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Not possible. The cases are Chanbond vs the 13, not whatever new company is formed vs the 13.
Sorry for what? Trading is irrelevant to the story here. Don't let them scare those shares out of your hands. Know what you own!
I've never seen such aggression by the SEC against a ticker that is not diluting or otherwise scamming the public. This is being pushed by someone with an agenda. My advice is get your shares now. If this is pulled, there will be no way to get in. Those holding shares will be the ones rewarded when the judgement comes.
Free to disregard a court order? That's downright laughable! The court should hammer them just to make a point. No one is ever free to disregard a court order.
The term "patent troll" was invented to absolve thieves of their responsibility. If companies are allowed to flip through patented ideas and choose those not actively being used for commercialization, there would be no incentive to invent for those who lack the means to go into production. The courts must protect "patent trolls" who are merely seeking compensation for the use of their patented inventions. The hardware providers had the opportunity to do this the right way by licensing the patents. They chose to steal rather than follow the law.
I'm starting to think their lawyers see the writing on the wall but want to keep this alive for as long as possible in order to milk it.
The only thing they can do is continue the legal proceedings, which they are doing. Patience, grasshopper :)
ABSOLUTE MUST READ STICKY
I am reposting stockfan100's post because a stickie must be made before a post is over 48 hours old. All of the information below was compiled by stockfan100.
RECENT UOIP/CHANBOND WINS and what they mean for us as shareholders.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132282283
Proof UOIP & Chanbond connected
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131893771
Good read on the process.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132253727
A little history
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130077466
More DD on what to expect
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131655295
LINK to the Markman Hearing Win.
www.morrisjames.com/assets/htmldocuments/patent%20blog%20-%20Chanbond%20-%201826.pdf
The judge that is hearing our case already decided in UOIP/Chanbond's favor in the Markman hearing.
Markman hearings are important, since the court determines patent infringement cases by the interpretation of claims.
A Markman hearing may encourage settlement, since the judge's claim construction finding can indicate a likely outcome for the patent infringement case as a whole.
We also have the Patent Board who has decided in our favor for IPR's from CISCO and RPX.
https://archive.is/lhgDu
After these devastating losses the cable companies would be looking for Settlement.
What can we expect in terms of a settlement and royalties ?
5 years of past infringement penalties
13 cable companies being sued
Plus royalties going forward
10 million per year for past infringement is very tiny but let's use that number anyway.
10 mil times 5 years times 13 cable companies
10 * 5 * 13 = 650 million
Plus add royalties
Based on the same tiny value of 10 million per year for 13 cable companies gives you 130 million of revenue per year as royalties.
As you can see the pps can literally jump to dollars.
-----------------------------
Good summary Article about UOIP and ChanBond
http://www.eprfinancialnews.com/2017/06/14/7833-the-story-of-chanbonds-fight-for-its-patent-infringement/
Erich Spangenberg and Billy Carter went against some of the largest media companies like CNN, FOX and won. Just google it you will find many links. Billy Carter is no nonsense guy and when he gets after you be careful. He knows how to get job done.
UOIP/Chanbond is represented by one of the prestigious law firms in Mishcon De Reya and best lawyers in Robert Whitman. It employs more than 600 lawyers. Just google it.
Summary:
----------
The Markman hearing was held and after that there was a stay pending the PTAB decision. Now that we won both IPR's (Cisco & RPX) the new schedule had to be made. We may not even get close to the first date on the schedule before a settlement is reached.
It is painfully obvious the Cable companies case is extremely weak. They will get crucified in court just like they did in the Markman and IPR hearings. Settlement is their only option. It is in their best interest to settle quickly. They have lost leverage and intentionally delaying things will only make Chanbond less agreeable in negotiations.
Summary of IPR's
------------------
there are following three patents:
a) 7,941,822 AKA '822
b) 8,341,679
c) 8,984,565
Following IPRs against Chanbond were filed (and no more IPRs can be filed by anyone since 12 months limit now has passed):
1) RPX's IPR2016-00234 (Claim 1 - 31) against 7,941,822 AKA '822 - Denied on May 25, 2017 !!! Chanbond won IPR !!!
2) Cisco's IPR2016-01744 (Claim 1,2, 5, 6, 19, 20, 23 and 29) against 7,941,822 AKA '822 - Under IPR Review, Ordered on March 3, 2017 !
3) Cisco's IPR2016-01746 (Claim 13 and 14) against 7,941,822 AKA '822 - Denied March 3, 2017 !!! Chanbond won IPR !!!
4) Cisco's IPR2016-01889 against 8,341,679 and 8,984,565 - Denied on March 29, 2017 !!! Chanbond won IPR !!!
5) Cisco's IPR2016-01890 against 8,341,679 and 8,984,565 - Denied on March 29, 2017 !!! Chanbond won IPR !!!
6) Cisco's IPR2016-01891 against 8,341,679 and 8,984,565 - Denied on March 29, 2017 !!! Chanbond won IPR !!!
7) Cisco's IPR2016-01898 against 8,341,679 and 8,984,565 - Denied on March 29, 2017 !!! Chanbond won IPR !!!
8) Cisco's IPR2016-01899 against 8,341,679 and 8,984,565 - Denied on March 29, 2017 !!! Chanbond won IPR !!!
9) Cisco's IPR2016-01900 against 8,341,679 and 8,984,565 - Denied on March 29, 2017 !!! Chanbond won IPR !!!
Ref for #2 above: Cisco's IPR2016-01744 (Claim 1,2, 5, 6, 19, 20, 23 and 29) - Case IPR2016-01744, Patent 7,941,822 B2, Paper No. 10, Entered: March 3, 2017
Ref for above items #3,4,5,6,7,8,9 : http://www.reexamlink.com/2017/04/chanbond-avoids-institution-six-cisco-ipr-petitions/
Ref for #1: RPX's IPR2016-00234 (Claim 1 - 31) against 7,941,822
FINAL WRITTEN DECISION - Case IPR2016-00234, Patent 7,941,822 B2, Paper No. 28, Entered: May 25, 2017
Ref: Cisco's IPR2016-01744 (Claim 1,2, 5, 6, 19, 20, 23 and 29)
https://www.docketalarm.com/cases/PTAB/IPR2016-01744/Inter_Partes_Review_of_U.S._Pat._7941822/
Outstanding stock with massive potential.
Very interesting developments continue to take place here. Thank you for updating us!
I agree about the Arris legal team collecting a paycheck at this point. They will stretch this out as long as they can, knowing it is a lost cause.
They may have removed themselves. There is no way to know for sure.
Boom!
The buyout of Arris by CommScope bodes very well for us. UOIP should see a bounce based on the likely settlement talks that are coming.
Gotta keep the faith.
People have been trying to buy at .02 for weeks. The market makers won't let it happen.
Plenty of grey sheet stocks have been delinquent for years.
Without ARRS being directly named in the lawsuit, I wonder if their merger candidate even knows what is going on here. Perhaps someone should enlighten them and encourage a settlement.
This is GREAT news. They will want to get loose ends tied up. We are one of their loose ends.
We might be the acquisition.
I'm at $2B plus royalties for a settlement. This equates to $1.24/share with royalties moving forward. If it goes to trial, treble damages are likely and the potential for crazy amounts of money comes into play.
Exactly! The Pacer updates have revealed enough to tell us this is near the end. Settlement time.
I think it is safe to assume a settlement is now in the works. The recent Pacer updates and other activities all point to avoiding a trial. The great part of this is that a settlement not only avoids a trial, it also avoids the endless appeals that follow a trial. Settlement = MONEY.
This is looking like it may be ready to jump.
I'm definitely 100% long and strong, and I agree about liquidity working both ways. I can see this running a lot more easily now that it is on the greys. It no longer has a bullseye on its back for those who short stocks.
The old ask was .04, and it hit .01, so it actually saw a 75% drop at one point. Whoever called an 80% drop wasn't all that wrong. However, I think we have seen the worst of it as the most frightened hands should be empty now. Stronger hands are holding for the payoff.
Volume hasn't been sufficient for the covering, imo.
I wonder if Carter is buying today. There is no better time for him to claim a bigger piece of the pie than today.
It looks like we have avoided the massive sub-penny drop that was "predicted" by many. Everyone knows the stakes here, the court case progress, and the potential huge payoff.
Someone just let their go for .0101. Sad. The cases here are proceeding nicely, and the payoff will be so much more than that.
Today, we find out who truly believes. Ownership of these shares is a guaranteed share of any damages and/or buyout money. There is no reason for this to go under .02 unless the non-believers are rattled. Plenty of greys trade over a dime. Being grey does not mean it has to be sub-penny. Don't fall into their trap.
It will hit the greys, and we will all take a significant haircut on our portfolio values. Then, the cases will still be moving forward and value will return. It may not see more than .02 for a long while, although there are stocks on the greys that trade multiples higher than that. Being on the grey sheets is not a complete death sentence, but be prepared for a very disappointing bottom line for awhile.
Letting the suspension happen already made him look bad. This could have been avoided.
Perhaps Carter wants to scoop up a ton of cheapies on the grey sheets.
Exactly! That nonsense has been put to rest. Now, we either get the ship righted with the SEC or go private :)
No doubt someone brought the eyes of the SEC here, but it doesn't really matter. We own part of this company, whether it is public or private.
jbbb said the company did not exist. That is much, much worse than being delinquent. We are merely way behind on filings. Either Carter gets this thing current, or we own shares in a private company. Either way, we still benefit from the patent cases.
This has me wondering if it was Carter's intention all along. Go private and eliminate the hassle of dealing with the SEC. He has nothing to gain from being publicly traded. Everyone already here will still get a piece of the pie.
Here is the contact info I have found:
Billy Carter | President | ipCM, LLC | 2515 McKinney Ave. #1000, Dallas, TX 75201 | Office: (214) 438-0750 | Cell: (336) 480-8418 | Email: billy@ipcmadvisors.com
Either way, we get paid eventually :)