SEC and Acacia pumping, 2002?????
 

http://www.sec.gov/litigation/litreleases/lr17676.htm

Looks like there was some shady stuff going on, all the way back to 1995........

scoundrels...I call shenannigans!

sherlock shaw

I second the shenannigans!

run to Spain another Skase

A perfect demonstration of the type of people we're dealing with. Genuinely no better than common thieves.

Nice catch Brad. Who is Mark Schultz though? Just seems to be a trader who tried to inflate certain stocks like Acacia.

WG

But it seems was paid cash to do so. I'd hate to be a deluded share owner of Acaica who is planning to stay for the long haul. These guys keep proving that they have few if any ethics and are not adverse to both misleading their stock holders, and it seems in this case paying to artificially inflate stock. Funny in a tragic way.

Brad, you done good. :thumbsup

so, with all the shit they're pulling, and the past shit they've done....

why dont we just turn them over to the SEC?

Dawgy, give me an AIM at hyatla when you get a chance. It's about my stuff in phoenix. Thank you.

everybody should read this

"bump"

well I'll beeeee
to coin a phrase
things just keep getting curiouser anc curiouser

Thank you for sharing that link, Brad

:)

I am adding to my file on Acacia :)

I am sure SEC has been turned onto ACTG stock happenings. But they do not do investigations overnight.

Also a good read:
http://finance.messages.yahoo.com/bb...0497&mid=23397

someone should send a link to Far-L it may be helpful...

bumP

Thanks for pointing out all these links Brad, very useful indeed. Keep posting them as you find them...

WG

Good Stuff Brad !!! :thumbsup :thumbsup

Looks like they are burning through cash and getting very little money in return for their "license fees".

Acacia Technologies Group
# (A Division of Acacia Research Corporation)

Financial Results

DMT license fee revenues for the third quarter of 2003 were $186,000 versus $43,000 in the comparable 2002 period. Since November 2002, the Acacia Technologies group has entered into 53 license agreements for its DMT technology. Sixteen (16) of these license agreements were executed in the third quarter of 2003. Subsequent to September 30, 2003, the Acacia Technologies group entered into an additional 12 license agreements. All of the Acacia Technologies group's DMT license agreements provide for recurring license fee payments to be made by the respective licensees over the term of the licenses.

The third quarter 2003 division net loss was $1,296,000 versus $5,275,000 in the comparable 2002 period. Included in the third quarter 2003 division net loss are non-cash patent amortization charges totaling $125,000 and depreciation charges totaling $28,000. Non-cash amortization of patents and depreciation charges totaled $465,000 and $55,000, respectively, in the comparable 2002 period. The third quarter 2002 division net loss also included a non-cash impairment charge totaling $2,748,000 related to a decline in fair value of a cost-method investment.

Marketing, general and administrative expenses decreased to $1,553,000 from $2,113,000 in the comparable 2002 period, primarily due to a reduction in professional fees related to Acacia Research Corporation's recapitalization and merger transactions completed in December 2002, a reduction in corporate legal expenses, and a reduction in overhead due to reduced general and administrative personnel compared to the prior year quarter. The decrease was partially offset by an increase in costs related to Acacia Technologies group's ongoing DMT patent commercialization and enforcement efforts, including increased legal and engineering costs related to new patent claims and the identification of additional potential licensees of our DMT technology.

Financial Condition

Total assets for the Acacia Technologies group were $41,532,000 as of September 30, 2003 compared to $47,212,000 as of December 31, 2002. Cash and cash equivalents and short-term investments totaled $34,525,000 as of September 30, 2003 compared to $39,792,000 as of December 31, 2002.

At this burn rate, you have to wonder when the company will realize that their cost of doing business in this model doesn't work.

catch up on all things acacia in the thread titled: FTP's Acacia FAQ:

http://www.gofuckyourself.com/showth...hreadid=190214



Fight the Patent!

(somewhat related topic... re-posted here)


One company that settled said they didn't get a sweetheart deal and that they don't believe there was ever a sweetheart deal with anyone.

If there were sweetheart deals, it would be a no-no for Acacia since that would violate some antitrust laws.

These come to mind:

Sherman Anti-trust Act (1890)
Section 1 outlaws contracts and conspiracies in restraint of trade



Clayton Act (1914)
Section 2, amended by Robinson-Patman Act (1936), bans price discrimination that substantially lessens competition

Section 3 prohibits certain practices that might keep other firms from entering an industry or competing with an existing firm

Section 7, amended by the Celler-Kefauver Act (1950), outlaws mergers that substantially lessen competition



Federal Trade Commission Act (1914)

Section 5, amended by the Wheeler-Lea Act (1938), prohibits unfair methods of competition and unfair or deceptive acts




If you are a sponsor and you feel that other sponsors got sweetheart deals, you are able to make a complaint at:

https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01



Fight the Patent!

Wow, nice find Brad!

:thumbsup

Looks like we've got some seasoned stock promoters.