Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
EVRYTHING YOU NEED TO KNOW ABOUT David Foley
THIS IS OLD NEWS... Can we just put it to rest?
Sentencing date on August 19 is a hearing where Foley has to go in front of a judge and provide proof that of contingencies of the settlement has been met.
The Government has agreed to drop all but two counts – 54 in all – against David R. Foley, including all of the allegations that Mr. Foley misappropriated Global VR intellectual property or trafficked in stolen or counterfeit goods.
Quote:Mr. Foley cooperated with the Government through an interview at which he explained in detail the various pieces of the UltraCade system and what rights belonged to whom. Despite a lengthy investigatio n and a large expenditure of public funds, the Government never identified any intellectual property that was wrongfully taken or a single counterfeit mark.
For Newbies,
NO REVENUES EVEN IF AND WHEN APPLE USES OUR TECHNOLOGY
"On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which (i) we contributed substantially all of our intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property, LLC (“CIP”), (ii) CIP granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products, as defined in the license agreement, in exchange for a license fee, and (iii) CIP granted back to us a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use. Additionally, in connection with the license transaction, Apple required us to complete a statement of work related to the exchange of Liquidmetal intellectual property information. We recognized a portion of the one-time license fee upon receipt of the initial payment and completion of the foregoing requirements under the license transaction. The remaining portion of the one-time license fee was recognized at the completion of the required statement of work.
Under the agreements relating to the license transaction with Apple, we are obligated to contribute all intellectual property that we developed through February 2012 (which was subsequently amended to extend through February 2014) to CIP. We are also obligated to maintain certain limited liability company formalities with respect to CIP at all times after the closing of the license transaction."
Haha, Bought some more.... GLTA
haha... I'm in too (Tues!!!)
Haha, Nanotech virtual fish tank
https://vine.co/v/hm3adlEZvt0
FACTS - AUGUST 19
Sentencing date on August 19 is a hearing where Foley has to go in front of a judge and provide proof that of contingencies of the settlement has been met.
The Government has agreed to drop all but two counts – 54 in all – against David R. Foley, including all of the allegations that Mr. Foley misappropriated Global VR intellectual property or trafficked in stolen or counterfeit goods.
Sentencing date is merely a procedure Foley has to go through with.
He has to prove that he did settle and complete all the contingencies of the settlement offer before a judge. This is OLD NEWS.
They agreed to settle on 4/11/2013 & filed w/ court on 4/12/2013:
STIPULATION AND ORDER Converting Date for Evidentiary Hearing into a Status Hearing as to David Russell Foley re 41 Stipulation filed by USA, Terminate Deadlines as to David Russell Foley: 41 Stipulation filed by USA., Terminate Deadline s and Hearings as to David Russell Foley: 41 Stipulation filed by USA. The parties shall contact Magistrate Judge Nathanael Cousins to schedule a settlement conference. Status Conference set for 4/30/2012 01:30 PM in Courtroom 4, 5th Floor, San Jose before Hon. Edward J. Davila. Signed by Judge Hon. Edward J. Davila on 4/11/2012. (ecg, COURT STAFF) (Filed on 4/11/2012)
After it was settled between the parties, there was a hearing where
Foley changed his plea to Not-Guilty on October 15,2012.
STIPULATION AND ORDER Continuing the Change of Plea Hearing From September 17, 2012 to October 15, 2012 and Excluding Time from September 17, 2012 to October 15, 2012 as to Robert Dekett re 50 Stipulation filed by USA. Change of Plea Hearing / Status Conference set for 10/15/2012 01:30 PM in Courtroom 4, 5th Floor, San Jose before Hon. Edward J. Davila. Signed by Judge Hon. Edward J. Davila on 9/14/2012. (ecg, COURT STAFF) (Filed on 9/14/2012)
http://archive.recapthelaw.org/cand/244225/
@davidrfoley just tweeted,
"We appreciate everyone that sold today. Hope they made good profits For every seller today there was a new buyer! Welcome new buyers"#NTEK
Also, any guesses to David's other tweet?
"Aug 19"
https://twitter.com/davidrfoley
It makes perfect sense for Internet Brands to be drooling over SEEK
http://www.internetbrands.com/our-brands/
They are buying - LINK
https://twitter.com/davidrfoley
What makes you think we aren't doing that
(click on "expand")
NITE, playing with himself
David just tweeted, he is buying now
https://twitter.com/davidrfoley
NTEK buying their stocks this morning!!!
https://twitter.com/davidrfoley
David R. Foley ?@davidrfoley
What makes you think we aren't doing that
Collapse
Reply
Retweet
Favorite
8:23 AM - 19 Jul 13 · Details
Stockticks ?@TickerStock 4m
@davidrfoley got some cheapies. Looking forward to the long run bud!
CAN'T WAIT UNTIL TUESDAY!!!
<<< BUYOUT ??? >>>
Releasing of preliminary second quarter results,
Scott Gallagher disclosing multiple buy-out offers from Internet Brands, Inc.
Am I the only one here thinking that the company is trying hard to up the offer in the public arena?
<<< Nanotech Video: Samsung or Apple? >>>
Posted this morning on Facebook, Jeff Foley CEO of NanoTech Entertainment discusses goals (shot 5/2013):
Nuvola branded 4k tv via Seiki coming to news wires soon...
Mark this post
Hi all... new here. Just got in after reading for the past hour.
Thanks for finding that post!!!
"We will be announcing our own upscaling device that will allow legacy devices such as BluRay players etc that will provide 4K output."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89692801
LOL, Yes, Everyone knows that LQMT cannot make any money off APPLE now...
THE POINT IS NOBODY KNEW IT DURING MARKET HOUR TODAY.
Some of us were lucky to do some digging and got out...
Everything else you said about LQMT in your last post is valid.
However, LQMT went up today SOLELY on the Apple rumor...
not so much on the patent news.
Be careful w/ Tiger Direct.
They sold me an open box (probably return item)without labeling as refurbished. Happened to me 2x.
<<<CAN SOMEONE REFUTE THIS INTELLIGENTLY?>>>
On August 5, 2010, the Company entered into a Master Transaction Agreement with Apple Inc. (APPL), pursuant to which Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary called the IP Company. The IP Company granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and it also granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use.
In the 10-K description of the deal, it states clearly that under the agreements relating to the license transaction with Apple, the Company is obligated to contribute all intellectual property that they developed through February 2012 (which was subsequently amended to extend through February 2014).
BOTTOM LINE: LQMT CANNOT RECEIVE NOT EVEN A DIME FROM APPLE EVEN IF AND WHEN AAPLE USES LQMT's PATENT.
MUST MUST READ:
http://www.aimhighprofits.com/lqmt-boy-genius-puts-false-hope-into-liquidmetal-traders-27608?utm_source=twitterfeed&utm_medium=twitter
Keep believing in your pov
This is what most traders believe:
On August 5, 2010, the Company entered into a Master Transaction Agreement with Apple Inc. (APPL), pursuant to which Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary called the IP Company. The IP Company granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and it also granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use.
In the 10-K description of the deal, it states clearly that under the agreements relating to the license transaction with Apple, the Company is obligated to contribute all intellectual property that they developed through February 2012 (which was subsequently amended to extend through February 2014).
For those unfamiliar with the definition, perpetual means forever. The licensing fee was booked during the 3 months ended September 30, 2010 when LiquidMetal Technologies reported revenues of $17.3 million for the period.
So whether or not the new iPhone is or isn’t made out of LiquidMetal, it makes no difference to the Company since they already got all that they are going to get from Apple. Thus the largest volume trading session in the history of LQMT comes off of false hopes of recurring revenues to be booked in the future.
If I still held, I'd be hating all the basher too. The longs are not delusional, they just need to post what they are posting.
After reading about 20mil perpetual license between lqmt and aapl there is no doubt that lqmt will not even see a dime.
You are correct. LQMT will be able to use their latest patent on
other projects, but... They will not see a dime from Apple.
Thanks for the link.
I am glad I closed out my position... I was having second thoughts after wondering if LQMT had renegotiated or not extended the license.
But that is not the case.
It's gonna be a blood bath tomorrow... GLTA
I did... All afternoon. Thank you LQMT!!!
Buy I closed out my position after finding out.
I was alerted by streetinsider:
http://www.streetinsider.com/Trader+Talk/UPDATE%3A+iPhone+5S+to+Feature+Liquidmetal+%28LQMT%29+Case+-+Reports/8508050.html
Sorry...BAD NEWS
On August 5, 2010, LQMT entered into a license transaction with Apple Inc. pursuant to which, for a one-time licensing fee of $20 million, they granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize all of the company's intellectual property in the field of consumer electronic products. (See page 7 of the 10-k linked above.) As a result, they will not be able to pursue applications of their bulk Liquidmetal alloys in the consumer electronics field with other companies.
So you are saying there are many pipeline deals w/ other companies.
OK, I agree with that, but it was the Apple news that fueled today's fire.
Can we agree that LEGALLY they will not get a single dime from Apple?
Please tell me what has changed?
On August 5, 2010, LQMT entered into a license transaction with Apple Inc. pursuant to which, for a one-time licensing fee of $20 million, they granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize all of the company's intellectual property in the field of consumer electronic products. (See page 7 of the 10-k linked above.) As a result, they will not be able to pursue applications of their bulk Liquidmetal alloys in the consumer electronics field with other companies.
OOPS, Should have shorted it
http://seekingalpha.com/article/551071-liquidmetals-stock-is-likely-to-melt
LQMT is a highly promoted penny stock with a market cap that exceeds $125 million, and highly speculative business prospects. However, a little due diligence reveals a company with a troubled past, as highlighted in an earlier article written by StreetSweeper in 2010, a convoluted capital structure, and a virtually insolvent business. The sexy story comes from the association of their technology with Apple (AAPL). On August 5, 2010, LQMT entered into a license transaction with Apple Inc. pursuant to which, for a one-time licensing fee of $20 million, they granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize all of the company's intellectual property in the field of consumer electronic products. (See page 7 of the 10-k linked above.) As a result, they will not be able to pursue applications of their bulk Liquidmetal alloys in the consumer electronics field with other companies.
The current rumors propelling the stock are that Apple may use the Liquidmetal technology in the iPhone 5. While this is certainly nice to hear, it will have no material impact on LQMT's financials going forward since they received a one-time payment almost 2 years ago, and will receive no ongoing royalties.
Furthermore, LQMT does not have sufficient infrastructure, property, or equipment to manufacture bulk production for any orders of size that Apple might need in the future, so hopes of additional production revenue or cash flow can likely be dismissed. As indicated in the table below, LQMT's balance sheet includes depreciated plant and equipment valued at just $162,000. Furthermore, their patents which the market is ascribing a $125 million value for are marked on the company's books at under $1 million dollars.
Bluesky Breakout until $.28
Looking at their 1 year chart, resistance in at $.28
TV Partnership news Imminent !!!
Go SEIKI / NTEK !!!
Thanks, You are correct.
I was mistaken when I wrote "pre-loaded".
But it does come with 10 movies:
http://www.nuvola4k.com/techspec.php
Poll: What 10 preloaded 4k movies do you want on your NP-1?
NTEK FB POST Exchange RE: TV Bundle:
Hey guys...I want the BUNDLE package ASAP.....Can we get that NOW...or do we have to wait?
Nanotech Entertainment:
"We are working as quickly as we can. Hang in there. More to come."
https://www.facebook.com/NanoTechEntertainment
Frankie, You don't have to wait until their bundle comes out.
You can buy the NP-1 & buy the TV they are going to bundle with here:
List Price:$1,499.99 Instant Savings:- $200.00 (13%) Coupon:- $335.00 Final Price:$964.99After Coupon
http://www.tigerdirect.com/applications/searchtools/item-details.asp?EdpNo=7674736&SRCCODE=WEBGOOPA&cm_mmc_o=mH4CjC7BBTkwCjCV1-CjCE&gclid=CI-I5-fatbgCFbCDQgodrQoAOQ
Here's all the DD on Why NTEK has already chosen SEIKI as their TV partner: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89996834
The benefit to NTEK would be that NP-1 will have open door
to same retail space that SEIKI is currently being sold in
ie. Tiger Direct, Sears, Kmart, Fred Myers, Shop NBC, hh Gregg, QVC, Brand Source.
That is just USA... SEIKI is sold in Asia & Europe as well.
NO NTEK will NOT be manufacturing their own TVs.
They will be partnering up with a TV manufacturer.
(My guess is 100% - SEIKI).
BEST part of this partnership is that we mill be
in the same retail space that SEIKI is currently in,
not only here in the USA, but throughout THE WORLD!!!
Please watch the Shareholders meeting video towards the end.