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Are you really suggesting that after all these years and millions $ paid to lawyers that we'd get all the way into the courtroom, but then in the middle of a trial we'd settle for an amount so small that it would be insignificant?
I don't think anyone really believes that.
my best guess is that it's 'final' as far as court is concerned, but that there are no final agreements over who pays or when... and until that's all set in stone.. nothing to disclose.
We shall see....
Luckily, I've done ok on the OTC over the years. Got 3 going right now and the jury is out on all 3. There's more than 'hope' in all 3... but it sure does take a lot of time.
I used to play poker for a living so this is how I get my entertainment now that I'm done with all that :)
We have some good stuff going here and I don't think Nick needs to do anything magical... just needs to close a couple of things. We got a raw deal in R.I. and that is not the OTC's fault. I know some here disagree, but I don't see it as Nick's fault either.
I'd consider adding a ton more but it's just too quiet. I do appreciate the tweets, but I want to see something solid before really going all-in. I know we are supposed to close on Durango by the end of the year. If I didn't have any shares, I'd probably add a few... but I've got enough while I wait for something to be finalized. UL/Durango.
RE: * How long does it take to get a UL product certified or listed? Normally around 6 months.
When are you saying the 6 months clock started?
Thank you!
Shajandr knows more about this than I do so I'll let him weigh in.
we'll just have to agree to disagree. Lawyers we spoke with stated as much. We'll also have to disagree that there will be a settlement in this case. You have stated that there never would be. I believe there will be. Time will tell.
I know the rules about gifts. Business Law 101. That would not apply here, even if a person bought the premise that he had no obligation to do this ( I do not)
People bought shares and if Billy is stating that he will pay based on that ownership, then a reasonable person would not consider this a 'gifting' situation. Given all that has transpired, any court would and should see the shares people bought as 'consideration', especially if people bought shares (shares Billy was likely selling directly) based on what was being said.
None of this is relevant anyway. He has a legal obligation to pay us whether he wants to or not and whether he said he would or not.
good luck selling 15 million.. That would drive the price under a penny. I do think we're due an update. They were at least Tweeting once a week. Nothing for a while now.
I'm not saying NIck's doing it wrong... who knows what he can or cannot say.... but there are a bunch of us who have really stuck this out because we've believed in him, and I hope he considers that in his decisions about what to disclose and when. Let's get these deals closed, let's get UL certified, and let's teach RI a lesson. I'm all in so not really worried about the price. I'm more worried about hoping the company follows through with everything. Hopefully something works out soon!
I'm not clear what you're asking. I'm only saying that the fact that Billy (and DEirdre) own shares does not in and of itself show that they will pay us out.. because they have other ways of getting paid.
I'm not saying anything good or bad there... Just saying ownership alone doesn't convince me that we're safe. I would love to see something from him. The longer we go without getting something, the more I worry. We'll see.. I hope you are right.
6 months from when though? We don't know if they ever submitted. We have tweets from over a year ago about UL, and I think we all thought it would be done by now.
Still hopeful, but not counting on this anytime soon. If it is, great!
Folks have asked NIck and not gotten any response.. This tells me it is a ways off.
If Billy wants to convince everyone that he's going to do the right thing.. why not make a public statement or something.
An emezzler could make the arguement that "I would never take from this company... because I make a salary too"
Not accusing Billy of anything.. simply saying that the fact that he owns stock doesn't tell us anything here because he has other ways to get money. Dierdre owns stock too, but we don't hear so much from her about her 45 million shares.. for the same reason. I'm sure she wants money from those too.... but the point is... by the logic that "she's a shareholder too, we should be completely aligned" that should be her only focus... and it's not.
WE'll see. GL to us!
it will be done before the investor call. I give it about 14 days
I have a Series 7 and I can definitively state that having a series 7 does not give anyone a clue what is going on here...
Have you talked to Billy lately?
Gotta say, I've been excited seeing you post lately. I love the optimism.
Have a great day sir.
I know what I own.. but would still like to see progress at some pt.
They really do owe us an update about UL. It's been forever, and an outside investor is going to price that at $0. Let's do this!
So you're saying that there's no hope of him doing the right thing... but that you're not commenting on our chances if we choose to litigate... am I understanding that correctly?
Nothing we can do about it now, though.
I think it was clear that something was off when Dierdre filed the TRO. Almost everyone here agreed.
I don't believe it took any legal expertise to see that.
Is there any action you'd suggest we take, or you're just thinking that we're out the $ and there's nothing that can be done at this point?
Not panic... but they seriously need to get their act together. I've been here close to two years and have held the line as much as anyone ( even though I don't post often)..
But c'mon.
The late filing really needs to show in the morning. All the prospects in the world aren't going to mean a lot if we execute business the way we do filings.
I believe there are good times ahead and certainly not selling for these prices. But seriously....... let's get on track with the basics.
What is going on with this company? Why didnt they file today?
So discouraging. Hopefully it processed late and shows up tomorrow?
The volume on this is astoundingly low. I know this O&G thing is going to be big, but I find it odd that word isn't getting out in the industry. Wouldn't a bunch of people be buying?
I know they're waiting for final reports and all, but it seems like people often get wind of good news before it actually hits, and in this case, we have two phases worth of positive results.
Any thoughts on why we're not seeing more interest?
NOTED AND CORRECT! :) :) :)
Yeah... to be clear, I don't mean missing like missing this one.. I think this is standard... especially for penny stocks during covid.
As long as we meet it with the extension, I have no concerns. Non-issue except maybe some lucky folks are able to get a bit of a cheaper price from the delay.
The one that misses a lot.. They are often a month or two late.. Always yield and stops signs going up and down. What a mess!
could be anything. Everyone gets a blanket excuse because of covid so who cares? Honestly, maybe it's a little cheaper if we say "yeah, just get it done when you can". They've always eventually delivered and I don't recall any stop signs on snpw since I've been around.. If there have been any... not for long... so it's just not a concern for me.
I'm in another where they miss every time. snpw is doing just fine in this regard.
Rarely do I lol at ihub but I've gotta hand it to you. Sad thing is, you're not wrong. lol. Well, longer it stays low, the more I can buy. I'll be happy either way...
Pretty certain whatever the most screwed up, convoluted way to handle this is the way they will go about it
get out of here with that nonsense. We are no more 'late' than someone who files an extension on their taxes.
Company has been quiet on twitter lately. I'm hoping there is some news here in a day or two and they're just waiting to file 10q so they can add to subsequent events or something.
I don't think our financials are extremely complicated at this point. If they miss the extension deadline.. then feel free to start talking about a stop sign and all that.
Until then, this is nothing unusual
Breach of contract, fraud, whatever you want to call it... We asked a few different people to review the TRO and were told that, if what was alleged was correct, then it was illegal and shareholders should take action.
I don't know that anyone here is a legal expert... but people on the board have talked to people who are experts.
That does not sound good. I would not be happy with a 10 cent buyout.
I have sat on 5 digit losses on this thing for a while. 10 cents will be a nice step, but that's not what I hold for.
GLTA
Anyone know if the inventors have gotten any $ yet?
There's too much $ here for us not to get something. Based on the reviews that have been done, our case is pretty solid. Even if it wasn't, I'm sure someone would be willing to pay us a few cents per share just to go away so they could get their funds.
Dierdre's TRO had no merit. Ours would if it got to that point.
Our own lawyer has a vested interest, as they have ownership in the MedREcycler LLC, just as SNPW does. That is one thing we don't have to worry about. This lawyer won't be cutting deals or schmoozing with the other side. It's as personal for them as it is for us.
Anyone can sue anyone for anything.. this is America.
I should have said "would not win"... If we do not follow the correct Ri-DEM process to the end, it would give the state an 'out'. If we sue for rejection, they might even agree with us, but say that we should have filed an appeal and that's where all of this would have been fixed.
There is no condition of having to do everything right in order to file a lawsuit..... but in doing everything right, it we're more likely to win.
I have no direct legal knowledge... but I have seen many court cases on incorrect dismissals, etc... thrown out because the plaintiff did not follow correct procedure. While I'm sure NIck hopes we win the appeal... I see it more as us going through the motions of this process to ensure we're doing everything right for the case we'll eventually file.
My only takeaway here is that I don't really expect to win on appeal... and I'll be ok with that where I think others may not be.... and thus I think it will be a buying opportunity.
Off to bed, good night sir.
So, I believe that a suit against the state would not be allowed unless they followed the process to the end. Even if they believe this appeal would be denied ( I do)... they must file it and go through the motions in order to give them the best chance to win the suit they'll eventually file.
The connection is simply that in, I believe, in order to potentially win their future lawsuit... they must go through the motions/process here.
It's late so I might not be expressing it the best way.
I guess in short, I always thought we had a 'good' case, but after seeing what was in that filing, I believe we have a VERY good potential lawsuit. That doesn't mean I think the appeal will work. I actually don't think it will, but perhaps that's not the point.
As far as pricing here... it may be a good time to pick up shares when the appeal is denied, as I assume it will be.
We shall see!
Not saying you're wrong
Your point was taken that this itself isn't "the case"... I'm just saying that if and when it gets past the DEM stuff and to court stuff, I think it should go pretty quickly based on what was in this.
My understanding of 'summary judgment' is that oral arguments and all that back and forth isn't needed, and it's a request to fast-track a ruling just on the basic facts of the case as presented in filings.
I assume this DEM thing is just a prelim step, and that any court appeal would not be considered 'ripe' if they did not take this step first, and that's why they're doing it... Based on what I see here, our eventual case will be a slam dunk if and when it gets to that point, and I do assume we'd ask for summary judgment (seems it often happens... Usually denied.. but I could actually see it happening in this case. If pathogens were a concern, they never should have issued the intent to approve.)
And... the case is pretty plain. I don't know a lot about the process, but I think we should win on summary judgment... Doesn't need to be a long, drawn-out thing. THere is a clear-cut right/wrong here.
I knew this before (especially want to thank some of the posters here. I-mayor had some great insights into the process which turned out to be spot on) but after seeing the filings and seeing it in an official document... it made it a bit more real.
My guess is the state will settle. Whoever this eventually falls on is going to want it to go away quietly. Either they pay us off or find us a new ( better/cheaper) location and fund it... or we make a big stink about it, win the case, and the state looks silly. I just don't think it will be as long and drawn out as many legal issues often are. We shall see.
I have seen the talk on here, but haven't looked into it that closely.
Regardless.... the evidence in this appeal looks exactly like any filing I've seen, and I've read through too many Supreme Court Cases to Count. I would imagine that this is the first step with an eventual plan to sue... especially after looking at what's in here, which is pretty compelling.
Ri-DEM said that upon final review we'd done all we needed.
Whatever step in the process this is isn't exremely important to me. It's very possible that we are doing this to gain evidence in order to sue, and that if we didn't go through this step, the State Superior Court would claim the case is not 'ripe' or something.
Hoping we can move on and get something else going in the meantime... but this does look like a win to me, and it doesn't even seem that complicated.
Thank you for posting this.. I love reading court filings!
" the result of a final review of your application"
How could we not win this? I have seen few cases so clear cut. If RI is smart, they will make a VERY [color=green][/color]$$$[color=green[/color] generous offer of a new place, fully paid for with all moving costs paid and all permitting fast tracked or done and some tax incentives for the next 100 years in order for us to drop this thing.
We may end up making more money on this case than we would on the facility. I as a shareholder am happy to testify about the losses I saw, and I plan to hold on to my shares because I'd lose that the moment I sell.
This case is a slam dunk. I have rarely seen a filing so short. 6 pages. It's because it's cut and dry. They broke the law, they should pay. I don't love settling on principle... but if they make a very generous offer where we end up MUCH better than we would have before.. I say NIck should go for it and let's move on.
Hope we get a ruling on this soon. I don't know what the process is here, but this is a summary judgment type case. We asked what else they needed and they said nothing. I think going into the final day, NIck fully expected approval... as perhaps we all did. Anyway, this filing highlights what a disaster of a process this was, and it solidified my resolve to hold on.
In the meantime, I would like to see updates/progress on UL,Durango,Aus,uplisting,other sites,etc.
Have a great weekend everyone!
Thanks for that.
Yeah, I'm kind of in that boat where I'm sticking this one out either way. The losses I had at one point were insane. Luckily it's money I made from some other trades.. Would be a tougher pill to swallow if it was a years worth of salary down the drain.
THere are some things management could do better on, but all will be forgiven if this O&G stuff comes through.
250-350 is what I'll look for... but hoping for more!
Have a nice weekend.
Good morning everyone!
Assuming financials come monday (for the record, I'm guessing they don't come until 8-31... but who knows? just a guess)
What numbers are you looking for? What Q2 revenue would make you sell? make you buy?
Or... is there nothing in there that could really swing you one way or the other.
Personally, I've held through everything else, and so the only thing that I think would trigger me is new toxic debt or a report that shows we really haven't gotten rid of the old or something ( which I certainly don't believe would happen). Otherwise, I don't think anything would sway me.
Just wondering if anyone is on the fence and if so... what are you looking for? Thanks!
SNPW has been kind of quiet on Twitter lately.
I appreciate that they filed and am glad to see things moving forward.
I just think there is an opportunity to get the shareholder base energized and moving forward together, getting others interested and getting people into the cause.
I know Nick is tired of all the haters... but I still think interacting with folks is the best way to move forward.
I would love it they would give weekly status updates:
Durgango
Aus
UL
Uplist
Lawsuit
other med stuff
rather than little tidbits. I am planning to hold through all the 'noise'... but I do think a big part of the success of this co's stock for the next 6 months ( in absense of clear events) is going to be how things are communicated. WHile NIck was right about the suit... they also said they'd meet with shareholders in Q2 and that just didn't happen.
THey don't need to do that, but they do need to address it. You shouldn't just leave a commitment hanging out there unfulfilled. Address it, say why it's being put off (RI-DEM legal issues most likely) and give a new anticipated time. People appreciate being levelled with. I think SNPW does 'ok' with this, but I think there is an opportunity to drive some interest here by really being great at it.
Anyway, have a nice weekend everyone!
I believe there was some contact with the inventors here too. Has anyone talked to them lately?
I'm not saying we need to hound them to death.. but I know they were sympathetic to our position in the past, and I imagine they'd have an idea of what's going on.
Additionally... I believe we'd know if they'd gotten any money, and we haven't heard anything. I don't believe anyone has been paid out yet, at least....
We're one day not further from our money, how about that? :)