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Quicksilver Resources Inc. Message Board

bears_bulls2007 22 posts  |  Last Activity: Jul 9, 2014 12:23 PM Member since: Aug 9, 2006
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  • Reply to

    What a piece of #$%$ this stock is.

    by shaboe Jul 7, 2014 2:35 PM
    bears_bulls2007 bears_bulls2007 Jul 9, 2014 12:23 PM Flag

    ocman.. not sure why you are so angry and insist on misrepresenting the truth and then try to speak of the truth... when in fact you dont seem to understand the case... USAA is not asking for monetary relief other than that of requesting a court order for relief from paying Mitek for infringing on the Mitek patten. The basis of claim from USAA for this relief is that Mitek utilized Proprietary Info from USAA to develop the patten... this is not a case about the legitimacy of Mitek holding the patten but rather USAA feels that there contribution in the patten development by Mitek should grant them priviledges to use this patten with support for free... that is it that is the case in a nut shell nothing more. I am deeply familar with lawsuites that surrond "POPI" Protection of Proprietary Information... the standard was set many years ago in a case Motorola Semiconductor vs. Fairchild Semiconductor... this case involved something very similar in that Motorla lost key exectutives to Fairchild and made the claim that these executives stole and took Motorola proprietary information along with them to Faichild. The court ruled in favor of fairchild (meaning court found Motorola had no prioprietary Info)... the finding by the court indcated that every single document a company generates has to be classified into a security level ... lowest being general information with the highest level being high security. Access to this documentation also has to be incorporated into the process of this type of protection... for example a document would not be recognized as proprietary if all employees at all levels have access. In my opinion there is no such thing as Proprietary Information... From the USAA case i have not seen a claim by USAA that Mitek was in breah or even signed a nondisclosure/proprietary agreement...Why do you think Coke and Pepsi guard there secret formula so close even to the point no one individual even knows the whole formula.

  • bears_bulls2007 bears_bulls2007 Jul 9, 2014 9:25 AM Flag

    I am afraid I cant answer your question.... i guess it made some press at the time. Have you checked livedeal? symbol... live... i dont have a buy or sell opinion but check it out and look at the the PR from this company... it is constant it is like a PR machine.... i would like to see DSS learn somethng from them when it comes to making noise in the market... it is hard to beleive that nothing has come from the company in light of the Alice vs. CLS Bank ruling... not a peep... this creates an information void and people begin to make up there own information... makes no sense at all. I certainly hope that ths PR firm that now represents DSS is paid by the press release and not on some form of contract getting paid for doing nothng.

  • Reply to

    Short now

    by bears_bulls2007 Jun 24, 2014 5:08 PM
    bears_bulls2007 bears_bulls2007 Jun 25, 2014 2:43 PM Flag

    this is from the same 10Q you mentioned above.... this identical statement is also included in there Form 424B4 filed March 7 2014.... i hardly consider $350 million as "not material" They dont have enough cash on hand to cover this expense.

    Litigation

    In the ordinary course of business, the Company may be involved in lawsuits, claims, investigations, and proceedings consisting of intellectual property, commercial, employment, and other matters. The Company will record a provision for these claims when it is both probable that a liability has been incurred and the amount of the loss, or a range of the potential loss, can be reasonably estimated. These provisions are reviewed regularly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information or events pertaining to a particular case. In the event that one or more of these matters were to result in a claim against the Company, an adverse outcome, including a judgment or settlement, may cause a material adverse effect on the Company’s future business, operating results, or financial condition.

    The Company believes that liabilities associated with any claims are not probable and any reasonably possible range of losses cannot be estimated at this time, therefore the Company has not recorded any accrual for claims as of March 31, 2014 and December 31, 2013.

  • bears_bulls2007 by bears_bulls2007 Jun 24, 2014 5:08 PM Flag

    Shorted yesterday... this is getting ready for big tumble.... finally court hearing... DSS vs. Coupons for PI .... hearing begins tomorrow should be slam dunk... DSS asking for $350 million plus for PI..... i suspect once coupons losses this case and ponies up... shareholders will sue coupons for not divulging the law suit... started back in 2012.... this is going to sink like a rock... only 80,000 shares left available to short. and Goldman new about the lawsuit why no mention in the prospectus is beyond me... you may want to consider shorting Goldman as lead on the IPO they should have ensured this was included in prospectus

  • bears_bulls2007 by bears_bulls2007 Jun 23, 2014 11:09 AM Flag

    Seems that MITK with 25 million in revenue (excluding Litigation) is very very close to their break even number... with Mobile deposit at least.... when do we get to 1 billion transactions? over 2200 customers signed on for mobile deposit... this would average 500,000 transactions per customer, I know we have seen some banks indicating a couple of million transactions per year with this technology. I have seen 8 cents per transaction bantered around here so using this number...
    1 Billion transactions (Photo deposit only)
    8 cents per ... revenue 80 million
    i am estimating that for this product incremental cost slow significantly after break even (25 million is break even andd an additional 10 million in expenses for support of this level of volume) brings expenses in at 35 million
    Profit 45 million (80 million revenue)
    26.8 million shares outstanding
    EPS 1.68 (in line with the Alpha article)

    When do we hit 1 billion transactions?

  • Reply to

    Short Data

    by longerthanlong May 27, 2014 3:17 PM
    bears_bulls2007 bears_bulls2007 May 27, 2014 4:46 PM Flag

    here is is the May 15 short position:
    5/15/2014 short 6,481,725 avg vol 415,233 days to cover 15.609850

  • bears_bulls2007 bears_bulls2007 May 27, 2014 3:47 PM Flag

    h8... let me start by saying thanks for your postings especially the short info that data is great and helpful.. if you don;t mind posting who your provider is that would be great also... i do recall it is a service you pay for.... as for the post above... i am hoping that MITEK backs USAA into a corner just as you have suggested and adheres to their demands even if this means taking it to trial.... monies spent in a prevailing trail is money well spent and does set the tone for the future... money spent now will be money saved in the future.... we also have TISA next and i beleive their maybe a credit union up north which the old USAA Information officer moved to that also sells to credit unions and has launched a mobile picture deposit.. gee wonder where he got the technology from ...i think that MITEK will serve its shareholders well taking this to trial and shutting the door on any futre thefts....just my opinion spend a little more now save a lot down the road

  • bears_bulls2007 by bears_bulls2007 May 15, 2014 9:37 AM Flag

    are you still out there? Are you still following KWK

  • Reply to

    Summary Judgment

    by kehrmin May 14, 2014 9:04 PM
    bears_bulls2007 bears_bulls2007 May 15, 2014 9:33 AM Flag

    Thanks so much for your hard work and sharing....keeping us all up to date is very informative and i like the fact you let us know with out any spin.... truth is reality whether we like it or not... thanks again!

  • bears_bulls2007 by bears_bulls2007 May 8, 2014 11:14 AM Flag

    I believe the Alpha article reconfirms the longs on this board and what many of us has been saying .... what ever the shorts are doing is they do it well... i have been checking the SHO list and they are never mentioned...
    Analyst Legal cloud... i spent a great deal of time looking through the USAA lawsuit... if this is the best the shorts have to go with then wow are they in big trouble....if we assume we (Mitek) losses each item in the suit and USSA prevails on each item this is the outcome:

    Mitek reimburses USAA $400K for Lic. fee they have paid in the past

    USAA would be allowed to continue using the software for free (no updates of any kind would be included so what they have know is it)

    Reimburse perhaps $1 million to USAA for legal cost

    That is it, how would this impact mitek:
    they write a check for $1.4 mill (they have approx. ($28 mil in cash and short term investments)

    They retain full ownership of Patents (USAA is not asking for anything related to this other than a free ride using the software)

    Mitek would not be allowed to bill USAA for using the software (they stopped paying for it a long time ago and continue to use it)

    Other than not billing USAA and writing a check that is Mitek's exposure to a loss on every account in the lawsuit

    If MITEK wins:
    They keep the $400K paid for Lic, they bill USAA for the years of use and not paying , USAA covers legal expense

    there is no downside to a loss from current position only upside should they win which JD feels pretty strong that they sit in the drivers seat. I want to reiterate that no where in any of UsAA filings that they are questioning the legitamcy of MITEK's patents

  • Reply to

    Analyst Moved their numbers

    by bears_bulls2007 May 6, 2014 3:45 PM
    bears_bulls2007 bears_bulls2007 May 7, 2014 2:19 PM Flag

    aaron... you may be right but they still play a roll and do influence behavior... we do still have 1 analyst that is very high on Mitk

    as for pricing Steve... i think over time this will play out but in the early stages which we are in now i suspect there is little structure in the pricing model... meaning prices are not consistent accross all banks and if pricing were to be revealed some of the current customers (banks) may get upset.... the other factor which is what i believe the BIG factor is high margins and high profits will attract competition, this way (low pricing) keeps more competition from trying to move in. Once banks get comfortable and their banking clients adopt this banking technology, which i beleive happens in time.... the banks should realize some savings and at that time price stability should be introduced and likely will which will create a cash cow in Mitek... Banks dont move to quickly changing out vendors or adopting technology so it is very very impressive the adoption rate success Mitek has had is amazing next step is to continue to see more and more transactions by bank clients, some savings as a result for the banks and then mitek can share in those bank savings via price increasing... I think we are still a few years out from very high margins but by then Mitek will be inbedded in the banking system and pretty hard to compete against even at a lower price point.

  • Reply to

    Analyst Moved their numbers

    by bears_bulls2007 May 6, 2014 3:45 PM
    bears_bulls2007 bears_bulls2007 May 7, 2014 10:39 AM Flag

    Hey visx... i generally give people the benefit of any doubt... although you may be very very right, the way wall street runs today.... in defense of the analyst.. JD does not help the cause... i still think many are trying to get their heads around how exactly revenue is generated and i sense based on the questions last EC (none) that they have given up asking and now leave it up to JD to disclose... another mishap on the EC would have been to present some numbers without the onetime charges (legal related expenses) to demonstrate how close to profitability they are now... they did discuss these charges but one slide would have gone a long long way.... There are certain times when a CEO is willing to let share price slump for personal gain, i am going to leave that statement at that for now. It would be nice to see management pony up some personal dollars and buy if they feel (as we do) the current share price is significantly undervalued and the demonstrate their confidence in the lawsuit going their way...that would just be common sense and a great opportunity for them to make some big dollars on a personal basis as well... i am sure they all have some form of stock portfolio

  • Reply to

    Analyst Moved their numbers

    by bears_bulls2007 May 6, 2014 3:45 PM
    bears_bulls2007 bears_bulls2007 May 6, 2014 5:42 PM Flag

    i think in other sections it states 4 so i assume it was 2 of the 4 that reduced expectations

  • bears_bulls2007 bears_bulls2007 May 6, 2014 5:33 PM Flag

    I would like to add... if there is no news recirculate old news like 2200 banks on board, billions being deposted via this technology, MPBP now being adopted in industry ... keep the presses churning... something every day

  • Reply to

    Analyst Moved their numbers

    by bears_bulls2007 May 6, 2014 3:45 PM
    bears_bulls2007 bears_bulls2007 May 6, 2014 5:12 PM Flag

    I do hope you are the one that is right.... the pps target info is on the yahoo finance page under the expanded view of MITK right there for everyone to see just a few days ago this was $6.50 or there about.... downward revisions are on the "Analyst Estimates" link.... looks like 2 analyst reduced their expectations ... no info on which of the analysts made the change but this info is very visible and does not help the situation at all.

  • bears_bulls2007 by bears_bulls2007 May 6, 2014 3:45 PM Flag

    I guess analyst had to issue a buy at these prices or change their expectations... not sure if anyone noticed but the old mid $6 stock target price is now a mid $4 target price.... it also looks like they have increased the expected losses for both this and next fiscal year.... next fiscal year... sept15 is now expected to be a loss of $0.23/share prior expectations were a loss of $0.13/share...likely why no analyst questions... they dont get answers needed to model the company's growth...so why waste their time, kind of attitude... i dont think we are going to see the shorts leave anytime soon... it would not at all surprise me to see some other large holders bail unless JD takes the pulpit and starts providing some forward guidance and put a steak in the ground as far as profitability goes... some hear believe we are on the verge of profitability now, it would appear to be the case in my opinion as well but it is apparent that the analyst dont agree with this and dont see profitability for at least a few years yet, so lets all hope JD is in it for himself as some have suggested and begins to work wall street with the same success he has worked the banking sector

  • So numbers look ok no disapointment with analyst expectations.... analyst have $6/ps price target on these met expectations... so market is competely disconected with share price right now. continue to show top line growth with more to come. The most amazing thing in my opinion is the balance sheet which no one is cheering about... cash and receivables at $30 M.... not much of a cash burn rate quater over quarter so they have staying power for sometime if shorts are thinking something else. The single biggest item that grabs my attention is the increase by of $1,000,000 in deferred revenue... by the way deferred revenue accounts for 50% of the company liabilites... this is money in the bank.... watch the clock tick and then you bill... outstanding.... now 2200 institutions signed up... i dont know of any other product on the planet that has gotten into over 2000 banks that is worth a lot $$$$ in it self.

  • Reply to

    Short Interest

    by bears_bulls2007 Apr 28, 2014 10:16 AM
    bears_bulls2007 bears_bulls2007 Apr 28, 2014 11:02 AM Flag

    thanks for your reply.... not sure who reads this stuff.... just real info and one can do as they wish with it.... i think the bigger point is that between March 31 through April 15 an additional 648,066 shares have been shorted this represents a 9% increase over the 10 day trading period

  • bears_bulls2007 by bears_bulls2007 Apr 28, 2014 10:16 AM Flag

    As of April 15 shorts shares oustanding 7,626,815. Shares availble to be used by shorts today is 65,000

  • bears_bulls2007 bears_bulls2007 Apr 24, 2014 10:04 AM Flag

    Agreee i was hoping for an april EC, but pushing up earnings a few days to a week i beleive is still a good sign. I really would like to see more communications from the company especially since this latest short attack... Even if it means recycling some old news with different slants.... Be bold and take the shorts on "call them out" so to speak. Growing revenue well positioned to win the lawsuites, adding more product lines, incredible, I mean incredible adoption rates among banks and their customers.... I just checked the short stock available and now down to 15,000 shares... I have also been checking the SHO list and Mitek has not appeared... so what ever the shorts are doing they are doing well at least in the short term... like you i am buying up the cheap shares.... I have no concerns about their patents as these are not "process patents" which is the concern with CL Bank vs. Alice currently under review by the US Supreme Court and will have no bearing on Mitek Patents regardless of that ruling... this seems to be an excellent buying opportunity that has been created .... perhaps a share buyback announcement comes with earnings call... certainly would show confidence from their perspective with the lawsuites underway and the future growth of the company remains on track.

KWK
2.40-0.020(-0.83%)12:37 PMEDT

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