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I haven't kept up with this in a very long time. My shares just sit and wait for something to possibly happen. I see posts about Leane getting something in arbitration, but how are things looking for the shareholders?
Letting the company become delisted warrants not trusting his word. Failing to regularly communicate with shareholders also warrants not trusting him. He has done a lot to create mistrust.
When will we hear the actual $$$ numbers of this settlement?
Thank you, and good luck to you as well. I hope Billy does the right thing without having to be taken to court.
Agreed. There is no way an honest BC would continue to keep us in the dark. A dishonest BC has every reason to avoid us.
I was 100% sure over a year ago. All of BC's actions indicate he had no intention of taking care of the Howe's or the shareholders. I am interested in hearing TonyJoe1957's take on it.
Can you imagine what the PPS would be if this was still active?
I hope Billy does the right thing by all of us who are co-owners of this company with him. There is no reason this should end up being further litigated.
If Billy Carter planned to do right by us, he would have kept everything current and avoided the delisting. It is strangely poetic that his silence has actually said more to us than his mouth ever has. We are completely justified in having doubts about his intentions, and it is imperative that action is taken to secure our part of this before it is too late.
I agree. If Billy Carter had our interests at heart, he would have reached out to us long before now. One does not keep business partners in the dark unless something shady is afoot. We, as shareholders, are his business partners. It's time to start the process of lawyering up. If he decides to make it official and lay out how we are going to share in this proportionate to our level of ownership in the company, action against him can always be halted.
Agreed. Once an agreement is reached, anything from Carter's mouth short of "the settlement will be made on xx/xx/xxxx date and shareholders will receive their portion of the settlement on xx/xx/xxxx date" means legal action is needed.
There is no reason for him to be too busy to address the elephant in the room. He needs to issue a press release that makes his intentions towards shareholders clear. If no communications with us have been made by the time of the settlement, legal remedies must be sought.
What is the Ms. Leane thing? Sorry, I put this one on the backburner long ago and am just now catching up.
I can't help but notice this board made a big improvement on April 2. I'm not sure why that one lost interest, but I might be interested in sticking my head in again. I'm still sitting in the shadows, watching and waiting patiently for our big day :)
I have 100% confidence Billy will treat us fairly.
I'll sell some at .0599 :D
Let's assume Carter attempts some of the dishonesty you propose and tries to steal the equity of minority shareholders. Should that happen, I hope he enjoys an additional lengthy round of litigation. I have already been part of a class action where shareholders won against criminal management. I don't mind doing it again.
GDSI has more than one court case pending at the moment. Many want to talk about the Rontan suit, but few discuss the case brought by shareholders against GDSI.
https://investorshub.advfn.com/secure/post_new.aspx?board_id=21817
You actually believe a majority shareholder can simply steal the equity of all other shareholders any time he pleases? SMH.
You say shareholders have no standing in a settlement, and with that statement you have shown completely how little you understand what holding shares means. We are literally owners of this private entity, the same as Carter. Any settlement is legally ours my the nature of our part ownership of this company. The settlement belongs to the company, and the company belongs to us.
My gut tells me they revoked it after allowing mm's who were short to work out their positions. Those of us who have shares are locked in, and it's a good thing. We now own a private company. Whenever the settlement comes, we will likely receive a dividend or our shares will be bought out by the company and the doors closed.
I consider myself a sophisticated investor, and I am interested in UOIP. I'm sophisticated enough that I never spend my time on a board that isn't making me money. I'm sure you understand. This one has lots of eyes on it. More than you realize.
They remind me of a gorilla slamming us on the floor hoping the shares fall out of our hands. Sorry mm's, we have a vice grip on these shares and won't be letting go of them until after a settlement or trial win. They are going to lose a lot of money on this one and are extremely desperate.
It's not worthless. This happens regularly as mm's pass shares around.
This is what I am thinking, as well. There were no fat finger trades today, only mm's playing around with it.
I don't understand why we haven't had a buyout offer at this point. Any of the 13 or a modem supplier could buy it and then sue the others to recover the purchase price. This is why I prefer going to trial. We get paid and retain the rights.
Chanbond belongs to UOIP. By your logic, Walmart never sees any gain from the profits of Sam's Club. A basic understanding of subsidiaries will assist your understanding of the relationship here.
It was filed a month ago. I didn't see the post until today and wanted to make sure others knew about it. Post is here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147236997
UOIP settlement talks underway according to Pacer filing!
Settlement talks have been verified as being underway. I hope you invested here. There is a lot more to gain from being on this train than from being off of it.
HUGE!!!!!
Since when is demanding compensation for the use of ones invention considered trolling? UOIP (Chanbond) is litigating this with the full support of the inventors. Mega-corporations are not entitled to steal any inventions they darn well please.
No shareholder will be paid before any other shareholder. That would be highly illegal, and this company has a fiduciary duty to each and every shareholder to distribute any settlement equally on a per share basis. Whether that distribution comes in the form of a dividend or in the form of reinvestment in the company is up in the air at this point, although all indicators point to a dividend. When it happens, every share will be an equal winner.
I'm thinking somebody fat-fingered UOIP this morning. An extra zero explains the drop and bounce.
Many "sophisticated investors" have lost their rear ends. I wonder how many "sophisticated investors" lost millions in Sears, GM, etc.?
Awesome. They will forever remember this day!
Somebody is massively accumulating at .012.
I'm just saying I could see it happening. Those who hold tight will be rewarded, but I wouldn't blame the guy for snapping up as big a share as possible.
It wouldn't surprise me if the one buying is Carter. What better way to get as many as possible? Let the company go private while using the fear of lost liquidity shake shares loose on the way out. I wouldn't blame him. It's a smart strategy if that is what we are witnessing.
Wrong. It's part of why I am here. Many of us did our due diligence early on and have stayed for reasons that have been explained countless times.
Smart man. I bet he looked into buying some UOIP shortly afterward.