Worldlink Share Discussion Threads

[warwick69] 02/7/2015 09:19

I only paid 8p for mine so I guess that would be my price and I'd get all your myclubbetting shAres as well

[hugosamuel] 02/7/2015 09:01

Will you buy them for what we paid? If they are so valuable, I guess you will? Please confirm?

[warwick69] 02/7/2015 08:51

Anyone who does not believe they can request that all their share are transferred to me I will gladly accept them if they don't believe any good will come from this or the new company which we collectively own 20%

[hugosamuel] 02/7/2015 08:17

His £1million plus bonus was in the most recent audited accounts. Misinformed?

[warwick69] 02/7/2015 08:09

Peter I think you are misinformed I believe it would be the other way over the years and as he was the major shareholder he lost more than any private investor over the troubles??And I hope as a result he is rewarded for all his efforts in getting this unfortunate position sorted !!

[peterblok] 01/7/2015 23:17

Very sorry to hear about your Wife warwick, but not strictly relevant to this saga.

Did not Neil Riches withdraw up to £1m from the company just weeks before it ceased to trade?

Would not most shareholders prefer to use their losses in WGP to set against other Capital Gains rather than be 'given' 1 share in a no hoper Newco for every 93 WGP shares?

However, nice to hear that at least someone is 'keeping the faith'

Peter

[peterblok] 01/7/2015 21:07

I'd be amazed if you put in any new money into one of NR's companies after what he's done to us all!

[hugosamuel] 01/7/2015 20:39

I bet it's a Standard Main listing to avoid the tighter regulation again.If it's not a Premium listing this time, I'm not putting any new money in regardless of the prospects. If they choose a Standard listing, that speaks volumes in my opinion as they can pick and choose regulation again. We need security and confidence after WGP.

[still waiting] 01/7/2015 19:35

After last time, im surprised.

All the data needs to be secured, they could go for an rto type situation and use a co. Like TERN to kill both birds with one stone.

[warwick69] 01/7/2015 19:29

They are going for a main listing not AIM for my club betting

[still waiting] 01/7/2015 17:08

My club betting seems to be doing all right without the wgp claim, the business model makes sense and I think internal fighting balls'd? The premiership deals up last time, just maybe a patent win would give the firepower to reopen those deals??

Stranger things have happed on AIM ( no main listing this time)

[hugosamuel] 01/7/2015 16:48

Regardless of whether we get anything, I'd love it if Quest win. Too many patents and inventors getting screwed by big corporates with deep pockets.

[gerryjames] 01/7/2015 13:58

Cheers Hugo...Ray did backtrack when I mentioned why the need for a MyClubBetting IPO with 20% of the "settlement" on the books. "Well maybe they won't float, it's not decided yet....." also why only 5% to Wordlink holders, answer the legal team has a 40 million dollar bill.

Dear oh dear...just redoing Hugo's link...easier for me.





That's enought of that...it'd be nice to get something, I wait for the cheque.

Good Luck.

[hugosamuel] 01/7/2015 13:50

that is my issue with WGP in general. already a share cold caller is exagerating the facts and telling people that the PTAB hearing and re-hearing request is actually a patent trial and appeal. Even the official announcements in April 2015 and June 2015 state "the trial is pending".

edit: the Quest thing is not a con, it is happening but early days.
In a nutshell:

1. Bloomberg tried to dump the case and patent fast at PTAB before trial.
2. PTAB backed Quest and said Bloomberg had not made their case.
3. Bloomberg said 'rehearing please we think PTAB got the decision wrong and failed to consider certain things'
4. PTAB said 'on yer bike', we considered everything, rehearing request denied.

That brings us to about 2 weeks ago.

Bloomberg can now go to Court to defend the patent action in a full trial.
Or settle if it is cheap to do so.

[damp squid] 01/7/2015 13:49

shh nobody tell warwick this is a con

it will be just so funny if he is bankrupted ...again by neil riches

[damp squid] 01/7/2015 13:48

lol so neil riches has got some bucket shop to ring round gullible mug punters so he can fleece them again

have to admire the chutzpah of the man

nobody ever lost money overestimating the stupidity of AIM mug punters

[hugosamuel] 01/7/2015 13:40

Gerry, it was not a trial, just the PTAB hearing and the subsequent June 2015 request for a rehearing (denied). The patent trial itself has not happened.
Read the links I posted, it has it all in detail. Sounds like someone is trying to spin it as an actual patent trial and appeal, that is not the case.

That said, not impossible the petitioners expected the PTAB thing to work and now it hasn't, they can't be bothered with a trial and go for some settlement to short cut it. Doubt it is millions though but getting a precedent is more important at this stage i guess.

Read the link two posts above your Gerry. Post 5133. It is the actual PTAB June 2015 decision on the rehearing request that was declined.

[gerryjames] 01/7/2015 13:04

I've spoken with a nice gentleman called Ray who phoned at home. He states a court in the US, one month ago has ruled in favour of Wordlink...Neil Richies is enroute to negotiate a settlement with the losing parties. The court has stated there is no appeal.

Wordlink holders will get a divided 5% and My Club Betting 20%.

As you can imagine this appears to be fantastic news...the phone call was to update but also to offer discounted shares in the soon to be hyper capatilised My Club Betting which may float later. I will recieve an email with all the details and links required.

Anyone else had such a chat with Ray and what do we think...off to do a bit of digging.

[hugosamuel] 01/7/2015 11:27

see above post 5133.

[hugosamuel] 01/7/2015 08:47

Personally think we should NOT settle. We should really go for it and get through the trial and get a public win and announced award.

Far stronger than just going to everyone else saying "they settled so you should too".

Better to say "we won in court and got paid £x. This is beyond doubt, pay up".

edit: This is promising for Quest in my opinion in that it hopefully closes the door to having the patent knocked out before the trial.

hxxps://www.docketalarm.com/cases/PTAB/CBM2014-00205/Covered_Business_Method_Patent_Review_of_U.S._Pat._7194468/06-17-2015-PM-57981/Notice-18-Decision_Request_for_Rehearing/

[hugosamuel] 01/7/2015 08:29

Warwick, whilst that would be nice to believe, I think you are being spun again.

My understanding is the legal defence against the patent is well established and strong but the overriding issue is that certain parties think they should not even need to go to trial and the patents should clearly be set aside. So confident were they, they were a little complacent in their approach.

In the UK, the defendants actually wanted it to go to court and it was the plaintiff that did not put up the security for costs required right before the trial (and at the same time pay 'that' bonus of many times the amount).

It will cost the defendants to go to trial but not millions and certainly much lower than any settlement especially given the confidence that the try is hard to lose.

The other issue is that these big companies are being hit by patent claims all the time and the unwritten rule is you do not do the dirty and settle cheap and set a precedent.

Hence why there are joint defences, shared legal costs behind the scenes (not just the two named) and a vested interest in seeing this patent defeated.

From our point of view, the overconfident attempt to quickly take out the patent pre trial is good for us but that is as far as it goes. I understand the case in the UK, the defendants were absolutely certain of victory (but they would say that wouldn't they!).

As Jaknife posted, £4-5million of WGP creditors to be paid via liquidation before we get a penny. We need a NINE figure payout to see any.

Ps. Stop with the shorting myth, no one in their right might would short WGP. It spiked on every RNS which makes it a terrible candidate for shorting. It's an excuse to try to portray legitimate reasons for a disappointing and ongoing share price drop.