Fred has left himself a convienient "out"...as he wrote:
"Over the last thirty days, we have entered into multiple licensing arrangements and we expect to continue to generate revenue through our patent monetization activities"
Interesting word, that "expect"... If he had "entered into multiple licensing arrangements", he knew damn well, when he wrote it, if they were "revenue producing"...or not.
If they weren't, he needs to move into the federal dried egg, or plastic bag business... Board can find another CEO.