Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Can someone explain the share structure. More importantly, how many preferred shares are outstanding? And what specifically does a preferred share entitle? Is it a percentage of company if more common shares created? Is there a conversion from preferred to common? Are there potential monetary dividends associated with ownership? Is there a mandatory liquidation date ?
I did.....Anybody want to sell any more to me?
found old post of yours. I assume o/s means outstanding shares and a/s means allowed total shares. You mention 10 million restricted shares. Do these convert to common shares? If they do, do total number of outstanding shares still equal a/s of 100 million.
Have they issued restricted shares? I don't remember any Pr or sec filing about their details.
This company barely puts out any info. I am not an expert on pink sheets. Do they have to put out PR or sec filing if they have either diluted the stock and/or give options of any kind to private investors?
though I am not as confident as stockdiety as to the assumption that the volatility has to do with MM manipulation.
iluvmoney:
The thought is that people who really want a stock will pay the higher ask price; whereas people who really want to dump stock will gladly sell at bid price. MMs can screw around with this logic.....
Great job everybody!
O.T. very scary if even half is true
http://www.marketrap.com/article/view_article/9148/strange-occurrences-and-a-story-about-naked-short-selling
L3 Nevada contract. Any comments?
http://purchasing.state.nv.us/services/s_pending.htm
http://www.mobile-vision.com/
Looking at their website, they seem to have capable competitor product to DGLY. Does anybody on board have opinions on comparison of both products. Does anybody know the cost of L3 system? Market penetration vs. DGLY?
What is ODM?
Sorry if already covered today:
But does that mean that Apple royalty payments are fixed per quarter and not related to units sold; but Infinion contributions to Apple phone are unit based...translating to some per unit contributions to IDCC from I-phone sales.
I was disappointed that at CC nobody asked a very short clear question as to the licensing arrangements that IDCC has directly with Apple and RIMM.
O.T.
I got criticized for recommending DGLY a few weeks back because of the accusation that they steal the use of another company's proprietary products and/or technologies.
Update:
8:01AM Digital Ally and L-3 Communications Mobile-Vision resolve patent litigation (DGLY) 4.64 : The co announces that L-3 Communications Mobile-Vision (LLL) and Digital Ally ("Digital Ally") have resolved all litigation pertaining to Mobile-Vision's allegations that Digital Ally's current DVM-500 products infringe Mobile-Vision's United States Patent No. 7,119,832. Based on technical disclosures and representations provided by Digital Ally to Mobile-Vision, the parties have agreed that the current DVM-500 products do not infringe Mobile-Vision's '832 patent and that no damages are payable based on those technical disclosures and representations. Each party has agreed to bear its own costs and attorney's fees.
OT: Explanation of subprime mess
http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true
I couldn't agree with you more. The analogy I use when explaining naked shorting to friends is: It's like the City of Chicago declaring that murder is illegal............well it already is illegal. And then Chicago decides to do something about it and bans all 9mm pistols......well, guess what , the gangbangers will just use another weapon, since there has been no change in enforcement.
Last night, when I saw plan to ban short selling on CNN ticker. WOW! I was both excited and nervous at the same time.......because it showed the SEC is starting to acknowledge the problem...which is good; but their cure IMHO is reckless.
Firstly, I have shorted stocks only two times in my investment career.........I quickly found out that I am not cut out to do it.........makes me way too nervous that I could have infinite losses which made me obsessed with smallest movement in stock.
However, I do feel that it is a reasonable way to invest in market if done on a level playing field. In other words, if I want to purchase a stock, I need to have funds available or Ameritrade will not allow transaction. Same needs to apply if I want to short: broker needs to have the shares available to borrow and I need cash or equity to borrow against. When I was heavily invested in FRPT, I would frequently try to put a sell short order in just to see if they had shares to borrow. They NEVER had shares to borrow....but stock kept getting shorted and number of shares short kept going up. I am sure that lots of those shares were naked shorted. All I wanted was to have everybody in market to play by same rules.
Now SEC seems to have thrown out the baby with the bath water. I think they need to enforce any security fraud that occurs.........and naked shorting is already illegal, just put some teeth into people who violate it. With a ban on all shorting, I have an uneasy feeling that SEC has almost totally lost control of the equities laws and enforcement. With a ban on only 900 financials, it even makes the playing field more uneven IMHO.....SEC is bailing out their buddies in financials that started the naked shorting mess. Personally, though it would be bad for my portfolio, I hope Goldman Sach rots in hell and declares bankruptcy.
micbrody
What do scumbag hedges do?
With the assumption that most naked shorting is done by hedge funds and/or brokerage houses, what is their next move?
1) I would think they would attempt to cover today. How that is done is anybody's guess? Do they heavily short their financial shares to scare people in first 30 minutes of trading and then try to orderly cover? Danger of that is they could lose everything if market forces outway their manipulative practices.
2) Do they cover with market, but then heavily short all their holdings that are not on the restricted short list? Therefore, they have collateral to finance their covering?
Number two worries me a little. This is the problem of not restricting things market wide..........any opinions welcome.
FYI, I did not buy anything premarket......just a lot of mental masterbation
Since IDCC not on restricted short list, be careful IMHO
micbrody
Nice discussion of transcript. Question:
If samsung wins, does anybody have a rough idea what revenues would be generated at the lower 0.1 to 0.5 FRAND rate?
"(IDCC is lloking for a "partnership" with an application processor Renesas could be a possibility - revlis)"
Revlis, thank you for telling us potential relevance of this news.
Also, if you want to confirm that I am a real investor, ask Lastchoice....met him at FRPT shareholder meeting last year. He is the one that got me to look into IDCC.
It would be proper to also delete robweis's paranoid delusional post about my intentions.
I am not asking for an in-depth analysis; just a thread of sentences that might show the relevance to idcc
For instance, post #232557:
T - Mobile to Offer Android Smartphone Soon: Sources
By REUTERS
Filed at 11:26 a.m. ET
FRANKFURT/DUESSELDORF (Reuters) - Deutsche Telekom's <DTEGn.DE> T-Mobile unit is set to start selling a mobile phone based on Google Inc's <GOOG.O> Android software within weeks, according to people familiar with the matter.
"T-Mobile and Google will be making an announcement this month in New York City," two people told Reuters on Wednesday, adding Sept 23 was a likely date for the announcement.
T-Mobile declined to comment and Google was not immediately availabl
my interpretation:
HTC is making Android phones. IDCC has licensing agreement with HTC (I think just protocol/software agreements; Do they have slimchip agreement or rumors of such?
So here are some talking points about article posted. I could be wrong in my interpretation, these are the facts and questions that were jogged from my memory.
As everybody knows on this board, innocent till proven guilty.
Just because a lawsuit is filed, does not mean it has a validity. I can personally tell you that in my profession, I have been sued three times, one of which was totally frivolous (I was dropped out of suit only after 9 years since alleged malpractice), and dropped out of another suit in which I saved the patient's life (dropped out only after 5 years), and now have a morbidly obese person suing me and 3 other physicians for an infection after a surgery ( 4 years and pending)
The specifics of DGLY case deal with
"has convinced a trade panel to investigate L-3's allegations that 11 companies infringed a patent in making devices to record sound during traffic stops by police" I do not know specifics...is it the microphone? sound chips used in product?
My guess is that L-3 is looking for a piece of the action. I am tremendously worried about the speed and voracity of any cases brought to the ITC..............NOT. This case will either go away with a settlement or languish in the courts for a few years while DGLY gains revenues and market share....sound familiar? Also, I do believe that Thomas Edison actually had one of the first sound recording device patents (wax drum). If DGLY is found to be infringing, they most likely can come to agreement and/or find another /sound recording vendor....which would not be in the best interest of L-3.
Lastly, per recent post "I always tell my boys that they will/would get better grades if they do the homework themselves. That way they will better understand the material and do better on tests because they have done the research themselves. There is a world of information out on IDCC that you can get access to by searching the name."
Fair answer....but I thought part of the purpose of discussion boards was to disseminate and filter information and opinions, hopefully in a concise, intelligent way. The problem I have is that there is a "world of information out on IDCC". I do appreciate the current events news in cellular business that Revlis brings to board. My ask for help should not be interpreted as a criticism of Revlis for the post. I do not think it is unreasonable for people to comment on the relevance of the news related to the company we are invested. For most of Revlis's post, I do not see others on the board make editorial comments about the news. Therefore, I assume that either it is unimportant and/or they themselves to not understand the relevance of the news. This is why I asked for help.
I have been posting on Investorvillage since it was called BuyB4therush; I have posted on Ragingbull until some obnoxious posters ruined the objective discussions going on. For IDCC, this board is , by far , the best. If you look at past posts by me on these boards, you will find that I do not trash talk, pump, dump,etc. I try only to contribute in a positive way for the betterment of everybody on the board. All I ask is for some objective help relating to IDCC.
Thanks,
Your post is an excellent quick reference page for me.
However, as an investor, when Revlis posts news related to one of these modalities, I still do not know if it is good or bad for IDCC.
For instance, articles stating the wide adoption of BREW would not be good for IDCC whereas articles stating the adoption of WCDMA technology would be good for IDCC.(I think???)
My guess is that most these technologies can generate revenue for IDCC, but in greatly different amounts depending on their contribution to joint efforts and/or patents owned by IDCC.
Can you (or anybody else on board) copy your post but then add small editorial comment after each modality stating how important/lucrative the technology adoption would be for IDCC revenue. It would also be helpful to me if one could quantify the importance on revenues by rating it on a scale of 1 to 10; 1 meaning IDCC could upgrade their headquarter's toilet paper from one-ply to two ply vs. a rating of 10 which would indicate technology adaption could drive stock to many multiples (i.e. over $60) in the next 12 to 18 months.
I hope I am not considered by board members lazy. I am just overwhelmed by the amount of information that this board generates.
Since I do not have much to offer this board relative to IDCC, I will share one stock that I think has a great future but not truly discovered yet.
DGLY Digital Ally..make video camera systems for police cars (and soon buses). Revenues growing like crazy. Guidance reiterated positively. Zero debt. Huge market. Investor hub has very good board
I have followed this board over a year and own a fair amount of shares. One problem I have with following this board and stock are the tremendous number of abbreviations that represent technology modalities. I cannot keep them straight. Can some somebody summarize (in no more than 1 or 2 sentences) what each abbreviation means to me as an IDCC shareholder? For instance, does IDCC have royalities coming to them when companies use a 'UMA platform'? Which competing abbreviations (technologies) does IDCC not receive royalties? WCDMA, CMA2000, WSCDMA, etc........
O.T. Anybody having trouble getting on Investorvillage site?
Not sure if posted but again shows (though no direct mention) how idcc in sweet spot.
http://seekingalpha.com/article/89448-research-in-motion-s-3g-counteroffensive-the-smartphone-arms-race-escalates?source=yahoo
Hey Runncoach,
I agree and just posted same thing an hour ago on Investor Village.....
P.S. Good to see you on this board.....to all on this board, very valuable poster from FRPT board.
Based on PR of March 18th:
The current Share structure is 25,501,732 Outstanding with 2,174 Restricted and 2,000,000 Preferred Shares. It is the intent of the Company that after its previously announced Buyback of 8,000,000 Shares, upon completion the company will then further reduce its Authorized Shares to 20 Million.
The Company's objective is to eventually reduce its Authorized Shares to a total of 10 Million; this is being implemented to coincide with the closing of an upcoming major acquisition that will give the company a major balance sheet/financial presence.
Questions for board:
What are restricted and preferred shares? Who owns them now? Do they convert to ordinary shares later? If so, what conversion rate? If company goes belly up, does preferred shareholders get some money from assets for their share?
Any help to be appreciated.
micbrody
Is patent 791 important for future revenue? How significant is this to valuaton of stock?
micbrody
What is the Hartford case?
Questions for people with good and verifiable DD:
CEO in PR made statement:
Mr. Van Dyke is aware of IAHL's predecessor Three Sixty, Inc. and certain situations and would like to state, "Any association with that operation at the time is no longer a part of IAHL nor is any legal issues that may have been associated with them applicable to the company at this current time. I and my group were at no time ever part of the previous management or ownership of Three Sixty, Inc. this is a new company with new management in the aviation industry."
http://chronicle.augusta.com/stories/012...
http://biz.yahoo.com/iw/070927/0307676.h...
How does the name and ownership change get them out of any liability from previous name/company? Three Sixty didn't go bankrupt....they change name and ownership. I would think all assets and liabilities (lawsuits) would also transfer to new company.
Also, to play Devil's Advocate:
Let's say Thrush need lots of capital to expand for existing orders. Why would they go this route of being acquired by IAHL? I know that credit is tightening everywhere...but couldn't they get some othe types of financing especially if they had new contracts in hand and had maximized 2008 production? Why not go public themselves?
Just looking for informative answers.
micbrody
Anybody with constructive comments welcome.
Is Integrian a company that is a viable competitor? Is this company private...cannot find stock symbol.
Very interested in buying this stock. Their products seem fantastic.
One main question I have is who are their competitors?
micbrody
5/10/2007
Assumption: FRPT follows business plan as stated by PR’s, CC comments, and news reports; then within 12-18 months my calculations show what the share price should be:
1) Joint venture with General Dynamics= Force Dynamics will be producing 400 MRAP Cougars per month with revenues from vehicle and integrated logistics and support (ILS) split 50/50 per contract. Each vehicle will cost about $500,000
2) Force Protection will produce 400 Cheetahs per month at $300,000 each (educated guess). FRPT keeps all revenue.
3) Force Protection produces 10 Buffalos per month (conservative) at $850,000 each. FRPT keeps all revenue
4) ILS revenues will approximate 20% of gross sales (per previous filing histories and CEO comments at CC)
Now the calculations:
1) 400 MRAP cougars / 2 (joint venture) = 200 Cougars x $500,000 = $100,000,000 per month
2) 400 Cheetahs x $300,000 = $120,000,000 per month
3) 10 Buffalos x $850,000 = $8,500,000 per month
Total vehicle sales per month = $100,000,000 + $120,000,000 + $8,500,000 = $228,500,000 per month
4) ILS = 20% x $228,500,000 = $45,700,000
Total monthly revenues: $228,500,000 + $45,700,000 = $274,200,000 per month x 12 months = $3,300,000,000 x 9% net profit = $300,000,000 profit / 70 M shares outstanding (guessing slightly more because of employee warrants/options)= $4.29 / share x P/E ratio of 20 (conservative for huge growth company) = $85.71 per share
The next question is will there be buyers for these vehicles if produced? 810 vehicles per month = 9720 vehicles per year. As of now this would roughly satisfy the requirements that has been published recently of 7700 vehicles already funded (pending supplemental passage), and the 9000 vehicles per year planned for in 2008 and 2009 budgets. Plus, I think there will be more demand from England, Canada, Iraq, and probably other NATO nations.
It’s fun to dream. I have been dreaming of demand like this since I first bought share in March of 2004. This company has had some hiccups in the road; but in general they have met all their goals over the last 14 to 18 months; I do not see any compelling reason why they will not come at least close achieving their future business plans.
Future likely contracts and additive effect on share price:
Assumption: ILS during wartime PR of November 22 claims $35 million to date of ILS revenues with expected total of $44 million for year. PR of Dec 8th claims more than 300 vehicles in field. So by extrapolating that there will be slightly more units in service by December 31st, 2006 , the ILS revenue generated is roughly $9 million per 300 vehicles per month. This boils down to $30,000 per vehicle per month of ILS revenue in wartime
Assumption: ILAV contract : 180 M for 378 vehicles with value for FPI of $55M. This boils down to $476,000 per vehicle with FPI getting $145,000 per vehicle per contract….this figure does not try to figure out costs if BAE vs FPI makes vehicle….only base on Material agreement on June 2, 2006
Assumption: MRAP contract is worth $600,000 (guess) per vehicle. FPI gets 50% of revenue boiling down to $300,000 per vehicle per contract.
Assumption: MASTIFF $650,000 per unit
Assumption Buffalo $850,000 per unit
Assumption: assume GP% of 19 then subtracting out G&A of 15% (hopefully true with increased production) leaves net GP of 4% on manufacturing profits
Assumption: assume ILS GP% of 50?????? then subtracting out G&A of 30?????? leaves net GP of 20%
Assumption: 67 M shares outstanding
ILAV contract: 600 vehicles x $145,000 =$87 M x 4%= $3.5 M or 5 cents per share
ILS: 600 x $30,000x12 months=$216 M x 20%= $43 M or 64 cents per share
Total of 69 cents per share x P/E of 20 = $13.80 of share price
Now lets assume my ILS revenues one half of the prediction:32 cents + 5 cents= 37 cents
Total of 37 cents per share x P/E of 20 = $7.40 of share price
Gross income: $303 M ( $195 M if only 50% of ILS predicted)
P/S ratio of 2 = $9.04 (or $5.80 if only 50% of ILS predicted)
MRAP contract (1000 vehicles)
1000 x 50% x $600,000 = $300 M x 4%= $12M or 18 cents per share
ILS: 1000 x 50% x $30,000x12 months=$180M x 20%= $36 M or 54 cents per share
Total of 72 cents per share x P/E of 20 = $14.40 of share price
Now lets assume my ILS revenues one half of the prediction:26 cents Total of 44 cents per share x P/E of 20 = $8.80 of share price
Gross income: $480 M ( $390 M if only 50% of ILS predicted)
P/S ratio of 2 = $14.33 (or $11.64 if only 50% of ILS predicted)
(THIS IS ONLY FOR A 1000 VEHICLE MRAP ORDER)
MASTIFF
100 vehicles x $650,000 =$65 M x 4%= $2.6 M or 4 cents per share
ILS: 100 x $30,000x12 months=$36 M x 20%= $7.2 M or 11 cents per share
Total of 15 cents per share x P/E of 20 = $3.00 of share price
Now lets assume my ILS revenues one half of the prediction: 5 cents
Total of 9 cents per share x P/E of 20 = $1.80 of share price
Gross income: $101 M ( $83 M if only 50% of ILS predicted)
P/S ratio of 2 = $3.01 (or $2.48 if only 50% of ILS predicted)
Buffalo
100 vehicles x $850,000 =$85 M x 4%= $3.4 M or 5 cents per share
ILS: 100 x $30,000x12 months=$36 M x 20%= $7.2 M or 11 cents per share
Total of 16 cents per share x P/E of 20 = $3.20 of share price
Now lets assume my ILS revenues one half of the prediction:5 cents
Total of 10 cents per share x P/E of 20 = $2.00 of share price
Gross income: $121 M ( $103 M if only 50% of ILS predicted)
P/S ratio of 2 = $3.60 (or $3.07 if only 50% of ILS predicted)
If all contracts received and completed in one year??!!??, then they would be worth:
FULL ILS PREDICTION 50% ILS PREDICTION
P/E or 20: $34.40 $20.00
P/S of 2: $29.98 $22.99