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We need to know more about the “deal”.
Stock price needs to move. Where are the buyers?
Apple Withdraws from Lawsuit
"According to Florian Mueller at Foss Patents, the decision to withdraw could suggest that a settlement was reached at some point."
https://macdailynews.com/2021/06/30/apple-withdraws-from-antitrust-lawsuit-vs-fortress-investment-group/
Anybody else see this?
September 28 is when the new rules take effect. Probably no impact until then.
This was a win for INVT. Not sure how much more litigation until we get the big judgement. I am long.
Up to 5 cents today on higher than average volume. Nice!! Keep going !!
Do you think Kanning knows something we don’t?
My opinion is that because Apple was paying Panasonic for the same licenses that INVT is holding that at one time Apple even agreed that they were valid. The patents cover the core of 3g and I think 4g lte. I believe the original judge waited on the results from the government case. It became political and INVT had no chance of winning. Some of the political bias has been stricken down by other judges. Apple even counter sued to stop this case and their counter suit was dismissed. The original case is still going and was delayed by COVID. The possible recovery is licenses for every IPhone produced in the past 8 years. This could be a very large number and willful patent infringement is awarded triple the damages. I believe all of the costs of Fortress will be paid as court costs in addition to the award. I am long and holding until the end. It is Apple’s MO to extend lawsuits until the company suing is bankrupt. Fortress has very deep pockets.
The lawsuits are not over yet. I am sure the tax bill will be paid from the massive proceeds. No worries.
I like the buying, but what is the reason?
$1 per iPhone produced for the past 7 years would be a reasonable settlement.
Moving? Someone paid $370 for a net of 11,000 shares. Not big volume.
Moving is millions of shares and the price rises to the hundreds of dollars.
Maybe they only need the ruling about the proof of damages for the civil case?
The judge thinks there is a possibility that her technical review of the case might be overturned upon review.
When is this review?
I read that she thinks neither side proved their case. That’s pretty strange. How can the patents not be a part of 3G?
The case started in 2018.
Read this: http://www.itcblog.com/images/invtcomplaintpart1.pdf
Same link has part2 (change the 1 to 2)
Invt is in the last few months of a patent infringement lawsuit against Apple and a few others. The ITC is scheduled to rule on this case mid April. I do not know exactly when this stock will wake up and start moving related to that big case. I suspect that April will see some large moves in the stock price.
Apple Ordered to Pay Caltech $838 Million for Infringing on WiFi Patents
from Macrumors.com about half way down the page.
Not INVT, but it is interesting how they are responding to this.
Very nice post!!!
I am long, too!!
I do not have access to the law360 article you posted a link for.
Can you summarize it for me?
It is a very smart decision to not have all of your eggs in 1 basket.
Maybe Mr. Beyers needed a place to put all of his money when he wins the INVT case?
I think the silence is due to the ITC case and the civil case being sealed.
The Pink Sheets do not have any filing requirements other than what companies volunteer.
When INVT/Fortress wins we should see the SEC filings start to flow again. Beyers will want to get back to the NASDAQ asap to be exposed to as many stock speculators as possible.
It looks like Silicone Turbine is not a public company - no filings on Edgar.
Pretty good GREEN volume today.
Is there any news I have missed?
The OTC schedule was posted on this board last year. The timeline I mentioned is the OTC schedule + the 3 week Govt shutdown delay taken by the ITC (all information from public records).
I am hoping for an INVT win in a big way. Near this date we should know the results of the ITC patent infringement case. If INVT wins, they are asking for an injunction to stop all Iphone imports and sales in the US. This will force Apple to come to the table, pay back License fees(6 or 7 years of Iphone sales worlwide), and negotiate future license fees. Since Apple used to pay the License fees to Panasonic, this lawsuit is willful patent infringement which carries Triple the damages. I also hope all of the cost of Softbank/Fortress will be considered recoverable court costs as well.
I am long.
If INVT wins the ITC case they are asking for an import ban and a sales ban on all IPhones in the US. It should force Apple to negotiate the civil case faster and to properly license the intellectual property.
I expect it will also set a precedence for many more lawsuits with other cell phone companies around the world. Much more $$ are out there.
Time for us to be going up!!
Nothing but positive information. Analysts are agreeing “Buy”. High earnings projections. 12 month price target $48.
Anybody else out there?
Those are public hearings that are part of the normal procedures of the ITC to obtain additional public information. They probably will not disclose any information about the case if you were able to attend.
The QCOM case is not our case, but it does show us what can happen.
I have Apple on my radar for any news also.
Thanks for sharing.
Beyers can not tell us anything about the case. The case was sealed very early. We should know a lot after the case is over. Sometimes the settlement can also be sealed in which case we might not know all the numbers if it settles. I am hoping for no settlement, but an award of damages and an order for Apple to sign a new license at a high price.
Gone,
Can you supply a link about the McNamara ruling?
Can you provide the link about the Jan 8 meeting?
Any movement is good for us.
It was my understanding that the ruling of the ITC was going to control the outcome of the civil case. Is McNamara the ITC judge or the civil judge?
The preliminary ITC results were not supposed to be public. The final ITC ruling is in April.
The original ITC schedule said the decision would be in March of this year.
Then during the Govt shutdown they delayed the final decision 3 weeks.
I think there will be some kind of news about April 15 or so.
This doesn't mean everything will be over, just that the civil case goes to the step where the $$ are calculated and awarded.
Remember willful patent infringement gets triple the damages. INVT is due 6 or 7 years of back licensing payments and a new license going forward from Apple and the other guys. (many millions of Iphones were sold during this past time frame)
Happy New Year!!
Only a few more months until we find out about the ITC case.
I am long.
It seems funny to me that the schedule for the ITC’s preliminary result is about the same as the new lawsuit I mentioned a few posts back.
I think Apple knows right now that they lost the case.
Exactly what I was thinking.
Who owns the patents?
INVT owns the patents and they are legitimate. Apple is whining.
Apple will be paying money to INVT/Softbank/Fortress when the lawsuit is over next year.
I only hope any appeal is not allowed because the ITC is making the decision.
I don't think Intel is part of the current lawsuit.
I think worry was the right word.
I think Apple is getting worried...
From Macrumors.com about halfway down the page....
"Apple and Intel Sue Softbank-Owned Firm Over 'Endless, Meritless' Patent Lawsuits"
US District Court of Northern California Case# 19-7651 Filed 11/20/2019.
"The complaint alleges that non-practicing patent assertion entities like Fortress aggressively pursue patent litigation against large companies like Apple and Intel, knowing that even if they lose several cases, they could eventually win a case with a large monetary reward that exceeds their losses."
Notice the words "large monetary reward"!!!
I don't know what required vote or documents you are referring to.
According to SEC Edgar the NASDAQ Delisting notification was
dated 10-6-2017. The original notice was appealed and at some time in 2018 the appeal was dropped and the company was transferred from the NASDAQ to the OTC Pink Sheets. They were behind on their SEC filings when the move to the Pink Sheets occurred. After the move to the Pink Sheets they no longer owe you or the SEC any documents or filings. Probably a good move since the CFO left the company on 5-4-2018. Beyers assumed the role of interim CFO on 5-9-2018.
REPEAT.... there are no SEC filing requirements as they are now trading on the Pink Sheets.
I believe that when the Apple lawsuit is over that Beyers will be moving the company back to the NASDAQ to be exposed to more possible stock buyers. I know that many people/companies avoid OTC stocks in general.
Our best move forward now is to wait for the conclusion of the ITC case and the attached Civil Case. We should know something 1st quarter 2020.
Again, I am Long.
I am not an SEC attorney, but it took me 5 seconds to confirm my statement on the internet.
From: https://www.otcmarkets.com/learn/reporting-standards
A Company's Obligations on the OTCQX, OTCQB and Pink Markets
Financial Reporting - Many companies are not subject to SEC registration requirements, and therefore, do not make regular filings of financial information and other corporate events with the SEC. Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure. For a detailed explanation of SEC registration and reporting requirements and the exemptions available from those requirements, please see the SEC's Small Business Question and Answer Page.
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA's Operations Department at 866-776-0800
If you are still holding then you are either a gambler/speculator or a bag holder.
There is no obligation for the company to tell us anything as they are listed on the OTC.
The stock is still trading - I see shares sold or bought every trading day.
I have never thought this business model was anything I would do personally, but it does not stop me from gambling on their success.
I do believe in the fundamental protection of intellectual property and I believe that Apple thought they could stop paying when Panasonic sold the patents. I think they cannot stop paying until the patent expires!
We will see the results soon.
When the stock starts moving it may move very fast and maybe as a group we could make better decisions about when to sell.
Again, I am long.
Intellectual Property protection is the only way for a company to "Own" a technology. Otherwise, you could buy 1 of their devices and freely copy the design and functionality.
Patents are given a very thorough investigation before the patent is awarded.
My thinking is that the legal team that withdrew the infringement case doesn't have the technical knowledge to defend the patent. They will sue again after coming up with a defense to the objections if the case has any value.
It is very expensive to chase the patent offenders. Both sides must have deep pockets to stay in the game.
Our ITC case has some teeth. The patents are the basic design of how 3G works. It is applicable to every phone that still uses 3G worldwide. It only makes sense to sue where you can receive the most money first to set a precedence. Apple was a good choice and will lose the case (my prediction). They were even paying the license fees to Panasonic at one time for these same patents. Involving the ITC was a good tactic as Apple cannot appeal their decision and will need to pay up or buy out INVT. We will know something 1st Quarter 2020.
Mostly my opinion.....
I am long and am planning to hold for the results next year.
The main one we are interested in is:
337-TA-1138 - INVT SPE LLC - San Francisco , CA , et al. v. Apple et al.
It is still OPEN.
Preliminary ruling by the ITC should be next month - we probably will not see this.
March or April 2020 is when the ITC ruling will be final and the Civil Case will continue.
I noticed today that parts of inventergy.com are no longer working.
The error I get is "This account has been suspended.".
Is this bad news?