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I agree. Anyone who’s been here long enough knows this to be true. Hopefully the amount of money is large enough that they can’t help but to benefit and reward shareholders.
I know what you mean LocWolf. Given the past it’s so difficult not to be skeptical and suspicious of what’s going on behind the scenes. I really hope that Intel settles and it opens the flood gates for other companies to start using the tech legally and doing proper licensing deals.
There are way too many shares on the ask. Looks like the company is dumping shares.
It’s going to be really volatile I think as day traders take advantage of the swings.
I agree many newcomers may dump it and go to the next hot stock if it doesn’t move up fast.
But the fact remains that hdvy has a solid case and potentially huge payday ahead of it.
It needs the next catalyst to trigger another buying frenzy.
I think it needs to break 50M in volume to really move. Unfortunately most funds are not allowed to buy penny stocks and there is no analyst coverage to give any professional assessment of the settlement probability.
I'm guessing it needs to churn thru a bunch of limit sells that might have been in place for awhile. Some people might not be watching or forgot they have them in place.
If Intel settles then I think many other companies will finally negotiate. I hope the lawyers know what they're doing.
Looks like the big seller is gone for the moment. Maybe it moves up from here more easily.
just to clarify, HDVY's revenue is from previous settlements with NEO. I'm not aware of any organic revenue.
I don't think that any apology is needed LocWolf. The lack of communication, the excessively long delay in getting to this point, the crazy amount of preferred shares and bonuses among other things are simply unacceptable for the leadership of a public company.
But here we are so now we can focus on the future and hopefully it finally works out for shareholders.
over 2 million shares on the ask. Someone is dumping, I hope it isn't the company.
This is a big reason why Intel would likely want to avoid going to court. A jury could award triple damages if they determine that infringement was done knowingly. At these amounts triple damages could be enormous.
Long term shareholders have watched as other companies make a fortune off HDVY's patents. Maybe this time shareholders will finally get fair compensation?
anyone remember the Vermillion story? They emerged from bankruptcy and the stock shot up over $300. HDVY management should have learned that most companies won't pay licensing fees unless forced via lawsuits.
https://www.biospace.com/article/releases/vermillion-pays-health-discovery-corporation-final-patent-infringement-settlement-payment-/
From 4 cents to $7? That would be unreal if it happened with AIMH. It would create a bunch of new millionaires. Is it really possible?
Which is why it’s strange that Intel wouldn’t negotiate with HDVY over the past year. Why make HDVY file a lawsuit unless they think they have a defense or want to drag this out as long as possible.
A couple interesting details from the transmeta case:
A) it only took exactly 1 year from the time transmeta filed the lawsuit to the time they reached a settlement with Intel (Oct 2006 until Oct 2007).
B) AMD invested in Transmeta around the same time.
This might foreshadow what could potentially happen here.
I hope the lawyers are up to the task. This is a monster case worth possibly billions against the biggest companies in the world.
Good point LocWolf. I have to set aside some time to read thru the case. I agree they should start with the most obvious and perhaps easiest target namely Intel.
If the technology is incorporated in chips it’s possible it’s used by intel’s competitors. Think AMD, Nvidia etc. it’s also probably used by Amazon, Google, Microsoft, Apple and others.
Is the company dumping stock already ?
Today’s action should trigger a bunch of price alerts and draw more attention.
will keep an eye out for it LocWolf. It's nice to see the increased interest and new posters. Hopefully it lasts for more than a day.
That's a good question. Ideally a settlement is better for HDVY because there are many other big companies infringing on the patent and HDVY should pursue settlements or licensing agreements with all of them. However, given HDVY's horrific history of mismanagement, a buyout is probably better for shareholders.
correct. Intel and HDVY battled over rights to the patent for years. Intel lost the battle last year and HDVY tried unsuccessfully to negotiate terms of licensing. Now HDVY is suing Intel for damages.
Intel and HDC are not strangers
I love that line. As many of us have suspected all along, Intel didn’t try to patent the technology for nothing. They must be using it and wanted to protect it via a patent. Now they have to pay HDC for using it. They should have settled the week after they lost the patent battle.
Lol. Yeah. Lawsuit vs Intel.
Gapping up a bit this morning. .015 x .02 so far.
It only took 15 years but better late than never? We’ll see. I was also wondering if this lawsuit motivates other companies to negotiate licensing deals but I think they are more likely to wait and see what happens with Intel. I’m sure Intel’s strategy is to drag this out for years until HDC goes broke.
What I don’t understand is why Intel didn’t buy HDC already and then go after infringers itself. They must know that many companies are using the technology and they have the resources to pursue them aggressively.
Apparently the PR was released early this morning but didn’t get much attention all day.
https://www.marketwatch.com/press-release/health-discovery-corporation-files-infringement-suit-against-intel-corporation-2020-07-23?mod=mw_quote_news
Case filed in Waco Texas
https://mobile.reuters.com/article/amp/idUSL2N2EV02M
Very good question LocWolf. I’m guessing the other firm asked not to be named but not sure why they want to stay anonymous. The bigger question is why haven’t any of these threads come to fruition after more than 7 months?
I can’t wait to see what if anything the infringement PR with Intel does for the share price tomorrow.
It’s kind of a strange coincidence that following this discussion today hdvy issued an infringement PR.
I think the problem with that claim is that hdvy doesn’t have any products that compete with Intel products using the patented technology.
They could claim lost royalties and a court can award a reasonable licensing fee. The court can also award up to triple damages if its proven that the infringement was intentional. I suppose Intel could claim it didn’t knowingly infringe because up until 2019 they thought they owned the patent themselves. Like most patent cases this is complicated but at least hdvy is FINALLY taking action.
https://www.nolo.com/legal-encyclopedia/what-types-of-damages-or-compensation-will-court-award-for-patent-infringement.html
What are the revenues for this so called product?
Let’s not get crazy with questioning motives here.
I’m guessing the lawsuit will specify what they’re asking for and a jury will determine if or how much is awarded. Of course it might never get that far.
Damages would have to be punitive. HDVY doesn’t have any products so they can’t claim lost revenue.
Tomorrow could be interesting
This could be a very rare opportunity if it all goes ahead as planned.
I get sickened when I watch NEO shareholders get rich while hdvy go bankrupt.
I’m convinced there is a huge scam that hasn’t been uncovered. There is an incentive for this company to do nothing with the patents.
Usually the new owners require at least 90% ownership of the stock. They get it either by buying 90% of shares from previous owners or by a reverse split followed by issuing enough shares to own 90% or more of outstanding. Are you saying that new owners have already acquired 90% of shares?