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no disagreement here.
I'm just saying that something is better than nothing.
Looking forward to learning more!
It's nothing insane....I'm not trying to overstate it.
But the accusations leveled here are that all of these projects are just fluff. The fact that Nick has a parter flying over the land means it's beyond the 'fluff' stage.
I'm not saying it's the end of the road, but this thing in AUS was just announced recently. Nice to know progress is being made, and nice to know that we (or partners) have the $$$ to be flying and reviewing intended sites.
Again... not saying that we should double off that photo or anything.. just that it seemed positive to me, and I'd expect up rather than down to result.
Interesting, I would have figured the opposite given the recent tweet. I put more into that than most folks I guess.
All noise at this point. Either something happens or it doesn't. I have the patience to wait it out. We shall see.
Ahhh... should've known. Or remembered. :)
Hopefully it all gets resolved soon!
someone unloaded a million shares for about $20,000.
Just another reason to hold IMO. Until something big happens, there's not enough demand to sell into even if one wants to.
If he has a problem giving her $5mil then that doesn't bode well for how the rest of this is going to go.
Actually, I believe it would be about $5,250,000 at this point because of interest.
I think everyone involved is probably ready to get their hands on $$... so whatever happens, I'd hope it would go quickly?
Not a great sign if Dierdre is filing a complaint (?) It means she hasn't gotten her $5million, or perhaps it means that she's trying to get more.
Between us and Dierdre, Billy is not going to get as rich off of this as he might have once thought.
We agree with Dierdre on a few positions... the Bentham loans.. She might think they were unauthorized, we might think they were illegal... either way... neither of us like them.
I know we're not completely on the same side, but she owns a ton of shares... Hopefully somewhere along the line she'll see value out of those.. which would help us.
are you serious? I think it's pretty material that a partner is out there flying over the land. THis tells us a lot about how far along they are, how serious partners are, etc.
I'm not saying you have to agree with how positively I see this... but I believe the idea of ignoring this altogether seems sub-optimal.
I don't think anything is brewing, I just think we were oversold. Volume is super low.. if someone really knew something, it would be a lot higher and so would price.
This gain on this volume just means that everyone who wanted to sell already did. No sellers, a trickle of buyers, price will go up a bit.
When something 'brews' you'll know it, and we'll see moves much greater than 10% in my opinion.
Exciting to see the gains today. I agree that it's difficult to understand any sales at this level.
Uplisting is certainly on the table and requirements should be met....I don't see us going below a penny any time soon. If we do, I'll load up, so it's a win either way.
Glad I got a stimulus direct deposit the other day and was able to add 75,000 shares before all this started. Hope everyone else is set too.
God Bless and Good luck!
Glad to hear it sir!
I am emotionally invested in your success. You are a good guy and your stuff here is appreciated. Glad things are going well and can't wait to see what's to come.
People who got news of mr early and shorted will be dissappointed. It's not going to 0 on that news... Never was. Take your gains and be happy you got out in the green in my opinion.
Nick is not going to roll over. We're getting this done.
I guess that shows how reliable Dierdre's info was, then... In the TRO she referenced a Billion shares.. Or rather, stated that her 44m equated to roughly 4.5%.
Perhaps other things in there are just as 'off'. Who knows?
Nothing I want to rely on chance for either way.
I'd prefer it stay low. Let shorts short as much as they want now. If and when good news hits.. The price will run regardless of what you or I do.
As long as shares are available to borrow and as long as they're willing to pay the interest... no requirement to cover.
Not sure how this equates... Looks like you got about 60% of what the value should have been. If you are talking about less than 10 cents a share, you are talking about FAR less than 60% of what we should get.
There are many unknowns here... What is the true share count? Are there preferreds? Is Dierdre correct that Bentham loan was used for personal expenses, etc.. but mostly.. What was the settlement amount.
It will be nice to get something back, but at this point.. without knowing all the details... Under $0.10 I would not consider a win for us.
Given that even the lowest WAG exceeded that.. I don't think too many others would either...
Nothing to sue West Warwick for as far as I know. This was all RI-DEM.
Nick had some pretty solid replies on Twitter today. A big one is that EPA isn't required.
I'll confess.. I wasn't always a huge fan of him responding to stuff on here, but I've reversed it. If there is a lot of misinformation going around and that controls the narrative... why not step in and correct it?
I am glad to hear that EPA is not required and that it likely won't be a years-long process.
Come to think of it, it's kind of nice that NIck is sticking up for shareholders and working to protect our value.
So.. Nick.. glad you're around, and appreciate the information. Let's get this done!!
Different issues. TRO was dismissed because it was not 'ripe'.
Anyway, I am simply referencing the allegations within, which have nothing to do with why it was dismissed. Just because she didn't have standing does not make her allegations any more or less true than had it been granted.
I have no idea what other shareholders or their shareholders attorneys are up to. If it's important to file this, then I'd guess someone would file it.
I don't care if Billy is criminally prosecuted. I simply care that if he is trying to do the illegal things that Dierdre was alleging... that those not succeed. Hopefully letters to judges, inventors, etc. will bring that all to light.
I'd guess if they file, they'd do it close to the 30 day time limit. I don't understand why legal stuff is this way, but it just is.
I agree that it would be nice to see that report.
they may not if it's part of legal proceedings. It was clear to me that it was good based on what they posted. If it wasn't... then we'd probably have some legal proceeding options of our own as shareholders.
The positive result on this is one of the things that kept me around. Hindsight is 20/20. Hopefully better days ahead...
great points... and probably stuff we can use for the appeal.
It was wrong.. pols bowed to pressure knowing that they would not experience any blowback. THey washed their hands of it and didn't want to mess with it. I get it, but that doesn't make it right.
The worst part of it is, we may not even win the case.. The saving grace is we have lawyers on our side.
We'll see
Nothing I can see wrong here, I'd only state that everyone in Dierdre's TRO is 'alleged' at this point. If what she says is true... yeah, it looks very shady.
Even aside from what she posted... there are still some things going on that don't seem... above board....
but yeah.. if everything she alleges is correct, that looks illegal to me.
I'm not sure why you're explaining this to me. I already know what "greater of" means. I also know what "as much as 5 times" means.
I was citing that part on page 38, where she says "Bentham is now entitled to recover as much as five times the amount it loaned Chanbond".
If the settlement is greater than $100m, then it is mathematically impossible for Both of the statements
"greater of $25% or 5x amount lent"
"as much as 5 times"
to be true.
Now I don't know if Dierdre made the statements not expecting a settlement of over $100m ( in which case both could be true) or if there was a misstatement here. Either way... it's worth digging into.
I could ask you the same thing.
I wasn't a huge fan of those tweets about RI and already stated it here.
So do you have a target to cover, or are you truly convicted about the $0.00 and planning on holding until we get to $0?
This has shown that it can pop on news... Anything could happen with UL, for instance. Good luck though.
It may be a case of just throwing a bunch of spaghetti on the wall and seeing which noodles stick... or whatever that expression is..
A lot of the allegations were based on heresay... She even said that... so I don't know that she perjured herself.. I think she just might not have known.
I guess in her mind.. whatever the agreement with Bentham was it was illegal, so the details shouldn't matter all that much.
Either way.. the takeaway for shareholders is that people closer to the situation than us don't trust each other.. and maybe that should tell us something. We shall see...
Indeed.
She says "Greater of 25% or 5x amount lent"... but she also said "up to 5x". Hard to know which is accurate, but both can NOT be accurate if the settlement is over $100m ( after which 25% would exceed 5x whatever was lent). I think we all believe the total will be well over $100m
I believe she was coming at it from a place of not believing we'd get very much... or perhaps she thought we would, but just wanted to address the worst case scenario.
Either way... it's hard for me to see people saying we should just sit back and trust the process when we've got her TRO filing. I don't know if she's right, wrong, or crazy... but whatever the case... If she didn't sit back, neither should we.
Well best of luck on your short then, and congrats on the gains so far. It's all a guess at this point. Nick has a bunch of irons in the fire.. maybe they're hot, maybe they're ice cold.
I'm holding out for a great result. time will tell.....
Good afternoon everyone! Was looking over the TRO again and just wanted to highlight a couple of specific points. The big thing, which stands out to me in bold below, is that Bentham is capped at 5x of what they lent, at least according to Dierdre. I knew I had read that somewhere! Of course, if Billy used that for personal expenses, then even that appears to be too much.. but the point is that they may be possibly be capped. Elsewhere it seems they wouldn't be.. so that's confusing and why we shouldn't just sit back and let others determine our fate. Anyway, I know some people haven't been here in a while. I'd encourage you to take a look at the TRO if you haven't. Here are a couple of quick highlights.
Page 26--- Dierdre alleges Bentham loan was not authorized.. especially because Billy (she alleges) used it for personal expenses.
Page 35--- Dierdre alleges that there are roughly 1billion shares, of which she owns 4.5%
Page 35--- (and numerous other places) Dierdre confirms that UOIP owns the patents "Unified's only asset is its 100% ownership of ChanBond."
Page 35--- Deirdre indirectly confirms that the $5million purchase price owed to Chanbond could be paid after settlement "Unified's ability to pay the $5,000,000 purchase price, and the value of Ms. Leane's interest in Unified, depended on Unified profiting from the ChanBond Patents"
Page 36--- Per Dierdre, after lawyers et all are paid, the max we're hoping for here is 1/4 of recovery "Unified's potential interest
in any recovery on the ChanBond Patents was limited to a maximum of 24% of any recovery"
Page 38---Dierdre alleges that Bentham is capped. (If true this is great) "Bentham is now entitled to recover
as much as five-times the amount it loaned ChanBond, which payment, depending on the size of
the recovery, might exceed 25% of the proceeds."
Page 38--- Dierdre alleges that UOIP portion is 9.8% of the proceeds in the 'low' scenario.. although she had stated elsewhere that if the global settlement was $50m, shareholders would get nothing.
Again.. lots of confusion and in some cases contradictory stuff. Dierdre took the time to get help and file this 150 page TRO, and it makes sense for shareholders to do the same.
I have no problem with it.
If there is no follow-up though, I will. Gave the benefit of the doubt on the missed q2 meeting, and even denial of RI medrecycler.
We need to hear something solid within a couple of weeks or my opinion will definitely change.
That said, we know they've applied elsewhere and had stuff in process. Lets hope it all moves fast!
Fair points.... though it did generate interest on Twitter. Lots of guesses... so I guess it's a good thing to generate hype and recognition and all that.
I agree that we are owed a conference call.... soon.
Even those who are most optimistic know the amount of money involved.
We're talking about 100's of millions of dollars here... Why wouldn't one want to get legal help to ensure that it all goes smoothly?
Even in the most cordial of business relationships.. (mergers let's say) there are TONS of lawyers involved. Tons!
Even for those who 100% trust Billy. Do you trust Bentham? Do you trust the lawyers? Do you trust Dierdre? Etc. Hard to say since we don't interact directly with any of those folks. I hope they're trustworthy, or at least I hope they find it beneficial to act justly... but it's certainly not something I want to leave to chance.
In short, even if one 100% trusts Billy... that doesn't mean we should just sit back and let things happen. It's still appropriate and reasonable to be proactive to ensure we get our share.... just as everyone else is doing.
Good luck to us all!
Perhaps someone else responded, but we know from the TRO that they are allg getting 20-30% before we ever get a penny.
I'm glad you got in at such a good price.. Many of us didnt, hence the greater concern.
Did you read the TRO? No one was speculating about that kind of stuff until we saw it in writing.
Inventors don't have the same shares we do. THey have some % of the settlement separate and apart from any shares they own. So do the lawyers, so does Bentham.. and apparently... so does Billy.
There are multiple stakeholders in this. Lawyers, inventors, shareholders.
They are all getting 'paid' by the 13 that settled.
It's not like the inventors are going to get money and think it was paid by Billy, nor are the lawyers going to see it that way.
Did you get a sense of what the amount would be or when? If he was able to tell you, it seems that there is nothing that couldn't be shared here, correct?
I find it interesting that he doesn't feel the need to update shareholders, yet the loan from Bentham reduced our stake. On what authority did he do this if not as a respresentative of the company that owns the patents we settled over?
WHo were the loans cleared with, whose stake was reduced, and who benefited?
I do find it interesting that the loan amount matched what was owed to Dierdre.
A lot that BIlly could easily clear up.. but last I heard, he was no longer going to communicate to shareholders. Interesting that this apparently changed.
Nice post sir.
They shouldn't have issued intent to approve then.
Why not just get them to find a pay for a new location for us? Surely there is somewhere that is at least 2000 ft from a school or waterway or whatever.
Issue here is.. It isn't entirely up to Nick.
As I know you all recall... medrecycler is owned about 50% by SNPW. Lawyers own a lot of it for their services, and a group that funded us owns part of the rest. Nick is going to go along with whatever they want. You can be sure those lawyers are going to want their $$$.
That's why the tweet was so encouraging.. Nick is going to move on and let the legal folks take care of it. Best of both worlds. He's not going to have to put his time into dealing with this because others are invested also.
I really wish he wouldn't talk bad on R.I. though. No need to burn bridges... just let the lawyers get us through this process.