Saturday, March 4, 2017

Can we see the Horizon?

 All of the parties have agreed to conduct a private mediation in an effort to fully and finally resolve all claims among them. 

1691 GreenShift Request for 30 Day Extension of Filing Appeal

1692 Order Granting 30 day Extension on Filing Appeal

Skunk

13 comments:

nobody123789 said...

Skunk,

Your long journey may be coming to an end. It appears that DVG/ICM know that they will get killed in the Federal Circuit and will do what ever is necessary to keep some control -- which is what a settlement provides.

Anonymous said...

They got each other in a headlock. One side had nothing to lose and the other has everything to lose by taking it to appeal. I guess that puts the party with nothing - in somewhat of a left-handed advantage.

My guess - and it is only that - that any DVG/IBM settlement offer will be an undisclosed cash settlement in exchange for Greenshift giving up patent rights.

I can see the actual patent owners not willing to sign anything that gives up the patent rights/cash flow over time.

However (enough) cash heals all wounds (at least in business).

nobody123789 said...

Undisclosed cash settlement with a publicly traded company? SEC Form 8-K?

Anonymous said...

Remember the patent owners are no longer employees of the public corp. A bone thrown to the company and steak to the patent owners? Sorry if experience has taught me to plan for the worse (and still hope for the best.)

nobody123789 said...

If that was true GERS would have no standing to file for infringement. I think that the arrangements are far more complicated. Also, GERS recently used the patents as collateral. I think you are correct that patent "owners" are no longer directly employed by GERS but the patent rights remain with GERS and KK pays them a portion of the royalties.

Anonymous said...

I cringe every time I see McKinney's name...

Mediation sounds promising, let's see what happens over the next 30 to 45 days...

nobody123789 said...

Do not have that much time. The window to appeal has only been extended to March 20. There is a settlement by then or the appeal will be filed -- something clearly that DVG/ICM do not want and why for the first time in eight years they are talking settlement.

Anonymous said...

My point was, they could settle and we may not know it for 30 to 45 days until all the T's are crossed and the I's are dotted... Does 25 to 30 days make you feel better...

nobody123789 said...

With the level of communication we have experienced here in the last many years we may NEVER know what has transpired. The only hope we have is if the attorneys believe that an SEC Form 8-K is required in order to be in compliance with SEC laws and regulations.

Anonymous said...

Today marks the end of the 30 day extension, time granted for private mediation. Ohhhhh to be a fly on the wall in those discussions. I wonder if all the companies the ICM indemnified are pressuring them to get this over with?

nobody123789 said...

Nope, the extension is to March 20th -- see 1691 filing.

Anonymous said...

I have had this stock for 4 years or so. I bought it at ten cents a share and it quickly went up to 20 cents a share before plummeting to under a penny. It has been there ever since... I was thinking about putting more in now with how little the stock is worth. Do oyu guys think it's a good idea?

nobody123789 said...

Can't advise you. The play here is the litigation and the success/notoriety, if any, that might come from it. It does appear that some closure will be coming soon in that regard. Chances? Better than a state lottery, less than a crap game.

 
Free Blog CounterTamron