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So Billy Carter is writing a personal check for $5 million out of his pocket, not Unified, and in turn is going to forgive the debt to Unified? What is Billy Carters financial condition and where is the binding agreement upon Billy Carter. Sound and smells of rank promotionalism.
Unified is in a technical state of default on the agreement. Default status would nullify the agreement placing her back as legitimate owner of Chanbond. Zero officers at Unified left to dispute.
Reaching out to Chanbond Owner. She may not be aware of Unified’s insolvency.
Ms. Leane, real owner of Chanbound, should just let the agreement timeout and then merge with a less diluted Public Shell. Makes perfect sense as opposed to Unified Online’s less than desirable corporate structure.
Would love to see Chanbond go public. Until someone is elected Officer of UOIP and they somehow raise $5 million and consummate the purchase agreement your holding nothing more than “Air” in the form of Unified stock. That’s being kind.
A corporation cannot function without at least one officer. This might be smarter for all the shareholders involved to consider doing a GoFundme. Raise the $5 million to give to Ms. Leane and take over that portion of the agreement (as it can be demonstrated that Unified has abdicated its corporate governance and therefore in a state of default).
There's nothing to stop investors, including the gentlemen that owns 50% from slowly liquidating his position all the way up to Oct 22, 2020 when the Purchase Agreement is due and just walking away. Possibly cutting a different deal that does not involve Unified (Unified having defaulted on the deal).
Billy Carter is NOT and Officer of Unified Online.
No Officers preside over this company. No one to authorize litigation. Every company must have 1 officer. No one is here- I can serve the company tomorrow with a lawsuit alleging breach of fiduciary responsibility by Officers and Directors failure to file registrations and win a default judgement that allows the court to appoint a Trustee.
Unified Registration Delaware Default
UOIP can’t renew $150 Deleware Filing to make them a legitimate operating Corporation. How can they make a $5 million payment for Stock? What is to stop Chanbond from assuming a dead company’s paper? Leaving Unified stockholders holding Air?
Nasdaq responded that UOIP in its current form would not be eligible to trade on NASDAQ.
There is minimal responsibility required to keep a corporation solvent. By the State of Delaware's accounting the CEO has abdicated that responsibility since 2016.
No one left to pay the $169 Filing Fee? Much less the $5 million lump sum payment.
Non reporting is one matter. Corporate insolvency is another. People are buying stock in this company without realizing its true status. That will change.
OTC Other is the Exchange... Nasdaq has been advised.
State of Delaware filing status uploaded to ScribD....
Unified Online Voided Status as a Delaware Corporation.
We now know that the Agreement that was signed between Unified and ChanBond is with a company that has been Voided by the state of Delaware.
I'm filing a notice with NASDAQ in the morning on this. This should not be trading. CEO passed away and Corporation is void per Delaware.
***CONFIRMED Unified Online has failed to pay its fees and is VOID per the Delaware Division of Corporations. Since 2016
Entity Details
File Number: 703828 Incorporation Date / Formation Date: 2/25/1969
(mm/dd/yyyy)
Entity Name: UNIFIEDONLINE, INC.
Entity Kind: Corporation Entity Type: General
Residency: Domestic State: State:
Status: Void, AR’s or Tax Delinquent Status Date: 3/1/2016
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE ST
City: WILMINGTON County: New Castle
State: DE Postal Code: 19801
Phone: 302-658-7581
V - Void - A corporation that failed to pay it's annual franchise tax for a period of 1 year or a Foreign Corporation that has not filed their annual reports within a 2 year period.
Technically Unified is in default of the agreement to Chanbond.
Read the terms of the Agreement and the Default items.
Unified in Default
CEO was being paid $140k for something?
Someone has to have Corporate Authority to file approvals. There is no one of Record. This is Corporations 101.
No one is in a paid position at Unified. Leaderless. No one to pay the light bill.
Who is running the Company? No 10q's no 10K's? CEO has passed away?
and all of these can be ruled Obvious by 2 out of 3 Justices at the US Court of Appeals.
Why would they settle when they can invalidate the patents at the Appellate Level? There about 5 Justices sitting on the US Court Of Appeals that are still trying to figure out what email is really for. I've seen perfectly good combinatory patents that have survived the PTAB get squashed by the mini court (CAFC). No reason to settle when another $10 million thrown to attorneys over 5 years may kill the whole thing.
How CAFC has killed patents
This investment was for all intensive purposes a blind shell by another name. Less than 2 years ago this stock traded for almost ZERO. Aware of that fact it only makes sense that some investors who are part of that 600 million plus share position effectively are tired of waiting. With this kind of shareholder base its not out of the question to see a 10 million share sell-off in a day. Last week was proof positive of that. Everyone should not be shocked to see that kind of volatility here.
Back to .008 is the expectation. This is way to early in the process with some tech already invalidated by the PTAB. Where is the Appeal to challenge? The big trade that sank the stock could be insiders getting out.
Sure did pass
Very weak Bid Price.
Never wrong to take a profit. Those at .025 surely did today.
We have YEARS of delays ahead of us. This wont even make it to trial until 2019. Cisco and Arris shills have plenty of time to file many IPR's. Agian look at VirnetX article and see HOW MANY times IPRS were filed. and by the way VirnetX had $200 million to pay for the IPR defense.
Arris hedge fund owners are not subject to the time limit and Unified fully understands that.
Just as Mangrove Partners in VirnetX v. Apple did. Apples Hedge Fund filed and won and IPR against VirnetX.
Getting Around the IPR Statute of Limitations: Arris way out
Yes Worlds and VirnetX and Parkervision and others are looking at billions in damages and are much farther along than Unified could ever be, having litigated for more than 5 years. Research on PAE's is helpful to understand the process.
I have a complete understanding of the IPR process and it would be complete naivety to think the patents cannot be challenged. Anyone can challenge the patents, including not affiliated parties, as many times as they want. Just look at VirnetX.
.007-.008 would be within the range based on the fact Discovery is not complete and pretrial motions along with summary requests have not been fielded. My guess is it may see trial in 2019.
Federal Court Markman hearing results for all to see.
Markman Hearing Results
The Markman results is available to anyone with a Pacer Acct. Surprised the results are not posted on the Co Website. The IPR will override any of the Patent results regardless as long as the Judgement is not entered. Again what is important here is speed to conclusion. The court could hear multiple motions that sit and eat up the clock while IPR's are filed by literally dozens of "shill" hedge funds.
Please post the Markman Hearing PDF. Thanks
Its about Time Value. This case can go for the next 8 years and during that time period any IPR can be filed that selects the right PTAB Panel and delivers an Invalidation of Patents. The key is to get a Judgement before the invalidation happens. Once you get that the Invalidation is Estopped from wiping the Judgement out.
So the longer this sits without going thru the legal process the worst chances Unified will collect. There is no need to settle anything when the time game has a chance to wipe out everything.
$10 million market cap is probably about right given the fact it has not made it out of a Markman Hearing. A Federal Court Markman Hearing is required before and infringement Jury Case can be heard.
"A Markman hearing is a pretrial hearing in a U.S. District Court during which a judge examines evidence from all parties on the appropriate meanings of relevant key words used in a patent claim, when patent infringement is alleged by a plaintiff. It is also known as a "Claim Construction Hearing".
.0145 ASK Tried to warn everyone on this one.