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Great news Striper!
I've been loading up quietly for some time now. Hope this works out for us all!
Did somebody call my name? I'm already on board and waiting on a signal to depart Union Station.
Cho choo all a board Hà ha Good luck Have fun playing
Yeah, I would love to have seen his ruling like weeks ago, but I think part of the holdup may be his case load due to a shortage of judges in the Central District of California where Scarsi resides. Also, Scarsi is the Judge presiding over the Hunter Biden tax case in California. There are 28 authorized judgeships in the Central District of California. As of November 2019, nine of those positions were vacant causing a huge case backlog. Over the course of the next several years six of those vacancies have been filled, but the overhang of the previous backlog has muddled up the system to an extent that the effects are still being felt, in other words the slow wheels of justice turn even slower in the Central District of California. There are still currently three unfilled judgeships in that District. I'm giving Judge Scarsi some slack and believe when he does rule it will be in our favor.
https://lawandcrime.com/high-profile/a-crisis-of-unprecedented-magnitude-chief-judge-warns-of-grave-danger-posed-by-judicial-vacancies/
https://www.nbcnews.com/politics/justice-department/mark-scarsi-hunter-biden-tax-charges-case-rcna128666
https://abcnews.go.com/US/judge-rejects-latest-attempt-hunter-biden-dismiss-tax/story?id=112963074
Here are a couple of articles written by Retired Judge Paul Michel who is one of the preeminent crusaders fighting for reform of our patent system and a level playing field for patent owner rights in America. It's a long but informative read that will help you understand what Netlist, guided by Chuck Hong, has been confronted with as he maneuvers through the legal system.
https://ipwatchdog.com/2023/10/22/thirty-five-years-u-s-ip-system-part-ii-aia-today/id=168542/
https://ipwatchdog.com/2023/10/19/thirty-five-year-perspective-intellectual-property-stand-now/id=168500/
Today is the first time I've seen volume in this ticker in a long while. Looks like 108K changed hands today. I've been holding HDVY for what seems like an eternity. I hope the breath of life is still in her for she's been on her death bed far too long.
Thanks for the article it's a good read and Hong pretty much lays it out in a nutshell. Don't you just love the audacity of Google's response to that article.
“These claims are bogus. We don’t even make the same products as Netlist. Throughout our discussions with them, they have attempted to weaponize the legal system instead of compete on the merits of their products. We have a long-standing commitment to respecting patent rights, and we have robust processes in place to ensure our products are developed independently.”
Google is the most corrupt of all the big tech companies out there and have held sway over many politicians and the PTAB since its inception. Those days will hopefully someday soon come to an end. Google's loss of the recent antitrust case against it pertaining to Google Search will be the first of more to come. As far as the outcome of Netlist v Google we can only hope and pray justice will be served, Google will get it's due, and NLST will get billions.
'Someday.' That’s our motto here! I like 'somewhere over the rainbow' better! Ha ha... Just kidding! Long and strong here! Go NLST!
Crappy market going on since last jobs report. The market is overdue for a much-needed correction. How much will it correct is anybody's guess, but RECAF I must say is showing strength today. We are much undervalued at present stock price in correlation to future potential. The latest interview with RECAF's new President and CEO, Brian Reinsborough is a must listen. Scroll down to see find the interview or watch on Youtube. https://stocktwits.com/symbol/RECAF
Great read Striper! Thanks for sharing. Tom Cotton is one of my Senators here in Arkansas. I'm crafting a letter as we speak. I'm going to thank him for helping to introduce this legislation in the Senate. I will also write Arkansas' other Senator John Boozman along with French Hill, my congressman, to support the House version of this important and necessary legislation. I would advise everyone on this board to do the same with their respective Senators and congressman.
Yeah, Congressman Massie is one of the good guys for sure when it comes to protecting patent rights. He lost his wife a few weeks ago so thoughts and prayers for him. He is on the IP Subcommittee and introduced H.R 5874 back in 2021 which would restore patent rights back to their original protections as they were before the AIA "America Invents Act" was passed by congress. But so far that legislation has languished and hasn't been brought up for a vote. One of the major problems with getting anything done to repair our patent system is Congressman Darrell Issa of California who is the Chair of the IP Subcommittee and one of the sponsors and main drivers of getting the America Invents Act passed back in 2011 which established the PTAB and all of the following carnage caused by it to the patent rights of small mom and pop inventors and small innovative companies like Netlist.
Issa has also introduced legislation since the AIA was passed which again would be detrimental to patent owner protection. Issa himself has 37 patents and became rich using the original US patent system to protect his patents pertaining to anti-theft technology, which he licensed to the auto industry, then after being elected to congress, he has worked to destroy the very system which made him rich. Go figure. Maybe for campaign financing from you know who in California? I'll give you a hint, he is a darling with the Silicon Valley big tech crowd. Here is a good read on what small patent owners are up against and why Thomas Massie's legislation H.R.5874 needs to be reintroduced and passed by congress. Here is a good read explaining what we are up against.
https://ipwatchdog.com/2022/04/13/money-media-votes-passing-hr-5874/id=148330/
WDDD has been OTCQB certified since 2016. What are you referring to?
Oh, so you have that problem too! If you haven't tried Prevagen yet... don't... because it doesn't work! Thanks for all you do for this board Striper.
"before i forget"
Thanks for your input.
What about the 1.2 million shares short? They are going to have to cover at some point before the buyout is consummated. Couldn't we have a short squeeze moving the share price above $1 if enough current shareholders just hold onto their shares?
I don't think the striking down of Chevron by the Supreme Court will affect the PTAB at all. It's going to take Congress to reform or abolish "The America Invents Act" which established the PTAB in order for any meaningful changes to be made. The constitutionality of and particular functions of the PTAB has been litigated before the Supreme Court in three separate cases. Each time patent owners came out lacking any real reform.
https://blog.petrieflom.law.harvard.edu/2021/06/23/ptab-arthrex-scotus-decision/
cadillacdave, I'm not seeing any trades for today. Although you are right it doesn't take much to move WDDD. Can't wait for some good news from Kidron.
Amen gdog! I think our priorities are pretty much aligned.
Either way gdog I'll be here cheering them on! I keep on believing we may be on the cusp of life changing wealth with this one. Although I haven't got mine spent yet I've got some pretty good ideas on where it will all go. Hope and good due diligence springs eternal!
Another good post from the Reddit board. This guy is to some extent in the loop and seems to have intricate knowledge of how the esoteric deal making process of settlements are structured between public tech companies:
When looking at the deal terms and specifics, there’s an endless number of possible combinations, so I’ll provide one of those for ‘illustrative’ purposes. However, the intent here is not to establish what I believe the final/actual numbers would be, rather to simply illustrate the concept. Also, for a deal to take place you need to find overlap where both sides get less than what they expected and both walk away a little unhappy, but overall are better off in the long term had the deal not been done. The same applies to us shareholders in assessing the deal. SK Hynix may have looked underwhelming, but it was a very good strategic play that has helped Netlist in reaching the ultimate destination.
Interest and decision drivers of the two parties are as follows:
· Netlist wants Industry Recognition, non-dilutive funds to finish off Google and Samsung, establish a firm base of recurring revenue that creates market value, and retain control over corporate decision making.
· Micron wants to minimize upfront outlays for past infringement, minimize go-forward royalty payments and secure access to the patent portfolio that would impact their profit margins, and minimize risk should the case go all the way to CAFC and they lose.
Deal Structure: Micron pays Netlist $200M in cash upfront for past infringement and in return gets 20 Million shares of Netlist Stock. Micron pay Netlist $100M in ongoing annual royalties. At a 27X revenue multiple, that values Netlist at $10/share or $2.7B. Immediately following the deal, Micron’s stake is worth $200M (20 Million shares x $10/share) – equivalent to what they paid Netlist in up-front cash. And, Micron has all the upside in share price appreciation once Samsung and Google are finished. Samsung and Google are in a world of hurt, especially if following this negotiated settlement, Vidal decides to overturn or remand the 912 decision to the PTAB and it gets reversed. At that point, the market fully absorbs and recognizes that Netlist recurring revenue streams coming from Samsung and Google, and those $80 to $160/share prices I discussed earlier come to fruition. At $80/share, Micron’s stock is worth $1.6B which covers all their go forward royalty payments, the upfront payment, and then some. Impact to Micron’s profit margins due to the ongoing royalty is minimal. Micron has truly thrown Samsung under the bus. In effect, Samsung will be paying Micron’s way. Netlist achieves all its objectives discussed above and Netlist shareholders achieve the sizable gains as well. Netlist wins, Netlist Shareholders win, Micron wins and Samsung and Google lose bigly.
Again, this is all illustrative.
https://www.reddit.com/r/NLST/comments/1dehw2o/will_micron_throw_samsung_under_the_bus/
Netlist has a full plate right now as far as lawsuits against infringers of their patents due to their limited funds. Some of the companies that are probably on their radar is NVDIA and their suppliers. Wouldn't it be something if NVDIA's new superchip named Blackwell contains NLST's patented technology. The Blackwell chip is supposed to take AI to it's next level. It's pure speculation on my part because I'm no techie, but it wouldn't surprise me at all.
I agree with what you're saying that's why I think Judge Gilstrap should have added serious enhanced damages in the Samsung case. It would have been a shot over their bow and an enormous incentive to bring Samsung and Micron to the negotiation table.
Yes, it absolutely would! We really don't know how all this is going to turn out for Netlist, but we do know how it should turn out. I bought another 1k today at $1.36. It may go lower that's what happened when I bought at $1.60 a few days ago but then again; we may have a June surprise in the works. Hope spring eternal.
wouldnt it actually be nice to know whats going on like we do when these bastards are in court !!!
I logged over 1.5 million miles during my career. Sounds like a lot but pales in comparison to the long-haul truckers.
About 38 years. I went through 5 years of training before I was certified as an engineer. Today Union Pacific can train an engineer in about 24 months because of the advance in technology used in training and operating diesel locomotives. All of the locomotives in UP's road fleet have onboard computer technology that can assist or even run the train. When I went to work for them, we had a six-man crew on each train but now there are only two on most trains, an engineer and a conductor, and on some only the engineer. Today Union Pacific has an engineer training facility in Salt Lake City, Utah and after successfully completing that program they are assigned to an engineer who trains them to operate over wherever their assigned territory may be.
Good post Jetmek! I feel the same way about our situation. I'm waiting to see how far they take us down before I make a decision to buy more.
Yeah gdog, 43 years to be exact. It's kinda still in my blood.
As I said before glad to have you posting on this forum. Even though you aren't a patent lawyer there are times in which we could sure use the expertise of a lawyer to untangle some of the legalese (lawyer speak) of some of a myriad of legal filings that Striper so diligently post.
On an off-topic note, my youngest son attended Arkansas State University in Jonesboro back when they were the Indians instead of the Red Wolves. Seemed like a really nice town. Although I haven't spent much time there, I've been through Jonesboro hundreds if not thousands of times working as an engineer for Union Pacific Railroad. So, if you've ever been blocked at a railroad crossing in Jonesboro it may have been me running that train. Sorry for that!
Wouldn't it be great if out of the blue we would get a PR announcing a settlement with Micron. I know it's doubtful but hope springs eternal! I think we would already have a settlement in hand with them if it wasn't for the games being played at the PTAB.
Thanks for calling them Hogs, Newbie!
Me too Razorback. I wonder if we are neighbors. I live in Benton Arkansas, Hurricane Lake Estates.
Kathi Vidal has gone rogue! I think she is determined to crush small creative patent owners in the U.S., all for the benefit of big tech.
https://ipwatchdog.com/2024/05/29/former-uspto-officials-urge-vidal-immediately-withdraw-nprm-terminal-disclaimers/id=177142/
Thanks for the comment Razorback. It's good to know we now have a lawyer posting. Looks like you may be from Arkansas?
Stokd is right. I've been wanting this to happen for quite some time. We need to become activist investors and put pressure on Chuck to open an investigation into this obvious manipulation. I'm going to send IR an email today!
New article out today about our win against Micron.
https://markets.businessinsider.com/news/stocks/netlist-wins-445-million-in-patent-violation-case-1033428155
Me too. Just bought another 1k. @ 1.60.
You nailed it! Those are my thoughts exactly Jimmy!
"More than likely NetList was one of those Companies targeted and hopes were that the 3 amigos would drain NetList or wear them out. Does not look to be possible now. Chuck knows what he owns."
Yes, naked shorting is legal (allowed by the SEC) by the MM's, but only in order to create an orderly and efficient market. Does anybody think today's market action with NLST is normal or even rational? Anybody who has been invested in Netlist for over 10 years as I have has seen this obvious manipulation too many times to count. What we are seeing on these high-volume days is massive amounts of counterfeit shares inserted into the market through market makers by unscrupulous short sellers and hedge funds. Many of those counterfeit short shares are never covered. People who rely on the FINRA short report are only seeing the legal short share count and fails-to-deliver not the illegal counterfeit shares that have been inserted into the float and are not presently covered and sometimes never covered. Is this being done solely for the purpose of making ill-gotten gains for those committing these crimes or is this being orchestrated by other "powers that be" who would like to see NLST destroyed? I continue to say Chuck Hong needs to hire a team of forensic experts to analyze the trading of NLST over the past several years. There are a few law firms who specialize in investigating and rooting out this type of criminal activity. Sometime when you get the time read the story of Patrick Bryne and his company Overstock.com symbol OSTK before it was bought out. Also here is a good overview of this criminal activity in the following PDF which by-the -way comes from the sec.gov website. It's long but very informing and well worth the reading.
https://www.sec.gov/comments/s7-07-23/s70723-20162302-331156.pdf
That's funny and I love it!
https://sih-st-charts.stocktwits-cdn.com/production/original_574140368.png
Looks like we're going to trade over a million shares today MM's trying to keep it below $2. It's a battle royal!