Grapefruit USA Inc (GPFT): Wouldn't this be bankruptcy fraud by IGN...

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Re: mr_sano post# 53427

Tuesday, 05/09/2017 4:35:34 PM

Tuesday, May 09, 2017 4:35:34 PM

Wouldn't this be bankruptcy fraud by IGNG Imaging3?

Either the patent was an asset in the bankruptcy or USPTO was a creditor.

I don't recall either being the case. (( That would suggest Toms River paid the fee and still owns the patent))

Toms River did have a lien on it many years ago, (See Below) and they were disclosed as a creditor, but I don't recall any valuation being put on this patent. Though Toms River's loan/judgement/settlement was secured with the patent, if the patent were worth BILLIONS as claimed, they are only entitled to the amount of the debt to them, not the whole booty.

Like if the bank forecloses on your house for 100k but sells it for $5 million. They don't get to keep the extra $4.9mm

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