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I've not looked into the patents just using the info from this board, I'm not a Patent Attorney but I'll try to take a closer look at it. But I think Smartwater has tried this before and failed. If you ask me I think this is more about a law firm encouraging a Company (Smartwater) to peruse an issue to generate legal fees. Just look how they screwed up this Complaint. If they knew what they were doing they would not have made such rookie mistakes. All IMHO.
Thanks WT. No charge, I only ask that when this does come in, you buy me a nice Scotch at our party. But keep in mind my opinion is worth every penny you paid.
WT just saw this. It looks to me that when APDN filed their Motion to Dismiss the Complaint, Smartwater realized they screwed up the so they asked the Judge if they could amend it and the Judge allowed that in part. In otherwords Smartwater gets a partial do over. The numbers like "650, '152, are simply the last digits of the patent that Smartwarter is claiming was infringed upon. The part that says "indirectly infringed claim 10" is the claim number in the Complaint. In otherwords, a Complaint alleges an infringement, and numbers them, one through whatever, so it looks like there are at least 10 claims of infringement.
Mcs. I had the same thing happen to me last year. Had a seizure in October and had surgery to remove a large tumor from my right temporal lobe. Didn't get it all and told me it was cancer. On the bright side, despite what some of my friends think, I have medical proof that I have at least half a brain. At least what they left of it. My prayers are with you.
Good point. They could make up something else like they have in the past.
Have you seen the latest promo? It is almost word for word of the last one or two.
How can they claim it is a "super low float?
You are right, our great,leader does spend a lot of time on this board or at least he did. Just go back and look at my prior posts, and emails from him that I posted.
This is more of the same B.S. He was suppose to have secured $5 million several months back, except this time he is diluting the shares even more. There are already 190 million plus O/S and this guy wants to put more out there "to raise a significant amount of capital to fast track the growth of the company." Drilling was suppose to have started by August, where is the PR about that? Fast Track? More like a slow train to nowhere.
King good to see you are still with us. Or should I say I'm sorry you're still with us. Where is the PR about drilling has started? It's 2-4 months late.
Lockheed is a great company, has produced some of the best military equipment in the world. I have a high school friend that works for them in Atlanta. She is an engineer, use to work on escape hatch for F-16's working on other stuff now I'm sure.
I got to see the HIMARS in action after my brother and his team trained a unit at FT. Bragg and they had a demo for family and the Brass.
My brother, who is my twin, put his 20 in the Army and has been with Lockheed for about that now. Ticks me off, because soon he will be drawing 2 pensions and I'll still be working my butt off just to pay off my student loans. Should have stayed in for my 20, but at 18 20 years seems like a lifetime. Did time in the Reserves for a while but got out after my time in the first gulf war.
This is the same crap they put out several months ago. Drilling was suppose to have started by August and nothing has happened. That is one reason this news has brought the pps down.
Mcs great info and I love your commentary. You should go on the road with that. By the way my brother works for LMT out of Dallas. He is a configuration analyst for missiles and fire control and an instructor for the M270A1 and the HIMARS. Was suppose to go to England but govt shutdown has out a hold on that.
I'm not a Patent attorney, (those jokers make a heck of a lot more money than I do), but my best somewhat educated guess is what most of you already know from WT's post. It looks like the patents would be good for 20 years from date of application. Keep in mind that Patent law has their own set of rules and definitions, but after that you could possible start seeing "generic" stuff. That would seem to make sense to me, but when it comes to the law, what makes sense isn't always so. Sorry I couldn't be more helpful
Just saw this. Late night. I'll look at tomorrow and let you know if I can help out.
Agree. I wrote our most gracious CEO Sept. 19th. My email and his response is below. I guess this will piss him off also.
Is there any information regarding when drilling will begin? I was under the impression that drilling was to begin in August. Thank you for your time.
Jerry D. Jordan
In a message dated 9/19/2013 3:43:04 P.M. Eastern Daylight Time, erik@kabeexploration.com writes:
We will announce all news to the market in due time.
Erik Ulsteen Chairman & CEO
Kabe Exploration, Inc
3525 Del Mar Heights Road Suite 357
San Diego, CA 92130
USA
Mobile + 1 858 699 1359
Mobile + 47 474 51 337
Fax +1 8585230943
erik@kabeexploration.com
Skype id: epserik
I wrote this back and have not received a response yet.
The last information was that drilling was to begin in August. Why was that changed?
Jerry D. Jordan
That's true. It's been a while since the last one.
Hope so. What makes you say that?
Love the analogy. (Great movie) It worked for Ray hope it works for us.
Hasn't helped the pps. That is the change I'm looking for.
Thank you McS for your service my brother in Arms and your son also. I agree with you about the DLA. I just think others want to do their on DD before they come along. I think they have had plenty of time to do that but one branch may be waiting for the other to act before they all get on board. My guess is not all of the Joint Chiefs are convinced or have been educated on this yet. And probably the Sec. of Defense.
From my own military experience no other branch wants to admit that the Navy came up with a great solution until they have thoroughly vetted it themselves. It's sounds stupid I know, but trust me that's how it works. The grunts (Army) and the space cadets ( Air Force) don't want to let the Navy (swabbies) get the credit. By the way being a former grunt myself I mean no offense to the Air Force or the Navy. Couldn't do the job without you.
Right now it looks like the only drilling going on is in our pockets. If they had the leases they claim to have then it should be worth something. That is if the claims about millions of barrels of oil reserves was also true.
Happy to be of service to you and all on this board. I hate arrogrant people that think they are better than anyone else. My opinion Uslteen is one of those folks. I wonder if the SEC is looking into this guy? One of his "partners" is already in trouble with the SEC for a second time. Just more to think about.
Let me know how your calls go.
My last reponse just minutes ago. Interpret all of this however you wish. Something to think about for sure.
I'm very aware of how the market functions. I never said you took my money. The "you" I referred too was a euphemism. I know you cannot sell shares, but you are in a position to profit no matter what happens to shareholders. Perhaps you lack the ability to understand when someone is accusing you of running a sham company, but I think you're smarter than that.
I don't understand your objection to me posting the information you provided. I would have thought you would want that information available to anyone who wanted to invest in your company. You were not providing inside information. You were only giving me information that was public and I was only passing it along to investors in the hope that they may invest further. That is why you gave me the information wasn't it?
Keep listening to your Attorneys and be careful how you construct your responses to me. Being an Attorney myself that would be my advice if I represented you. By the way I will be posting your comments to me, despite your misguided objections.
Please send me the contact information for the Company's attorneys. I would be happy if they could "set me straight."
Jerry D. Jordan
His response
I resent your comments. I did not TAKE your money. You lack basic understanding of how the stock market functions if that is what you think. I am an affiliate and cannot sell shares. the Company did not sell shares to you. You bought them from someone in the market. If you do not understand this basic principle then stay away from the market and go play at the beach.
I refuse to answer you due to the fact that you post everything on a chat site. I explained this to you as well. Again you don´t seem to understand simple things.
I will be happy to refer you to the Company´s attorneys if you think this is a scam and they can set you straight
I take it by your lack of a response to my last email that this is a scam and not a legitimate company trying to live up to the claims that have been made and only exists to fill the pockets of a few insiders. I want to congratulate you on being able to separate me from my money. That is not an easy task, as I always am very vigilant about where I invest. You have done an excellent job of scamming me and a lot of others.
Jerry D. Jordan
And the latest.
I don't understand your concern with posting your responses. I am only trying to inform other investors about the Company. As I remember, drilling was to have started already. I'm beginning to wonder if this company is legitimate or a scam. What is the problem?
Thank you .
Jerry D. Jordan
His response
Sorry I can not respond. My responses gets posted by you online the minute I reply.
look for press releases and updates on our website.
Erik Ulsteen Chairman & CEO
Kabe Exploration, Inc
3525 Del Mar Heights Road Suite 357
San Diego, CA 92130
USA
Mobile + 1 858 699 1359
Mobile + 47 474 51 337
Fax +1 8585230943
erik@kabeexploration.com
Skype id: epserik
For some reason I cannot locate the previous email. Could you please resend or let me know what is happening.
Thank you.
Jerry D. Jordan
Mr. Ulsteen:
I was wondering if there has been any progress in drilling. I understood that the drilling was to have begun by now. I was also curious about the 10-Q report, it does not so any information regarding the Leases we have discussed before. Could you please shed some light on these matters.
Thank you.
Jerry D. Jordan
I have been having a nice back and forth with the CEO. I will post my email and his response. Perhaps you will find it as amusing as I have.
Mr. Ulsteen:
I was wondering if there has been any progress in drilling. I understood that the drilling was to have begun by now. I was also curious about the 10-Q report, it does not so any information regarding the Leases we have discussed before. Could you please shed some light on these matters.
Thank you.
Jerry D. Jordan
King you will like this. I emailed Ulsteen and asked him about the 10-Q and no mention of the leases. Also asked him about the drill date. He told me to refer to his prior email. When I wrote back that I could not locate it he told me that he could not respond because when he did I posted his response the minute he responded. I sent another email and said I was only trying to inform other investors and didn't see any harm. Then I said I was wondering if this was a legite company or a scam. I knew that the "company" monitored the board, but I sure didn't think there would be any problems posting the info he provided. Makes you wonder doesn't.
I have read through the 10-Q and noticed there was nothing regarding the leases. And where are all the millions that was supposedly obtained for operating expenses? Cash on hand is only $299,980 and no cash equivalents. I did see there was a "Loss on abandonment of Mineral Leases" of $5000.00. I wonder what that is about? There was also a statement that "Management is actively pursuing additional funding by raising capital and potential merger or acquisition candidates to redirect the structure and management to new profitable activities." That doesn't sound to me like they are trying to drill, only sell out.
I have been away for a couple of weeks for some much needed R&R. I watched as the PPS went into the crapper. I believe that drilling was suppose to have started by now. Any news on that?
Not only the stock but the whole damn company
King I have to say that I am very confussed by all of the action or should I say inaction from a company that is suppose to be pumping oil and not the stock price. A 35.5% drop on volume that is 16 million over the 10 day avg. is unbelievable. I wish I would have been at my computer today to get out either with a minimum loss or at break even. Any thoughts on what the hell is going on, except for the fact that the shareholders are getting screwed, at least those not in the know.
Unfortunately you nailed this one. I wonder if the SEC will be filing another complaint regarding KABX?
I have been away for a few days. Actually I'm just starting to recover from the whiplash I have. I have read all the prior posts for the last 2 days. I think we all agree and there is little doubt that we are being manipulated. The real question is not so much who but how many. I don't think it's a conspiracy or coordinated effort, but I believe there is more than one player. I'm still long, but I have to be careful not to lose my breakfast, or lunch or dinner. I think the next qtrly report will tell us a lot, and prehaps determine the future of many shareholders.
Been away from the board for a few days. Were you as shocked as I was that the tender wasn't recommend to shareholders (with scarcasim).
Went pretty much as you and I talked about. For those not fimilar with that, just go back a little and see my post where I copied an email from Ulsteen.
Nice fine Wishful. What do you make of it? More promo or genuine interest?