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Just to be clear my last post was in no way directed at you. After I thought about was thinking you might take offense. None meant.
You're right any big movement upwards before the actual ruling will be met with resistance. That will return it to a reasonable price movement. Slow and steady accumulation is best.
Sub-dollar does not always invite the brightest. More so the nervous nellies to sell for a loss.
Neither shocked nor awed by the pps movement after the article some decided to leave.
Let em go! We are in it to win it!!!
Long haul should pay off.
If it goes through 3.15 then ill get excited
I'm curious if they will have some preliminary numbers. Most likely just outlining the strengths of patents though. Should be a good read.
Not a problem European.
I don't know anything just answered your questioned. You'd have to Ask The one that brought it up seems he knows something.
Declaration of insider share transactions
Lol I agree with ya. People are just sick and tired of waiting I'm sure. They never expected this to drag on this long. I think we all got a taste of one of the reasons our judicial system is clogged up to the max.
HJJ, Google, MSFT etc could care less what this stock does. Nor do they care to give money away. There is only one reason a company ever settles that is to subvert court costs.
I don't believe there will be any news from PTO before the case with MSFT goes to court either. VRNG will simply proceed with complaint against MSFT. There is still the opportunity that MSFT could offer a buyout to try and take profits out of G's pockets. But that would still be up in the air until the appeals are decided and the RR is set. Not even sure VRNG would even agree to such.
Just have to take this step by step. This RR ruling will effect everything going forward. Then the appeals along with MSFT case, then ZTE. But most likely most won't even be here if it pops from the RR ruling IMO. Too much speculation just floods the mind with thoughts of extreme outcomes. Right now, at this point, nothing matters except what is in the brain of one man HJJ.
Just my 2 cents. I've cut back my posts cause I'm tired of speculating about things that are too dependent on this ruling to even be considered until the judgement is laid down. Hell the whole thing will be heard again in the appellate court. So who freakin knows.... No one!!!
Didn't mean to be negative just tired and exhausted today.
GLTY'all
Sold another play today will be looking to pick up some more in the near future. Looking for buying support should be in .44-.46 range this time. Just normal trading on low volume. Seems to be an overall upward trend with 2 steps forward 1 step back.
Our day will come!
Imo
I dumped my shares this morning. The sell on news attitude along with the questions being brought about by some over the new auditor not being un-biased cause of past dealings over seas with HLF has given the shorts new life.
It was a profitable trade never intended to hold for long term anyways. May re-enter if I see any upward momentum.
Run-on sentence lol don't care
I agree I despise the way this stock trades. It just seems so controlled.
I been watching this stock forever. Since it was $3 I am invested at .06.
If you want to get in I'd do it under .03. There are no guarantees they won't dilute by increasing the shares available. Right now they are using financing through shares that where issued to a third party. They have been selling 2% of their shares per month per the 10-q as I stated in an earlier post on this board. They have some funding through the college.
This is a highly speculative company. Yes there is a chance that they will see some kind of a licensing deal on their patents. But seriously it is still a ways off before the technology will be ready for production.
I'm not saying it won't pay off in the end but just be cautious and understand that it may take some time. IMO I wouldn't invest more than you are willing to lose.
My shares are considered to me as lottery tickets. I don't count on them for anything but if it hits in the future and returns to, hell even a dollar, that would be great!
I do think they believe they have something. I believe they have a great technology with some possibly profitable patents. Whether they will get there before some one else with real backing gets there who knows.
I don't believe they are just milking shareholders money IMO it is just that they have no major R&D money. If they did it would not have taken near this long to get there.
They speak as though they are getting close. But seriously, everyone thought they were close some many years ago. All those investors lost a lot of money. My uncle in law bought in in the high $2 range finally dumped his shares below $1. I never bought cause I never buy a stock after a huge run. I watched for an entry point but it just kept falling. I gave up until after they did the R/S and got interested again. When it seemed to level off around .06 I figured WTH lottery buy and forget it.
So basically don't buy if you expect immediate results. It may go back to .04 soon. If you wanna try and flip for freebies that would be the best bet IMO.
Jmho!
Gltya
LOS ANGELES--(BUSINESS WIRE)--
Herbalife Ltd. (HLF) today filed a Form 8-K indicating that the Audit Committee of its Board of Directors has engaged PricewaterhouseCoopers LLP ("PwC") as the Company's independent auditors. PwC will commence work immediately to re-audit the Company's consolidated financial statements for the fiscal years ended December 31, 2010, 2011 and 2012. PwC will also review the Company’s condensed consolidated financial statements for the first quarter of 2013. The engagement of PwC was made after an extensive evaluation process by the Company's Audit Committee.
As previously announced, the change in auditors was the result of KPMG LLP's ("KPMG") resignation as Herbalife’s independent auditors, due to the impairment of KPMG's independence resulting from its now former partner's alleged unlawful activities. As stated by KPMG, their resignation was not related to Herbalife’s financial statements, its accounting practices, the integrity of Herbalife’s management, or for any other reason.
“We are very pleased to have engaged PwC to serve as the Company’s independent auditor. They will begin work immediately to re-audit the Company’s December 31, 2010, 2011 and 2012 consolidated financial statements. Investors should rest assured that the Company will be working to assist PwC in any way necessary to facilitate their work,” said the chairman of Herbalife’s audit committee Leroy Barnes.
About Herbalife Ltd.
Herbalife Ltd. (HLF) is a global nutrition company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in over 80 countries through and to a network of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains a significant amount of information about Herbalife, including financial and other information for investors at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.
FORWARD-LOOKING STATEMENTS
Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities and Exchange Commission. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, among others, the following:
the resignation of our former independent registered public accounting firm, its withdrawal of its audit reports with respect to certain of our historical financial statements, and any difficulties we may encounter as a part of the re-audit of our predecessor auditor’s work; any collateral impact resulting from the ongoing worldwide financial environment including the availability of liquidity to us, our customers and our suppliers or the willingness of our customers to purchase products in a difficult economic environment; our relationship with, and our ability to influence the actions of, our distributors; improper action by our employees or distributors in violation of applicable law; adverse publicity associated with our products or network marketing organization, including our ability to comfort the marketplace and regulators regarding our compliance with applicable laws; changing consumer preferences and demands; our reliance upon, or the loss or departure of any member of, our senior management team which could negatively impact our distributor relations and operating results; the competitive nature of our business; regulatory matters governing our products, including potential governmental or regulatory actions concerning the safety or efficacy of our products and network marketing program, including the direct selling market in which we operate; legal challenges to our network marketing program; risks associated with operating internationally and the effect of economic factors, including foreign exchange, inflation, disruptions or conflicts with our third party importers, pricing and currency devaluation risks, especially in countries such as Venezuela; uncertainties relating to the application of transfer pricing, duties, value added taxes, and other tax regulations, and changes thereto; uncertainties relating to interpretation and enforcement of legislation in China governing direct selling; our inability to obtain the necessary licenses to expand our direct selling business in China; adverse changes in the Chinese economy, Chinese legal system or Chinese governmental policies; our dependence on increased penetration of existing markets; contractual limitations on our ability to expand our business; our reliance on our information technology infrastructure and outside manufacturers; the sufficiency of trademarks and other intellectual property rights; product concentration; changes in tax laws, treaties or regulations, or their interpretation; taxation relating to our distributors; product liability claims; whether we will purchase any of our shares in the open markets or otherwise; and share price volatility related to, among other things, speculative trading and certain traders shorting our common shares.
We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.
.yom-art-content .bwalignc {text-align: center} .yom-art-content .bwlistitemmargb {margin-bottom: 10.0px}
The speculation on the Street now is that Bill Ackman may be getting the squeeze at Herbalife (HLF). The shares were higher by $4.77 (10.73%) to close at $49.21/share on volume of 5.5 million shares yesterday and this continues a winning streak for the shares. Ackman is short via the shares, not options which has given him added risk while nemesis Carl Icahn has accumulated a stake in the company of around 16 million shares. Ackman himself may not have had to buy any shares to cover his shorts but many think that those who were copycat traders have in the past few sessions
http://m.seekingalpha.com/article/1449401
$52
Now that read great!!! I feel comfortable that the judgement will come down 5-7% of 20-40%. I think they gave HJJ the necessary info and that every aspect of G's whining was covered.
Lets see what the market says tomorrow. Hopefully some significant covering giving everyone a little relief of anxiety.
GO VRNG LONGS!!!
Another very good day. Lets get that auditor signed and see what a real short squeeze can do.
I hope they address to impress to rule!!!
Price action looking very strong so far this morning!!
As I apologize to the board for the distraction.
There is huge upside potential to this company.
I Agree that the 700 million may be taken in the wrong context. The potential goes way beyond that IMO. We should start to see the market cap appreciate greatly within the next few weeks barring or in spite of minor hiccups along the way to prosperity.
GLTY'all
I appreciate your response however, the need to "dig" at others only serves the purpose of feeding ones "ego". It is not constructive nor does it give an image of a person who is "here to vet information" in a way that is helpful to others.
No matter what you think I believe everyone deserves respect. This should be a forum for learning, helping and passing on of information, thoughts and understandings.
Of course it was positive they were alluding to evidence that pertains to the current case. This evidence is obviously in support of WDDD thus the use of the word probative.
Rather condescending wouldn't you say. Always someone who believes they are smarter than the world.
There seemed to be some confusion about the meaning of the article and I posted the legal meaning of probative to help clear that up. Get over yourself and come back down off that pedestal.
Nolerman Friday, May 17, 2013 6:59:22 AM
Re: coolerheadsprevail post# 10080 Post # of 10090
It's exhausting to keep going back and forth on definitions of words learned in grade school, that some have just googled to comprehend here.
Yes I believe that was hint he was leaving by using the word probative. That it constitutes provable evidence of infringement that could be used in a court of law.
Probative:
Having the effect of proof, tending to prove, or actually proving.
When a legal controversy goes to trial, the parties seek to prove their cases by the introduction of evidence. All courts are governed by rules of evidence that describe what types of evidence are admissible. One key element for the admission of evidence is whether it proves or helps prove a fact or issue. If so, the evidence is deemed probative. Probative evidence establishes or contributes to proof.
Probative facts are data that have the effect of proving an issue or other information. Probative facts establish the existence of other facts. They are matters of evidence that make the existence of something more probable or less probable than it would be without them. They are admissible as evidence and aid the court in the final resolution of a disputed issue. For example, in the case of a motor vehicle accident, a witness's testimony that she saw one automobile enter the intersection on a red light is a probative fact about whether the driver was at fault.
Evidence has probative value if it tends to prove an issue. However, probative value may refer to whether the evidence is admissible. Rules of evidence generally state that relevant evidence, which tends to prove or disprove an alleged fact, may be excluded if its probative value is substantially outweighed by the danger of unfair prejudice, confusion of the issues, or misleading the jury, or by considerations of undue delay, waste of time, or needless presentation of cumulative evidence. A trial court must use a Balancing test to make this determination, but rules of evidence generally require that relevant evidence with probative value be excluded only if it is substantially outweighed by one of the dangers described in the rule.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
probative adj. in evidence law, tending to prove something. Thus, testimony which is not probative (does not prove anything) is immaterial and not admissible or will be stricken from the record if objected to by opposing counsel. (See: probative facts, probative value)
Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
probative adjective demonstrative, empiric, evidential, evidentiary, experimental, exploratory, offering evidence, probatory, providing evidence, providing proof, verificative
Associated concepts: probative evidence, probative facts, probative value, probative weight
See also: tentative
Burton's Legal Thesaurus, 4E. Copyright © 2007 by William C. Burton. Used with permission of The McGraw-Hill Companies, Inc.
This is a huge pivotal decision for VRNG. Hard questions are asked when these type events occur. There is only one man that can answer those right now HJJ. Future decisions (MSFT) depend on his decision. To look at anything else at this point is to just say that an unfavorable decision by HJJ will not considerably affect anything going forward. That would be a mistake IMO. Yes they have other fish to fry but if you eat the first and it makes you sick you most likely won't eat the rest. At least until your stomach settle downs anyway.
Enlighten us
Bought 2.76-2.77. I may buy more but it would have to be lower than 2.76 and I just don't see that happening unless we get delayed again. But you never know!!!
I do appreciate the offer. I have very little contact with her and I believe she has tried or is using a combination of treatments that has minimized the duration and severity of complications associated with this. I guess if you want you could email me the info and I will pass it along to her. kev1@fidnet.com
I'm almost out of posts crap!
My aunt has Lyme disease and it is not good at all. She has rashes, hard time walking at times and like u said memory issues. It's weird cause she will be ok for a while then really bad.
Hope you find someone that can help. They way I understand it, it can get worse over time even affecting major organs and the nervous system.
Appreciate your service as well!!!
Well that would be nice but you can't realistically predict any price for this stock out any further than the next move on the next upcoming event. I think one-step at a time is the best policy.
But it's fun to speculate if and that is a big IF this happens then this should be expected. But the price will reset itself on a risk/reward basis and probably never find a "fair market value" based on fundamentals/ financials until we get through these big three decisions and the appeals that will ensue.
But it does sound nice.
LOL...
It's falling lots of selling today convertibles being converted into sold shares. Look for buying opportunity this week into next. They are paying bills with shares at this point. It's a sneaky way of not showing dilution. Read the 10-Q. Epecially the very bottom.
There was no cash used in investing activities during the three months ended March 31, 2013 or for the three months ended March 31, 2012.
Cash provided by financing activities during the three months ended March 31, 2013 was $300,350, a decrease of $64,430 or 18% compared to the three months ended March 31, 2012. The decrease was the result of warrant exercise advances under the terms of our convertible debentures and notes.
We expect to fund the ongoing operations through the existing financing in place (see below); through raising additional funds as permitted by the terms of Golden State financing as well as reducing our monthly expenses.
Our ability to fund the operations of the Company is highly dependent on the underlying stock price of the Company.
On November 3, 2006, the Company issued to Golden State a 4.75% convertible debenture in a principal amount of $100,000, due 2014, and warrants to buy 1,000,000 shares of the common stock at a pre-split exercise price of $10.90 per share. In connection with each conversion, Golden State is expected to simultaneously exercise a percentage of warrants equal to the percentage of the principal being converted. During 2011, Golden State converted $6,760 of the $100,000 debenture into 60,601,868 pre-split shares of common stock, exercised warrants to purchase 67,600 pre-split shares of common stock at $10.90 per share based on the formula in the convertible debenture. Additionally Golden State advanced $753,381 against future exercises of warrants of which $736,840 was applied to the exercise of warrants leaving $16,542 of unapplied advances at December 31, 2011. During 2012, Golden State converted $7,991 of the $100,000 debenture into 9,577,906 post-split shares of common stock, exercised warrants to purchase 2,285 post-split shares of common stock at $381.50 per share based on the formula in the convertible debenture. Additionally Golden State advanced $789,111 against future exercises of warrants of which $805,652 was applied to the exercise of warrants leaving $1.00 of unapplied advances at December 31, 2012. During 2013, Golden State converted $1,550 of the $100,000 debenture into 5,409,397 post-split shares of common stock, exercised warrants to purchase 443 post-split shares of common stock at $381.50 per share based on the formula in the convertible debenture. Additionally Golden Gate advanced $209,950 against future exercises of warrants of which $168,950 was applied to the exercise of warrants leaving $41,001 of unapplied advances at March 31, 2013.
The Oklahoma Center for the Advancement of Science and Technology approved the Company's application for funding of a matching grant titled 800 Million Voxels Volumetric Display, on November 19, 2008. The two-year matching grant, totaling $299,984, had a start date of January 1, 2009. The Company received approval for a no cost extension request for the first year of the contract. With the new modification, the first year ended on August 31, 2010. The award is for a maximum of $149,940 for 2009 and the remainder for 2011. The Company earned $63,668 and $86,323 from the grant during the years ended December 31, 2012 and 2011, respectively and $281,492 from inception to date. The Company received approval for a no cost extension request for the second year of the contract and, with the new modification, the second year ended on August 31, 2012. The Company applied and received the remaining $13,029 of grant funds in 2013 that were earned through the end of the grant period, August 31, 2012.
On October 31, 2008, OU agreed to revise the payment terms under the SRA from a fixed monthly payment to a reimbursable cost payment basis effective September 1, 2008. As of September 30, 2008 the Company had a remaining obligation under the previous SRA payment schedule of $2,665,818 which included monthly payments due for December 2007 through August 31, 2008 of $861,131. The $1,804,687 balance of the remaining scheduled payment obligation was cancelled. Under the terms of the revised base payments schedule, the arrearages would be paid in nine monthly base installments from October 31, 2008 to June 30, 2009 of amounts ranging from $35,000 to $101,132 leaving a remaining balance after the base payments of $290,000. In addition to the monthly base payments, the Company agreed to make additional payments on the $861,131 arrearages based on a formula of 50% of funding in excess of $120,000 plus the base monthly payment. In the event funding did not provide for any additional payments, the remaining balance would be $290,000, which OU agreed to accept 4,264,707 shares of the Company's common stock based on the October 14, 2008 market price as reported on the OTC Bulletin Board of $0.068 per share as payment on June 30, 2009. The Company had the option to repurchase the shares at $0.068 per share by September 30, 2009 or at market value, but not less than $0.068 per share, if the repurchase occurred after September 30, 2009.
The Company was unable to meet the revised payment schedule and on May 18, 2009 the University agreed to revise the payment terms. Under the terms of the revised base payments schedule, the arrearages scheduled to be paid in nine monthly base installments from October 31, 2008 to June 30, 2009 of amounts ranging from $35,000 to $101,132, were deferred to a monthly payment schedule of July 2009 through February 2010. On February 19, 2010, the University agreed to modify the repayment plan to retire the outstanding debt of $525,481. Under the terms of the modified repayment plan the Company agreed to make payments to the University, not less than quarterly, in an amount equal to 22.5% of any funding received by the Company. The Company complied with the agreed upon payment schedule and on December 1, 2010 the Company entered into an agreement with OU pursuant to which OU agreed to convert all sums due to it from the Company in connection with its SRA with the Company, which as of December 1, 2010 amounted to approximately $485,000, into an aggregate of 59,000,000 pre-split shares of the Company's common stock. As a result of the debt conversion, OU became the holder of approximately 8% of the outstanding common stock of the Company. Pursuant to the agreement, the shares are subject to a put option allowing OU to require the Company to purchase certain of the shares upon the occurrence of certain events. In addition, the shares are subject to a call option allowing the Company to require OU to sell to the Company the shares then held by OU in accordance with the terms of the agreement.
5% Convertible Promissory Note #1
On June 6, 2012 (the "Effective Date"), the Company issued and sold to JMJ Financial ("JMJ") a convertible promissory note ("Note #1"), which Note #1 allows the Company to request advances of principal up to its face amount of $275,000. Note #1 includes a $25,000 original issue discount (the "OID") that will be prorated based on the advances actually paid to the Company. On June 6, 2012, JMJ advanced $50,000 on Note #1 and collected $4,000 OID, bringing the principal amount borrowed by the Company of Note #1 to $54,000. During 2013, JMJ advanced an additional $48,500 towards Note #1 and collected $23,500 OID. Additionally JMJ converted $52,767 of Note #1 into 2,400,000 shares of common stock at $0.022 per share based on the formula in Note #1. In addition to the OID, Note #1 provides for a one-time interest charge of 5% to be applied to the principal sum advanced. Pursuant to the terms of Note #1, JMJ may, at its election, convert all or a part of Note #1 into shares of the Company's common stock at a conversion rate equal to the lesser of (i) $0.35 or (ii) 70% of the lowest trade price during the twenty-five trading days prior to JMJ's election to convert. In addition, pursuant to the terms of Note #1, the Company agreed to include on the next registration statement filed by the Company with the SEC all shares issuable upon conversion of Note #1. Failure to do so will result in liquidated damages of 25% of the outstanding principal balance of Note #1. If the Company repays Note #1 on or before ninety days from the Effective Date, the interest rate will be zero percent. If the Company does not repay Note #1 on or before ninety days from the Effective Date, a one-time interest charge of 5% shall be applied to the principal sum of $275,000. The principal of Note #1 is due one year from the date of each of the principal amounts advanced.
5% Convertible Promissory Note #2
On August 1, 2012 (the "Note #2 Effective Date"), the Company issued and sold to JMJ a convertible promissory note #2 ( "Note #2"), which Note #2 allows the Company to request advances of principal up to its face amount of $140,000. Note #2 includes a $15,000 original issue discount that will be prorated based on the advances actually paid to the Company. On August 1, 2012, JMJ advanced $75,000 and collected $9,000 OID, bringing the principal amount borrowed by the Company of Note #2 to $84,000. No further advances were requested by or paid to the Company. In addition to the OID, Note #2 provides for a one-time interest charge of 5% to be applied to the principal sum advanced. Pursuant to the terms of Note #2, JMJ may, at its election, convert all or a part of Note #2 into shares of the Company's common stock at a conversion rate equal to the lesser of (i) $0.15 or (ii) 70% of the lowest trade price during the twenty-five trading days prior to JMJ's election to convert. In addition, pursuant to the terms of Note #2, the Company agreed to include on the next registration statement filed by the Company with the SEC all shares issuable upon conversion of Note #2. Failure to do so will result in liquidated damages of 25% of the outstanding principal balance of Note #2. The principal of Note #2 is due one year from the date of each of the principal amounts advanced.
Note #1 and Note #2 were subject to a Mandatory Registration Agreement (the
"Registration Agreement") whereby no later than August 31, 2012, the Company agreed to file, at its own expense, an amendment (the "Amendment") to the S-1 Registration Statement (the "Registration Statement") the Company filed with the SEC on July 3, 2012, to include in such Amendment 4,750,000 shares of common stock issuable under Note #1 and the Note #2. The Company agreed, thereafter, to use its best efforts to cause such Registration Statement to become effective as soon as possible after such filing but in no event later than one hundred and twenty (120) days from the date of the Registration Agreement. Since the Company failed to get the Registration Statement declared effective within the 120 days of the date of the Registration Agreement, a penalty/liquidated damages of $25,000 was added to the balance of Note #2.
Newton, O'Connor, Turner & Ketchum 10% Convertible Debenture
On December 20, 2012, the Company issued to Newton, O'Connor, Turner & Ketchum ("NOTK") a 10% convertible debenture in a principal amount of $29,007, due June 30, 2013. NOTK may elect to convert all or any portion of the outstanding principal amount of the debenture at an exercise price of $0.02534 per share. The Company was indebted to NOTK for legal services performed for the Company and reimbursement of expenses in rendition of those services for the period ended December 31, 2012. The debenture was issued in settlement of the indebtedness.
Convertible Bridge Notes
On August 24, 2012, August 28, 2012 and September 10, 2012, the Company issued and sold to three accredited investors Convertible Bridge Notes (the "Bridge Notes") in the aggregate principal amount of $438,000. The note sold on August 24, 2012, in principal amount of $300,000, was purchased by GCA Strategic Investment Fund Limited, a Bermuda corporation ("GCASIF"). The note sold August 28, 2012, in principal amount of $78,000, was purchased by George Widener. The note sold on September 10, 2012, in principal amount of $60,000, was purchased by Victor Keen, a director of the Company.
The sale of the Bridge Notes in aggregate principal of $438,000 included a $73,000 original issue discount. Accordingly, the Company received $365,000 gross proceeds from which the Company paid legal fees of $25,000 and placement agent fees of $27,675. The Bridge Notes mature in 90 days from their date of issuance and, other than the original issue discount, the Bridge Notes do not carry interest. However, in the event the Bridge Notes are not paid on maturity, all past due amounts will accrue interest at 15% per annum. Upon maturity of the Bridge Notes, the holders of the Bridge Notes may elect to convert all or any portion of the outstanding principal amount of the Bridge Notes into (i) securities sold pursuant to an effective registration statement at the applicable offering price; or (ii) shares of common stock at a conversion price equal to the lesser of 100% of the Volume Weighted Average Price (VWAP), as reported for the 5 trading days prior to (a) the date of issuance of the Bridge Notes, (b) the maturity date of the Bridge Notes, or (c) the first closing date of the securities sold pursuant an effective registration statement.
On December 21, 2012, the Company entered into an amendment agreement (the "GCASIF Amendment") with GCASIF, the holder of that certain Convertible Bridge Note (the "GCA Bridge Note") in the principal amount of $300,000.
The GCA Bridge Note matured on or about November 22, 2012, on which date all past due amounts of the GCA Bridge Note began accruing interest at 15% per annum. Furthermore, on November 22, 2012, because the shares of the Company's common stock into which the GCA Bridge Note is convertible were not registered under an effective registration statement (the "Registration Statement"), GCASIF was entitled to liquidated damages equal to 2% of the outstanding principal for each 30 day period after the November 22, 2012 the Registration Statement is not . . .
Me Too,
SHOCK AND AWE ACT 2!!!!!!!!!!!!
BRING IT!!!!!!!!!
LET'ER FLY!!!!!
LMAO
I think MSFT understood this when the jury ruled. Therefore the talks ensued. The hold up of course is dependent upon RR ruling against G. That away both sides have a base to negotiate on. They could delay talks till appeals are final but I think V will push them to settle or continue with court proceedings. IMO of course.
Edit: addition
ZTE is another animal on it own seeing how it is in the UK different rules apply.
http://www.vringoip.com/documents/FG/vringo/ip/12310_ZTE_Complaint_December.pdf
It's been that away for a long time. someone buying in the low 2's and flipping.
Yes it seems to be turning out to be a good one. Seems the support level here has moved up from .40 to around .42-.43. Anything under .43 seems to get bought up rather quickly comparable to the low volume of course.
Your right, I thought about that "beyond doubt" when I wrote it but left it there in absence of a better way to say it. But you hit the nail on the head.
I would believe that to get a ruling overturned they must prove it doe not infringe. Maybe I am wording it wrong again lol.
I don't mean they can't file against it but they would have to be able to prove it other than thier "words" to have an actual judgement to overturn.
Sorry not a legal jargon expert but learning a lot from this experience.
Thanks VrngaDingDong
I agree, if the judge was interested in hearing arguments about a "work around" he would have taken advantage of the opportunity in the last response by Google. However, we are not in the mind of the judge all we can do is speculate to how he is thinking based on his prior judgements and comments. Google may have hit on something that catches his interest but I believe he will follow through with the denied judgement already placed upon the bringing up of a "work around" as he should. Google shouldn't even be able bring this issue up even after the RR ruling until it is "implemented" and "confirmed" non-infringing by the PTO and possibly by another non-bias 3rd party expert. Saying something and proving beyond a doubt in a court of law are two different things. IMO
It is a shame our SEC is nothing more than a shell of protection. I would imagine these SA articles would stop, if not, be limited to facts as they stand and not conjecture to fulfill ones own agenda.
It's turning into a joke (SA articles) and should be stopped. No one ever confirms any disclosures and the writers know it. This should be left to actual employees of established news entities. Some control/restraint would be used as for fear of destroying the entity.
Furthermore, for seeking alpha to allow one to publish under an undisclosed/hidden writer should also not be allowed. They should be held liable but as everyone knows the SEC only goes after the big money.
It is a disgrace to those who do a good job in SA writing. If I was one I would be throwing everything I had at the companies allowing this garbage to be published.
This also applies to individuals such as Ackmen and Icahn. They should not be given a podium to publicly destroy or prop up a company with conjecture. The SEC is supposed to protect the individual investor by enforcing the law and allowing only fact based public information.
Well that's my soap box on the issue. I will comment no further due to the fact that as investors we have to be thorough and take into consideration the false and misleading information. It's the new uneducated investor that gets hurt the most but we all suffer to some extent from possible investors who feel the whole market is rigged and never ever invest.
Go VRNG lawyers nail this down with the next response!!!
If you made money off the ups and downs then you should get credit for "well played".
We are all here to make money right?
Not much of a fan of bragging but to each his own. Be proud of your self if it makes you happy.
"Don't worry, Be happy" lol
Some don't like traders cause they don't have the ability to do so themselves. Some think they are somehow being betrayed cause they are selling while others are holding long term. Garbage traders are what makes market liquidity.
So Bravo!