Wearable Health Solutions Inc (WHSI)

[Mplmn]

"On July 10, 2008, the Company entered into a Purchase Agreement and Patent Assignment Agreement (the “Agreement”) to be effective July 31, 2008. The Company is obligated to pay the seller $ 2,500,000 on June 30, 2012. The Agreement specifies interest of 6 % to be payable monthly, commencing on July 31, 2008. The seller will reacquire all patents and applications if payment is not made on June 30, 2012. The due date of full payment was extended to September 30, 2014."

Looks like their patent is going to run into some trouble in the next two months.