy is indeed delinquent in their filing requirements.
Where did all the money go that was raised in 2017? Odd all SEC filings ceased not long after that.
Not accusing anyone of anything, but highlighting factual information found in prior SEC filings.
IMO
I agree with most of your posts but are you a securities attorney? Do you work for the SEC within their compliance division? If no then I would temper your opinions on what the company is legally obligated to report. My understanding is the company is delinquent in their reporting requirements, and regardless of what exchange they trade on, there are still legal reporting requirements that must be meet. So while the company may not want to “tell us” anything, IMO, that doesn’t exempt them from reporting to respective government agencies. My theory is the company doesn’t have the money to finish accounting and ultimately regain compliance by submitting the required filings. JMHO.
Jack. My opinion is there are cases with real merit and there are cases that are nothing more then a shakedown. Attorneys, patent holders and those using and or infringing on the patents know the difference. Just like patent cases, shareholders also know when it’s time to seek councils opinion to determine if their investment needs protection from “infringers”. IMO
Electronic Frontier Foundation just took on INVT and won.
Quite an interesting read. Not sure who even reads these posts, but maybe the EFF can assist INVT shareholders with getting them (INVT) to communicate with shareholders. Are there revenues, are there salaries, does the company make money, are there corporate officers, is there a board, do they get paid, have similar lawsuits been settled, if so where has the recovery gone, what happened to all the money? IMO
https://www.eff.org/deeplinks/2019/09/inventergy-backs-away-nuisance-lawsuit-over-gps-patent
Can’t explain the volume but my theory is it’s nothing more then penny stock gamblers or existing longs so far in the red they trying to average down. Beyond that, this stock and company are nothing more then an after thought. Also can’t explain the corporate silence. There was an audit that upon completion the company should have been brought current with SEC filings. No idea if the audit was completed as it’s been nearly 2yrs but my intuition is the company (who ever is still left) decided silence is the best legal strategy forward. IMO with the many reverse splits and questionable decisions, shareholders have never been a priority for the company. I’m still long and haven’t sold but I am beginning to think of this as a total loss. In my humble opinion.
Inventergy field against Micron
Party NameInventergy LBS, LLC (pla)Case Number2:2019cv00239Case TitleInventergy LBS, LLC v. Micron Technology, Inc.CourtTexas Eastern District CourtDate Filed07/01/2019Date Closed
Casio settled with INVT on 7/17.
Party NameINVENTERGY LBS, LLC (pla)Case Number2:2019cv12210Case TitleINVENTERGY LBS, LLC v. CASIO AMERICA, INC.CourtNew Jersey District CourtDate Filed05/06/2019Date Closed07/17/2019
“This firm represents defendant Casio America, Inc. in the above referenced matter, and writes to advise the Court that the parties have reached a settlement in principle in this matter.”
WTF???
Indeed strange. New cases filed as well vs Casio, EasyTracGPS & Tracking the World, respectively.
The fact the Verizon case was voluntarily dismissed a week ago without so much as a peep reflected in the stock or press is baffling. Also equally baffling the case against Whistle Labs was apparently settled on Wednesday, again nothing.
I suspect this is part of the FIG (SoftBank) First IP FUND. I would also think that with all these new alleged patent infringement cases and rapid unified agreements to dismiss, that the defendents in each case are agreeing to paying licensing fees.
This is significant to the INVT business model and even more reason the stock not budging is baffling. I may add more to my already large position.
In my humble opinion.
That may explain some of the stove-piping of information but certainly not all. Clearly based on the PACER activity there is quite a bit of activity unrelated to the primary Apple litigation, but again that information hasn’t been released by the company. Maybe there’s a self imposed “gag order” until the SEC filings are up to date?
Disclosure: LONG INVT
So this is part of the Inventergy Innovations intellectual property licensing campaign? Anyone have any idea where Inventergy’s corporate offices are now located? Was recently told they vacated their Cupertino California location. Mr. Beyers a corporate update would be very much appreciated. Thank you in advance!
Disclosure: LONG INVT
Case Number1:2018cv08060 Inventergy v Verizon
April 29, 2019
NOTICE OF DISMISSAL WITHOUT PREJUDICE
Pursuant to Rule 41(a) of the Federal Rules of Civil Procedure, Plaintiff Inventergy LBS, LLC (“Inventergy”) voluntarily dismisses all claims by Inventergy against Verizon Communications Inc. made therein without prejudice to re-filing the same.
Appears to be a settlement. Anyone have any information?
Nonevent-ALJ McNamara only pushed it back 3wks
Original ID was due November 19, 2019 and the target date for completing the investigation was March 19, 2020. December 13, 2019 and April 13, 2020 is only a 3 week delay and was to accommodate the multi-week Federal Government shutdown. In my opinion it is very common for an Administrative Law Judge to extend target dates. A lot can happen between now and then (I.e. settlement).
Disclosure: LONG INVT
IMO someone is quietly accumulating shares.
I also think the stock is going to take off, soon. Possibly quiet accumulation front running a coming significant catalyst? Would love to see some massive buys and put the price in the .15-.20 range.
Again in my humble opinion.
Disclosure: LONG INVT
I agree with all your points. From public facing documents, Mr. Beyers and Inventergy seems to have gone virtually dark. In fact they are no longer at their Pacific Workplaces location in Cupertino California. Pacific Workplaces offers both virtual and physical space, so I have no idea if Inventergy ever actually was physically there.
With all that said, one only has to spend a few minutes reviewing recent PACER filings to glean just how busy Inventergy has been on their multiple current cases and business front. I believe a cases were recently settled as well, yet again no updates to the public facing side of the business. I also believe the original delay in releasing updates was due to possible accounting issues from the auditors which what was delaying the 10K. Someone here mentioned something on this as well a while back.
Well I hope Mr. Byer’s is plugging away and is successful in holding Apple accountable.
All in my humble opinion.
Disclosure: LONG INVT
Well put but it would be great if the equity could/would trade in line with possible future revs. In my opinion at current levels it’s like there is zero value hinged on any of the ongoing litigation.
Would be fantastic if the the company would update their SEC filings, issue some PR’s based on the many other cases ongoing that are viewable in PACER. And the argument that the company has deliberately gone dark during the litigation is preposterous. Thousands of publicly traded company’s are involved in litigation and they absolutely maintain SEC filings and press releases for other business updates. They’ll even provide minimal updates on the significant on going cases.
Would also be fantastic if executives and founders made some open market stock purchases to show support for our little company. Last I checked it’s a publicly traded corporation which is owned by shareholders...It’s not just a gravy train, right?
Just my humble opinion.
Disclosure: Long INVT
IMO INVT is so undervalued when compared to AAPL QCOM settlement. INVT is also so under the radar. Zero exposure. In my opinion Could get very interesting if real money finds INVT.
Disclosure: LONG INVT
AAPL QCOM Settle—>INVT to follow next?
Looks like INVT is under major accumulation. IMO with AAPL settling the recent cases, INVT will stand to benefit. Big things coming.
Disclosure: LONG INVT
https://www.google.com/amp/s/www.cnbc.com/amp/2019/04/16/apple-qualcomm-settle-royalty-dispute-sources-say.html
IMO Very interesting PACER activity
Has anyone reviewed the recent PACER activity? It appears a few cases were recently settled and a relatively new case was filed against Verizon Communications that appears to have significant merit. In fact there’s approximately 8 new cases filed in the last few months alone.
It would seem had Inventergy issued press releases on the settlements the equity may have benefited significantly. With all this seemingly good news, what’s Inventergy’s strategy by remaining incommunicado? A press release by a thinly traded micro cap detailing significant settlements could be huge. LONG INVT
Agreed. I view the share price as a very cheap call option.
Unless there’s been significant dilution as the company hasn’t provided any public facing information in over a year, what you are failing to take into consideration is that baring dilution, most of the 18mil OS and float are locked up. There just are not many shares available. If an entity is accumulating, small blocks are the only way to achieve this without causing the bid and ask to increase 2000%+.
Again just my humble opinion.
Disclosure: Long INVT
IMO based on price action and bid ask spread, there’s very few shares available and the pps is ready to explode. The slightest hint of positive news regarding the litigation and any real volume should create a parabolic move. Things are getting interesting.
In my humble opinion.
Disclosure: Long INVT
Breaking News:Jury Found Apple Infringed on Patents
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/apple-infringed-three-qualcomm-patents-184051996.html
DISCLOSURE: Long INVT
My understanding is that while the ITC decision has an independent calander, the ITC and law suit were running parallel. Additional I believed the ITC decision was due within next few months. I could be mistaken on both.
With regard to price action and shares. It appears nearly the entire float and O/S is locked up. Very little volume will move the price parabolically. If we see a 5 or 10mil share volume day based on the right news, the move up could be like historical.
Just my humble opinion.
DISCLOSER: Long
It appears someone is attempting to acquire a substantial position. Any news on PACER? I certainly don’t condon frontrunning on non-public material information, but in my experience volume usually preceded news.
In my opinion.
DISCLOSURE: LONG
You like that LOL
Under the circumstances management has done a good job. Just would like an update but as others have pointed out, the lack of updates appears to be part of the legal strategy. Here’s to hurry up and waiting.
Patient? I’m beginning to think this board may contain corporate proxies.
I vehimately disagree with you. How about an update on the January 2018 debt financing? How about an update for the monthly payments of principal that were supposed to begin in July 2018? How about an update regarding possible further dilution due to the debt financing? How about an update as to what the current O/S is? How about updated reporting with the SEC? All valid questions, and as a shareholder I’m entitled to answers?
I’ve got my big boy pants on as I fully understood the risks when I invested in INVT. I also understood the stock price collasped due to external forces such as Apple as well as internal forces such as repetitive reverse splits and questionable financial decisions at the expense of shareholders. So you state be patient, sure I can be patient regarding the ongoing litigation, but my patients has worn thin regarding what I perceive as an attempt to keep shareholders in the dark.
I also still believe in managements ability to take the litigation across the finish line, but Inventergy is not a DBA. Inventergy is a publically traded company that chose to access the public equity markets. Shareholders have legitimate questions and rights.
I hold a very large position and have not sold a single share, nor do I intend to. But it’s really time for the company to step up. All in my humble opinion.
I stand corrected. Mr. Beyers not Beyer’s. Either way, your shareholders would welcome even the smallest of updates.
Thank you.
Sums things up
I’ve gotta admit, the silence from the company is absolutely deafening. Nearly a year since their last filing. Mr. Beyer’s, an update would be welcome. Thank you.
My expectations are different today then they were 6months ago.
I have not sold and have continued to add to my position. If Inventergy litigation is successful then as a shareholder I stand to reap those benefits as well. But I have realistic expectations.
Hold steady on what? The trade data was a 1000 share order that pushed the stock up 300%. Great example why you always use limit orders. Two 10k share orders knocked it back down to .023. FYI the 1000 share order with trade costs was less then $100.
I may sound less then optimistic, but I really think shareholders need to understand and temper expectations. If INVT truly has any chance to reward shareholders, in my opinion that chance hinges on the ongoing litigation. Everything else and the day to day OTC Pink Sheet nuances should be taken lightly. All in my humble opinion.
Disclosure: Long INVT
I disagree. Thouroughly. In fact the buys equate to only approx $24k. Maybe big money to you or I but pales in comparison to overall dollars. With approx 25%+ of the shares locked up, this really is a low float play. Any money coming in on the buy side will push this up fast.
Someone check the law360 dockets as well as PACER to see if there are updates.
Just my humble opinion.
Someone has their foot on the accelerator. Up 300%. Bid vs Ask spread at 250%. Haha
Price preceded news or another many stock gambler like myself? The uptrend will be key.
Doubling from .01 to .02 or even to .04 isn’t anything to be excited about. Bankrupt companies such as SHLD are trading significany higher. When INVT >$1 is when I’ll become truly excited. We’ve all purchased penny options with hopes the litigation is resolved in favor of INVT.
I don’t disagree with most of your statements. But INVT had existing agreements with FIG. SB purchasing FIG as an independent subsid did not unwind those preexisting contractually binding agreements. To your point, yes Apple must take SB seriously, but no more or no less then an independent FIG.
Right now the market is placing a .02 pps valuation on the future recovery from litigation as well as INVT’s management team. Has the market been wrong before, yes, and I hope it is again with regard to current activity.
To be clear SoftBank is not backstopping Inventergy’s legal team. FIG has an existing agreement with INVT and FIG was subsequently acquired by SBGC. “Fortress will operate within SoftBank as an independent business headquartered in New York.” Any other subsequent statements are misleading.
With that said. I have a large position in INVT and have not liquidated my position, but I have recently tempered my expectations. I’m still hoping for a significant legal victory, but again there are reasons the stock is under .02 that are independent of Apple’s damages.