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Alexander Cook has been the President since at least 2006. He signed the 15-12g below. Michael Queen was the President before him. There is no update here. As I said before this ran because a group made a mistake and thought this was a reinstatement. I'm sure there are plenty of people trying to get out.
https://www.otcmarkets.com/filing/html?id=4381437&guid=3CEfUHuCxw35l3h
This is the company
https://www.lorextechnology.com/
Lawsuit against Lorex officially settled on Friday.
Actually, Capital World Investors does Not own PNNX shares. They owned shares back in 2016 but not any longer as per the lists below.
The company was not reinstated. I'm sure it has shown active right along. Just like the many other PA companies I searched that have not had filings for years and still show active.
The volume came in because there was a false rumor of reinstatement. See the document below from the SOS that was ordered yesterday. No reinstatement filing.
https://whalewisdom.com/filer/capital-world-investors
https://www.holdingschannel.com/all/stocks-held-by-capital-world-investors/
Dismissal filed for the Netgear case so the Settlement is now official. Another one for Q3 revenues.
What do you mean timeline 3 weeks? It's just retail selling. The company isn't diluting. The TA updates the share structure twice per week on OTC markets
I think we all feel like that sometimes!
I have no idea why people aren't seeing the value with QPRC. If any other bs ticker had news of a settlement with Huawei it would go crazy. Look at AVOI they have 1 lawsuit that just got delayed for most likely 6 months or more and even then will still be in the early stages and it sits higher than QPRC. They have no track record of wins like QPRC does. It's mind boggling and maddening.
QPRC is doing everything right. Executing their business plans without diluting the hell out of shareholders like most companies do with lawsuits. They are fully SEC reporting so we see the whole picture. Jon Scahill has built the company form 1 patent to 115 patents that are now paying off and he continues to add more. All with non toxic financing.
Depends on the official settlement date but if not by the end of September they could put it in Subsequent events.
MILV very nice to see the AS corrected. It also means the custodian must have already contacted the TA.
I haven't had the chance to go over the Markman order for CXT. I was hoping the company would give a breakdown of it. Maybe they can't.
We do have another settlement though. Semcon vs Kyocera
Exactly, There are several stages of a custodianship. This is the final stage with the merger coming in so if the merger company is good and with this share structure it will be a nice run up. Not a quick pump at all
Great to see you here floridany. Looks like we may need some translating help as things unfold
That’s how I understand it as well. I will do some more research on it
MXMG Looks like this could be the new CEO.
Link to the company he works for: http://www.sgcifinance.com
It has come to my attention that there may be some misunderstanding about a filing yesterday on the Amazon case. There was an order resetting the pretrial conference to 10/15.
This does not mean we wont hear anything until that date. Regardless of any docket dates we could hear about a settlement at anytime.
As an example in the lawsuit against Sharp Corp that just settled the pretrial conference wasn't scheduled until 12/30/19.
In the Amazon case I am most interested in seeing the judges decision on past damages. I'm leaning towards the past damages will not be awarded but regardless that decision from the judge will give both QPRC and Amazon the information they need to be able to talk settlement numbers.
This is all just my opinion. I'm not a lawyer and obviously don't know what is happening behind the scene but I think we can agree that it makes sense.
If anyone ever has questions about a court document please don't hesitate to message me here or on twitter. I will try to answer as best I can.
Great to see QPRC hiring a public relations firm to get the exposure they deserve. They need to do a little better explaining what is happening with QPRC though. Lawsuits settling left and right. Year over year revenue growth etc.
CCLX finally got the issue with Nevada sorted out. Now let's see what they do with it.
That information is in the list. If it says settled and the date is in July, August or September the revenue from the settlement will show on the 3rd Quarter filing. If the date showing SETTLED was before July it was reported in Q1 or Q2.
Important to note that Stayed for settlement means it's still pending so until I put SETTLED it has not been officially settled.
Lots of things happening Q3 for sure
Another settlement for QPRC! Netgear is a big one and Sharp officially settled. 3rd Quarter is going to be a good one. I went through and the only settlement that would have been in the last filing was TIVO and a couple of the partial settlements. Everything else settled 3rd Quarter or is still pending.
I have an updated list coming
Yup same custodian as YBIN (now SNGY) went from .95 to $30. Also, MCTC went from .02 to .19.
BRNE is NOT a custodianship. Court docs for anyone who was lead to believe that rumor. People should have all the facts.
$9 Billion in debt to convert. The hearing on 8/15 was to discuss the progress. The minutes for 8/15 status check are confusing. There is a chance it gets dismissed but there is already a prior judgement of $1.4 million (over $3 million with interest.)
This is the original court doc showing the debt.
This doc is for the 8/15 status check
I went through it. The bigger company settlements were not included in this filing. They were stayed for settlement in June but didn't officially settle in the 2nd quarter. 1 million in revs for the TIVO settlement and a couple partial settlements is pretty good but not what everyone wanted to see.
Next quarter we will have revenue from full settlements of 2 different ASUS lawsuits, Sharp, The container store, Michael Kors, Pier 1 Imports and Lorex. Those should all officially settle before the end of Q3.
Wish I was the shocked one!
That’s exactly what I would like to see. How many companies have they contacted advising they are infringing on the CXT patents. The new lawsuits filed tell us they are definitely contacting companies. Have there been others that have decided to pay the licensing fees to avoid the lawsuit. We saw one last quarter.
“MUST?” Wow that is 100% false and laughable. You may want to do some DD on what a control block is. This is a custodianship. 55 million OS and 980 million AS. Zero reason for a rs. Custodians issue restricted control blocks all the time and use them to transfer control to the new owners.
Seriously? No one knows what, if anything is happening but it's a bit ridiculous to think that negotiations with Telesecurity have been ongoing for 4 years without a word from the company.
" the Company determined to allow the Original Agreement to expire."
The company was not revoked but they were due to be revoked this month. They probably got a notice from Nevada SOS and submitted their annual list to prevent it.
People have been posting that incorrect info about Telesecurity Sciences on twitter. People will find out it's wrong soon enough. They did post an annual list on Nevada after not posting one last year but looks like no change in officers. Not sure what's going on.
Telesecurity Sciences deal is old. It fell through back in 2015.
https://www.otcmarkets.com/filing/html?id=10810722&guid=mVLIUeZPsCuEjth
2 more lawsuits filed against
GNC (General Nutrition Center) and Steve Madden tonight. Add these to the one against Neiman Marcus earlier. Court Docs below.
https://insight.rpxcorp.com/lit/txedce-191355-cxt-systems-v-general-nutrition
https://insight.rpxcorp.com/lit/txedce-191360-cxt-systems-v-steven-madden
I encourage everyone to read the court doc starting at page 5 to realize the significance of the technology behind these patents
https://insight.rpxcorp.com/litigation_documents/2376093