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my3sons87, thanks for the link.
<<I hope the CAFC reviews claim 8 of the 244, patent invalidated by the PTAB in the case brought by ZTE, using the clear and convincing standard.>>
Is there a new standard yet?
I know that it's in the works - getting away from the "broadest
reasonable interpretation" of the claims. But I'm not sure if
that's been enacted yet.
I hope that it's soon - I don't think that it's happened yet,
but I'm not sure.
Highest Court in China Overturns Ridiculously Low Royalty in Interdigital v. Huawei
Erick Robinson blogpost 12/28/2018
This will be a short post, as I just wanted to point out that the Supreme People’s Court very recently granted InterDigital’s petition for a retrial in a case involving royalties to be paid by Huawei. The high court’s ruling overturns a decision by the Guangdong Province High Court decision that certain InterDigital Chinese patents should not exceed 0.019 percent of the actual sales price of each Huawei product.
I will try to get the raw data shortly, but the English-language report saying this is here: news.bloomberglaw.com
This is a big deal, as it will make it nearly impossible for Chinese and other companies to cite IDC v. Huawei for the purpose of supporting a 0.02% royalty rate. Indeed, Chinese damages law is quickly evolving to catch up with the rest of the progressive patent law and procedure we continue to see coming out of China. This is great news for innovation, for China, and for the innovators worldwide.
<<Something is happening with Zte. Companies do not dismiss their causes of action unless agreements have been reached.>>
loop, thanks - it looks like a settlement is in the works.
I hope that it means something since ZTE had a big setback
when the US blocked component shipments to ZTE over in China.
If ZTE can continue to get back to normal, that should be good
for IDCC.
Here's some info:
<<“ZTE’s major business are rapidly recovering with the negotiation and signing of new orders and the further implementation of existing orders. Meanwhile, the company has resumed normal operations in R&D, production and logistics. Specifically, its production and purchasing capabilities have been back on track, and its R&D progress has kept pace with the target preset at the beginning of the year. Also, ZTE has fully restored its customer services,” the company said.>>
https://www.rcrwireless.com/20181025/wireless/zte-posts-net-profit-81-million-q3-resumes-normal-business
45% gap between the bid and ask.
Bid: 0.0024 / Ask: 0.0035
What a disaster!
Only capable of being created by disastrous
people!
The poor people who participated in the private offerings
are getting hammered. Too bad for them - even if they
thought that they were getting a bargain at 10 cents,
they're still down 96% right now.
How about those who bought at 75 cents a couple of years
ago - they're completely hammered!
Like some said here, the guys running the show were no good!
ALLM owes Process Engineering Associates, LLC in Tennessee $134,300
plus post judgment interest of 6.5%.
That clock started ticking March 12, 2018.
ALLM - what a bunch of bozos!
When will ALLM get kicked off the OTC QB?
They're still delinquent:
OTCQB Member Since 03/2015
Delinquent SEC Reporting
Verified Profile 07/2018
https://www.otcmarkets.com/stock/ALLM/disclosure
sjaym:
I don't think that anyone thinks that IDCC is better
than QCOM with their 5G IP.
If IDCC was better than QCOM, IDCC's stock would be
about $2,500.
All I want is for IDCC to have some decent 5G IP
many think they do:
Multiple Project Wins Highlight InterDigital 5G Leadership
Company's Leadership of European POINT, RIFE and XHAUL Projects, Coupled With European Commission Socioeconomic Research Project Win Announced Today, Underscore InterDigital's Continued Leadership in Global Mobile Standards Development
https://globenewswire.com/news-release/2015/05/14/735834/10134414/en/Multiple-Project-Wins-Highlight-InterDigital-5G-Leadership.html
The OTC Website says that ALLM is delinquent:
OTCQB Member Since 03/2015
OTCQB
Delinquent SEC Reporting
Verified Profile 07/2018
Transfer Agent Verified
https://www.otcmarkets.com/stock/ALLM/disclosure
They're beyond the extension for their 10-Q:
<<(b) The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and>>
https://www.otcmarkets.com/filing/html?id=12916911&guid=t7jEUnkYaoeL3th
AltEng, I remember when you were talking about the lawsuits
against ALLM and Alitrade and others like SeaFox were saying
that you were lying.
I knew that you were NOT lying - those guys are the LIARS.
The Leanaburg complaint is publicly available on the
Palm Beach County Court's website. The compensatory
damages are for almost $3 million.
Dennis Lenaburg is suing ALLM for almost $3 million in compensatory damages.
Could you imagine if there's punitive damages attached to that?
10-Q is due within three days - if it's not filed ALLM will
become delinquent:
https://www.otcmarkets.com/filing/html?id=12916911&guid=y_EEUW2EGMTRwyh
Alitrade is radio silent.
Frisbee hasn't been here for eons.
It looks like the chickens are coming home to roost!
Technicolor bought Cisco's set-top-box business three years ago.
It looks like IDCC will be sharing revenue with Technicolor on the
set-top-boxes, but they will be paid 100% on Technicolor's wireless
patents. At least that's the way I understand it.
Here's the Cisco deal:
<<The two companies have also entered a partnership to jointly build and sell next-generation video and broadband technologies and cooperate on Internet of Things devices and services. Additionally, the pair have signed a long-term patent cross-licensing agreement though neither company has said which patents are involved.>>
https://www.zdnet.com/article/cisco-sheds-its-set-top-box-business-to-technicolor-for-600m/
Old accounting rules - guidance compared to actual results:
<<5/22/2018
Under the accounting rules in effect prior to the company’s adoption of ASC 606, the company’s expected second quarter 2018 total revenue range would have been between $85 million and $88 million, again comprised primarily of recurring revenue and less than $1 million of non-recurring revenue.>>
<<Second quarter 2018 recurring revenue was $67.5 million, a 5% sequential increase compared to first quarter 2018. Under ASC 605, recurring revenue for second quarter 2018 would have been $88.6 million, compared to $87.9 million in second quarter 2017, primarily driven by new fixed-fee agreements signed during 2018.>>
dndodd, although ASC 606 is the new accounting rule that's required
to be used, it doesn't reflect the real health of the company on
a cash flow basis. The old rule (ASC 605) is actually better to
see what type of cash is actually coming in. Here's what
InterDigtial said about their results under ASC 605:
<<Second quarter 2018 net income1 was $10.7 million, or $0.30 per diluted share. Under ASC 605, net income for second quarter 2018 would have been $33.2 million, or $0.93 per diluted share, compared to $52.5 million, or $1.46 per diluted share, in second quarter 2017.>>
http://ir.interdigital.com/File/Index?KeyFile=394484246
Joseph J Walsh is now the inventor?
What type of insanity is this?
<<Walsh Joseph John, the inventor of the technology, said that Carbolosic technology essentially uses cellulose hydrolysis of agricultural biowaste such as bagasse, straw, grass, and corn cobs to produce petrol, electricity, sugar, ethanol, microbiological fertilizer and activated carbon.>>
That guy doesn't have a single patent to his name:
<<Chinese investors say they were scammed in Palm Beach development
NATION-WORLD
...The allegations are just the latest setback for the prime piece of real estate located less than a block from the ocean. The civil suit, filed in U.S. District Court for the Southern District of Florida, names a long list of defendants, including Joseph J. Walsh of Royal Palm Beach and his son Joseph Walsh Jr. and developer Robert Matthews and his wife Maria Matthews.>>
https://www.mypalmbeachpost.com/business/chinese-investors-say-they-were-scammed-palm-beach-development/39oMA5ScPrbaeLTOr8W4kN/
<<I think it may take a little longer than we hoped, but I'm looking forward to seeing the new patent.>>
brooklyn137:
It takes years from filing the initial / provisional patent application
until the USPTO grants the patent. And it will be a big IF with
regard to whether or not the application's claims are accepted for
the patent. If these improvements are too similar to other innovations,
the claims will be rejected due to prior art. These claims can
be tweaked with the examiner to come to some resolution as to what
doesn't read on other innovation's prior art. But this might wind
up being too similar to the Blair patent family's CTS 1.0 innovations
which obviously weren't commercially viable. Magmar made that very
clear for those willing to read his posts.
I'm not trying to burst anyone's bubble, I'm just stating how it works.
This is from today's press release:
<<Ben, along with Director of Research and Technology, Dr. Peter Cohen, has filed patents on a new application of the technology, CTS 2.0, which offers significant improvements in operational efficiency and production capacity. Additional information on the new CTS 2.0 will be released in the coming months as final development and engineering will be completed.>>
PS:
I have nothing against Slager - time will tell if he's successful.
But I had bad taste with regard to how De Liege was running ALLM
with multitudes of grossly misleading press releases, etc.
Maybe Slager will run a more honest ship? Time will tell.
New 8-K - de Liege is gone:
<<Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers
On June 11, 2018, the Company’s Board of Directors accepted the resignation of Daniel de Liege with respect to all positions he had held with the Company and as a director of the Company, with immediate effect.>>
https://backend.otcmarkets.com/otcapi/company/sec-filings/12814854/content/html
<<Patent peddlers....>>
Magmar, good point.
But is Slager smart enough to know to be careful with BS press
releases?
WAY over-promising AND delivering nothing doesn't look good
to the federal authorities OR disgruntled shareholders.
Does anyone remember when ALLM was offering their shares at
56 cents in private offerings (and there were many takers)
and at the same time they were pumping this phantom deal
and absolutely nothing came of it?
<<WEST PALM BEACH, Fla., May 20, 2015 (GLOBE NEWSWIRE) --
Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company") announced today that through its subsidiary AMG Energy Group, LLC it has signed its first licensing agreement for the territory of South Africa with Naldogen (Pty) Ltd for an upfront fee of Twenty Five Million Dollars ($25,000,000) plus royalties. In addition the Company negotiated a Twenty Four and One Half Percent (24.5%) ownership in Naldogen in exchange for a Twenty Four and One Half Percent (24.5%) ownership for Naldogen in a to be determined Company owned CTS plant in the United States.>>
https://tinyurl.com/jnvpx9o
HallaDurg:
Short squeezes aren't always good for shareholders -
that's because they're often temporary.
Smart people who can spot fraudsters can just short again!
Also, an additional 14.5 million shares that were sold to the
Colorado couple for 3 pennies is significant dilution!!
<<Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)
Amount beneficially owned: 14,500,000>>
https://backend.otcmarkets.com/otcapi/company/sec-filings/12769249/content/html
olddog967, thanks for the interesting document.
Does this have to be passed by congress?
If it passes, that's a big deal for IP investors - we
know that it's a lot easier to get claims invalidated at
the PTO's reexamination reviews using the broadest reasonable
interpretation.
<<ALLM GONNA BE A BIG ONE>>
FREEMONEY, excellent commentary.
You couldn't have been more accurate about their BIG losses
in the recent quarter. How could a company lose 76 times
more than their non-recurring revenue?
They lost $10.26 MILLION on only 134K in NON-recurring revenue.
What a BIG doozie that ONE was!
Check page F-4:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12689168/content/html
<<Do you have any factual information on Phoenix having current operating facilities that are in the same industry as ALLM? If so, what and where? The answer will go a long way to settling down the speculation and nerves of people on this board....>>
truegrit, excellent question.
Don't forget the phantom company from South Africa (Naldogen Pty)
that never existed - it was supposed to pay ALLM a lot!
This one really takes the cake - talk about con men extraordinaire:
<<WEST PALM BEACH, Fla., May 20, 2015 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company") announced today that through its subsidiary AMG Energy Group, LLC it has signed its first licensing agreement for the territory of South Africa with Naldogen (Pty) Ltd for an upfront fee of Twenty Five Million Dollars ($25,000,000) plus royalties. In addition the Company negotiated a Twenty Four and One Half Percent (24.5%) ownership in Naldogen in exchange for a Twenty Four and One Half Percent (24.5%) ownership for Naldogen in a to be determined Company owned CTS plant in the United States.>>
https://tinyurl.com/jnvpx9o
<<1. Daniel is a con man, as long as he is the ceo there is no hope
2. Phoenix is a lame company, there will be no payment of $1.25mil
3. If Daniel continues this way, the stock will be so dilluted it will be worth .0000>>
opt_123:
Excellent points.
Last year ALLM was supposed to get paid $1.25 million from
Earth's Renewable Energy - see below. Too bad that that
money was nowhere to be found in their recent 10-K / annual
report.
<<The single process train will be capable of processing 250 tons per day of biomass, such as almond and pistachio trees and their hulls, which will be supplied under contract by a $4 billion private agricultural conglomerate in California. The plant also has an offtake agreement with Chem-Energy Corp., who will utilize the C5/C6 sugar mix and pure lignin to create fine chemicals and other high value bioproducts. As additional feedstocks become available, the plant will expand processing to 1,000 tons per day.
The sublicense fee paid to AMG Energy Group is $1.25M plus 5 percent of ongoing gross revenue derived from the CTS process. The cash portion of the fee will be paid in installments, with the initial payment made within the next 30 days, providing the company with an immediate capital infusion and a longer-term revenue source.>>
http://biomassmagazine.com/articles/14429/alliance-bioenergy-licenses-process-to-earths-renewable-energy
roger wilco:
Obviously the "toxic debt" holders are happy about
what's going on here - they're the ones making tons of money
and driving fancy cars:
https://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing
Meanwhile, I know of the people who are getting killed for buying
the private offerings at 75 cents, 50 cents, 30 cents and all the
way down. Check out all of the people who got creamed on page
9 here:
https://backend.otcmarkets.com/otcapi/company/sec-filings/10626158/content/html
Of course they're mad with the stock at 3 pennies - really mad!
But the sad thing is that these private offerings still continue
at 3 pennies - the ones buying here should realize once and for
all that the "death spiral financing" will drive this stock price
into the micropennies! It happens a lot.
Jim Chanos give some excellent advice about management misstatements.
He's a guy to listen to because he knows his stuff - I also know him.
And, since I'm such a nice guy and I want to try to help people stay
out of trouble, I recommend that ALLM management pay close attention
as to what he's saying starting at five minutes here:
https://www.cnbc.com/video/2018/04/26/jim-chanos-on-teslas-stunning-accelerated-rate-of-executive-departures.html
And for those who will try to "shoot the messenger", I'll just point
out that comments like these below with regard to materially mistated
production numbers seem starkly familiar to what
Chanos is saying in the above video starting at five minutes:
<<Additionally, because of the CTS modular design, it can easily convert up to 1,000mt a day of virtually any outside cellulose feedstock which presents another possibility of increasing the bottom-line by an additional $40,000,000 through the increased cellulosic ethanol output and advanced biofuel incentives.>>
https://www.cnbc.com/2016/02/16/globe-newswire-alliance-bioenergy-announced-today-that-it-entered-into-a-strategic-alliance-with-harvesting-technology-to-add-their-corn.html
<<It was a GREAT run....and I am thankful for it.>>
scruffynyc1, thanks - I agree.
I just computed the compounded annual return with my financial calculator.
A triple over eight years (not including dividend) is 14.72% CAGR.
Throw in the dividend of about 1.8% and you have an awesome longer
term investment.
The reason why I'm using eight years is because I've been in it for
that long as well - actually nine. It's one of the largest unrealized
gains in my portfolio and I'm very happy about that!
<<If you consider holding for 8 years "ease & speed!>>
scruffynyc1, in my view, if you're implying that a triple in the stock price (along with a respectable dividend for a tech company) over eight years as a bad performance, that's just wrong.
Secondly, who thinks that investing is an "easy" way to riches?
In my view, investing is hard.
If anyone thinks that investing is an easy way to riches, they should take up basket weaving (or anything similar that suits their fancy) instead.
loop, this shows that Xperi (formally Tessera) doesn't even use
revenue now - it uses customer billings:
<<Financial Guidance
Consequent with the introduction of the new revenue accounting standard, ASC 606, the Company announced it would begin using billings as a key measure of business progress. As a result, the Company’s outlook is now based on billings rather than revenue. For additional information regarding the Company’s approach to guidance, please review the “ASC 606 Business Metrics and Guidance Approach” presentation given by the Company on January 25, 2018 at http://investor.xperi.com/events.cfm.>>
https://www.businesswire.com/news/home/20180213006526/en/Xperi-Corporation-Announces-Fourth-Quarter-Full-Year
loop, this article shows that a lot of companies are affected.
Some are even changing their software business models. There's
also other interesting points in the article linked below:
<<SaaS Software Subscriptions Vs. License Fees
The accounting changes come amid a huge change in the computer industry that finds software companies shifting from one-time licensing fees to subscription-based, software-as-a-service business models. Under the FASB 606 standard, only software that is "continuously updated" can be recognized over time — and that applies for most SaaS.>>
https://www.investors.com/news/technology/fasb-606-revenue-accounting-hits-software-telecom/
Double patenting - anyone whose been following ALLM's applications
can see that they were told by the USPTO that one of their relatively
recent applications was DENIED for double patenting - check the final
rejection here earlier this year.
Put in control # (13/799,432) after you register and click on "image file wrapper" - you can clearly see the final REJECTION on Jan 19, 2018:
https://portal.uspto.gov/pair/PublicPair
Secondly, where is a list of the 16 patent applications that was
mentioned by ALLM? What good are these applications if ALLM is
being told that they're double patenting?
That's important to know because the parent of the above patent
application (control # 61/721,316) has expired.
So if they parent has expired and its progeny has been REJECTED
(as shown above) what good are these applications?
Transaction History
Date Transaction Description
11-03-2013 EXPIRED PROVISIONAL
01-22-2013 Change in Power of Attorney (May Include Associate POA)
11-29-2012 Application Is Now Complete
11-29-2012 Application Dispatched from OIPE
11-29-2012 Filing Receipt
11-01-2012 Applicants have given acceptable permission for participating foreign
11-06-2012 Cleared by OIPE CSR
11-01-2012 IFW Scan & PACR Auto Security Review
11-01-2012 Initial Exam Team
Also, if you look at the USPTO's website, you can only
find five with regard Blair's applications on
hydrolysis:
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=0&f=S&l=50&TERM1=Blair%2C+Richard&FIELD1=IN&co1=AND&TERM2=hydrolysis&FIELD2=&d=PG01
So, in short, if ALLM is going to show us how well they're allegedly
doing with these patent applications, we need application numbers or
control numbers to look them up. If not, it's just typical ALLM
hot-air!!
Magmar, I find it interesting that the patent application
that you cited (US 13/799,432) claims 1 & 3 were cancelled
and claims 2 & 4 were rejected.
And since that patent application only has four claims, it
looks like it's not going to be granted at all unless there's
some serious amendments to claims 2 & 4. However, one of
those claims' weaknesses is that they're not supported by
the written description. That's a violation of fundamental
patent law - the claims must be supported by the written
description.
Check the PTO's PAIR to see what I mean - search under application
# 13/799,432 and follow the communications with the examiner
under "image file wrapper":
https://portal.uspto.gov/pair/PublicPair
I also found it interesting that the communication between
the patent office and ALLM's attorney was "returned to sender."
It was sent back to the PTO because it was undeliverable!
What is this amateur hour?
20 MILLION MORE shares of dilution - check the bottom of page F-4:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12689168/content/html
So they tell their shareholders that they're avoiding dilution
in this recent press release, BUT what they don't tell shareholders
is that they already diluted an additional 20 million shares over last year.
What a bunch of hypocrites:
https://www.accesswire.com/486195/Alliance-BioEnergy-Plus-Inc-Pays-Off-Final-Two-Short-Term-Convertible-Notes-Ahead-of-Conversion-that-Were-Due-in-January
Massive Impairment Charge - this is not good because it directly
relates to ALLM's core business.
ALLM had to write down / impair this significant asset because it
wasn't generating revenue. If they kept the asset value at $7 million
without producing revenue, they could have been nailed for accounting
fraud - claiming an asset that's not really an asset - it's similar to
making an asset out of thin air and that can only last for so long.
Since this is an audited document, they had to finally impair this
important asset:
<<For the year ended December 31, 2017 the Company’s equity loss in an unconsolidated affiliate increased by approximately $35,570 to $194,688 from $159,118 in 2016. This increase can be attributed to the Company’s maintenance of its patent portfolio and its worldwide patent protection. In addition, during the years ended December 31, 2017 and December 31, 2016, the Company recorded non-cash impairments of $4,069,995 and $3,207,701 respectively.>>
<<Due to a lack of revenue from the Company’s core business, the Company recorded a non-cash impairment loss on its investment in Carbolosic of $4,069,995 and $3,207,701 at December 31, 2017 and December 31, 2016 respectively. The impairment loss was determined by using an income approach through a discounted future adjusted net cash flow method.>>
https://backend.otcmarkets.com/otcapi/company/sec-filings/12689168/content/html
Where's the 10-K / Annual Report?
We can see from this filing at the end of March that the
10-K should be due today - that's because yesterday was
Emancipation Day:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12657983/content/html
Will ALLM go delinquent in its stock ticker status?
Alitrade - please let us know - you seem to be privy to
everything.
The losers in "death spiral" financing due to "calamitous dilution":
There's an ALLM ally posting here whose supporting "death spiral" /
toxic debt financing.
But if anyone wants to really know what's at stake, this scholarly
article shows that the shareholders are basically screwed:
<<V Managerial Motivations, Winners, Losers, and Remedies to Contract Design
Table II shows the largest investors in floating-priced convertibles. While the obvious gains from the issuance of death spiral convertibles accrue to the holders themselves, the losses are dispersed over multiple stakeholders. The biggest losers are usually the company's original creditors. If most of the issuing companies are destined for business demise anyway, then the company should probably terminate its life while assets remain to pay off existing debts. In reality, however, after the "death ride" is over, there is usually nothing left, and the creditors are left with nothing. The common shareholders also lose. In addition to the often calamitous amount of dilution they suffer, the possibility that their stock will be worthless is very real. Unfortunately, most companies do not inform their common shareholders of such deals until long after they have been struck and the toxics issued. There is no regulatory requirement that issuing companies must warn their shareholders of such deals beyond their regular SEC filings, particularly if the issuing company's shares are traded on the OTCBB or the Pink Sheets. Therefore, when a company issues toxics immediately after completing its regular filing, shareholders may well remain unaware until the firm's next filing, which could be three to five months later. By then, the stock price may have plummeted.>>
http://www.freepatentsonline.com/article/SAM-Advanced-Management-Journal/130469754.html
bnch, excellent points.
Maybe that's why the stock is down today?
Investors could be worried about what's likely to be
more toxic debt that's required to be exposed in the
upcoming 10-K.
Typical ALLM BS - Phoenix Biomaterials is out of a house
in Duluth, Georgia:
https://tinyurl.com/y7nynbjj
Do you think that people are still going to fall for this?
Where's Earth's Renewables money? They're working out of
a condo in Newport Beach, California!
Earth's Renewables Deposit.
Since the above company was one woman show operating out of
a condinimum complex in Newport Beach, CA., I doubt this money
will show up in the upcoming 10-K:
<<The sublicense fee paid to AMG Energy Group is $1.25M plus 5 percent of ongoing gross revenue derived from the CTS process. The cash portion of the fee will be paid in installments, with the initial payment made within the next 30 days, providing the company with an immediate capital infusion and a longer-term revenue source.>>
http://biomassmagazine.com/articles/14429/alliance-bioenergy-licenses-process-to-earths-renewable-energy
So it will be the same with today's BS press release.