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Avidfisher: I could be wrong, but I’ll go out on a limb and say neither Mr. Cook nor 99.999% of Apple senior executive leadership has ever heard of Inventergy. Apple doesn’t publically settle because it establishes a bad legal precedent. Some corps do however exercise settlements under NDA that never see the light of day. But again, I’m fairly confident AAPL’s recent decline has more to do with trade embargoes with China, sluggish forward guidance and disappointing iPhone sales. The day AAPL declines 15% and INVT increases 3000% combined with a press release from INVT, is the day I’ll agree with your assessment.
Until then what we have here are penny stock gamblers (myself included) accumulating cheap shares in hopes that INVT catches a settlement/win bone. I’m personally more intrigued as to why there is a near complete disappearance of INVT SEC reporting and press releases by management.
Good to see accumulation. Based on my best estimates minimum of 25% of common are locked up. I’m still holding and haven’t sold. Though my calcs are also based on no further convertible dilution. There was an audit that supposedly was causing the reporting delay, thus essentially stopping all SEC reported and press releases. I assume the audit is complete and it’s now legal manueving for the ongoing litigation.
Beyond that I’d love to wake up to a press release detailing a win and or settlement and the stock north of $1 but I’d be thrilled with .25. And those speculating on Cook’s termination or resignation, not a chance. Apple’s next big product cycle will more then likely involve a vehicle and will ultimately keep Apple in the trillion dollar cap range.
Dow +1000 & INVT -1.3%
Can’t make this up.
I’m still long but seriously questioning why. Anyone hear anything from the company? Thoughts on an almost year of silence?
Well, Happy New Year!
Completely disagree. When news is released, a dime will be easily achievable. It’s a delisted low float penny stock, but companies with far less have gone far higher. Value can be found with significant returns absent of the company being a blue chip or traded on a major exchange. IMO.
Disclosure: LONG
These are the pink sheets not the NYSE big board so most investors understand what they’ve invested in. Yes the company is overdue in their reporting requirements but it won’t take much to bring the company current. I can’t speak to the companies future path, but I can say with relative certainty that if the company were to see a significant settlement this would undoubtedly trickle down to shareholders. Companies trading on the pink sheets often trade as complete shells well devoid of any semblance of SEC reporting, and INVT is far from any similarity.
In my humble opinion.
I certainly have my own opinion on how and why the pps is @ .01, but would love to hear more about to what you alluded to. I’m long and have recently added to my position, but I’m really starting to wonder...
Interesting that Analysts feel Apple is near a settlement with Qualcomm.
https://www.marketwatch.com/story/qualcomms-stock-sinks-after-messy-report-but-analysts-pin-hopes-on-5g-apple-settlement-2018-11-08?siteid=yhoof2&yptr=yahoo
I agree. In my opinion this is significant for the ongoing USITC investigation. All it takes is one party to agree to a settlement and it undercuts the additional defendants arguments.
To be clear this is not a settlement with INVT SPE case being investigated by the USITC, but the settlement by Adobe was included in the Goverments PDF regarding the investigation.
You can read the full Federal Register in the PDF link.
Disclosure Long: INVT
“On August 24, 2018, Cisco and Arista filed a joint motion to terminate the enforcement proceeding based on settlement.”
Key word: Settlement.
https://www.federalregister.gov/documents/2018/09/20/2018-20429/notice-of-receipt-of-complaint-solicitation-of-comments-relating-to-the-public-interest
https://www.gpo.gov/fdsys/pkg/FR-2018-09-20/pdf/2018-20429.pdf
I agree with your assessment, but I put the Gov’s investigative timeline closer to the end of December. They put a 45day timeline but with a few major Holliday’s, possibly a few weeks longer. Given INVT communication blackout, will need to monitor the USITC website for a status and decision, as I don’t expect INVT to put out a PR. All in my humble opinion.
Disclosure: VERY LONG INVT.
18,984,348 O/S
I did some research and this is the number I found. Can reach out to the company to verify my info but I feel it’s accurate. In my opinion I think the stock is coiled for a massive uptrend. To what price who knows. Could be .10, .20, .30, .50. No idea if the movement will be sustainable but I really feel like it’s coming. With the investigation, lawsuits that the company has been shelving positive press releases as they finalize the existing audit and reporting requirements. At this point I’d be thrilled with a pump n dump scheme to push the stock price up to .25+, just don’t get greedy and get out at the right time. Now I might be biased as I hold a large position, but my intuition is a big movement is coming. IMHO
Disclosure: Long INVT
AAPL owes QCOM $7billion in patent royalty payments.
Should this become discoverable in INVT case...
https://www.yahoo.com/finance/news/qualcomm-says-apple-7-billion-012802207.html
Apple HTC ZTE settlement with INVT
I know settling goes against Apple’s past practices, but it would be very interesting if HTC or ZTE settled prior to the conclusion of the 45 day investigation window. If INVT can reach a settlement with one, the others may be forced to follow suit. The legal maneuvering could get interesting prior to the end of December. Just wish this news could get some real traction as in my opinion it’s a big deal.
https://news.bloomberglaw.com/ip-law/itc-probing-bid-to-block-apple-zte-htc-smartphone-imports
Disclosure: LONG INVT.
How can you buy SHLD @ .10? You can’t, but you will be able to by SHLDQ for under .10 in a few weeks max. Headed to pink sheets as SHLDQ on 24 OCT. With 100k creditors and over $11 billion in senior debt holders, there’s no chance in hell common comes out with anything over .00. That’s right, zero.
Don’t believe me, then why are the bonds TANKING? If bonds aren’t made whole, then how the ef will common see anything? Because they won’t. Basic bankruptcy debt analysis 101.
Yes it appears Inventergy filed their complaint with USITC on 9/14/18 and USITC found merit opening the governments investigation on 10/17/18 with anticipated completion of their investigation by approx 12/14/18 (45 business days). Attorney of record is Bryan J. Vogel with Robins Kaplan LLP.
IMO this is a significant step for Inventergy and shareholders alike.
Disclosure: Long a very large INVT position ??
https://www.usitc.gov/3342.htm
http://www.ippropatents.com/ippropatentsnews/usandcanadanewsarticle.php?article_id=6144
No this is not institutions or insiders buying. This is the result of a penny flipper rec yesterday and short covering. Doesn’t matter the price action does today. Lampert is on the record today stating Sears is facing a very real prospect of liquidation and stock was delisted yesterday. It’s heading to pink sheets next week and the dump getting there will be massive.
Debtor in possession financing has no intrinsic connection to whether the common exists or is cancelled. As for today’s gains. Short living based on Penny stock flippers chasing rec’s. The key to watch is the bonds and debt and they are tanking, again. It’s only a matter of time until the common corrects. Delisted and takes place next week. Comparing the Sears bankruptcy to other cases that shareholders came out whole is vastly different. Apples to oranges. I digress.
One word for those who think equity “could, should, may, might, will” survive or be diluted:BONDS
THE BONDS ARE DOWN OVER 50% today alone. With the current asset to debt liability ratio, there’s little chance equity comes out with anything let alone cut into a dilutive deal on restructure. If debt holders aren’t made whole, then how will equity ever be cut in? Nothing but a Penny flippers pump n dump run up. When SHLDQ hits the pinks on 24 October, the equity will be half of today’s price. Sorry to rain on anyone’s day but these are facts.
www.cnbc.com/amp/2018/10/10/sears-reportedly-preparing-for-bankruptcy-filing-as-soon-as-this-week.html
Money flow is clearly on sell side. Sell to buy volume 4 to 1. This has been a controlled unwind by institutions for quite some time. Insiders selling as well. Now SHLD brings on a board member who has vast experience in prepackacked CH11 plans. In addition CNBC states today as the largest debt and equity holder, Mr. Lampert has more to gain with SHLD entering CH11 then trying to continue to sell of assets. Put volume through the roof. In my opinion SHLD will default on looming debt payments and announce intent to restructure within the courts soon. Best of luck to anyone still long.
I completely agree. There was an audit of financials that they were waiting on but it’s been approx 6 months. Not sure what the hold up is but going off time frames of similar situations with other Company’s, I can’t imagine it should take this long.
I’m still long and have a large position but in my opinion management has eroded shareholder value more then the ongoing lawsuits and Apple combined. I get this is a penny stock but even by penny standards this is truly rediculous.
Just my humble opinion.
I’d like to add I’m still long and have not reduced my position. I can not speak for others, but I would like an update. Not intended as investment advise, just expressing my humble opinions.
May 4, 9, 10, 18
May 4 - CFO (Niedermaier) resigns
May 9 - BOD appoints Beyers interm CFO
May 10 - 8-K filled detailing delay “primarily” due to “accounting elements” of the secure debenture
May 18 - Intends to file 10-K by May 18
September 21 - Status?
My frustration is not with the ongoing suit, rather the 4+ months the company has in my opinion kept shareholders in the dark.
Ok officially frustrated with the lack of communication from the company. Just my humble opinion.
Long INVT and have not sold any shares.
I may had been throwing back a few cold ones, but I knew I wasn’t far off when I wrote that post. Come on boys just through the dog a bone and settle. A little licensing fee and call it a day.
https://www.google.com/amp/s/nypost.com/2018/05/21/japanese-bank-launches-400m-patent-troll-fund/amp/
Had a dream there was a settlement and the board declared a one-time special dividend of $5 per share. LOL
That would be less then $95 million. Here’s to dreaming!
Based on the volume, it appears someone his hitting the ask pretty hard. Not me and I’m still holding my position.
I’d also like an update on the payments for the principal Debentures that were to have begun on July 28, 2018. But again the company has been mute for months.
IMHO
Thanks for the case updates though at this juncture I’m not even sure it makes a diffence. Seems we have been waiting on the SEC filings for quite some time. I known the delay was possibly a holdup due to the audit, do you know anything more? The NT 10-K was filed 4/2/18 and other then two misc filings, there has been nothing. We are about to enter Q3. What gives...
IMHO
Though this is a recent settlement that I believe came out of the same U.S. District. IMO
https://www.google.com/amp/s/www.law360.com/amp/articles/1061578
Lack of transparency in patent litigation is common. More specifically, sealing court records in such cases is common and is generally done for reasons other then case settlement or to protect trade secrets. IMO
Here is a quick primer on said topic.
https://scholarship.law.missouri.edu/cgi/viewcontent.cgi?article=1694&context=jdr
I am quite surprised as well that there have been no press releases, let alone SEC filings. I did notice that
Molly McAuliffe’s LinkedIn lists April 2018 as the end date as Vice President of Operations with Inventergy. I believe she had been handing IR and press releases. I don’t know if she’s still associated with Inventergy or who is handling press releases, but regardless if good or bad, it would be nice for shareholders to have some semblance of information. IMO
Long INVT.
INVT SPE LLC, in my opinion, it should be an interesting week.
Let’s finish the audit and release the 10K first. I believe there are provisions to mutually allow extensions. Would be fantastic if the company released a positive update and the stock could run to the low .30’s. Golf is great.
All in my humble opinion
Indeed Avid. IMO something is going on. What that is I have no idea, but it appears this contributing factor is what’s delaying the 10-K and audit. It also appears without looking at all the trade data, that someone has been accumulating a decent sized position. Possible front running positive news?
This little low float turkey ever gets any type of settlement or hint of settlement, and it will move into the dollar+ range instantly. Low float combined with short covering will create a parabolic move. But alas there is a reason it’s a sub nickel pps. I’m still holding as I’m patient and I have a wait and see approach.
IMO.
Actually Jay, considerably less. The OS is approx 18.98mil, factor in the debt as well as existing agreements with FIG, thus any settlement north of $200mil places a valuation of $9-10 per share.
I’m not suggesting the stock is worth that, just highlighting how little it would take to really get the pps moving.
This is a realativy low float play that hinges significantly on the law suits and future patent monetization.
In my humble opinion.
Disclosure: LONG INVT
Indeed, Jay. An 8-K update would be welcomed....