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#OK, WHO SOLD THOSE 40 SHARES? PLEASE!
# WHERE IS THE PROOF OF YOUR STUFFING?
IF YOU HAVE IT, SHOW ME
JMHO
Our Independent Auditors have expressed substantial doubt about our ability to continue as a going concern.
After current review of INLF filing, we are looking at a shell with no value.
Im taking my long term loss on next year tax return. Should have taken my money out years ago.
Good luck to all.
JMHO
#JUST TAKE YOUR MONEY AND RUN, OR YOU COULD SHORT YOUR SHORTS.
JMHO
#AWE SHUCKS.
What does that mean to the stockholders? Good, bad or other?
Thanks
You make it too simplistic. Every industry has had their share of problems, what should we do?
Sell our stock,bouycot, or get sick and die right now?
JMHO
Sell your car, and Ride a segway.
THATS THE ECO WAY.
I dont think so, If there is any major news, it would be something that would make this stock spin.
JMHO
We all need a lube job every now and then.
JMHO
THANKS FOR THE UPDATE.
#YOUR THE SHARK!
Way to go Vinney, you made my day.
Do you have any proof regarding the supposed dillution? If you do, please show.
JMHO
RockyW
Would the current 10K make any mention to current Lawsuit against E-Bay?
I've waited 2years whats onother year or more to wait. I see gold at the end of this wait.
Thanks Rocky for all the info.
what do the first two links mean - what should one take away from them- Are They borrowing monies from them?
How will this enhance the price of the stock?
Thanks for your help.
# FYI
From Chardan Capital Markets today. I’m sure it’s just the beginning but it’s a start.
Company Update
March 25, 2014
IP Monetization
PAID, Inc. (PAYD - $0.17) COMPANY NOTE
JAMES McILREE, CFA, Senior Analyst, 646-465-9034
Stock Data 03/25/14
Price $0.17
52 Week Range ($0.06 - $0.26)
Market Cap (mil) $57.06
Shares out (mil) 328.87
3-Mo Avg Vol 518,747
Monetizing patents on real-time rate engine used in
online auctions.
PAID Patent Portfolio
PAID, Inc. owns five patents and a sixth pending, that cover systems
and methods to improve online auctions primarily with a real-time rate
engine that calculates shipping costs for items purchased online, including using a zip code as an indicator for the destination’s location. The company’s first patent #7,324,968 was granted on
January 29, 2008 and four subsequent patents have been granted that deepen the original patent’s claims.
From the original patent, “Methods and systems include an application for facilitating seller estimation of shipping costs, including various components of shipping costs, and for providing to the buyer a shipping estimate based on the circumstances of the buyer and the auction.” The patents apply to “auction-based online commerce,” but also the term auction “should not be understood to be limiting except where context requires it.” The subsequent patents included
calculating shipping rates across multiple carriers, multiple buyer and seller locations, enhancements for shipping preferences, calculating taxes, calculating shipping rates on the seller’s preferences, third-party fulfillment options and rates charged by common carriers.
IP Monetization Status
On December 20, 2013 PAID filed suit against eBay in the US District Court for the District of Massachusetts. (Case number 4:2013-cv-40151). In its suit, PAID asserts, “Through the late 1990s, Paid conducted a variety of online auctions, including specialty auctions for sports memorabilia. From 1999 through 2000, Paid expanded its operations to include online auctions using eBay’s online platform.” PAID claims it demonstrated the online shipping calculator to eBay in December 2001. eBay declined to license but started using an online calculator “that bore striking similarities” in June 2003. PayPal filed application for online calculator in 2003 but
its patent application was rejected “as unpatentable in view of Paid’s earlier patent application.” eBay responded to Paid’s claims on February 26, 2014 asking the court to dismiss PAID’s claims for indirect and willful infringement claiming PAID’s suit does not provide information on the identity of the direct infringer, nor any actions eBay has taken to induce infringement, nor was it aware of PAID's patents.
On March 12th the company responded to eBay’s motion to dismiss and filed an amended complaint to include the ‘150 patent (which was issued on January 21, 2014) against eBay. The following day Judge Hillman denied eBay’s original motion to dismiss but eBay can now file a motion to dismiss against. PAID’s amended complaint. If this is dismissed the judge will agree to hear the case and then set a schedule. A Markman hearing is possible by the end of this year or early next year. PAID retained Hunton & Williams, on a contingency basis, to represent it in its litigation against eBay. The company has struck an arrangement to limit its out-of-pocket expenses. According to company filings with the SEC, Hunton (and possible financiers of expenses) will receive no more than 35% of any proceeds after an agreed upon, and undisclosed, amount of expenses are recovered.
This arrangement allows PAID to pursue its suit without incurring potentially large upfront costs. The damages could be significant particularly relative to PAID’s market cap of $59 million. The number of transactions on eBay has risen from 805 million in 2008 to 988 million in 2009 and 1.3 billion in 2010 eBay Marketplaces had over 550 million listings globally in in 2012 sold over 2 billion items. Annual sales for eBay exceeds $12 billion.
If PAID is successful there are other online operations that it could pursue for damages including
Amazon, with over $75 billion in sales, (but probably fewer transactions than eBay), Home Depot, Loews, Best Buy and Target. This suggests a very large potential for PAID even at quite low fees per transaction or listing.
Company Background
PAID began in 1999 as a sports memorabilia auction site and developed a suite of tools, including systems to calculate shipping and taxes, to increase the sites functionality. While the tools were developed for internal purposes, PAID recognized the shipping calculation engine had broader applicability and launched it to the public in 2001. Over time the company entered other lines of business including web-presence and other services for entertainers and businesses, brand support and selling merchandise for celebrities. We believe going forward, the company will focus on Auction Inc, selective profitable existing services, and monetization of its intellectual property. We believe the cash burn will be reduced to about $250,000 per year while the suit against eBay proceeds, which is probably about two years of runway.
Austin Lewis was appointed Chairman and CEO on June 10, 2013, Lewis is the CEO of Lewis Asset Management Corp., Lewis and his investment firm own about 10% of PAID. Previously Mr. Lewis was employed at Puglisi & Company, Thompson Davis & Company, Inc., Branch Cabell and Company, Inc.
Valuation
Valuation for company’s whose business plan includes a significant focus on IP monetization of course varies widely based on how close the company is to generating revenue from this activity as well as the strength of its patent portfolio, the addressable market, the value of any operating businesses and the capital resources available to pursue its plans. The following table presents market capitalization, net debt, total enterprise value, cash, operating cash flow for the prior twelve months and how many quarters of cash is available assuming the most recent operating cash flow is indicative of future operating cash flow.
#Now is the time to buy.
What ever floats your boat.
Good luck#
FYI YOU ALL
RE LAW SUIT
FYI. Judge just denied eBay's request to dismiss! That ruling was fast. It's a start.
--------------------------------------------------------------
Full docket text for document 28:
District Judge Timothy S Hillman:
ORDER entered denying [24] Motion to Dismiss for Failure to State a Claim.
Plaintiff has filed an amended complaint, therefore, the motion to dismiss is
DENIED without prejudice to defendant filing a motion to dismiss against the
amended complaint if warranted. (Jones, Sherry
HHSE vs ETF alternatives
ETFs Today 3mths 1Yr YTD
HHSE 0.00% 24.14% 47.54% 55.17%
IJR 0.16% 6.27% 28.99% 2.92%
EES 0.27% 5.52% 30.34% 1.20%
SCHA 0.41% 8.63% 28.22% 4.48%
VIOO 0.08% 5.45% 29.01% 2.73%
VB 0.29% 7.19% 26.61% 4.34%
DWAS 0.28% 7.50% 32.24% 4.19%
SAA 1.29% 12.37% 64.61% 4.91%
Just the Facts jugy/
RockyW, look at current proxy material posted by E-Bay, they showed their growth over the past five years. How mutch of that growth is because of PAYD patent?
Take a peak and tell me what you think.
Thanks
Rocky, you would think today the stock would have more volume.
I think we as shareholders will have a year to wait, take a look at E-bay stock price, It seems that they are not worried.
JMHO
LONG TIME NO HEAR#
Is the stock market open Monday?
PAID, Inc. Files Complaint Against eBay in US District Court in Massachusetts for Patent Infringement
Date : 12/23/2013 @ 9:00AM
Source : Marketwired
Stock : Paid, Inc. (QB) (PAYD)
Quote : 0.218 -0.002 (-0.91%) @ 5:00PM
PAID, Inc. Files Complaint Against eBay in US District Court in Massachusetts for Patent Infringement
PrintAlert
Paid, Inc. (USOTC:PAYD)
Historical Stock Chart
2 Months : From Dec 2013 to Feb 2014
PAID, Inc. Files Complaint Against eBay in US District Court in Massachusetts for Patent Infringement
WESTBOROUGH, MA--(Marketwired - Dec 23, 2013) - PAID, Inc. (OTCBB: PAYD) filed a patent infringement lawsuit against eBay Inc. in the United States District Court for the District of Massachusetts on December 20, 2013. PAID is represented in its lawsuit by Hunton & Williams LLP, an international law firm with intellectual property attorneys in multiple offices around the world.
PAID, Inc. owns patent numbers 8,521,642, 8,352,357, 7,930,237, 7,324,968 titled "Method and System for Improved Online Auction" and has additional continuation claims in process before the U.S Patent & Trademark Office (USPTO). These patents relate to the real-time calculation of shipping, insurance, and taxes online.
"PAID has been a key player in developing technologies and methods relating to tools used to facilitate commerce online," stated Austin Lewis, PAID's CEO. "We will continue to grow our customer base and add functionality to expand on our portfolio and solidify our position as an innovator in this space."
PAID originally filed its patent application in March, 2002, to solve a pervasive problem in the online marketplace. PAID was awarded its first patent, No. 7,324,968, on January 29, 2008. This patent relates to the real-time calculation of shipping costs for items purchased online, including using a zip code as a destination location indicator. Our second patent, No. 7,930,237, was issued on April 19, 2011 and, among other things, facilitates advanced, rapid, accurate estimation of shipping costs across multiple shipping carriers. Our third patent, No. 8,352,357 issued on January 8, 2013, covers systems and methods for calculating shipping and taxes associated with items offered for sale on online. The fourth patent, No. 8,521,642 issued on August 27, 2013 focuses on systems and methods for calculating shipping and taxes associated with items offered for sale on websites with multiple sellers. For full patent details, visit www.USPTO.gov.
"We intend to protect PAID's intellectual property and enforce its property rights amongst all infringers," added Lewis.
About PAID, Inc.:
PAID, Inc. is a one-stop brand management and marketing resource to music, entertainment and sports personalities and organizations, and offers AuctionInc™ online shipping calculation and shopping cart software employing its patented technology to streamline ecommerce. Known for quality and customer service, PAID offers turnkey online, mobile, social media and traditional marketing campaigns, as VIP ticketing, web site design, merchandising, ecommerce and fan community management programs. More details are available at www.paid.com.
About Hunton & Williams L.L.P.
Founded in 1901, Hunton & Williams is committed to providing quality legal service to its clients, whether an individual, global corporation, government or other entity. The firm has more than 800 lawyers practicing from 19 offices across the United States, Europe and Asia, helping clients realize new opportunities and solve complex problems with confidence. The firm's practice groups provide full services to clients across a wide variety of practice areas, including intellectual property and commercial litigation.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995:
Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the markets, the success of any litigation, the successful monetization of the patent, variations in the company's cash flow, competition, celebrity programs, business development efforts, technology availability and cost of materials and other risk factors. Factors that could cause actual results to differ materially are discussed in the Company's most recent filings with the Securities and Exchange Commission.
Bookmark With :
THATS WHO PAYD IS
Wishful thinking, shares were issued to an Edward Johnson.
Iwould love to be able to see on their y/e balance sheet the breakdown of future liabilates, E-Bay had to have known this suite was comming,
JMHO
RockyW, any comment on E-Bay filing of Amended Statement of ownership (sc-139/A).
Could this have to do with Paid Lawsuit?
Thank You.
RockyW, any feed back from E-Bay?
Thanks
RockyW, do you think that E-Bay will have a reply to the law suit or will they file for a dismissel?
With all the facts against them, I dont see how they could, but you never know.
JMHO
Rocky, based on this settlement, how does this fare for Payd suit against E-Bay?
Thanks
Do you have any idea how E-bay will respond to the lawsuit issued by Payd? Will the settle or fight?
Just asking.
IF I was HHSE, I would sue and force you to show me where you pulled this BS from. If you have so called goods, post on face book.
This may get delleted, at least I know I had my say.
Looking Goood.
Is this the last trading day for this week, or will the market be open Friday?
Thanks
Is the stock market open Monday?
Thanks
fyi
FINRA HALT For All OTC
On Thursday, November 7, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) halted trading in all OTC Equity Securities pursuant to FINRA Rule 6440(a)(3). FINRA determined to impose a temporary halt because of a lack of current quotation information. Therefore, FINRA has determined that halting quoting and trading in all OTC Equity Securities is appropriate to protect investors and ensure a fair and orderly marketplace. The trading and quotation halt began on Thursday, November 7, 2013, at 11:25:00 a.m. E.T. FINRA will notify the market when trading may resume.
http://www.otcbb.com/news/2013/GeneralNews/110713.stm
On the filing Who or What is Truman press?
National Bank of California v. Truman Press Inc et al
Filing: 45
JUDGMENT FOR PLAINTIFF by Judge Margaret M. Morrow, (MD JS-6, Case Terminated).
When is the BP ex-div date?
Thanks in advance.
If your so Sure, BUY BUY#