We are looking at a multibagger in the works.. sorry for those who sold..sincerely..Boom..;-)
On October 27, 2015, the Company acquired 100% of the membership interest ChanBond, LLC (ChanBond) (see Note 18), a portfolio of patents that disclose a technology that allows cable companies to provide high-speed data transmission over their existing hybrid-fiber coaxial networks. ChanBond contends that virtually every cable multi-system operator (MSO) in the U.S. utilizing DOCSIS 3.0+ is infringing upon its patents, accordingly on September 21, 2015 ChanBond filed lawsuits in U.S. District Court in Delaware against the 13 largest cable MSOs in the country ....ChanBond consists of a portfolio of patents that disclose a technology that allows cable companies to provide high-speed data transmission over their existing hybrid-fiber coaxial networks.
The purchase of ChanBond included the acquisition of intangibles currently valued at $5,223,500. The initial accounting for the business combination of ChanBond with the Company is not complete as the Company is working on obtaining valuation reports to support amounts. Additionally, as noted in Note 15, the Company may record possible contingent assets due to lawsuits to which ChanBond is a plaintiff.
UOIP CEO..Mr. Rob Howe has spent more than 24 years in the technology industry, with companies ranging from privately held startups to several of the largest technology corporations. He is the former President of CompUSA PC, as well as the former VP and GM of AT&T’s worldwide PC business, and the former Senior VP of Dell North America. Most recently, he served as President and COO of McCusker & Company. Mr. Howe holds a Master’s degree from Auburn University and a B.A. degree from Birmingham Southern College.
Gosh BMAK on the ask diluting away here. Looks like a complete stock selling scam big time here! Looks like another "WAVE" of dumping coming here. I would bail out here folks this is under promotion to sell shares.
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