I don't think news will leak out because of the non- disclosure agreement. The court is very strict about enforcing those agreements. However, I do believe that the first notice of a cash settlement will be a dividend announcement. Information has to be released quarterly, not necessarily itemized this company paid this amount, or that amount but more like a grouping of settlement so no one knows who paid what. Since Spherix is obligated by the non-disclosure and cannot announce it in a PR they will not, but nothing can stop them from issuing a dividend. If they want to catch those pesky shorts off guard it would be the perfect time to do it.
Seems to be pretty specific. They stated it that way because if there has been naked short selling, and the shares are phantom, the person shorting has to pay the dividend to the lender. The person shorting will never get paid a dividend and on a normal short sale the dividend is surrendered to the lender.
" If the borrowed stock pays a dividend, the short seller is responsible for paying the dividend to the person or firm making the loan."
If you can short a share that does not exist, you can pay a dividend on it.
Shorting a company like Spherix with a low float and an announced plan to pay dividends is fools play. Things can get out of hand lightening fast.
What an idiot. Turn in your KGB badge. I heard the Soup Nazi restaurants were next on the list.
I wish the pre-school would keep a better watch on their computers during play time.
And that is why there are new longs in town to straighten stuff out, including you. Some people walk through life never knowing what is around them, never notice changes in conditions, and never think those changes will effect them.
" You can fool some of the people some of the time, and all of the people some of the time, but you can't fool all of the people all of time."
Unless all of the people are just like you.
Don't holster that gun, you'll shoot yourself in the foot every time.
5 million volume already today and somebody helping shorty get out, is great and bad news, but we're headed in the right direction. The glass is half full and is about to spill over, be happy about your near term success, or cover because you are short. Just learn to deal with it . The past is not the future, you are either happy about the prospects, brainwashed by shorty, or are a short.
Cheaper to Frack than fight. Cappies are a lot cheaper than buying and maintaining a fleet of tankers, and having a Navy fleet to protect them. To the Moon Capstone. All you moderate Arabs better learn to fight for yourselves, Uncle Sams been punked too long.
The only cheating being done is in taking your money. You'll be whining about that for years to come. Prepare yourself, you don't seem to handle controversy very well.
Must be shorts running the price up so it has further to fall (wink)
Can't make dumb and dumber happy no matter, so why try,I say just take their money. If you have to hear whining it might as well be worth your while.
I would image if they closed a $230 million dollar sale that would discourage you also? lol There is no difference really. Since they are sales in waiting.
From Seeking Alpha
"This increase in the service contract increases support backlog by $55 million, in addition to the $175 million product backlog. This backlog totaling $230 million represents over half the current $392.39 million market capitalization."
You mean to tell me that the sky isn't falling afterall?