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Did some digging, Here's Mexican Restaurants website:
http://www.mexicanrestaurantsinc.com/frontpage
And here's their financial info, looks like WHCA paid about $13MM for the company.(3.4MM O/S x $4 per share) Last reported, they were doing about $66MM in yearly sales.
http://www.otcmarkets.com/stock/CASA/company-info
WHCA
This will never go back to the micro levels again, they have put over $20MM in assets into this thing, what you're talking about happens to penny stocks that reverse split because of too much dilution and a low share price from selling stock that just plan on doing it all over again. Do some DD on who and what has gone into this shell and you will be quite impressed.
Great news here!!! Looks like they are filling up this company with lots of goodies. My guess is we see them jump onto a higher exchange very soon.
The cert of correction covers that now, it just didn't apply to this case because it had to be issued before the start of the case to apply, not after, thus the judge had to go with the then current info, which did not have a reference to the provisional application thus making the patents invalid. The whole issue of summary judgement had to do with there not being a reference on the front page of the 045 to the provisional, and now there is since the cert of correction was granted. In the SJ ruling she is explaining why she was granting the SJ, and those are the reasons, but now the 1995 provisional is referenced on the 045 per the cert of correction. All of this is also stated in todays PR.
http://ih.advfn.com/p.php?pid=nmona&article=61455203&symbol=WDDD
Sorry, it's Sept 2013 going forward, the issued date of the correction not the filing date of the correction.
They can use the 1995 priority date, that's what the certificate of correction was for and fixed. There is now reference to the provisional application on the 045 and 690, it will be allowed for infringement from July 2013 going forward, the judge states that in the SJ order.
This verdict only applies to the Activision case, as it was started BEFORE the certificate of correction was given, all of the other cases that are started AFTER the certificate of correction came out are still subject to full past and future infringement. The whole issue was that the certifcate was given AFTER the start of the case and WDDD should have gotten it before the start of the case. That was Activisions whole argument at the summary judgement hearing.
Why would collateral estoppel apply to other defendants?
Nobody really knows when the WDDD markman will be, with the MSJ hearing set for Oct, it could easily be in Nov. or Dec. The first time it was postponed one week before the markman date, the second time two weeks before the markman date, so both sides are ready for the markman. The judge could see WDDD's notice from the USPTO and schedule the markman right then and there. It also could be first thing 2014. Nobody knows and anybody that says they do is full of it.
Go through the latest 10k with a fine tooth comb and add up the numbers, I did it a few months ago and gave up counting when I got to 250MM. The shares that were cancelled were given out at the same time, basically he used his shares to pay off a creditor. Here's my original post on the topic:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87388988
Mylikes settled 2 weeks ago because they can't afford patent litigation, plain and simple. it costs around $2MM for a full ride through trial, they can't afford that, so what were their choices, represent themselves or settle, this was just a case of the bully beating the little guy, don't make it out to be anything more than that. if Groupon settles then the rest will fall, then that would be a huge indicator of what's to come, but settling with the smallest guy in the bunch that can't afford the litigation really doesn't prove anything.
BCYP has around 250-300MM shares fully diluted, read the filings, that's why the stock is down. they have so many convertibles, options, warrants, this that and the other thing that it's holding the stock down.
Looks like WDDD is moving on news that the James Whitey Bulger trial is almost done, today are closing arguments then it goes to the jury!
God job! thanks for sharing your dd with everyone here.
Sorry Joe, not sure how you can repeatedly deny what the CEO said:
"We have been considering moving to a senior market exchange pending a successful Markman hearing and litigation," stated Thom Kidrin, Worlds CEO. "We have authorization for a reverse split from a prior proxy and want to maintain it in the new proxy so that we have the option to move to a senior exchange in the event of a successful outcome to the pending patent infringement lawsuit
http://ih.advfn.com/p.php?pid=nmona&article=57765427
This whole thread started with:
Go in peace Joe, every action has a consequence, what you sow you shall reap.
Joe, I'm sorry you've had such a bad year in the market, but don't let money compromise your integrity. A man is defined not by how he acts when everything is going good, but instead how he acts when everything is going bad. It's a shame to see you act like a bottom feeder after having you on my watch list for so many years. This too shall pass.
Please stop posting lies Joe, I've already sent you this link and quote multiple times! This is straight from a PR the CEO put out on the wire.
I talked to Mr. Kidrin today, he said the 7MM shares given to the financiers are locked up for 6 months.
Actually it does!
Did you even read the PR?
David Loren Corporation Announces Resignation of David Cohen as Chief Executive Officer and President; Appoints Warren Sheppard as New Chief Executive Officer and President.
This means David Cohen is out and Warren Sheppard is in!
I know he knows this, it's in a PR that went out on the wire, not exactly new info. he's just trying to scare some newbies out of their shares so he can buy in cheaper. there's only 1 reason anyone consistantly posts on this board no matter what they say, it's because they like this stock.
Joe, what happened to you man, you used to be a stand up guy. I've had you on my watch list for years, can't remember you ever acting like this before. I know you lost big on MIMV, telling people it was going to $10 when it was at 40c, recently hitting 5c. A mans character isn't defined by how he is when everything is going good, but instead how he is when everything is going bad.
Thank God the stock does the opposite of what he says! He was calling for the stock to go down under 20c because of dilution, and it went up to 38c! Now he is calling for a R/S, my guess the stock will hit 50c this time! We have the markman coming up, the next month should get fun now that the selling pressure is gone!
What some are ignoring, which has already been PRd, is that the CEO of WDDD had authorization for a reverse split for the past 3 years! per the rules, he was allowed to enact a reverse split up until the next shareholder meeting, now that there is another shareholder meeting, he is simply re-establishing that authorization should it be needed. the CEO also let his 15 million options expire worthless last year.
The difference between the Vringo lawsuit and the WDDD lawsuit is that Google hardly ever settles, whereas Activision is known for settlements. Google has the money to drag things out till the end of time, Activision doesn't have that kind of money.
DLCR, new management, just updated financials after being dark for a long time, should start to see PRs soon.
DLCR, new management, just updated financials after being dark for a long time, should start to see PRs soon.
Here's the current share structure of DLCR
Market Value1 $270,272 a/o Jul 01, 2013
Shares Outstanding 126,722,732 a/o Jul 02, 2013
Float 28,196,865 a/o Jul 02, 2013
HDOG, DLCR just updated all their filings at otcmarkets today, new ownership, should move big!
Series C already converted at time of deal in march, that's why no mention today! $2.3MM-$1.85MM=$450,000
The $450k@35c already traded hands at the signing of the deal. notice the difference between $2.3MM and $1.85MM=$450k
What people need to understand is that there will probably be 3-5 motions for summary judgements through out this case, at least that's what occured in the Vringo case, hell, the defendant even asked for it after they lost the case, so it's pretty normal operating procedure.
IMO, I believe the take down had more to do with the MSJ than the postponement of the markman, I guess that point could be debated.
As to the financing/dilution, once these financiers get their shares they will be running the stock up, that's how this works, and that's how it works everytime. First they take it down, get as many shares as possible, then they pump it up so as to sell their shares for as much as possible. It's not like some would have you believe, that they will get their shares and then dump them for less than they acquired them for. Also, something to remember, they have about 4.5MM warrants they can exercise for 50c, so they will want to make some money on those too, which means taking the stock up over 50c. To a certain degree, the postponement of the markman is actually good news, because the financiers will have all their shares going into the markman this time, and thus will want to run it up into the markman instead of putting on the breaks like they have the past 2 months. There should be a run up into the markman and then another run up at a markman win, after the conversion, the breaks should be off this thing for good.IMO
LOL, thanks for opening a new account recently to warn all of us, even though you claim to own shares, LOL, when 1+1=376 there is a lie. More like you are or work for the shorter that has been here since about the same time you showed up, now that's something that makes sense, see how that works!
People should do their own DD and follow that, not worry about what this guy or that guy says as many peoples opinions change like the wind. You worry too much about what other posters think instead of actually having your own opinion and sticking to it.
Longs aren't worried, the only ones frustrated are the traders that planned to sell before the markman hearing. This price provides a better risk/reward situation for investors, as after a markman win the price could easily be $1.50, a 200% gain, whereas if the price was currently $1 and went to $1.50 that would be a 50% gain, which many wouldn't think was worth the risk.
The possible R/S is a moot point because they already have authority to do it, they are just asking for a continuation of that authority. They did not ask for authorization at a later time because they do need to raise the A/S now based on the fully diluted number, and since that would mean having a shareholder meeting, which they don't do every year as the last one was 3 years ago, they need to put everything into this one. Plus shareholder meetings are costly.
You either trust the CEO or you don't! He could have done a R/S the past 3 years and hasn't, he came out with a PR stating when and why he would do it, and he let 15,000,000 options expire worthless last year which could have made him a bundle of money. To me, it seems like he is in alignment with what is best for the shareholders and the company.
Go WDDD!