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Yeah I know that.... It's not like I'm running out buying shares based on the information or anything :)
Is there anyone here who's respected and trusted who's actually ever spoken to Billy? Does the man exist? :)
Of course the one afternoon I miss something happens. Why would it take carter 2 months to compile a list of shareholders? very strange but either way, a good sign that he's doing it now. Did he say anything else?
Also, this talk of 13 going BK is crazy. If they can't pay, we'd own the companies along with whatever other creditors didn't get paid off. It's not like we'd get nothing. If they'd rather give us the entire value of the companies than part of it... fine with me.
Aug 8, 2019 8:30 AM EDT Commscope earnings call.
Wonder why it's a week later than last year. Maybe meaningless, who knows?
Looking forward to hearing what they have to say!
fair point. If they had been reading your material all along, a collective billion or two (thus far) could have been saved.
Guess I should restate it is they 'think' they have better things to do with their time :).
Q2 Earnings and CC should be around 7-31-19. For owners interested in the recent changes and wanting an explanation, I'd encourage reaching out to investor relations and asking them to be sure to include talking points on this topic in the Q2 CC.
Dan Whalen
Manager, Investor Relations
+1828-323-4898
Dan.Whalen@commscope.com
Kevin J. Powers
Vice President, Investor Relations
Kevin.Powers@commscope.com
New all time low this morning. Down 4%, 59 cents last time I looked. Trading at $14.53.
Would love to hear any alternate theories on why this is happening. All I've heard to date is the huge UOIP liability. Sorry... Unified Online. UOIP registration got revoked and the company it's suing drops 4% the next day.
Strange world we live in.
What did they quote you on before? That's pretty cool!
I've owned shares of LPs and other private entities. They were private all along, and had they gone public at some point and been revoked later (as is the case here) they would have been no less valid and the laws would have applied just the same. I have been a minority shareholder in a private entity before. The majority shareholders and officers of the company had a fiduciary duty to the minority shareholders. Billy has a fiduciary duty to us not to take all the money for himself whether he has control or not.
No one disputes that Billy had the opportunity to cure the delinquencies but no one seems to care for the reasons stated many times. It is not fraud to be revoked any more than it's fraud to choose not to go public in the first place.
Also, I wouldn't give too much credit to "sophisticated" investors. We all know about a certain company that's nearly 100% owned by those folks, and its lost half its value in the last few months.
I can't speak for always, but here you responded to the thread I started so I responded, simple as that. If you'd like to make a general comment about everyone that doesn't apply to me, then posting a new message is the way you'd do that.
I simply said it may be a good time to reach out to him. I still feel that way. Why that means you think I'm offended by the fact that he probably has better things to do, I don't know.
I agree that he's not going to walk off with cash.. Not sure why you take other's comments and assume I feel that way. Probably more effective to find whoever thinks that and respond to them.
Hey! That wouldn't be so bad... :)
Why are you so convinced that illegal activity becomes legal once something is 'private'? What a silly notion.
It's not like I can just go into your house and take everything I want because it happens to be a private residence.
Now that this can't be traded anymore, what interest do you have in contributing the discussion? Leave these people alone. They're worked up enough already as it is. If you think UOIP is going to fail, then fine... but how do you sleep at night trying to deceive people all day? Sad life man.
I agree and certainly hope that's the case. This actually lines up nicely with all the money that those entities we taking out, and so my wishful thinking self would like to think it's all a part of impending settlement.
Life is rarely that quick and easy though. There is a chance.... but I don't know that I'd call it good.
I can't imagine that the SEC decision would be driven by anything related to settlement. That said, it is possible that the parties had decided to wait to put ink to paper until revocation... so this may be one more thing out of the way...
Who says I am uncomfortable or have asked for an explanation??? I simply said that it's a reasonable time to reach out to him (as people have done before.)
If you are not one of the people who has ever been in contact with him, then I totally agree that breath should be saved as neither this post nor the one referenced are for you.
No one is a 'trader' at this point.
I see no reason why he wouldn't want to spend a few minutes with someone as he has before. If I was in his position, I certainly wouldn't mind giving a quick update when there is a fundamental change.
Well given that the lifetime average on this board is about 3 posts a year... I'd say no conclusion can be decisively drawn about where everyone is :)
With near 0% individual ownership, makes sense that no one is here to discuss. Institutions have better things to do with their time.
I know a couple of people have Billy's ear and have called/emailed him before. I think now is probably an appropriate time to ask for an update or message to shareholders, or ask for 30 minutes of time on Aug.6 with whoever attends.
Today is really no difference from yesterday in my mind. Either it's a win or a bust. Whether or not UOIP trades on the greys has no bearing on any of that.
The only downside to me is long-term liquidity. I could see scenarios where UOIP wins a case but we don't see any money for years because of appeals. I would have liked to be able to trade at that time. If someone does meet with Billy, I would like to get a sense of whether he'd re-instate with some development like that.
present the good and the bad. Address strengths and weaknesses in the case. Rebuttal can always come in the comments.
I think it would be pretty cool to see a thorough and exhaustive review of the situation to date ( patent wins, conversation with one of the cable companies legal dept. etc.). There are a couple of People on SA who cover patent/litigation situations and you could always reach out to them, give them some details, and ask them to co-write the article with you or something.
That's fair... Yes, it was tongue in cheek and I agree with all of your points.
That said, if one of you attending has the chance to meet with any of them, I'm happy to buy the first beer :)
Invite them all to the Vegas party when it's all said and done.
I wonder if there are any non-lawsuit items that could be discussed. I'm sure he can't talk about much, but I'd be interested in his response on whether he plans to reinstate the stock at the conclusion of all proceedings.
We should use some of that Pacer GoFundMe money to offer to take them out to steaks/drinks or something. Hope it goes well!
I have never seen a stock with all institutional ownership. Is this common, and has this always been the case for COMM?
Makes sense that there are no individuals on this board, no one owns it.
IGLOW, if you don't believe the recent drop is related to the litigation, then what do you attribute it to?
very cool, thanks for that. My takeaway is (broadly) that the market thinks these indemnification agreements are pretty good, and that most of this is going to fall on COMM. (Impact to CISCO is minor relative to their entire operation, so it makes sense that we wouldn't see it reflected as much in the price.)
I actually disagree. If the 13 are fully indemnified and COMM would foot the bill for everything, then shorting COMM is a better hedge. One reason would be lawyer fees, if they apply.
Making it simple (ignoring share count, market cap, price, etc.), lets say COMM had to pay out $1 per share. After lawyer fees, UOIP gets $0.70 a share. Much better shorting and profiting $1 than being long to profit $0.70. If they're fully indemnified, then they don't need to participate in our ups and downs, they just need direct protection against a COMM bankruptcy.
As to your point, Oil and Gas companies hedge all the time, so a second reason is that buying long term puts could be classified as a risk mitigation expense or something like that, where actively buying shares in UOIP couldn't be justified in the same way..... maybe.
As you alluded to... Either way, there are no shares available. Certainly not on the scale they'd need. One of them could potentially pick off a million or two shares per month without being noticed, but certainly not all 13, and after a couple of months even the demand from one would drive the price up.
Random Theory.... Could COMM's price drop be because the 13 are/were shorting it in case COMM isn't able to cover the bill... as insurance against them going bankrupt?
I'm not clear if it would be insider trading to do that as a hedge or not.
Well that's a change in the question. You've chosen a number that is 6.67 x higher than the first one we talked about. You say it's going to stay at $0.015 and that's what I'm responding to. I am sure enough that it will go higher than $0.015 that I'm willing to bet on it and sign a futures contract with you.
On the unrelated question, I have no basis for assigning a value after a jury win since I don't know what the jury would award. Let's call it $1.6B, or roughly $1.00 per share plus ongoing royalties. Yeah, if that's the case, I'd say shares should be worth $0.10. Do you have any companies out there where a judgment has been awarded by a jury and they're trading at over a 90% discount to that judgment? What percentage discount would you assign, and what situations are you basing that on? I admit ignorance on this so if you have some examples, perhaps my mind would be changed.
I'm not saying a long trial with a win is the best scenario, but it's certainly not a loss.
I'd slow down there.
If a trial is won the share price will jump significantly, and we'd probably be re-listed. I don't agree with the notion that this would sit at 1.5 cents until a payout.
If the trial awards us $2.00 per share and there's an appeal, maybe it jumps to $0.40 or something. That's not what it could be, but it's enough to sell a few off and enjoy the ride.
Winning by trial is not a bad thing. I'd much rather them do that than be in a rush to settle for less than is deserved.
UOIP is great and I believe the stock will be very valuable one day.
I also believe that Psychochartrader's charts, especially as they relate to our nemesis company, are enlightening and we lose nothing by reading his theories on UOIP price moves, just as we lose nothing by reading guesses on where the share price will end up.
Just saying that there were about 20 posts today about what price we hope to get. I'm not a huge chart person myself, but I think we could all agree than any of PCTs posts have at least as much value as those. Just sayin....
Happy fourth!
So this doesn't really work unless we have at least one confirmed by at every site... Since we'd never know where the trade happened. If you want the price to stay above a threshold, then list all the brokerages out, and someone put their name next to it and the floor bid they have. Otherwise, there's no way to really know if shenanigans are going on. There aren't that many different entities that trade this, right?
I've got all of $6.00 left at my brokerage so I put a limit order out there for 30 shares at $0.03 a share. Not trying to affect price or anything, just to see if it filled. No one at Schwab was selling for $0.03, at least not in the last 10 minutes of the day...
so this redacted version is interesting because the royalty for all defendants is longer, and must be at least one 'zero' more than what we know is $5,000,000. Therefore, the royalty for all defendants that is being suggested by plaintiffs has to be at least $10,000,000 ( and it's not clear that's yearly or what.)
One could probably measure the length of redacted numbers in all documents and figure out whether its 8 or 9 zeroes.....
Either way, the fact that defendants own expert is suggesting a lump sum royalty of some value or another is certainly positive.
Only reason for anyone to proactively go in and make adjustments to A/S at this juncture would be because a buyout is in the works. Carter might theoretically decide to sell a controlling interest ( 4.5 billion shares) to Cisco for $1 each or something.
Can't see any other reason why anyone would be changing the number, and I see it as either neutral or good. I've heard people say that new shares can't be issued on the greys, but I don't know if that applies to private placements.
Maybe not 'worry', but I still maintain that we're better off if they're a $20B company than if they're bankrupt.
If we're indirectly going after their entire market cap (Would love to know the details of indemnification agreements) they have nothing to lose by fighting it out until the end.
It's kind of a catch-22. I know it seems odd, but the truth is we'd rather see them do well. Can't pay us off if they go BK before the case is over, and I imagine that they'll try to use that to lower the amount "We can't pay you more than the company is worth". I have no problem if their stock goes up.
I would contribute $5 to the cause. I'd note that paypal is free if you register a checking account and transfer to an email address.
Every penny counts when you invest in pennys!
Good- RPX lost to Chanbond. Writ denied.
bad/Delay
- Some new 'theory' was allowed to be introduced.
- No schedule yet for Cisco
Strange- Stock hasn't been revoked yet. Unclear why not.
You're caught up!
I'm going to have to agree. I would agree anyway, but especially since I've seen some of MY random small trades be the ones to set the price.
I had a 3000 share trade yesterday at $0.0141, for instance. With the commission, I ended up paying more than the person who bought at $0.015. The fact that some of my trades have been the last of the day and would be incorporated into the chart proves (to met at least) that it is meaningless... at least on a day to day basis.
I'd say it's mostly fundamentals, a little manipulation, and even less charting ( Maybe as we get to the end of the year.. tax loss harvesting and all that could be charted.)
Yeah man. If you have a limit sell and the price never hits it... you don't sell. Simple as that.
If there is a settlement/dividend, or anything else in the meantime, then you keep your shares and get any money paid out.
Although yours is high enough not to matter, my advice to anyone is not to have any limit sells. This is a binary event type stock, and how sad would it be for a $3 settlement to be announced... payable in a month, and everyone who has sells set below that number get taken out.
Just hold onto your shares and wait to make any sell decision based on the information you have at the time, that's my advice. It's not like this stock is going to go to $5.00 and you'll just miss it. Seeing a few extra '0's in your account would probably clue you in that something is going on :)..
GLTA!
RPX hating pt..2
If you think they should include information about the recent Supreme Court loss in their 'News Releases', let them know at
media-at-rpxcorp-dot-com. I'm sure they'd love to hear from you!
Nice!
Here's one: RPX is a Writ-Penny turd!
---------
(For the record, went to their page. No mention of the recent decision. I still see:
"Thousands of companies—large, small and in every sector—pay billions of dollars each year to resolve predatory patent litigation. New defendants find themselves under attack every day. Don’t be one of them. Get A Quote
Wonder if the price has gone down now that it's clear they can't do anything! Perhaps someone should sue them for false advertising. I'd love for us to be able to bring class action..... but I recently found out that we wouldn't winsince we suffered no financial consequence of their advertising :)
That's ridic! Just add a little money and don't sell any shares. I'm happy to donate towards the cause!