By way of Charles from the Yahoo message board.
HDC former board member, William (Bill) Quirk, sent the following letter to HDVY shareholders, which I am reposting verbatim here:
Dear HDC Shareholders,
HDC won a tremendous victory yesterday. It is not yet fully understood or appreciated. Here’s why.
The PTAB (Patent Trial and Appeals Board) ruled in favor of HDC and denied Intel’s claim of “unpatentability” for HDC's “!88” patent.
There are two more patents Intel is challenging which PTAB which should decide on September 12 and 21. Intel’s arguments on these are pretty much the same so I expect PTAB to rule for HDC.
PTAB previously rejected Intel’s recent claim on HDC’s ”685” patent.
Keep in mind that this is the second time Intel has appealed to the PTAB. The first time, a few years ago, they lost big time but were permitted to return for another bite of the apple last year.
I understand that Intel is legally prohibited from raising any “unpatentability” claims in a jury trial after final PTAB decision .
Intel has effectively acknowledged that it used HDC’s patents without authorization so they can’t claim that they didn’t infringe in a jury trial..
Judge Albright will soon rule on another Intel appeal to start HDC's lawsuit process all over again. I expect he will rule for HDC and schedule a jury trial soon.
HDC stock cannot be traded by the general public because management has not filed required SEC financial statements. If it had filed, many believe the stock would be far higher now.
… and much, much higher as and when these other events noted above materialize.
Intel’s strategy from the start has been to starve HDC into bankruptcy with a plethora of delaying tactics. Similar to roadside bombs, all Intel needed was one success; thus far in 10 years they have none.
CEO McGovern has caused the Company to “go dark”, i.e. virtually zero financial (or other) info to shareholders, likely because of little money to pay accountants. With favorable PTAB and Albright rulings, my expectation is that McGovern will be able to attract private investors at a price substantially higher than the current 2/10 of a penny.
The wild card in all of this is what, if anything, may ever happen with Vennwest’s federal lawsuit against the Board. This should become much more prominent in the months ahead.
Bottom line? It may actually be providential that shareholders can’t sell now at this next-to-zero price because if things materialize as I hope, the stock should rise significantly with anticipated developments.
Bill Quirk
