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Just throwing it out there. If Billy had no authority to accept a settlement from the lawsuits. Is the settlement agreement still binding? Could this thing open back up?
Fantastic if true. Thanks Ranger.
What are your feelings that monies have already been dispersed to Carter? He must have some idea that the jig is up and the noose is tightening. He should do the right thing and pay the shareholders. Then face the consequences of the loans he received from the others due to his false waterfall.
It also states "personal liability." Lets go after his remaining shares. I know that would never happen. Just wishful thinking.
I remember back when I first bought shares in Uoip. Someone was saying that the newer shares were possibly bogus, and only shares bought early on were the legit ones. Could it be that a lot of us bought Carters shares that he dumped before he changed the waterfall? Maybe. But your post just made me smile at the fact that he could lose most of his shares and majority shareholder status if all this pans out in our favor. Awesome post. Thanks.
Thank you for the update.
Are we sure this isn't our Billy? It was filed on June 16th. 3 weeks before settlement. Maybe it was a pre-emptive strike by the SEC due to the waterfall being changed to exclude shareholders. "that any person has engaged or is ABOUT to engage in any act or practice constituting a violation of any provision of this title". Maybe that letter to the Judge prompted him to notify the proper authorities to take a closer look. Who knows? Any more info about this? I don't have pacer.
Happy birthday Devil Dog!
Fantasy land, pinky land, wishful thinking land. I could care less. I just wish this case would finally settle.
Where’s a good lawyer who knows what he’s talking about when ya need him? This thing will go on forever :)
The defendants stopped the trial. I don't see negative money here.
I'm was referring to the fantasyland court case. The one that will never ever settle and remain in the court system forever.
By the looks of it, my grandchildrens grandchildren will still be waiting for this to settle. The 13 should just do the right thing instead of dragging this on and on and on…….Gita.
No obligation? Maybe so. But he also had no authority to change the waterfall and the percentages of windfall from a settlement or win.
Screw it. I can’t wait that long for this to settle. I’m selling all my shares. Is there a lawyer in the house who might possibly want my shares.
We settled? When did that happen? I wonder if the lawyer knows this has happened. Great to know!!!
I'm long, but that there was funny.
I agree. What's he gonna do? Admonish the old owl again? What harm would it do to tell us what was said during the conversation? I'm gonna go out on a limb and say that that was the last time he called to him.
Even if it's not separable, no one should be trying to defend anyone. The shareholders are the innocent party here. Until all facts are out, everyone's a suspect.
"Made some bad calls"? Seriously? That's an understatement. Stop trying to defend the guy. If what Deidre says is true about another waterfall, then any ethical person would not do what he did.
"Riddled with inconsistencies, holes, poor judgment, etc." So this is all just one happy accident? Since he wasn't guided properly, that gives him licence to try and steer any winnings away from shareholders? Come on man!
This isn't being "TOLD" to do anything. From what I read, this is just Worlds asking and urging for a reversal of the decision.
Exactly right. Without the patents, this is easily another pump and dump. That’s the only reason 99.9% of existing shareholders are still here. The rumors about blockchain investment were cheap water cooler conversation to pass the time. Nothing ever came of any of it. If it were a real consideration, I think this stock would surely have been diluted to fund it. Thom is busy doing his own thing. He’s gotta feed his family. Can’t say that I really blame him for anything. This was his golden ticket too. I hope this somehow works out for all of us. And I still think we have a halfway decent shot at the appeal after the bs that Casper pulled.
How many shares does Worlds own?
It’s material to their shareholders, isn’t it?
Sorry meant to say unified. Too early in the morning.
Sorry, didn’t mention inc. but I did mention the ticker symbol. What are the odds of there being another United online with 1.6 billion shares? That’s the number that’s been going around here for the last couple of years. So I didn’t question it.
Did you call the same number that was posted earlier? The message said to wait for the first available representative. That’s when I got Paul. At first he said they don’t deal with United online. But found it because they had it as one word. “Unitedonline”
Most are only thinking out loud. But yes, it would be great to hear from them.
I was thinking that. Trying to stay optimistic. The TA should have been informed already.
I’m really not sure how the TA process works. Should the 13 have been in contact with our TA from day one?
Is 2 weeks enough time to hash out what all parties should get? Should the TA been notified already? If Billy were going to switch things back to the way things should be, one would think he would have been in contact with them yesterday. After all, he has (supposedly) possession of 900 million of those shares. If I were him, I’d take a plane straight to the TA’s office if I had that many shares. Maybe we’re premature, and it takes a little longer. The silence is deafening.
I'm rooting for you to win the pool Phil. Good luck to all of us.
The settlement money was accidently wired to Cayman island account? I'm sure they'll fix it.
Hey Tony, I just talked to a Paul at old Monmouth and he says as of todays date there are roughly 1.614 billion shares outstanding. He also confirmed what another poster said earlier that there is no information of any lawsuits/settlements with the company.
Maybe one of the shareholders who has Billy on speed dial can send him this chart. Very nice by the way.
Not as good as a settlement, but I'll take it :)
UOIP was delisted and went private. It was never dissolved.
I didn’t know delisted and dissolved meant the same thing.