Seeking Alpha

Covingtonium

Covingtonium
Send Message
View as an RSS Feed
View Covingtonium's Comments BY TICKER:
Latest  |  Highest rated
  • Double-Digit Yields From Awilco Drilling Ltd. [View article]
    Thank you. I knew about the tax deferral method via IRA, but of course then I would not be privy to any of the money until withdrawal. I wonder, could a person incorporate in Bermuda, or some other tax haven, as a private investing vehicle and invest the vehicle's money in investments such as AWLCF and then one of the corporate officers could "use" that corporate money anywhere in the world?
    Aug 20 11:43 AM | Likes Like |Link to Comment
  • Double-Digit Yields From Awilco Drilling Ltd. [View article]
    Um, I'm still a US citizen, living and working in the US. I cannot escape the US dividend tax on this security, can I?
    Aug 19 03:01 PM | Likes Like |Link to Comment
  • Vringo: Next Steps After A Disappointing Decision Versus Google [View article]
    What engine was it?
    Aug 17 11:56 PM | Likes Like |Link to Comment
  • Vringo Rated As Rotten: The Company Shows Why You Don't Speculate On "Patent Trolls" [View article]
    Does anyone have evidence that Google was the driving force behind the attempted promulgation of the Innovation and Shield Acts? Is there a K-street lobbyist who has been pinpointed as being paid by Google to lobby on their behalf for the passage of those bills? I can understand the leverage that Google gives the US government over global electronic information ( through FISA and the NSA ), but VRNG was only seeking to extract relatively fair compensation for IP, which seems to me would only affect the balance sheet of the infringers and nothing else of material consideration. Thus, to me, the specter of a corrupt collusion between Google and the government over the control of electronic information was not a factor in the CAFC decision. To me, the decision seems to have been the result of a lack of understanding about software, search engine technology, and the patentability thereof.
    Aug 17 03:38 PM | Likes Like |Link to Comment
  • Vringo Rated As Rotten: The Company Shows Why You Don't Speculate On "Patent Trolls" [View article]
    Regarding the distinctiveness of the patents in question, does anyone have any significant knowledge of the history of search engine development and just whether or not these patents had as big an impact as they've been claimed to have had? When reading through articles and comments referencing software patent litigation on websites such as Ars Technica and Wired, it seemed as though many of the commenters, who were self-proclaimed professional tech employees, perceived many software patents to be invalid and non-unique, especially "method" patents, which, as far I know, many regarded VRNG's patents to be. Ironically enough, a close family member of mine actually worked on the Bing search engine in C sharp code for Microsoft, but was unable to provide me with much insight, mostly because I think he did not care to inquire about the situation. In the movie "Flash of Genius", which was supposedly based on a true story, one man was able to win money in court against all the major US auto producers because of infringement on his invention of the adjustable speed windshield wiper. I remember in the movie, he said ,in an analogous defense of his arrangement of certain electronic parts to produce his invention, that the English language consisted only of the alphabet and punctuation, and this in itself was not entirely valuable nor could someone lay claim to ownership or invention of it, but when someone rearranges those letters and punctuation in such a way as to produce a literary masterpiece, it is agreed that that work can be claimed and owned, and thus sold, by it's owner, usually the creator of the work. I view software coding the same way. There is a discrete set of code in any language and the arrangement of that code is what matters. Sometimes the arrangement is so significant that is merits a patent. Does anyone know if the code behind the patents in question was really that meritorious?
    Aug 17 03:22 PM | 3 Likes Like |Link to Comment
  • Vringo Rated As Rotten: The Company Shows Why You Don't Speculate On "Patent Trolls" [View article]
    I, sadly, agree.
    Aug 17 02:54 PM | 1 Like Like |Link to Comment
  • Double-Digit Yields From Awilco Drilling Ltd. [View article]
    JDoe20, sorry, I am not sure I follow what you are saying. I, and the person who invested in AWLCF per my recommendation, are both US citizens and, as far as I know, are required to pay taxes on dividends for this stock as our holdings are in plain brokerage accounts. Are taxes on dividends deferred until principal withdrawal on both Roth and Traditional IRAs? Are you assuming that I live abroad due to my avatar (understandable)? I'm just trying to figure out if you know something I don't about tax jurisdictions and avoidance techniques for fx fees. I assume by 20% you meant the sum of of both US dividend taxes and fx fees. Regarding the ex-dividend date price per share drop, I have considered buying in before then, and I might still do so. At this point in time I just hate to see what I think is a good dividend opportunity skip me once more. One question; does anyone know of any stock exchanges that DO NOT have an ex-dividend mandatory price per share repricing rule due to dividend payments? When I called my broker to ask, he said that this rule used to not exist in any US exchange and dividend hopping was rampant. Perhaps there are other exchanges elsewhere in the world that have not instituted this rule where one might find great high dividend opportunities to hop into and out of.
    Aug 17 02:47 PM | Likes Like |Link to Comment
  • Double-Digit Yields From Awilco Drilling Ltd. [View article]
    I can still purchase on Monday the 18th and receive the dividend, correct?
    Aug 15 10:44 AM | Likes Like |Link to Comment
  • Double-Digit Yields From Awilco Drilling Ltd. [View article]
    I remember seeing a breakdown of the currently operating rigs in the North Sea and the two AWLCF rigs are actually the YOUNGEST rigs operating in the North Sea. If I recall correctly, both were originally manufactured around 1980.
    Aug 10 12:54 PM | Likes Like |Link to Comment
  • In The Land Of Irrelevant Numbers, Tesla Puts Down A Stake [View article]
    I respectfully disagree with you. There were many regulations in place to prevent misrepresentation of subprime CDO credit quality and those regulations were not enforced. What is your solution?
    Jul 11 11:20 AM | Likes Like |Link to Comment
  • PixelWorks - Customer Acquisition Of Apple Likely To Accelerate Top-Line Growth; $22 Price Target [View article]
    I think I'll avoid this one.
    Jul 9 11:28 AM | 1 Like Like |Link to Comment
  • Apple's Tax Bill Is About To Get Much, Much Bigger [View article]
    Methinks you have the cart before the horse. The genius of Henry Ford was making and selling a cheap automobile, not paying his workers well, which helped of course.
    Jun 24 11:17 PM | Likes Like |Link to Comment
  • Amazon: Fire Phone Is A Flop [View article]
    Does his name rhyme with Shmichael Shblair?
    Jun 24 05:05 PM | 7 Likes Like |Link to Comment
  • Micron Will Shoot The Lights Out Monday [View article]
    Heh, some light shooting.
    Jun 23 04:48 PM | 1 Like Like |Link to Comment
  • The World Cup: ATM Fees And Petrol [View article]
    Ghana?! x(
    Jun 10 10:53 AM | Likes Like |Link to Comment
COMMENTS STATS
397 Comments
363 Likes