SPEX purchased Rockstar patents for cash and preferred shares. Rockstar will get 20 million and they also get a cut of any proceeds. Rockstar owns shares the way you or I do, but their position is not so big that you could say they are the owners of SPEX, they are not. It might still be 10%-25, but I don't know for how long their position will be that high percent wise given the dilution.
Sentiment: Strong Buy
As a consortium, they decided to go through SPEX for payday in order to put themselves at arms length. ie Its not us suing you, its SPEX.
Apple, Inc., BlackBerry, Ericsson, Microsoft, and Sony were trying to profit, without getting too dirty in the process.
"I’ve personally been unable to locate some shares to borrow to shortsell this puppy."
As a hedge fund manager, he knows how to naked short. Of course he wants people to sell, it depresses the share price. I wouldn't take him seriously; look at the historical prices, SPEX has done very well.
I don't get what you're aiming at. Look at SPEX historical prices then come back here and talk about pump & dump. What's going on is naked shorting, nothing else.
as you know, the company is under investigation already, so they are probably being paranoid careful, which is why the silence. If they are on the cusp of a win, they dont care about what investor think in the next few days anyway, and wont do anything to lead people one way or another. But my issue is with the history of this stock, what happened, and how we got here. THat affected me too, not just now, when this might go back up.
Brett Maas has a slight change of tune, he is warning more emphatically than he did a few months ago, in private correspondence, that the company has no revenues. I know he is doing that to avoid an investor lawsuit, but I wonder if he is basically being kind and saying get out while you can. Of course how he means it he won't comment.
IMO Best for us for now seems to be a good news within next two weaks. If something positive happens and price soars then maybe no RS will be needed. If nothing comes during next few weeks then It will probably get tanked gradually and RS will be imminent. I am gonna watch next two weeks, it is gonna be like a thriler:-)
Sentiment: Strong Buy
I agree that there is a good chance that SPEX will fly if that Markman is good. I also believe that Mr. Hayes is probably damn good, and he has the best advisors (e.g. poltorak). In general, while Mr. Maas can be rude, he does strike me as overall fair from my writings.
But where I have to stay HELLO CAN WE TALK is when Cody Willard, who really is a respectable in the know guy, call out SPEX as pump and dump 1 year ago. Then, as I reconstruct the history of that spike to 25 dollars, and the subsequent selloff, due to all these insider (but not officially insider) sellers, I really really really have to wonder if these people were crooks. And I do not think this should go unnoticed. It should not be forgotten. And it should be punished.
Quite simply, I want my money back if this was going on. I accept the risks if people are playing fair, but if there was a stretching of the truth and people selling knowing things we don't, I want my money back, and you should want your money back too.
Sentiment: Strong Buy
I appreciate your thoughts on what might be happening but I believe we need to look at what we know for sure. Ongoing legal actions are current and real. I have spent a few bucks buying legal documents from current cases and can attest to the reality of current legal proceedings and that new documents are being generated weekly if not daily. Things should be coming to a head soon and we will have a better understanding as to weather Spex sinks or swims. Markman, Verizon trial, next 10q will show if AT&T settled or not. Place your bets, that's wall street.
I basically believe that Spherix was set up to help Rockstar which was, for whatever reason, struggling to monetize their patents, so they came up with this pseudo-spinoff model. I think that this Mr Hayes is probably a very good lawyer, and they could not hire him in house, but let him run with their patents through his own company. I don't think the patents are bad, but monetization is just difficult, and so probably people with track records are a good bet, hence the entry of Anthony Hayes. We know for fact that those patents in aggregate had 4.5 billion value to that consortium, and I really do believe that Spherix got really good patents, not the bad ones, but it is a hope based on Anthony Hayes public statements, but I cant prove it.
I also believe that the people who set up the reverse merger and the initial financing are greedy #$%$s, because they knew how to set up the pump and then the dump, they had done it before, and it is documented by Greg Miller. I don't know if Anthony Hayes is a #$%$, I don't think he is, and I don't think Brett Maas is a #$%$. I do think Mr. Hayes knew that he was dealing with rotten apples, and I think he could have seen that retail shareholders were going to get really hurt, though I can't be sure, I just have to assume that the man has some advanced level of financial intelligence. He is a patent lawyer and he worked on wall street! I can tell from the way he communicates with shareholders that he does not care about them, he is taken care of through his share bonuses and salary. He is planning to dilute as soon as he can.
I think the gig is up, and the only thing that saves us suckers is a successful markman.
I don't know if yahoo senses it is a copy paste, they have some programming that won't allow that post to go here. So i will rewrite the points of my email in a different way...
Put another way I think it is unethical for Anthony Hayes to mix Spherix with the words Microsoft, Apple, and 4.5 billion in one sentence. He should rather say he purchased some patents from these companies for shares and cash, thereby those companies are already monetizing those shares, for example through these 20 million dollar payments.
I also don't believe Mr. Hayes should claim that Spherix is "backed up" by Apple,Microsoft, etc., without specifying how they are backing up Spherix. I challenged Brett Maas to provide me the date and time of even just one phone call between any of these giant companies and Anthony Hayes, where these companies were backing up Spherix.
I have even more interesting information, but I don't want Spherix to know about it, so I won't post it here yet.
I encourage everyone to post what they think is suspicious about this company, but please post concrete and specific examples of what you suspect, not just overall statements. If there is someone who has gone through all those filings, and can connect the dots of how this was a pump and dump, please post here.
Otherwise, I am a shareholder and do not plan to sell, I am just raising my own awareness and that of others and trying to understand how the hell this happened the way it did. It just is not right!
To get us started, the following is an excerpt of an email I wrote to Mr. Maas:
...The history of what this company did is there, and we have to dig it up again. We want to understand if there was a conspiracy of any kind involved in suppressing information regarding the overhang, and the pumping of price through coordinated publications of articles just prior to those conversions which crashed the share price.
The biggest risk of owning SPEX was the overhang, and never was this made clear to ordinary shareholders, except buried in some filings. What was promoted on Anthony Hayes corporate investor presentation slides was how small SPEX valuation looked versus the big valuation of other companies. I called you people out on that already, that it is unethical to show that, since you don't know if these companies are the same, in terms of number of patents owned, etc. I know I am right about this, and those slides were there to suggest how cheap the market cap of SPEX was versus the others, and that was unethical to lead investors to draw conclusions like that.
I also in numerous emails queried about timelines, awards, and to get better understanding of overhang, and never were there proper replies to these in retrospect fair and reasonable questions (some questions you have not seen). Anthony Hayes is on record saying they vetted each of the patents and had a very good idea regarding what they expect from each of them. But he can't give guidance to investors, suddenly it is all a secret, even the aggregate information on them. If we find out that those convertible share sellers had this knowledge, then existing shareholders will make sure justice is served.
...to be continued next message
As I wrote, I am still a shareholder, and I know, that should this company do well at the Markman, we will have an opportunity to cut our losses. For some shareholders, they will never see their money back again. For people who bought at 90 cents, they may make a fortune, good for them.
My interest in posting here is that we shareholders need to organize a "watch" of this company and Mr. Hayes, and bring to the board serious evidence of prior potential misdeeds. I want this board to serve as a repository of this information, I will collect this information. It is possible we are going to lose everything, or we sell and then the share price explodes higher after we sold. In any case, if any of you purchased these shares due to a pump scheme, I believe you are entitled to damages.
Thanks for that blog from Cody Wilox. Makes one wonder. My play will be to sell the amount invested at a set price. Then whatever happens with this speculative play will be with house money. Let's hope for the best.