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I am ready to sign the docusign, however I was wondering why the buyback price per share is not indicated anywhere? Can anyone clue me in? I heard it is .002 but do not see that specified anywhere.
But you have claimed to have invested in here multiple times... So that doesn't seem to make sense.
Shareholders have a very solid case. But whether or not our legal representation has been on top of handling things in the best way is a different story. We have missed opportunities to get certain things done by what seems to be lag on our side. Hopefully it gets better, and with the most recent updates I'm optimistic it will get better.
Thank god, because that might be a possible out for us to get a judgement before Carter can run off with any available funds as has been made clear will be done.
It's interesting to me that he just decided to leave shareholders nothing. I thought at the least he would try to low ball to get everyone to go away. But instead he just decided to cut out out entirely and now face the wrath of 100+ disgruntled shareholders who are out for his freedom. Interesting way to do things, but I guess he might feel like superman.
Imagine, he would have had $100s of millions with all of us praising him. Instead he did it this way and will fight for his freedom.
It's very apparent that the funds have been distributed at this point. With that being said - Carter could really be facing some terrible karma. Other than that it's tough to see a road to recovery (at least anywhere near totality) for us as common shareholders. Unfortunate there exists beings like this buffoon of a man that are willing to risk their freedom just for some extra monetary value. Would have been a rich man anyhow has he done things right - instead he wanted everything and now will likely end up losing his freedom if everyone sheds light on this like they should. Clear illegal activity, especially with the latest news that he has distributed the funds after allowing UOIP to delist and leaving out the likes of shareholders and the patent creators.
Who knows who he has already paid out with the funds - Bentham? CBV (how much?), Deidre? any other side deals made along the way to keep paying for his groceries.
Agreed. And this one in particular us just gotten beaten to oblivion for months now.
The disappearance of volume in coordination with the low volume take downs on this ticker are brutal.
Just show us one transaction... that's all we ask ;D
Interesting point. I guess we will see what effects this will have if we stick around long enough as investors. I do think they produce a product that is needed in the health care industry. Hospitals know they have a real liability with HAIs and this modest cost could substantially mitigate that problem.
I agree, the O&G industry was in a much different circumstance when this was coming into play.
I'm not worried about how long the EPA approvals could take. In my opinion the crystallization is a huge break-through for their product as shelf-life was always the hurdle for their product in the health care system. This should really boost their unit sales in my own opinion.
The O&G break-through is something that this company has needed to go it's way and it looks like it's finally happening. But as with everything, orders need to start processing before we get too carried away.
It's definitely early. But that is why you can get at these bottom of the barrel prices. We will see what happens, but I'm comfortable buying this at current market cap knowing there is risk for downside - only because the upside is overwhelming. The main reason I'm more comfortable is because of the new management which can make a huge difference - the verdict is still out.
I only held a percentage of my original position here after all the nonsense with Gary. After I caught wind of this news yesterday, I ended up getting close to my original position back yesterday at .014. Pretty excited for what is to come here with this new crystallization product that will maximize shelf life and then this O&G news which is sure to start ramping revenue here in the near term.
It’s so easy to play OTC traders for clowns. All you have to do to bring the price down is release a statement that includes a small piece claiming “we might probably maybe do a reverse split down the road”…. And boom you can scoop up shares for half price before news comes.
Billy's own waterfall was simply an example, therefore I think we can rule that number and it's range out safely. Not to mention, we still don't know how accurate the presented waterfall information was in that filing as it has already been determined that Deidre was fabricating information.
I'm not being hostile towards your opinion if that is how it is being taken, only curious as the number would be considered low ball in any reasonable discussion regarding the damages measured by our valuation experts. The $700 million range would be a very drastic discount in reference to even the low range of the valuation expert's final range. However, I do no argue against your point that Carter is and has been in big trouble financially which could have steered his decision making towards a huge discount. Not to mention, I think the lawyers on the other side are a lot more intelligent than we normally give them credit for here and probably were aware of his financial position. One argument against this way of thinking is that the case did go all the way to trial which to me is reason to be optimistic that it was not a low ball settlement value. It almost went to decision before the MSOs decided to back down at the very last minute.
We will see where it ends up but I would not be totally caught by surprise if the settlement is something below the $1 billion mark. I would however be very surprised to hear anything less than your $700 million mark.
It is also clear that this was the intended outcome for both Deidre and Carter alike from the beginning. I think they have been caught by surprise with the amount of fight our group has in them. I think they banked on a common group of penny shareholders just walking away from it. Long fight left to go, let's see if they both risk themselves prison time for the nonsense they are engaging in.
Interesting settlement number you have there. Can I ask how you got there?
He waited it out all the way to trial and let it get to the point our legal team crushed the defendant where they requested a stay to negotiate. So I don't think he "caved" like many might think. It's possible, but in my opinion, unlikely. We got very far in the process to be considering him "settling for peanuts".
Billy's waterfall thing will likely not turn out to be anything as it was presented in the TRO when all is said and done. So it will be closer to 40% of total amount of settlement if things go right on the legal side.
Also $600 million is just a projection that ZW has held for a long time now which is only an opinion. Based on the valuation placed on these units this number is absurdly lowball - however we cannot be certain what Carter would have been willing to settle on based on his piled up debt and multiple legal targets being placed on him at this point. Might have given a huge discount to get it done, but as I said these are all opinions and the value of the patents is the only fact we can hold to as of right now to predict what the settlement could have potentially turned out to be.
At $600 million I project somewhere around .14-.15 in best case scenario and .10-.11 in the worst case scenario depending what happens with the "waterfall chart".
Very doubtful that Leane can be successful with a move like that. The purchase agreement was very clear - and the Judge in the last TRO made it very clear that Leane did not show a breach of contract because the agreement with UO!P that Chanbond has in place is a "service agreement". This does not show that UOIP lost value in it's assets. It was only an agreement in place for services rendered. It seems like a tough road ahead for her with this move. Cannot blame her for chasing Carter in this way as we can tell from the loans she gave to him and he essentially screwed her over. But I don't think this is something any of us UOIP shareholders should be concerned with.
Yet is handing out $9k cash based on a call LOL.
It’s all a pony show. That’s all.
Lol. Seems the number just keeps working itself down with your estimates lately. It started at $800 million and now found itself at $500-600 million being a fortunate case. Yikes!
Being there hasn’t seemed to be very fruitful in accurate information along the way. I’ll stick to facts. Facts being that the damages are calculated on a per unit basis and Comcast has multiples more units than Cox, not to mention they have been ramped up in use much longer than Cox since the tech has been around.
Might have been a mistake by our side? Doesn’t seem feasible that we would be suing Comcast for only 2.5x the amount when Comcast has had the tech in place longest and has many multiples more of units in place than Cox. Not saying your wrong or they made a mistake just seems perplexed given the facts.
Sometimes it's tough and too time consuming trying to break things down to levels one can understand.
The case is Chanbond vs MSOs. Chanbond is collecting damages from the defendant - I would assume that any agreements between Chanbond and entities/persons it does business with would be fulfilled by Chanbond paying them out after funds are received. The money would not be parceled out based on any "waterfall" chart or agreements made by Chanbond.
MSSV owns that loan not GSCG. MSSV had to take that loan primarily for the $8.2 million to be sent over to LAHO (decision made by management to make LAHO investors whole). MSSV is apart of this deal not just GSCG. MSSV has to bring something to the table to take in GSCG.
Still yet to find out if there are other agreements behind the scenes that make this deal less favorable to MSSV. Also yet to see if LAHO actually distributes this money they apparently stored in escrow to be distributed. It's been months now and investors have not heard a word from the TA.
Guess that's a lot better than a settlement never occurring like some here claimed :D!
Then I was off base completely. But I figured that could be in play. So this has nothing to do with UOIP/Chanbond.
Deidre is looking to take back ownership of Chanbond in which case UOIP is cut out completely. I don't think our interests are aligned with hers. She will allow her 44 million shares to go unpaid in the case she takes back ownership of Chanbond who is indeed collecting the check.
Agreed that it will not be worked out in the short run as the silence to this point has confirmed. This is not a corporate liquidation - Carter has full control and authority of Chanbond where he can decide what is to be done with the funds. UOIP can sit as a private company for years to come being the "parent" of Chanbond all it wants - how Chanbond (Carter) decides to manage it's money is totally in their hands. Good luck appointing a custodian to say otherwise.
Exactly, I believe the conversation had to do with "all shareholders being treated fairly"... Right so when he owns the majority of commons then each share will be treated fairly and he does what he wants with majority interest.
Again, regardless it never happened. Just like the dinner with the team in Delaware never happened. Just like there has never been any formal communication from Carter or UOIP since Howe's passing. It's called "dodging" - the conversation with the credible shareholders was another dodge by giving us a little thing to nibble on while he continued the negotiations behind the scene. Easy peesy.
Is collecting a vote from shareholders not collecting information? Regardless it never happened. Hard to defend his position.
I cannot speak to that as I did not try reaching out. However, it does say on their website right now that due to Covid they might not get to the phone but to leave a message or send an email. If those who reached out before did not do so they might have never got a hold of the office and never got a response. I don't think they were shut down but things obviously changed dramatically and could have effected their responsiveness.
There just seems to be no indication that Carter has communicated with the TA in anyway for me at this point. Which indicates we are to be left out.
TJ, I see no indication to believe the TA was "re-activated". It seems my conversation with "Paul" on Friday and other conversations posters here have had with Olde Monmouth indicate that they have always been the TA for UOIP and provide the latest SS but have not heard from UOIP in "a long time".
I do know that BA and others had a hard time getting anyone to answer the phone awhile back and then now suddenly they are answering the phone which seems to indicate they had a dark period. Maybe that had something to do with Covid? Many companies went remote, etc. So unless people were sending emails or leaving voicemails they probably never got any feedback.
I doubt anyone would have that information here - and if they did they would not be relinquishing it.
My guess it this:
The original allegation for breach of contract was denied by the judge. One of the important factors was that there was no value on the asset yet. Now that has changed due to the settlement. This might be a move for breach of contract due to that change.
I could be way off base here - just my thoughts.
Aside from all of this, there has now been silence for almost 6 weeks. Coming up on the 45 day mark. I find it hard to believe there are any intentions of shareholders being included here. Not to mention, the TA (as of Friday) is still unaware of any coming distribution. Seems very unlikely we are to expect anything at this point without a legal battle.
And Billy really is on the hook legally if we are cut out 100%. It would definitely be a breach of contract at that point.
What geejay is saying, is that when Billy told our team that the TA would be reaching out to collect information from shareholders - this made no sense as the TA's only purpose is to keep record of what brokerages hold shares and quantities. The TA would then reach out to these brokerages if there is a distribution.
What I could be missing here is if the distributions were to be wired to shareholders directly from the TA then the TA would reach out to brokerages for shareholder information where they would then reach out to the shareholders. I find the perplexed as I would assume the brokerages would handle that side with their clients as they have the logistics for it, whereas I don't think a TA has the logistics to be reaching out to shareholders individually for direct wires.
Just another example of a man on a mission... that happens to be in direct conflict with our interests.
I would compare it to when a teen is lying to their parents and end up saying something that doesn't make any sense in a hurry to cover their tracks.
Either that or he just doesn't have an understanding of the situation which could indeed be the case.