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Apparently every week is going to be good lol. Another week into August with management not making good on their promises. Doesn’t sound good to me.
Then what is the reason for Billy to tell credible shareholders here that the TA would be reaching out soon for information? Yet here we are months later and they have not yet been contacted. If he had this list why would he need the TA? And why would he have put together a list if he knew later on he would require the TA to get involved anyways. None of it makes sense and it’s hard to believe some still trust his word given the countless examples of foul play.
Just spoke with a Paul at Olde Monmouth.
Gave me the same explanation he's been giving everyone. Sounded like he's aware of the situation as he started answering my question before I finished.
They have not been contacted by UOIP in "quite some time". He's not sure they have any intentions of contacting them.
I asked if it were normal (very rare situation so not many examples to allude too) for companies that have funds they are ready to disburse to shareholders of a once publicly traded company to contact the TA and let them know they plan to disburse funds and direct the TA to acquire shareholder information from the brokers listed. He replied "that would certainly be an option".
Did sound a little irritated as if he gets these calls normally so it would seem they are privy to the situation, however the ball is essentially in Carter's court.
Therefore verifying the fact that Carter has no intention of disbursing any funds to any shareholders - if he had, this step would have already taken place as it takes some time for the brokers to get their reports back over to the TA.
As I said earlier, there is no hope here unless of course our legal team forces a hand.
I like vacations.
Then maybe I will contact Olde Monmouth shortly to find out if they have yet to be contacted. At the least they should have been contacted to acquire the information from the brokers. I expect that the shares outstanding all have a designation and link to the broker that holds them - where the broker would then have to send over a report based on the shareholders and their number of shares. This obviously requires that the TA be directed to start collecting that information.
And I just really want to ask, do you REALLY think Billy contacted the TA to prepare them for a disbursement of cash to UOIP shareholders? I think the actions on record are enough to indicate the answer to that question.
As SN once said, Billy could decide to give himself a very luxurious salary, he could use Chanbond's account as a means to fund his lavish lifestyle, he might decide Chanbond needs a new yacht to please it's "customers". Who knows what is happening, one thing is for sure - there is already a boatload of cash in Chanbond's account or will be on it's way very shortly.
Apologies for the negative narrative from my posts recently, wish I'd of thought of these issues earlier, could have potentially saved myself and others some of their hard earned cash.
Your correct, but would the TA not have directions to acquire the information needed to start disbursing the monies to all shareholders if indeed Billy were speaking truthfully and intended to include us?
Like you said it's now been 5 trading weeks since the settlement was announced. This is not a quick and easy task to put together the information needed to disburse funds to hundreds of shareholders. This task should have began already.
To my recollection, the TA claimed they had zero knowledge of any settlement and hadn't been contacted for any reason by UOIP. They only gave the share structure information as requested. Billy said, at least a month before the settlement date, that shareholders would be contacted by the TA "soon". This is all bad news for us, shows there was never an intent to include us. There has been plenty enough time to get things in order. Our last hope is the legal team.
If we are excluded, I would definitely expect Billy to face legal problems in a big way as long as we pursue them.
The fact that we haven't even heard a peep thus far and nothing from the TA is very concerning. Legal things might be taking place that have severed communications, not entirely sure. But the silence speaks for itself.
Exactly. Which shows it was a scheme all along that Benito and his "great" company were willingly involved with there, why would it be any different here. Rinse and repeat. These shareholders will follow that RM rumor nonsense with this same company probably again before this RM candidate loses all it's possible credibility with even the dumbest of investors.
Some facts we do know:
1. GSCG fell through on the RM with LAHO after they got popped for massive dilution in wake of a "potential RM" with GSCG.
2. MSSV now pumps itself with the "potential" RM with the same GSCG that was linked to the LAHO nonsense.
3. The same management linked to this MSSV/GSCG RM deal promise to make LAHO shareholders whole right before the prospective date to complete the RM.
4. Been a month and a half since this promise was made with little to no progress. Apparently this money has been sitting in an ESCROW account for weeks and yet we still hear nothing of substance.
Wonder what the next excuse will be next week when there is no update on the RM. LOL. Wash, rinse, repeat. Very simple in this penny land.
No one wants to continue buying when management has been making promises that never go anywhere.
No, but unfortunately it won't be doing anything substantial if they continuing playing their shareholder base for fools. Already been enough failures linked to this GSCG and it's RM process - to then make more promises that never pan out are only killing their credibility.
It has been addressed that pursuing that action might cause problems with the current objectives for our legal team. It would be best if before someone made that move they consulted the legal team.
Lol we will see about that bud.
Thanks ZW.
You are 100% correct that he does not have to do anything with the money. It can sit in the Chanbond account for years to come if he pleases, however this means he is not able to enjoy his share of the windfall. Highly doubt it will sit around even a month after it's been received.
Again, Billy has full control regardless if Rob was around or not. Rob would not have the authority to make decisions for Chanbond, as it was described very clearly in the purchase agreement.
Again, the purchase agreement for Chanbond clearly states that Billy is sole manager and has exclusive authority over Chanbond - meaning anything regarding Chanbond is decided by him and him alone.
In other words, per the executed contract Billy can make the decisions he deems necessary for Chanbond. Otherwise - what your claiming means Billy would have left an out for Rob Howe to make decisions for Chanbond. Rob Howe would have had authority to make decisions on the settlement timing and amount as he was the acting CEO of UOIP when this contract was executed. You think Billy and Deidre would have left it up to Rob Howe to make decisions in the patent litigation when he had no part in it to begin with?
And if you believe what your saying, then I see no reason why you haven't made the move yet on this as we would all here support you. But I say, good luck getting a seat at the table if this move is made. The contract is very clear, and a judge already upheld that contract language that Billy is the sole manager with exclusive authority over Chanbond.
At this point we are to rely on the legal help to drive this thing to the finish line and make sure we are not left out and treated fairly.
I disagree with this. It was made very clear in the purchase agreement (contract) that Billy is the sole manager of Chanbond and has exclusive authority. No new CEO of UOIP could change his decision making. If so he would have left the power in Rob Howe’s hands to make decisions for Chanbond as Rob was the CEO at the time of the purchase and contract was being signed. Nowhere in the purchase agreement does it name anyone have any authority besides Billy.
The only problem is we keep referring to law being on our side - however are we sure that what he has done (which we are not even officially aware of) is unlawful?
I think something many of us here overlooked was the purchase agreement which is the only written contract we have access to - to my knowledge. The verbiage is very clear in the purchase agreement in naming Billy as the sole manager of Chanbond with exclusive authority over Chanbond. With that being said it sounds to me like it will be a very tall task to get a TRO, not to mention very tough to prove that he has done anything wrong even if he sticks to his guns with the UO!P share and then Deidre getting her cut. With that being said he could have made many other obligations regarding any settled or awarded amount from these patents to other entities/business partners, what have you. Hard to say from a layman's point of view but I think we have a very tough road ahead to getting anything done legally. Seems the contract that was signed gave him full power to do what he pleases as sole manager of Chanbond. Even if it means creating an entity to give a substantial portion of any funds based on a "service agreement".
All that being said, as long as he were to honor the waterfall chart that Deidre presented in her TRO request we would not walk away with anything less than .10 based on a $1 billion global settlement - and that is even including the Deidre portion that is not currently in the waterfall chart she presented. Whether or not he honors any waterfall is highly speculative at this point anyways.
All in all, the question is how do we ever get a hold of information on the size of the settlement to determine whether he treated us fairly or not anyhow. Not to mention "fair" at this point can mean many different things depending on who you ask.
Another end of week gone by now through August and still nothing. This is comical at worst. We got tickets to a comedy show - rather expensive tickets.
After this was offered. Within a day or 2 posters weee already telling our hands on the board.
Btw, I have not seen the legal team hounding anyone for money in a long while. Their interests are 100% aligned with ours so they are doing what they must which is in our best interests. Not to mention they are much more invested in this project with not only money - but precious time. There is no efficiency in updating every shareholder on a personal level - especially when that has already been done and failed miserably as immediately people came here to this board mouthing off about the conversations had.
As long stated - if your worried about your investment here and demand answers then hire your own lawyer so they can update you daily on their progression. Otherwise the legal team here is doing exactly what is in all of our best interests.
Don't mean to pester - but here we are a week into August... Nothing of note. 12 days until the apparent RM. Highly doubt anything can even possibly get done before then. Will be another let down and continued excuses.
Nothing of interest here for us. Expenses only up $4.4 million from last year this quarter. Nothing out of the ordinary. Interesting - cash not out yet? Or just recently out and will not hit until Q3?
The true short interest is not and cannot be known accurately at any given time on the pink sheets. MMs are not required to report their short positions that are open and closed so quickly - the logistics behind a feat like that would be ridiculous.
There are always short positions that are supposed to be closed out within a couple of days. Especially with tickers like LAHO that were going up so dramatically. Market makers borrow shares to fill the orders to “make the market”. They then normally cover those short positions within hours to days in order to protect themselves. This is basic knowledge that all traders and investors should be aware of especially penny traders.
With that being said, Z Trade is right that there could be some mix up with the outstanding shares as those market makers never closed out their short positions as the stock was suddenly delisted and they had no chance to buy back. Those market makers will now be on the hook for .0020 per share they owe back if in fact LAHO ever makes shareholders whole like they have presented.
The company selling shares would only dilute their standing share position in the company and drive the price down more with selling pressure, that is clearly not what I was indicating here as we all know the TA is no longer gagged and shows no change to the SS besides restricted shares. Apologies if I did not make this clear.
So the insiders own no free-trading shares here according to you? Because if they do then that would give them every reason to pump the price up to off-load their shares before the big let-down or excuse to move the date back for the GSCG RM. I guess it's hard for some to think ahead especially when they have green-filled eyes.
That is the thing, they got another spike out of the share price running into this Aug. 18th date everyone is so excited about. When was the last communication regarding the rumored RM with GSCG? This was probably their last ditch effort to get the share price moving in the right direction before the inevitable let-down. I'm clearly pessimistic here and for good reason, management cares very little for shareholder's interests and has shown that to be the case plenty before. I'm fairly certain this whole buyback nonsense was a ploy to sell some shares before the big let down news on the RM. Or the inevitable excuse as to why it will happen at a later date. Watch and see. If not I'll publicly eat my own words.
It does not take a month to give out a simple 2 sentence update letting everyone know that they are working on this apparent share buy back. That is nonsense. Keep everyone engaged in loading shares before that Aug. 18th let down date.
This is pretty cringeworthy stuff here. I guess this guy totally lives off of others. Tough to understand someone of his character getting to the position he is currently amongst his peers.
This is still very preliminary stages of research. I think the eye drops are a breakthrough if it gets through trial phase and that's why I am here for the most part.
There is interesting manipulation on this ticker BOTH ways. The pre-market action is very telling what is going on.
Another week into August now and I would bet a healthy sum we hear nothing again - and if we do it will be some other excuse as to why nothing has happened yet.
So much for the $8.2 million being in escrow ready to be distributed to shareholders LOL! I haven't even heard a word from the TA - has anyone else?
Lol yet there are a few here who keep reminding everyone that these are great people at the helm that are going to do great things. Hilarious how people get duped more than once.
Just an FYI for all. The 31st is in two days. We have yet to hear anything from LAHO/MSSV in regards to the apparent $8.2 million being disbursed to LAHO commons. Credibility dwindles quicker than the price action yikes!
Or could not hit until 3rd Q fins.
I got news for you bud. The LAHO nonsense already dragged their names through the mud whether directly responsible or not. If they don’t make something happen quickly here this will continue dumping to oblivion as credibility is going through the lowest floor in the building,
Let’s use a little logic here and think about what the benefit would be. Sell more shares in MSSV while the market anticipated an unprecedented move where management made an ethical move in order to save face for an incoming acquisition play. They have already gagged the TA. If that is not telling idk what would be. Hide the amount of shares being diluted while they can before the bomb drops and everyone realizes it was a scam.