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It's not too late. Shares trade every day. Just takes a while.
OK.... so who do they sell to?
Question about Fidelity.... If shares aren't allowed to trade there anymore, what happened? Did they force everyone to dump them, or are they just sitting there? I wonder if there was a time frame to get rid of them or transfer out. If someone needs to sell or close their account, I wonder what Fidelity does. Anyone know?
what have you been waiting since 1996 on?
I'm really not trying to push my thing because it has no effect on price, but fnma/fmcc has been 10-11 years and I still hope there's no 'settlement' until a trial win...
I'm newer to this one so it hasn't worn off yet, but even in my long-term one I want a true win on principle. We'll see.....
Aside from the wanting to buy more shares vs. being all set debate, it seems many are leaning towards a settlement vs. a trial win.
Does anyone prefer going to trial and going through it all? It seems most are pretty sure of a win, so what's the rush? I guess at some point it would be nice for shares to trade back on pink at least so people could realize some value if/when they want. Would that make you in less of a rush for resolution?
Someone missed a nice opportunity there. Strange all the folks here buying and no one took you up on it. I think that's a solid choice.... you can always borrow $$ for whatever you needed it for. ??
He's saying he's offering them at $0.06... You selling there wouldn't have been affected at all by his ask, nor would it have affected his ask.
Since 'sointrigued' is offering 6 times that many shares at a quarter of the price, I doubt there will be too many takers of 100,000 shares at $0.06. In a few years, I'll probably look back and wish I had though!:).
Exactly right.
I'll note that the way they get filled is tricky too. For example, I had a bid around .011 for about 50,000 shares. There was a (very rare) sale at Schwab today and 20,000 of mine got filled at $0.010. While it was nice to get a few, I would have much rather paid a little more and gotten the rest of what sold at a lower price that I had bid. Whoever sold just did a market sell I guess. I think the way these orders fill is a little strange, but it's just a reminder to never 'sell at market' on something no one is trading.
Just after this trade, the shares traded 50% higher somewhere else, probably because someone bought at market. If I had the time and assets, I'd go around becoming a market maker for these grey stocks. Not enough volume on this one to make a living, but if you were running a 15-20 different stocks at once, you could probably get by. Til' then, I guess I'll be happy to pick up 20,000 shares a time the once or twice a month when someone is selling at Schwab (Again, the only place I can trade).
Funds aren't the issue.. Just not a lot of shares for sale.
Speaking of, if anyone wants to sell a large block of shares and is willing to transfer to Schwab, let me know and we can work something out!
I was actually wondering the same thing. Could it be that the other side will try to delay until the tech is obsolete in hopes for better numbers? It seems they'll try to delay as long as possible so the reasoning behind might not really matter. I'm hoping it drags out for years so I can pick up a few shares.
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This 5G conversation has been interesting as well, so I'll add my $0.02. These high school kids did a science experiment where they had two plants in a room. One by a cell phone, the other not. After a few weeks, the one by the phone was wilted and brown, the other was healthy and green. All other factors were supposedly the same. Crazy! Frankly, I don't think people can live without that stuff. Most people will take the cancer over giving up their cell phones.
I wonder what kind of liability these companies would have. Is this the tobacco of this century? Seems the data is out there, but most would rather ignore it.
God Bless!
Just to be clear, this was almost certainly going to be denied... It seems that everyone here already knew, but en banc is rarely granted.
"In 2000, the 12 circuit courts (excluding the Federal Circuit) decided 73 cases en banc, representing 0.27% of their overall dispositions on the merits. A small number, to be sure, but two-thirds larger than the 44 cases decided en banc in 2010, which was 0.14% of all appeals resolved on the merits."
I only know this because my other big holding is waiting for an en banc right now that actually is being reviewed (FMCC/FNMA. I think we'll win and am looking for big payday)
As far as the trades and the low volume... meaningless. The most I've seen traded in one day is $12,000 worth of shares. Just a few individuals who potentially know little if anything. I know the few trades I got through had an effect on price, and if anyone needed any proof that miniature trades mean nothing, that is it since I am one of those individuals of whom I speak! :)
Don't brag! Nust be nice :)
I still have my orders up at Schwab and will take all of them for $0.011 if there is a way to get them there. If you call E-Trade they could probably get those shares traded for you.
Even aside from my interest, I think you'd be safe removing the 'AON' tag and just putting the shares out there for sale. I think they'd all get picked up.
I believe the AON restriction may be keeping them from moving to anyone outside of e-trade, but I think that other brokers may be able to pick up non special-order items. Check with e*trade and if taking off the AON tag allows those to move elsewhere, then my orders at Schwab will pick them all up.
Have a good one!
Very cool, thanks for sharing!
"I am down somewhat on My PPS...thanks to market makers"
Not that it matters, but the prices you see out there are essentially meaningless. You had a literally a few individuals buy shares on Friday, $2,500 worth in total. The biggest swing was on a trade that was the size of a restaurant meal, so that's what's making the market now. It seems most would say that this company is a good enough value that you're better off owning what you want having paid more than current prices for it, than being in an accumulation phase at good prices since there's not really much available these days.
Either way, Hope you're in the black before long :)
10 years is a long time sir. What is your average price and what initially attracted you? The current stuff only started in 14/15, correct?
I'm curious what everyone's average time or cost is here? Are most people in the money? Seems like the stock is up 10-100x from where it was a few years back, so I'd guess most are already doing pretty well?
If he doesn't need the cash, there is some level of pride/fame associated with winning the biggest trial ever.
He's going to be rich and never want for anything either way, so why not go for it on principle? I'd like to think that's what I'd do.
That's great that you've gotten your significant other involved as well! :)
I wasn't claiming it should be. I was looking over old posts ( As was suggested to me, no mystery there) and more than once I saw the payout chart that used 1 billion share math. It's fine if everyone knew that it wasn't correct, but I didn't, and felt ok ( and still do) making mention of it for those who may be new as I was.
If it's not newsworthy and everyone was aware, then I'm not sure what the issue is or why I'd be questioned for posting a known fact?
I'm just asking questions. "Angelic"?? LoL! The chart that I've seen more than once assumed 1 billion shares, and yahoo and others have said 1.6 billion. I never trust anyone online so I get that, but are you really going to call me out for trying to clarify a share count? I was very clear that I know nothing about the valuation, but simple math ( how much a settlement would be per share) is something I CAN do. Someone else was posting within the last couple of days about the 30% lawyer fee, I simply incorporated that. It would be hard to concoct something like that.
I work at a company (not Schwab) and because of FINRA regulations I can't trade anywhere but the company I work at, except that they don't allow options trading or penny stock trading, so I got an exception to trade at Schwab, but it can only be there. Is that really so hard to believe? What motive would I have to lie about that? Call it what you will, but I made an offer to buy 635,000 shares there at $0.011, and I posted my order number..... I imagine it would have been easy enough to verify.
If you can point to something I've said that's negative or wrong or unfair, please feel free to call it out. Otherwise, have enough faith in your investment that you don't get worked up about one poster who has no ability to effect anything that happens with this company. I am flattered that you think I'm good enough to be a pro fixer though.
God Bless!
very cool. Thanks for posting!
I'm not really focused on a settlement amount since I have personally had no idea and just go by what I read...
I'm mostly saying that if there are 1.6B shares rather than 1B, then the multiplier is different on how much each share would get, same with a 30% attorney cut (though some have said that may be charged to the defendants)
I have seen this posts about a settlement a couple of time:
$100 Million =$0.10 per share
$500 million =$0.50 per share
$1 Billion =$1.00 per share
If the share count is 1.6 Billion which it appears to be, ( as opposed to the 1 Billion share calculation above) it would actually be:
$100 million= $0.06 per share
$500 million= $0.30 per share
$1 Billion= $0.60 per share
If you further include a 30% fee on the winnings for lawyers ( Not sure if 'attorney's fees' are the same as getting a cut of the winnings?) then this would be reduced to:
$100 million= $70 million to shareholders = $0.04 per share
$500 million= $350 million to shareholders = $0.21 per share
$1 Billion= $700 million to shareholders = $0.42 per share
Shares are still a good price here, but perhaps not as lucrative as has been suggested given the above. I've seen some large numbers thrown around, but looking at it realistically (albeit with little knowledge) it seems like the upper end would be around $2 Billion, which, given that there are 1.6 Billion shares and incorporating attorneys fees would end up at $0.84 per share.
Thoughts?
So are there 1.6 Billion Shares out there or 1 Billion?
I've seen both numbers. Thanks!
Apologies for not understanding the revocation process which I'm sure has been covered here, but are you saying that UOIP had the opportunity to respond to the SEC and if the response was adequate, revocation might be delayed?
With all the true junkers the SEC has to deal with, I'd imagine that with legit court filings and wins that they would just leave this alone until everything is resolved. I don't see what they gain by taking it off the market.
Yeah I think it was kind of a basic answer from them. I don't have a lot of pull but I'm sure it could be done if they really wanted to.
Oh well, best of luck to you guys regardless!
I reached out to my broker and they said it's a private transaction and can't be done. Oh well :(
If you want to transfer the shares to Schwab I'll take them, or if you sell to someone who would be willing to but at E-Trade and sell at Schwab or something, that would work too.
Otherwise, guess it won't work. Let me know if you ever want to sell any at Schwab and I can put the bid back out there. Otherwise, I guess I'll just try to pick up a few shares the old fashioned way.
God Bless!
good evening! Got your PM but I can't reply private so I'll do it here.
I do have an order out there for 635,000 AON, so that shouldn't be an issue. The order is at Schwab and I put the number in the prior post. The only issue is, you will need to call etrade and ask them to sell to me, because that won't happen automatically since I'm at a different brokerage.
I'd transfer to etrade and buy there, but I'm in the industry and only allowed to trade at Schwab. I'll plan to leave the order out there all day tomorrow. If you're able to make it work ( as others say you should be able to by calling) great!
If not, no worries.
God Bless!
I had my order out there at Schwab today but you didn't pick it up?
I'll plan to leave it out there tomorrow too, but I need to start making some buys and I don't want all the cash out there, so after tomorrow I'm going after some smaller lots I guess.
This was day only so I had to do a new one. It's Order #: 42430022 at Schwab. Everyone seems to think if you call into your brokerage they can make that happen. I guess we'll see.
Have a good evening!
Ok sir, my order is out there. I can't take any further action (I'm at work for one thing) but it's at Schwab and the order is Order # 41739474 for 635k shares at $.011, so if you can let your people know to pick that up, feel free. If you have millions of shares over there, you're probably a big-timer and can make it happen!
P.S. I don't have private messaging so if someone can let him know the order is out there, I'd appreciate it.
Given what others have said, I guess being elsewhere isn't an issue.
I'm at Schwab and I plan to put the bid out there for 635,000 AON at .011 sometime tomorrow (May not be til the afternoon) but hopefully by 1pm CST. I'll try to post something here when I do.
Are you still selling this lot? If not I'll remove the AON and just take what I can get!
Actually, even though there is a grey market, maybe there is a way to ask your broker to pick up a bid that's elsewhere. I'm moving cash into my wife's IRA tomorrow when my sale settles, so perhaps I could just put an AON bid out there for those 635k, and you could call your broker and ask them to fill it with your shares?
I'm sure there's a way to get it done, that's essentially what happens with bond trades. I've seen brokerages go the extra step for good clients before...
If you want to transfer them to Schwab I'll take them. Let me know. ( I am only allowed to trade at schwab since I work in the industry, otherwise I'd just transfer the $ to where you are)
why would Schwab make 15%? what kind of account do you have there? I have an IRA and simply pay my trade fees and that's it. I was going to try and buy some... but not if they get a 15% cut......
Thanks for your thoughts! You are the 3rd largest shareholder I guess, that's pretty cool. I hope to pick up some shares next week and maybe average in as long as they're traded.
Not that anyone needs my advice, but if you really anticipate the gains you're talking about, I'd encourage everyone to get as many shares as possible to a Roth to eventually enjoy all the gains tax free.
I think it's good to always be looking out for the 'next thing' ( that's how I landed here). So I'm curious if you or anyone else has found another similar situation to move to once this pays out, assuming it does,
Have a good weekend!
Good afternoon!
In the same way that investing allows a company to profit in a way that one person never could, it seems that those who buy patents and litigate are just one link in a chain that hold our system together by fighting for the original creators.
Inventors who don't want to be litigators, and who don't want to wait 20 years for a resolution, should get a chance to invent like everyone else. If they get wronged and are willing to take a few million bucks and let someone else deal with it, what's the problem?
I see that you have posted many thousands of times on here.... I sure hope there is more substance to the argument, and that you haven't spent all this time saying that because a wrong being righted is done indirectly, that there's something wrong with that?
For everyone abusing the system and suing frivolously, there's some big co stealing someone's idea and getting away with it. Listen to too many narratives on one side and you'd think that's the entire problem. Really, both are problems, and give those pursuing justice a bad name and a rough time.
Here are a couple of questions for you:
Has there ever been a legit patent lawsuit?
Why do you think this one is not?
Thanks!
Thanks! I appreciate that! (And I appreciate the other couple of answers I've gotten.)
Since someone thought I was trolling, here's my spiel. The litigation is legit and it's priced like it's not, so I'm interested. I got the impression (and another answer confirmed) the big drop a few months back was because of going grey, which it seems is a non-event if one is holding til the end. I have no risk aversion so am drawn to situations like this where the potential reward is big. I used to gamble professionally so I guess it's just in my blood.
Anyway, I'm on Schwab (only place I'm allowed to trade b/c of work in the industry) so if anyone is selling there let me know (if the gentleman who was getting rid of that lot the other day wants to transfer over there, I'll buy them). I'm about to get my tax refund and figure $0.011 is reasonable (I'd planned to look at $0.01, but close enough!)
Thanks!
My computer is super slow so I don't know if I can get through all that in a reasonable amount of time, but I'll give it a shot!
serious.
I like litigation stocks, and read about this one on seeking alpha last year. I was all in on FMCC because of litigation but it's gone up some and looking to spread it around.) I realize some of the questions might be basic, but just figured I'd throw them out and see what I got!
New to the board (not invested) Rapid fire questions:
1. What does 'revoked' mean? (taken off exchange?)
2. Chances of settlement/win?
3. Chances of complete loss?
4. Chances of win but somehow screwed out of ownership.
5. Why hasn't the company reverse split?
6. Given your experience with other IP stocks, what is a fair price at this juncture?
7. What % of your investment money is in this stock?
8. Would this board remain if the stock is revoked?
9. Is there any chance that UOIP can't pay the $5m on the due date?
10. What happens if UOIP can't pay the $5m to ChanBond?
11. Could they make some kind of back-door deal and opt not to pay in order to screw minority holders?
12. Any thoughts on other items UOIP owns?
13. Has anyone ever attended any of the legal proceedings?
14. Any lawyers invested? What drew you to this company?
15. Has anyone met ( in person ) management/legal team?
16. Do you expect a one-time settlement or would there be ongoing revenues from use of the technology?
17. How soon after a win would you expect this to be 'unrevoked' if it is 'revoked'.
18. Was the drop last year solely due to SEC action?
19. On a scale of 1-10 how risky would you say this investment is?
20. Is anyone invested in a company in the industry and using this as a hedge?
21. Why would the defendants not buy up cheap shares of UOIP as a hedge?
22. What happens if something happens to William R. Carter Jr.?
23. Does he post here under a pseudonym?
24. Why are there so many posts (over 60,000) and how did so many people get involved?
25. Do you all have some kind of plan to meet up and have a big party if you get rich from this?
Thanks!