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Re: SaltyMutt post# 82

Wednesday, 03/26/2014 8:14:14 AM

Wednesday, March 26, 2014 8:14:14 AM

Post# of 130
I would be very careful with that one. Read StockBarber's posts on that board. I smell a possible scam in the making.

My background includes years a few years in intellectual property development - taking ideas from lab to market. That means patents, copyrights, trademarks, all sorts of IP. No way IMO that they can revive these patents. Also, their trademarks are meaningless in that simply putting TM next to something only means that you are asserting your claim to a particular mark. You would have to sue to enforce it = expensive. Not the same as registering it with the USPTO.

Provisional patents mean very little, since they are not examined and only hold a date if you file a full patent application later within 1 year of filing the provisional. With the implementation of the America Invents Act, they became worth even less. Also, anyone can file a coversheet application - don't need a lawyer for that. Patent lawyers are expensive - $400+/hour.

Also, the "patents" that they wish to revive have nothing to do with their current business plan. One of the hot topics right now is the buying and selling of patent portfolios. They are trying to play this angle.

I'll look into this some more. Might be worth a flip, but I see this as very risky.


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