Be Ah-fwaid!
This is cute. Seems the giant company, Teilhard Technologies, (come on, you remember them? I mean, who hasn't heard about Teilhard?) is out to let you know, you don't mess with Teilhard! Need a little reminder of just who the hell they are? Well, it seems that theyre the company who went and applied for a patent on a "SYSTEM FOR TRANSFORMING AND EXCHANGING DATA BETWEEN DISTRIBUTED HETEROGENEOUS COMPUTER SYSTEMS" (exact wording taken from their website) We're talking something that's already been around for a while. Some moron down at the patent office simply stamped the papers to give ownership rights to a johnny-come-lately. Now Teilhard wants to charge others a fee for using their "intellectual property". I'll be the first to admit it - I ain't no computer guru, but my understanding of all this is, Teilhard has basically taken out a patent on sending office memos. That's not why I'm writing this though.
Let me get to my point. I went to their website to see for myself what someone else had told me about, in the midst of a whole lot of laughter and guffaws. It's true. Teilhard does what damn few others do, and lists their "legal team" right up front and centre. I assume that's to make sure everyone gives them the proper respect. It's kind of like telling others that you play their way or they'll take their toys and go home. Then, they'll come back and get their lawyers to beat up your lawyers.
What is that, guys? Why do you feel the need to TELL EVERYONE you have a legal team? Doesn't everyone? They just don't all shove the news in other people's faces. Alright, alright, if you really have to get that news out, then I think you could do it more effectively then you do right now. Consider using some animation. I can see it now. Visitors to your site scroll down the list of fascinating facts to learn about your business, and find themselves looking at a teensy-weensy neanderthal, brandishing a cudgel and making menacing grunts. When they click on the wee wild man, they find themselves being introduced to your legal team. You have to admit, it would pack more punch than what you've got there now!
Let me get to my point. I went to their website to see for myself what someone else had told me about, in the midst of a whole lot of laughter and guffaws. It's true. Teilhard does what damn few others do, and lists their "legal team" right up front and centre. I assume that's to make sure everyone gives them the proper respect. It's kind of like telling others that you play their way or they'll take their toys and go home. Then, they'll come back and get their lawyers to beat up your lawyers.
What is that, guys? Why do you feel the need to TELL EVERYONE you have a legal team? Doesn't everyone? They just don't all shove the news in other people's faces. Alright, alright, if you really have to get that news out, then I think you could do it more effectively then you do right now. Consider using some animation. I can see it now. Visitors to your site scroll down the list of fascinating facts to learn about your business, and find themselves looking at a teensy-weensy neanderthal, brandishing a cudgel and making menacing grunts. When they click on the wee wild man, they find themselves being introduced to your legal team. You have to admit, it would pack more punch than what you've got there now!
122 Comments:
These 'twerps' are almost as audacious as the SCO Group. The SCO Group is suing IBM and business users for using Linux, which SCO claims infringes on patents they hold. Funny thing is, SCO doesn't have any UNIX patents, much less any that they can sue anyone for infringing on. SCO licenses UNIX like most other software vendors.
Got to love companies that just want to skip the hard work to make their profits and go right after the profits of others. As far as I know, only the government, via taxes, and thieves, via unscrupulous methods, can help themselves to others profits. I guess that's why you need a legal team.
I'm not sure how that would work, seeing as they do not have their information on the very first page, but on their "about us" page. If you are dealing with technology and new electronics, you would want to be protected. This is for the new technologies you really DO invent.
Yes announcing it may be a little in-your-face, and so would creating a patent for an office memo, but if the patent office accepts it, it just shows how many stupid things you can get away with. I think I'll put in for a peanut butter sandwich patent.
This is what the technology industry is all about, acquiring patents and suing other companies. Just look at what's going on right now with RIM. A new patent infringement claim comes up almost every day. At least Teilhard develops actual software. A lot of patent infringement claims involve companies who don't actually produce anything, they just hold patents.
The patent applies to Extract Transform and Load technology. It's a little more involved than just exchanging office memos. If you think this patent is outrageous then you really haven't been paying attention to what's being patented these days.
You're going to see more and more patent fights in the future. The big tech companies in the US are pushing for stronger patent protections. They're also lobbying hard in Europe in an attempt to get the EU to adopt US style software patent laws. A common tatic these days is to acquire patents in order to get leverage against companies who may be suing you for infringing other patents.
I don't find it so offensive that their legal team is listed. The listing is buried under the About Us heading which seems to list everyone associated with the company. The listing is likely there more for investor re-assurance than anything else.
I'm not sure I understand all the fuss. The patent was applied for in 1997 (right on the site in plain view)when present day ETL was in it's infancy and, wouldn't you patent something if no one else had thought of it first? It took 4 years for the US patent bureau to approve and almost 6 years for Canada. I'm just another anonymous (not sure I want to create a username yet)here but if someone patents the windsheild wiper (and they did, and made a nice sum off of it), should we be calling them the devil and "TWERPS" too? There are far more examples of complex, "no brainer" patents out there that are just as justifiable as the Juxtacomm one. I'm just sorry I couldn't invest in them...
RTFP. Cdn Patent 2,241,767 is for integration of legacy data and does not cover inter-office memos.
I realize limited mental capacity (and perhaps even a proper relationship with english) can be a barrier to understanding the rather obtuse language of patents. However, one should nevertheless control the urge to engage in a tenuous criticism of something without the the necessary foundations for understanding.
Anonymous ... see my comments here. You're obviously an employee of Teilhard, or a shareholder, who wants to see their investment in ripping off other companies of their labour, rewarded. You're engaging in nothing more than propaganda at this point, and I think you are protesting just a tad too much. Admit it, you're theives trying to use the courts for your own ends.
Here's to you losing all of your investment!
You sure seem worked up Andy...must have missed a big opportunity in the past and seem just a bit too...oh perhaps bitter or jealous. As pointed out by some of the other comments, not only does Teilhard actually have the patent and have developed the software, years ago.
And 'fuck you' is the best you could do??
Worked up? Nah. Bitter? Jealous? Nope. Far from it. I'm actually quite elated to find that Teilhard still has investors like yourself, that continue to make this post popular. The more that learn about patent trolls, the better. I would never fund a company like Teilhard, that profits from the labour of other developers.
Pelon, I bet you also have shares in companies that use sweatshop labour and abuse the environment. People like you should be flogged publicly. ;-)
Actually I am broke unemployed and live in a third world country. I do have some personal knowledge of the history of Teilhard and some of their principals. But as what they do is really none of your business, I find your comments, somewhat too much for simple observation or investigation.
Furthermore comments such as yours."...flogged in public..."you should get into politics if you want to piss against the wind with prejudice and bias
How would anyone know anout this unless they had an interest in Teilhard? Andy, did you say 'no' to buying in?
Oracle seems to have a healthier respect for Teilhard than you do, Andy.
OK ... I find it hard to believe that this is still going on. So, in response ...
To anonymous putz: one can have an interest without being financially motivated. It may be hard for a Teilhard investor to understand an interest that is not financially motivated, but then again, that's my point about Teilhard.
To anonymous dufus: Larry has no eyebrows, has a funny voice, and plans to take over the world. Bwah-ha-ha-ha. Larry also happens to be quite an astute businessman. Obviously, it wasn't worth his time to be embroiled in a lawsuit. It was easier for him to just pay off Teilhard. For those who don't know what anonymous dufus speaks of, check out: Oracle and Teilhard Reach Cross-License Agreement.
But it wasn't Teilhard that initiated the lawsuit. It was Oracle, last May.
hummm, what does this all really mean dudes?
I wonder. A guy with no eyebrows and a funny voice who just happens to be an astute businessman running the largest enterprise integration company in the world sues a small insignificant Canadian company and ends up giving this company access to several Oracle held patents and an undisclosed sum of cash.
Larry knows the way. Strike before the enemy strikes. Obviously Teilhard wasn't going to win, but if you're going to spend money, might as well get a pawn and a scapegoat. My bet is that Larry is going to use Teilhard. The man is devious.
BTW ... I still can't understand why the Teilhard people are hiding. At least use a pseudonym so I can tell if it's the putz or dufus I'm dealing with.
Strike before the enemy does? The very act of going after such an insignificant foe by such a large company is in itself significant. Why would Oracle bother itself with a company that probably didn't have any resources to go after anyone, let alone the biggest bully with the meanest reputation? How far did Teilhard get with Data Mirror? If Oracle felt that Teilhard was worth going after last May, that tells me that Larry has a different view of Teilhard's significance than you do, Andy. Oracle could have just pretended that Teilhard did not exist, and nothing would have happened. Teilhard had no resources to go suing anyone. Data Mirror, a much smaller player in this game was successful up to now in brushing off Teilhard.
It is simplistic and most likely incorrect to assume that anyone who disagrees with your perspective is a Teilhard employee or shareholder.
Hello Andy. This is dufus. Sorry I am anonymous, but today is the first day I have ever posted to a blog in my life, so I need a little more time with my anonymity.
Andy is right to be cautious, based on Oracle's past behavior. It is not wise for David to get to cocky about dealing with Goliath.
To anonymous dufus: Welcome to the blogging thing!
To anonymous 8:36 PM, February 10, 2007: Exactly. Why would Oracle even bother? Then just as easily capitulated and give Teilhard money. Even to some degree, by their actions, legitimize Teilhard as a company. Larry isn't in the business of propping up other software companies (although calling Teilhard a software company is a stretch). Larry is in the business of crushing software companies or swallowing them whole -- sometimes both. I think Oracle is using Teilhard and Uncle Larry is currently chuckling.
To anonymous 8:43 PM, February 10, 2007: Where Teilhard is concerned, I'm not being simplistic. ETL itself, I'm sorry to say, is not the sexist enterprise software -- it's very boring. For anyone to continue to be interested in defending Teilhard, especially here, they've got to have financial interest. My interest in keeping this going has long morphed from my disgust of patent-trolls, to sheer amusement over this ongoing debate.
If Oracle swallows Teilhard, and in the process gains their patent, and then goes after other companies on the strength of that patent, does that make Oracle a patent troll?
Get a grip. They're using a process we own and hold the patent rights too. If the courts say sending your interoffice memos is part of that then pay us a royalty and quit bitching. Hand write your memos for all I care. If your a shareholder this is great news about Oracle because they're the most letiginous company out there. They caved and settled. Watch for the other big 5 to do the same. No Larry didn't swallow Tielhard it stil exista as before (just richer) And if your not a shareholder just quit whinning. Sucks to be you.
To Ken - Assuming for the moment that Teilhard has won, it is still inappropriate to dance on the body after you have won the battle.
re: anonymous 10:35 PM, February 11, 2007 Larry is good at litigation ... but even he may have trouble swallowing a troll. Most likely, Larry will get on the troll's back and ride it into battle. Larry knows the benefit of having a big dumb rock in his camp, and will use it as long as it serves his purpose.
re: Ken ... you sound like someone I know.
OK for the record yes I have shares in the company, I bought them for peanuts 4 years ago. (and Dabydeen) I'm not Ken as in Ken Prather the CEO of the company but maybe we met sometime, I used to post as Marleah on Stockhouse but I never even knew what a blog was till 2 weeks ago, HA! and here I'm invested in a software hi tech company! But let me add a couple things here. Larry is running the most letiginous company in business today. They heard a rumor that Teilhard was thinking that Oracle and others were infringing so the pecker makes a pre-emptive stike and sues first! But not only did the courts side with Teilhard, Oracle caves and they reach an agreement wherein Oracle (the initiator) has to pay a settlement to Teilhard which is an acknowlegment they were infringing on Tielhards patent! The point is Larry and his company didn't win nor did they swallow Teilhard. I think it's notable that a company like Oracle can afford the best legal team money can buy in the world and yet they lost, that patent we own is airtight. Further, it's abundantly evident to all the other companies out there that are also infringing, that if Oracle with their appetite for lawsuits and all their money and lawyers capitulated, it's unlikely they would win. They'll all fall like a house of cards and pony up penalties and royalties (and I'll retire) Oh, and maybe you want to short your shares in Data Mirror, this Oracle news means there will likely be an office vacancy and some business for a trustee in bankrupcy. And my apologies to anonymous for appearing to dance on the body but heck, when David knocked Goliath down with a stone, he walked up to him and killed him by cutting off his head! Dancing seems so much more humane. Shucks, I waited 4 years while my friends mocked me, allow me to gloat for a week or two.
And one could carry the David and Goliath analogy further by looking at a theme common in literature - the small and the weak often triumph over the great and the strong. This theme shows up in Lord of the Rings and Harry Potter, for example, as it does in Teilhard and Oracle.
Alright anoynomous...well said. Where's are the naysayers and party poopers?
Neysayers are blogging with "David" on another site Mr. Goliath.
http://www.teilhardtechnologies.com
That other blog is just a bitching forum. The Teilhard shareholders are more positive on this forum, but they air their insecurities elsewhere.
it appears that many of you "nay sayers" are suffering from cranial rectal inversion. If you did any research at all you would know that Teilhard holds a valid patent that is being infringed on by many companies involved in the integration market. If you think wanting to capitolize on a patent makes you a patent troll well to bad for you. As well, people like Brian Mulroney, and many of the current investors are not idiots who blindly throw their money and support to a company that is going to drag their name through the dirt. So, quit your whinning because you weren't astute enough to invest and check your mouth at the door until you actually have the slightest idea of what you're talking about
Help, I'm Carson from the blog. Where else can we talk?
Hello Carson
This site might appeal to Golfnut1956, Asus, et al, since it takes a negative spin on Teilhard.
Your optimism is sure to irk Andy Dabydeen, who appears to be the parallel to Asus here. T_W
Hi Carson,
I 'monitored' the blog in an attempt to glean information. Like others, I did not appreciate the negativity nor the derogatory comments. If you find a place 'to go' hopefully it can be found by other interested parties.
Kennymac
hey, I believe something really big is about to pop. Watch the Aiken Gump law firm for announcements. We're rich.
Yahooeeeee
If anyone is really optomistic about teilhard, I have alot of shares for sale cheap.
You guys might want to be careful about what you say. Someone upset David and they shut down the other blog site.
Wow ... so much babbling about nothing ... and a totally unrelated matter, SCO lost ... ROTFLMAO!
a lot of babble about nothing?? Aiken Gump has a truckload lawyers working on the Tielhard case and they don't seem to feel its about nothing. Also according to another blog they've file lawsuits against 22 other major players. Where can I get your share anonymous and how much do you want...seriously
I think you might want to hold those shares, as I believe the share price will rise, IMO. Here's the Justice filing and these are not small companies, and A-G is not a small lawfirm: http://dockets.justia.com/docket/court-txedce/case_no-2:2007cv00359/case_id-104841/
Yup..this is going to be interesting...Teilhard has won every infringement case to date in Canada and the US even the Canadian government is on board now with the province of Sask being first..Oracle settling because they knew they were about to lose bigtime so they went with a cross license agreement and an undisclosed amount of $$)DataMirror lost to them as well and their countersuit got punted while being told to stop whining and pay what was owed...they still haven't paid up and as such are back in court. Teilhard just doesn't seem to be going away anytime soon. I wish I had $ in them! I will be cheering for you shareholders...I remember when Bill Gates made his over night millions ...he worked his butt off then overnight it went platinum and broguht his family and friends with him...i hope this is another wonderful little guy makes big story!
I'd say everyone should hold their horses, including the legal team at Tielhard. One of the companies they've sued had developed a product *before* 1997 that negates ALL the claims of the Tieldhard patent. So Tielhard is in for a rude shock when the hearing starts.
Sure- thx for that "Anonymous Tip" there. Wow- too bad you weren't the expert witness for Oracle or A-G hadn't spoken to you first. You would have saved so much time and effort. Imagine- 1000s of hours dedicated to investigating if Teilhard's patent is valid and you have the smokin' gun!! Man you have me really worried now...Mr. ...uh .. Anonymous! Let me guess...DataMirror? Riiiight...
Now thats funny! but true, shoulda done the right thing anonymouse and stepped up and told all those big old lawyers that you had a key piece of evidence that would win the game for them. What were you thinking, surely for billions of dollars (138 Billion by Aiken-Gump's estimate) you didn't expect them to do the research did you? come on man be realistic.
Datamirror lost there suit AND their appeal against the Teilhard Patent in 2005 and are still not paying up and fighting...funny...court says they lost...and lost again...wanna bet they lose it all if they don't swallow their big ol pride and admit they LOST!
Why would IBM want to pay $175 million for the Titanic (a/k/a DataMirror) then?
so whats up with the new porn/shooting star blog at teilhard.com very strange......
MIT's Technology Review is carrying an article on the hunt about to be started for patent trolls. Enjoy the hunt!
Mulroney, now Alberta's most famous drunk: Ralph Klein.
We are pleased to advise that Mr. Ralph Klein, former Premier of the Province of Alberta, has joined the Shopplex.com Corporation Board of Directors.
We are confident that Mr. Klein’s extensive experience will enable him to make a major contribution to the success of the Company.
Charlie Mayer, Chairman of the Board
On behalf of the Board of Directors of
Shopplex.com Corporation
Andy
I really think that in spite of your denials, you had an opportunity to buy in and missed it. Else why the bitterness?
Teilhard is a legitimate software development company with a patent that was taken out when ETL was in it's infancy, as was mentioned earlier. They are not patent trolls.
Why the continual denial on your part?
Old news dabynuts, try and keep pace would you, Ralphs been on for a while. How about Arthur Griffiths, another loser right? cause the Canucks haven't won a stanley cup! Hey maybe he and King Ralph went drinking together during the playoffs and that means they're both drunks!! Good thing all other companies have directors that are tea-totlers
http://blog.lustratusresearch.com/litebytes/2007/07/ibm-datamirror-.html#comment-80044455
So what happened over there? Tielhard shut down another blog...they killed the original one too altho Shooting Star was trying to revive it.
Akin-Gump is a patent troll now? Hah, tell them that. Ever read Nathan Myrvhold's statement before the US Senate Subcommittee hearing? Nathan was the ex-CTO at Microsoft for 15+ years. He pointed out that there was never any concern of patent infringement by software developers across the industry in the formative years. They were charged with creating solutions and it was 'anything goes' attitude- just be first to market! He also pointed out the paltry amounts that patent suits would be paid off at compared to the billion$ made in profits. Of course it would be so nice and convenient to say "how terrible it is for a small company to come out with a patent infringement lawsuit and bother us big, successful companies that made all of our money on....Teilhard's original idea". It's like they're yelling, "go away and keep from raining on our parade". No way- the Piper's at the Door, folks, IMO.
I'm not sure which is more sad ... the deluded that continue sing the praises of a practice that rips off legitimate businesses; or, the leeches that want their share of blood from the latest victim of litigation gone wild.
Grin...this coming from an IT guy that works in a retail environment...ummmm...Geek Squad for Best buy?? Future Shop? Like why are we expecting someone like this to understand the real world?
Just to clarify the reference above from fred (Aug 24,12.07pm) about the Lustratus Litebytes blog post discussing Teilhard - closing the post for comments was nothing to do with Teilhard as Fred's post implies. It was purely a Lustratus decision, based on the fact that despite our attempts to keep the discussion real and grounded, a small group of investors seemed determined to turn it into a wildly escalating and fanciful attempt to talk up the share value / return. We therefore deemed it no longer suitable for Lustratus Litebytes.
Looks like PC Magazine (UK Edition) has picked up the JuxtaComm lawsuit.
http://www.pcmag.co.uk/vnunet/news/2197398/juxtacomm-sues-integration
Actually it was Matt Chapman from vnunet.com and it was carried by PC Magazine.
http://www.vnunet.com/vnunet/news/2197398/juxtacomm-sues-integration
yeah, I noticed a remarkable jump in the share price in a NON-PUBLICLY TRADING Co!!! I guess there's a lot of idiots who put there money into private companies based on anonymous bloggers comments. They deserve what they get if they invest based on blogs...what a joke
Yep Fwed you shore do make a hole lotta cents. Pwoblem is nobuddies listening to ya. Twyin to still buy sum shares r u?
OK Elmer, maybe you should stick to rabbit hunting rather than stretch your limited intelligence here.
Fred, you of all people should not be accusing others of possessing limited intelligence when you yourself are incapable of crafting a grammatically correct sentence. It is: idiots who put ‘their’ money, not ‘there’ like you so ‘idiotically’ wrote. Also, it would be: ‘blogger’s’ comments, not ‘bloggers’, you idiot.
I know this doesn’t have to do with this blog itself, but when you refer to these investors as idiots and cannot even write proper English I believe it is you who comes out looking like an idiot.
can I assume 1:29 and 9:41 anonymous are two different people? to add credibility to 9:41's point that is
Anybody out there hunting for Teilhard shares at a discount? I have 275,000 shares available at 75 cents each.
Thanks!
Wait, I'll sell mine for less. Ok, any mouse...where do we find ya to buy them?
OK you can't be serious. If you are I'll buy them all...$206,250.00 right. I think you're full of crap but I'll bite. Where do I find you.
figures...no response. You're from one of the companies being sued of course because you can't sell the shares for less than $1.00 which the companies board has established. Furthermore, the company has a list, a very long list, of folks clamoring to buy at a dollar (call Richard Kaye at Tielhard). Oh, and sorry about your unfortunate employers problems, sucks to be you.
Hey anymouse, once your company pony's up with the $$ they owe in royalties I'll buy all your shares with my first dividend chq. Must be a little tense at the office huh? I hear the new slogan is "Put up or Tits up"
Sorry about the delay on the shares for sale. I can be reached at Teilhard.fan@yahoo.com. I do not work for Teilhard or any companies being sued.
It is my understanding from Chris Locher of Teilhard that there are plenty of shares available at this time.
Cannot help but notice your email address ("Teilhard.fan"). Some fan. I would never email anyone at an obscure email address unless you also are on an obscure (hotmail, yahoo) email. You have no idea who is on the other end...proceed with caution. I bet you also have $50 million in an account in nigeria that is trapped and you need $5000 to get it out and you' share $25 million. Right.
Wow, some wild comments there. I invested in Teilhard some time back when the shares cost less. Let me know if you are truly interested in the shares or not. I do not want to disclose my identity on this blog at this time. If you want to post your email, I'll be happy to contact you.
Awful quite out there...
Well at least now there is another site to post on and worry over. I am a little concerned that there are supposed to be alot more shares available. Water down what I have. Very good legal team though in Akin Gump et al
pp&m
I was under the understanding that there are 90 million shares period...if there are still shares for sale then it is from those original shares(that is a lot of shares) or from people wanting out...which I think would be retarded at this point for sure.
peter paul and mary, welcome to another blog, albeit with a lower average iq. Nice to see you're here.
Carson
There are currently 85 million shares per the latest documents. However, Tielhard is still actively selling new shares. However, mine are cheaper. Teilhard Fan
So anonymous, I assume you are not a buyer?
Teilhard Fan
Nice to see your here too carson. I have soom news but probably it is to close to the bone for this blog. So here's the sense of it - Akin Gump....... told a certain person to take a powder and be quiet. Which could mean something - deal close???? or not - well the most we wait is another 17 months or so.
pp&m
I used to be on the other site. In order to raise the IQ, as Carson points out, check out this article. Best encapsulation to date. Cheers.
http://blogs.ittoolbox.com/bi/websphere/archives/juxtacomm-dreams-of-138-billion-in-lawsuit-against-etl-vendors-18710
Good article steelhard. I would disagree of course with his comments regarding the unenforcability of an "obvious" patent. Evidently so does Aiken-Gump and the lawyers for Oracle (remember that was a lawsuit before it was a settlement!)
Carson City
I found the article interesting from it's depth of info, although a small percentage inaccurate. The author gives the impression that Teilhard sued Oracle and settled for a quick $2 million. I know it wasn't quick and the $2 million mentioned came from where- another blog?
I also disagree with the assumption that in July, 2007 there was an upheaval amongst shareholders...with an attempt to replace board members and it is possible that IS the reason for accelerating this lawsuit in Aug, 2007. The "upheaval" was not very widespread and the vote in favor of Mgmt at the AGM reflected that. I also believe that the law firm moved to take action only when they saw fit.
The only reason the lawsuit has now been filed is that Aikin Gump has completed their Due Diligence and is confident they have a strong case and recommends the suit move forward. This is the time we've all been waiting for and the next 6 months will be very interesting needless to say. We all know with A/G behind us we are in a sweet position to win BIG! Those of you who don't are obviously with the "OTHER" companies or you just are plain ignorant to the facts!
The vote posted only shows the results from shares that were allowed to vote. It says nothing about the shares that management went to court to have legally blocked from voting at the meeting. Hats off to the dissident's for being public and not hiding behind aliases on blog sites, because if the rest of the votes would have been allowed, there is quite the possibility the vote would have ended up the other way.
On another note, thanks Andy for allowing us to turn your once informative post into a circus.
OK thats the most ridiculous post in the history of blogging. How can you actually say something so outlandish. The dissident vote was a miniscule amount of shareholders who happen to be boisterous. What a bunch of whiners. Buy 10 or 20 million shares then you can have a voise that has some authority.
Let's assume that the vote had replaced the board of directors with the unknown quantities that were listed. Would Akin Gump have pulled out from what was a solid agreement with a solid management team? Probably. Then all the shareholders would be pissed and the company would be back to square one. The dissident shareholders will be thanking their lucky stars that didn't happen.
You guys bought in to a private company knowing the risks and the fact that nothing happens overnight. Shutup and enjoy the ride. I personally think that when payday comes, you should all get your money shoved directly up your ***.
Looks like those rage management courses are really paying off for you! And for the record I only have one * not three of them.
And one last thing, then you can blast me all you want. I don't think anyone has bought 10 or 20 million shares in this company. Management has had the equivalent "handed" to them by the board of directors (which just so happened to be populated by management up until 6 months ago), maybe they can hand me the same so I can have my voice heard on this blog site. Let me check my other two **'s, maybe I have a few more million in there.
Is the company currently selling shares or not? I was told they are, but why would they be? I was told weeks ago that they shut down the sale but now have written proof that is not the case. What is up with shares still being sold? I am tired of no news and continued dilution (if true).
There is no "dilution" of shares as they only have 85 million so obviously if they are selling shares then it is simply because they still have shares to sell...a private company can't just pull new shares out of their *(note just one*)As for no news?? What are you smoking? If you have shares sit on them as you have been for God knows how long and know that you will be rich "someday"because what this company is all about will make you that way and stop moaning OR sell your shares to someone with a bit more foresight...you know what I mean...someone that doesn't expect something for nothing overnight and realizes that good things come to those that WAIT!
I don't know what you are talking about speaking of rage management. All I know is there was a HUGE number of whiners at the AGM bemoaning the fact that the company wasn't sold for XXX Billions after a six month timeframe. Since those whiners had never actually sold a private company, they probably wouldn't know it isn't the same as buying a bag of chips at Safeway.
My point is:
If you do not have half a clue regarding the purchasing of shares in a private (read: NOT PUBLIC - NON-LIQUID) company. Then maybe you should continue to pay huge fees to your financial advisor and buy some nice safe mutual funds.
If the whiners are upset now let them sell off there shares, theres a big market for them at $1.00. Personally I'd respectfully suggest there will be a lot more whining after the end of the month if you sell out during this month. I cannot see the price remaining at $1.00 much longer.
Just heard that the shares are going up by the end of the month. There are shares available at this point at the old price.
I heard that too - however does that really mean anyone would sell their shares at the new value???? Also does it bring us any closer to the "pop"
pp&m
THE POP IS UPON US SO TO SPEAK, AN UNNAMED COMPANY AND ONE OF THE NAMED COMPANIES WANT TO SETTLE NOW. I THINK A/G WAS HOPING FOR A FIGHT SO WE WOULD HAVE FREE SAILING AMONG EVERYONE
Well it maybe finally here. Although my brother is wondering what is afoot. So if 2 want to settle - my guess is the others will want to as well, to avoid the chance of greater liability if it gets closer to a jury trial
pp&m
Yet again nothing but rumors.......
Still nothing on their web site.
Anonymous from 1.5 days ago - just a quick question - Is this info for real or are you speculating???? By using caps throughout I sort of assumed that you meant to be emphatic.....Also the bit about A/G not liking this,makes me think you are very serious. Any more news???? Huh ????
And lastly,if it is the truth then others will confirm in a short while. I bet the rest of our posters are getting excited!!!
pp&m
pp&m,
I believ what "Mr. Bold" says as I got it confirmed in a back handed way. My heartbreak was I was hoping for a dividend check in October and I think it's pushed back to November! those guys being sued do have the right to ask for an extension of 30 days (max) before they deal with it so I assume that is why the dividend delay. Does anyone know if company number 4, say, could settle with us rather than wait or because they're all named together they must all settle together.
Carson
Heh, Carson nice to hear from u. I phoned my brother as he is a little closer to things than me; he was in a meeting with one of the million plus guys. He was rather perfunctory - yes there are a couple of companies that have settled, and there will be a wait for the dividend - sad. Now what I want to know is how we got from 2 to 4 in your post?? I don't know how things will play out. I asked him and he said that each might be tackled differently as each has separate issues.
I can wait - but would like to travel extensively now. It would make sense if they all settled together. Oh and what would be the dividend if the Lawyers get half??? Doses anyone know which firms settled ??
pp&m
I would like to know if company # 4 is #4 on the list ie. CA., and their settlement will indicate the aproximate overall value since they are about 10 %. So far I hear that the dividend will be either 1 or 2 dollars and the pop from 10 to 40 dollars and that A/G et al are pissed since individual companies are lining up to settle. We will all be happy I think to get some money but the dreams of 70 plus per share perhaps are like mist.
A little sad
pp&m
Holy cow! I would be exstatic to get $40 per share...more would be awesome but at .22...wooot...well worth the delays!
My pappy always told me they're ain't no such thing as a stupid question so here goes. Why would A/G be upset with easy settlements? If the companies are not offering enough then a settlement would not be reached. Right? Yet according to the recent rumor mill settlements have occurred. Thanks, GAGG
I think what bothers them is that if the suit was to go to a jury, then the settlement would have the potential to be greater - as juries tend to be generous. I can see your side aswell, I think, in that what is inherently wrong with a desire to settle???? It would also make it easier for A/G to approach the particular judge (who is named - can't remember though - typical texan name). So the answer is that more monies usually accrue to the plaintifs when juries are involved. My own thinking is that we've waited long enough, lets get to the dance.
pp&m
One more thing - tuesday is day number 21 since the suit was tabled. The companies have to respond by then saying whether they want an extension - don't know how long that can be - or if they have any inclination to settle. Now, in Texas if any do want to settle then the Judge can dictate to the others, as the same reasoning would apply. If the remaining ones don't settle then, the judge can double the amount to us. This make sense????
pp&m
Anyone really interested in the current status of the lawsuit should register with
http://pacer.psc.uscourts.gov/
Case Number: 2:2007cv00359
For 8 cents per page viewing, you can monitor it anytime to satisfy your curiosity and filter out all this entertaining chatter.
I guess you have done exactly that. Is there anything we should know??
King Kong
Hey that Pacer site is an interesting one if you're bored at work. Looks to me like they all filed and Tielhard/AG allowed an extention to respond till November 9th (dang!!) but everyones head has popped up like ducks at a shootin gallery. As opposed to what the top comments (way back when) that started this site say, now they're all paying attention. Anyhow, bottom line is they have an extension for about 30 days from last week. Hopefully they start dropping like domino's! (all that info for $2.18 woohoo!
carson
Carson,
Good update, but why Nov 9th- thought it was a 30-day extension? Best $2.18 you spent in awhile, eh? Guess I need to go cash in my bottles and cans and jump on for myself.
Thanks for the info Carson - probably 30 working days. Still I am hoping for a dividend before the end of the year.
pp&m
A dividend this year is an absolute certainty...no way would Ken Prather say we'd have one before year end (with the small uprising) at the AGM if it wasn't a sure thing. I've met with various Tielhard bigshots privately and they seem quite convinced of a liquidity event prior to year end as was discussed at the agm.
Carson
As a teilhard investor and former poster on the "private" teilhard forum I am appalled at the complete lack forethought in talking openly about what's going on here. I too have access to the Pacer information but i'm not broadcasting it on a public site and nor should you. I am just as eager to see an end but I cannot believe you guys would take over someone else's blog site with complete disregard for the owner and the rest of us shareholders and jeopardize potential settlements.
I can’t understand how this blog could influence the outcome of any negotiations - is the Pacer info so private, as to be for eye’s only?? As well does anyone really think this blog could go the way of the previous “Teilhard” blog, and PO Ken et al enough to make them take some sort of action?? Also I thought someone might confirm/deny the veracity of the 2 plus firms wanting to settle. Oh well..... maybe I will end up with that folding bike.
pp&m
Hey back the bus up anonymous! The pacer site is PUBLIC INFORMATION. Go to the site, it clearly asks if you are a corporate law firm or lawyer or private individual. This info is public and published, not restricted in any way. The reason for the 8 cents per viewing page is simply that it's a cash grab by the law society
Nobody is arguing that point. The point is that if the Teilhard exec's/management know where we are getting our info from, they have a tendency to flex their lawyers and have those sources silenced. Look at the datamirror case. Once they realized shareholders were obtaining information about the case online, TEILHARD applied for the gag order on everything related to the case. Datamirror was losing, so they had no objections to this. Now that they know where we are learning information about the US cases from, whats to stop them from doing the exact same thing again? They have a track record for not caring whether or not the shareholders know anything about what’s going on...unless you are a relative or close friend of upper management.
At this point its most likely too little too late anyways.
I would doubt they can stop the info on pacer as that is federal public record. As far as killing a blog, even people with limited internet knowledge should understand that anyone with any interest in this topic can go and start another blog. A simple google search will send everyone to the new blog. Discussing public information is hardly grounds to have freedom of speach squashed and most judges wouldn't allow it. The rest is all speculation, whether it is good or bad to the outcome of these procedings is unknown right now. It's just nice to see SOMETHING happening to move this forward.
I guess that’s it then - apart from various rumours of an imminent dividend/POP - quasi substantiated. Is there anything more to say ???
pp&m
No - re-group in about a month when companies should start responding officially, according to what was mentioned in PACER by someone earlier. See ya in a month.
haha...i think in the meantime, the PACER system made quite a POP/$$$ from all our interested investors/shareholders.... cheer for them! But of coz I'm waiting for our OWN soon!
Comments closed, guys. It's been a slice!
<< Home