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I'm still digging (in upstate new york snow). It is very difficult to figure out their real name in Chinese just based on alphabetic spelling. It seems that two groups of officers have no connection at all from linkedin, except one: Zeng Wenjing from JBZJMY knows Liu Hongen from HLK.
https://www.linkedin.com/in/wenjing-zeng-7a002251/
https://www.linkedin.com/in/hongen-liu-9bb078a6/
My guess is that Liu Hongen could be a son of Liu Tongren the CEO of Hongkong HLK based on the fact that Liu Hongen just graduated from Northwest Missouri state University in 2016. He appears to be the bridge among people at HLK Biotec, JBZJMY and DOLV.
Does this mean anything I don't know.
Officers of HLK Biotec Holding Group as shown in http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=tx227WOmULFrRlEAi3xT7w%253d%253d&nt7=0:
GU Fubao
Li Yubo
Liu Hongen
Liu Tongxing
Liu Tongren
Lu Zhengchu
Yang Huizhong
Mr. Liu Tongren is the CEO of HONG KONG SEA LOKHONG INTERNATIONAL GROUP. Mr. Lu Zhengchu is the managing director of Hailekang Nanjing. Liu Tongxing might be a brother of Liu Tongren.
Now we know the match of both address and people. There is no doubt in my mind that the merging entity is this Hongkong company which has 30 plus millions of registered capital as in 2002. Who knows how much money they have today.
Another entity coming into play is JBZJMY Technology http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q1n7TXpdWAOEA8b%252bgfSZyg%253d%253d. From the name from company you figure it is a temporary place holder for another company. They have following officers:
Han Zhiming
Huang Hua
Lu Wei
Ma Hong
Wang Dequn
Zeng Jingwei
Both Wang and Huang appears as new officers of DOLV. So it might be that both holding companies are merging into DOLV. I can figure out who is behind JBZJMY, but you can find connection among those people and Richard Oravec from Linkedin. I can't exclude the possibility of Oranoxis. With or without Oranoxis, this merger is huge.
HLK Biotec Holding listed capital amount of $100,000 and JBZJMY registered $11,000. This information might indicate that HLK will be the major player and JBZJMY be a minor holder.
Hope the details be revealed soon.
HONG KONG SEA LOKHONG INTERNATIONAL GROUP has filed annual returns with Hongkong government for the year 2013, 2014, and 2015. http://www.hkcompanydb.com/HONG-KONG-SEA-LOKHONG-INTERNATIONAL-GROUP-INVESTMENT-LIMITED-qimtit/#.WMgOAfnyuUk
Anyone here could help to dig out these filings? We could easily figure out the size of the company we are merging into.
(E)FNAR1 - Annual Return
Doc. Ref. No.: 22201141726
Submission/Filing Date: 13-JAN-2015
(E)FNR1 - Notice of Change of Address of Registered Office
Doc. Ref. No.: 23001038572
Submission/Filing Date: 16-JUL-2014
(E)FAR1 - Annual return (with a list of members)
Doc. Ref. No.: 22901110020
Submission/Filing Date: 06-JAN-2014
(E)FAR1 - Annual return (with a list of members)
Doc. Ref. No.: 23300761024
Submission/Filing Date: 02-JAN-2013
HONG KONG SEA LOKHONG INTERNATIONAL GROUP has filed annual returns with Hongkong government for the year 2013, 2014, and 2015. http://www.hkcompanydb.com/HONG-KONG-SEA-LOKHONG-INTERNATIONAL-GROUP-INVESTMENT-LIMITED-qimtit/#.WMgOAfnyuUk
Anyone here could help to dig out these filings? We could easily figure out the size of the company we are merging into.
(E)FNAR1 - Annual Return
Doc. Ref. No.: 22201141726
Submission/Filing Date: 13-JAN-2015
(E)FNR1 - Notice of Change of Address of Registered Office
Doc. Ref. No.: 23001038572
Submission/Filing Date: 16-JUL-2014
(E)FAR1 - Annual return (with a list of members)
Doc. Ref. No.: 22901110020
Submission/Filing Date: 06-JAN-2014
(E)FAR1 - Annual return (with a list of members)
Doc. Ref. No.: 23300761024
Submission/Filing Date: 02-JAN-2013
Thanks. You connected the dots. When I first had a glance of the company name HLK Holding, did not realize that HLK stands for HaiLeKang.
I think I counted too many zeros the asset of Hailekang (Nanjing)'s parent company Hailekang Hongkang Group. The parent company has asset of 250,000,000 HKD which is about 32 millions in USD from their website.
The registered capital of Hailekang (Nanjing) was 10 millions USD in 2004. With the explosive economic growth in China in the last decade, The estimation of 50 millions USD of Hailekang Nanjing is not far-fetched.
Please share the connection after you are fully loaded.
HaileKang (Nanjing) Health Food company resides in the same address as the JBZJMY holding company. Bu the Chinese address means the company is located inside of that address, in other words, there are multiple occupants in that address/building. I haven't found any other company in that address could be potential merger candidate. It is very possible that Hailekang is one of our companies.
Hailekang (Nanjing) is a company of Hongkang agglomeration worth 1,500,000,000 HKD. Hailekang (Nanjing) was established in 2004 with registered capital of 10 million USD. The company might worth 50-100 millions today. This company manufactures and sells health foods or dietary supplements in China. Their business model is like Herbalife but also has chain stores in many cities. Hailekang is a recognized brand name of health food in China. http://www.hk-hlk.com/about.asp.
I still have to connect Hailekang (Nanjing) to Dequn Wang and Huang Hua. Hailekang (Nanjing)'s CEO is Mr. Lu Zhenchu. No where i can find connection between these two parties.
It could be that Hailekang and Dr. Wang's companies all merge into Dolat. Time will tell.
It makes sense that Dr. Daniel (Dequn) Wang of Oranoxis and Huang Hua who has medicine and pharmaceutical background are connected. Miss Huang has experience in dealing with FDA IND filing etc. I believe Huang is or will be working with Dr. Dequn Wang for the new company. Putting this connection with Richard Oravec together, there is only one possibility: The candidate of this DOLV RM is with Dequn Wang's company(ies). Putting Anying Huang who is a financial advisor in Beijing into the mix, the RM also might involve some companies in China, possibly the Dequn Wang's company in Taizhou China.
I was trying to figure out if Dequn Wang is indeed the Dr. Wang from Oranoxis, not other Dequn Wang's. After found the connection of Huang Hua of Allergan with Dequn Wang of Oranoxis, I have no doubt that the RM target is Oranoxis.
We will find out very soon.
Found all four names on one page:
In the 2017 amended annual report https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117, there are two names showing up: Dequn Wang, President and contact email is huanganying@hotmail.com. So the contact person's name should be Anying Huang.
In the original annual report you will find both Dequn Wang and Richard Oravec.
In the otcmarkets.com, you will find another name Hua Huang as secretary.
You can find all four names under Richard Oravec's linkedin page: https://www.linkedin.com/in/richard-oravec-0751b62/
It appears that they are all connected. I created a PDF file of the page. Unfortunately I can't upload the file. Anyone can help?
Have a first peek at Genta's new website!
at http://www.genta.com/about/index.php?v=2
They are updating the site.
Nothing changed on the website:
http://www.genta.com/careers/index.php
http://www.genta.com/investor%20relations/index.php?v=4
Try to change v value from v=1 to v=7 to see what happens.
My take is they are moving their host server for some reason the configuration is not completed yet. We should be able to genta.com normal pages very soon.
If you spot any change of web content please let us know.
Web site is running at http://genta.com/about/index.php?v=2
http://genta.com/clinical_development/index.php?v=6
Is there anything new here in clinical development?
does this look the same as before?
http://genta.com/technologies/index.php
It appears to me there is some technical issue with the configuration of their server.
You're right. It's one party in arizona :
http://www.pimall.com/nais/n.tel.tape.law.html
STATE BY STATE LIST
NOTE: At the present time, we have information from ALL 50 STATES provided by private investigators. These have NOT been verified and user should do so. The e mail address after the information is the party that supplied the information. By using the list, you hereby agree to hold all parites involved harmless from any actions or causes for actions. State laws on this change from time to time. Statest that are blank, we currently have no information on. If you have information on a state not listed or more current information, e mail to RThomas007@aol.com and we will update the list every month. This infformation has not been verified. All parites should check the actual state law and obtain opinion from an attorney-at-law before recording any statement over a telephone line.
Alabama: One Party <CHANCEMAX@aol.com>
Alaska: One party <alaskapi@akcache.com>
Arizona: One Party <impact@rtd.com (Matthew Cummings)> <chad.wagner@medtronic.com>
Arizona: No party consent for person owning telephone service. <jeffpi@aol.com>
Arkansas: One Party <104673.2362@compuserve.com>
California: Two Party <RThomas@aol.com> (3)
Colorado: One party <PZenner104>
Connecticut Two Party <sfpi1@ix.netcom.com> (STEVE FREDERICKSEN) (9)
Delaware: Two Party <emorelan@ccmail.dsccc.com> E. Moreland
District Of Columbia One Party <76200.57@CompuServe.COM>
Florida: Two Party <RThomas@aol.com>
Georgia One Party (8.)
Hawaii ::One Party <pi@ilhawaii.net>
Idaho: One Party <shadow.tracker@idibbs.com>
Illinois One Party <bhrodey@starnetinc.com (Bob Hrodey)> (1.)
Indiana One Party <PISPY@gnn.com> (5)
Iowa One Party <AngelBrewer@msn.com>
Kansas: One Party <mjacobs@ix.netcom.com>
Kentucky One party <DEYE007@aol.com>
Louisiana One Party <steppin@tabu.org (Patrick Adams)> <ricky1@linknet.net>
Maine: One Party <emorelan@ccmail.dsccc.com> E. Moreland
Massachusetts Two Party <mmoore@world.std.com> (11.)
Maryland Two Party <cibir@netcom.com> (10.)
Michigan One party <armymp@tir.com> < TLMassoc@aol.com>
Minnesota One Party <ari2@juno.com>
Mississippi One Party <rcrow@ubd1.vdospk.com> (ron crowe)
Missouri One Party <kti805@aol.com> <PI101@aol.com>
Minnesota One Party <honsinvest@thequest.net>
Montana Two-party <73141.2400@CompuServe.COM> (Warren Levicoff) (12.)
Nebraska One Party <asettles@ziggy.mpcc.cc.ne.us> <JRSINVEST@aol.com>
Nevada: One Party <emorelan@ccmail.dsccc.com> E. Moreland
New Hampshire Two Party <john@melissa.mv.com> (13.)
New Jersey One Party <digdirt@ix.netcom.com>
New Mexico: One Party <spindoc@friendly.carlsbadnm.com>
New York One Party <medlgl@baldcom.net><CyberPI@msn.com> (6)
North Carolinia One Party <Mick@InfoAve.Net>
North Dakota One Party <honsinvest@thequest.net>
Oklahoma: One Party <mids@earthlink.net>
Oregon One Party <Investg8@aol.com> <Phil@investigations.com (Phil Agrue)> (14.)
Ohio One Party <DEYE007@aol.com> <wingate@worcnet.gen.oh.us>
Pennsylvania Two Party <76200.57@CompuServe.COM> (15.) <RRodabaugh@aol.com> (7) <73141.2400@CompuServe.COM> <digdirt@ix.netcom.com>
Rhode Island: One Party <emorelan@ccmail.dsccc.com> E. Moreland
South Carolina One Party <wbensel@InfoAve.Net>
South Dakota: One Party <Nalowery@willinet.net>
Tennessee One Party <rcrow@ubd1.vdospk.com> (ron crowe)
Texas One Party <RThomas@aol.com>
Utah One Party <74720.561@CompuServe.COM>
Vermont One Party <pitonyak@plainfield.bypass.com> <pitonyak@plainfield.bypass.com>
Virginia One Party <74777.3001@CompuServe.COM> <cibir@netcom.com>
West Virginia: One Party <graypi@main.citynet.net>
Washington Two Party <ahalle@interserv.com>(4)
Wisconsin One Party (but only two admissable)<Leahwes@iquest.com> <bhrodey@starnetinc.com (Bob Hrodey)> (2)
Wyoming: One Party <Prpi@aol.com>
England One Party <DEYE007@aol.com>
Canada One Party <RThomas007@aol.com>
Then I will bail out at 0.0002 Monday.
The company has no PR for the last weeks. Canplay fills up the information vacuum. I don't want my 8 million shares goes to toilet, but my guts feeling tells me what canplay said is true or mostly true. I'm afraid that some day very soon we all shareholders become bagholders. At the same time, I hope the company can hold together and put the magic water on the shelf so we all can make some decent money. At this point I can exit at 0.0002 without too much loss.
I'm in the nutritional business and has some beverage understanding. From reading posts, I can say that canplay is the only one on this board speaks beverage language, which makes me believe that he knows what he's talking about. I intend to believe the story of Nicolas's water bottles exploded on the way to Japan and then he shipped plain water bottle to Japan and got busted.
If I can offer some technical help to the company to launch the product I'll be more than happy to do that. Sadly we don't even know who is really in control of the company or there is a functional company.
Do you know if "The proprietary art" is covered by the patent? If not, why can't we start a new private water company producing same quality water by circumventing the patent? Maybe some of board members here want to join a very lucrative business.
I haven't had a chance to digest the patent yet. But I believe the patent covers the process not product. My current profession is nutraceutical ingredients. I can say that the most of nutraceutical ingredients and vitamins have unpleasant taste and odor, except for a few such as dietary fibers. How can a taste-less, color-less, odor-less nutraceutical water be produced. Even if it's possible, the ingredients to be used will be very limited.
Another technical hurdle is the microbial stability which I stated in my last post. This Nu2O has neutral pH containing nutraceutical ingredients is a favorable growth medium for bacteria. If no preservatives are added in the water, how the product safety and shelf life is maintained.
It seems that you already mentioned some of these issues in your post. Do you mind having some comments? If these issues are not resolved, to me the taste-less odor-less, color-less, and preservative-less Nu2O is just a dream.
From the pace of PR releasing, my guess is that they are busy in testing samples to make sure the pilot samples are safe. Testing really takes time. I also think that they have to solve the stability issue before starting production. They should PR that all technical issues are resolved before any production news.
I'm putting up a hypothetic working schedule for NUBV:
1. hire a new Quality Control Manager - done
2. introduce product concept - done
3. start new website - done
4. hire new CFO -done
5. purchasing of nutraceutical ingredients - in progress?
6. testing of ingredients - in progress?
7. contract with bottlers - in progress?
8. run lab scale production - may be done?
9. run pilot production at bottler site - in schedule?
10. testing of pilot production sample - in schedule?
11. stability testing - in progress?
12. contract or agreement with distributor(s) - in progress?
13. production schedule with bottler - unknown?
14. hire more people - unknown?
There is no FDA issue here as long as they do not make any health claim. But the bottler should have at least ISO9001 and HACCP certification.
I see the stability is a big issue here - most beverage has low pH, which controls microbial growth. In N2O, pH has to stay neutral and nutrients are added, controlling of microbial becomes a big issue, which means the bottling process needs special requirement.
If we hear good news on pilot production or bottler contract, this stock will explode. In real production, nothing is smooth. If we haven't seen any production news as expected, don't panic. They might diligently working on problems. All IMO.
Who said this is a done deal?
I posted my DD earlier about Shanghai Senying. You can see those in Board Info.
One thing surprised me is that I originally stated that Senying is the 7th largest private company in Shanghai. Very soon 'private' disappeared from some of pumping messages, and Senying became the 7th largest company in Shanghai. Please note 'private' in this case makes big difference. In China, private company is owned by individuals, versus government-owned company. In US, private company means it's not public.
Senying has morphed from purely sales company into a business dealing with manufacturing, sales, and service building around but not limited to pulp and paper industry. Especially with its manufacturing capability built in Shangdong province, it's future business plan includes exporting its paper products to US and other markets. This is before US imposing new tariff on Chinese exports of papers. Now high tariff becomes a big hurdle to their business plan to go into US market.
Merging with a US company and going public was intended to boost its international presence and initiate sales in US.
It is very difficult for a privately-owned company in China goes public in China. Going public in US by RM appears to be a easy approach. The regulations are now changing in favor of private company going public.
Because of those two reasons, it's no longer in Senying's best interest for this merger. This does mean that Senying will walk away from this deal. I'm wondering why there is no letter of intent signed in this case.
I have talked to a few people in the industry, some of them might have connection with Senying or heard of something about this company's standing on this deal.
The PPS drop is market's perception and insider's move on this stock. Anyway, as some posters said, we will see something within two weeks. Let's hope the best.
I'm expecting attacks by pumpers and label me as basher. Fortunately I don't have too much time to read messages.
So you are lifted too. Great.
It's 3:30AM in New York. Still have 6 hours to go. I can't wait.
Might sounds crazy. My dream tells me.
It's lifted.
I like your idea. It could happen.
Who owns webfile.com, thebighub.com, nationwideprepaidwireless.com, owns BHUB.pk
On the right in the picture is CEO Lin Yun. Background is Shandong Liang Paper Company.
I DD more about CEO Lin Yun. He is a real man, always low-profile but very capable man with a vision. He is known as 'King of Paper' in Shanghai. He started Shenyin from scratch in early ninety's in the last century.
One thing I want to remind everyone here is that Mr. Lin is not an hired CEO. He owns Shenyin. If he want to get RM with PVNC, he is determined to get business done.
Forgot about one thing, Shenyin is debt-free. I'm 100% confident about this because in China it's almost impossible for a private company to get loan from bank.
I'm so excited about this finding but I feel sorry I don't have time to translate all the articles about this man.
Just wish the RM become a reality very soon.
After more DD, I have to make a major update on point 4:
Shanghai Shenyin's current revenue is about 600,000,000 RMB, which is about 60,000,000 USD. A few years ago, Shenyin bought a paper manufacturer in Liangshan County, Shandong province and established Shangdong Liang Paper Company, Ltd. Shenyin owns 100% of this manufacturing company. Liang Paper Company manufactures following paper products: Two offset paper, xerographic paper, the Post closed paper, food packaging, kraft wrapping paper, computer printing paper. copperplate Paper. In addition, degree of other companies products as follows : Kamitsukefu next Raised Fabric, trunk networks, polyester forming network rush blankets and electrical equipment category aircraft type valve type steel bearings category type. (Sorry, I don't know too much about paper industry terminology, above is automatic translation by Yahoo). My understanding is that their major product is copy paper.
This information changes my view of Shenyin as sales company to a manufacturing and sales company.
Shengyin is ranked number 7 private company in Shanghai.
It took me whole Sunday morning searching Baidu.com to find the company's own website. I will translate a portion of it into English if time allows.
One of my friends after graduated with a MBA, started work in a firm specialized in intorducing Chinese company into US market by reverse-merger. He told me that this has become a trend in China. We should see more and more this kind of merger in the future.
Did some DD about Shanghai Shenyin Development Company
1. Company website is http://www.senyin.cn/index1.asp.
2. English version of company introduction at http://www.senyin.cn/about/en_about_comp.asp.
3. Company's honors: See http://www.senyin.cn/about/en_about_honor.asp. There is no English translation here. It all means the company received many honorary crentials from Shanghai City Government and Paper industry in China. It proves company's reputation and credibility.
4. Currently comapny's sales territory is focused on Shanghai and there is one working partner in Shangdong province. It seems that the company has its export presence in Indonesia.
5. The company hase its own brand name of Shenyin.
6. In my opinion, the company is aiming to develop its business in other parts of China and to develop sales and service beyound China territory. Going public by reverse-merger is the key step to execute its development plan.
7. Based on my readings from other sources, the company's revenue as stated by PVNC CEO is not an overstatement. Plus, in my opinion, its growth potential is huge, which will eventually reflect in the PPS of PVNC if RM becomes a reality. I hope for the best for all hte shareholders and flippers.
There are three domain names being mentioned:
bhub.com, bighub.com, and thebighub.com. Which one is owned by BHUB?
bhub.com:
Registrant:
Garrick Herrmann
630 SE 8th Ave
Pompano Beach, Florida 33060
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: BHUB.COM
Created on: 21-Feb-04
Expires on: 21-Feb-09
Last Updated on:
Administrative Contact:
Herrmann, Garrick gtherrm2000@yahoo.com
630 SE 8th Ave
Pompano Beach, Florida 33060
United States
(954)682-2556
Technical Contact:
Herrmann, Garrick nomail@godaddy.com
630 SE 8th Ave
Pompano Beach, Florida 33060
United States
Domain servers in listed order:
NS.RACKSPACE.COM
NS2.RACKSPACE.COM
Registry Status: clientDeleteProhibited
Registry Status: clientRenewProhibited
Registry Status: clientTransferProhibited
Registry Status: clientUpdateProhibited
thebighub.com:
Domain: THEBIGHUB.COM
Created: 2001-04-03
Updated: 2007-03-19
Expires: 2008-04-03
This registrant uses an IDentity Shield service to keep some or all of their
information private.
They are reachable at the following addresses only. Please note that the provided
E-mail addresses ARE VALID but will function for only a few days and should not be
added to any database. IDentity Shield addresses are CASE SENSITIVE.
Registrant
THEBIGHUB.COM
c/o Whois IDentity Shield
142-757 W. Hastings St., Suite #777
Vancouver, BC
Canada V6C 1A1
Administrative Contact
THEBIGHUB.COM
c/o Whois IDentity Shield
142-757 W. Hastings St., Suite #777
Vancouver, BC
Canada V6C 1A1
E-mail: Cb5VBkoQc0Dh6hbY+icJqQNYnW7OoBeYveJzueRF6jObJAaFmEoyPg==@identityshield.com
Phone: +1 (309) 424-5497
Technical Contact
THEBIGHUB.COM
c/o Whois IDentity Shield
142-757 W. Hastings St., Suite #777
Vancouver, BC
Canada V6C 1A1
E-mail: IfablO+IL6/55cosvIAfLnubxlMyKTcgjBdaHVMFrpijaCCnqUPz@identityshield.com
Phone: +1 (309) 424-5497
Name servers for this domain:
NS1.HITFARM.COM 72.51.27.54
NS2.HITFARM.COM 217.68.70.72
NS3.HITFARM.COM 64.40.116.38
E-mail addresses as presented will only work until 2007-03-25
(in the server's time zone).
bighub.com
Registration Service Provided By: Internet REIT
Contact: domaininquiry@ireit.com
Domain name: BIGHUB.COM
Administrative Contact:
Internet REIT
Domain Administrator (domaininquiry@ireit.com)
+1.5126334038
Fax:
2802 Timmons Lane
Suite 22586
Houston, TX 77027
US
Technical Contact:
Internet REIT
Domain Administrator (domaininquiry@ireit.com)
+1.5126334038
Fax:
2802 Timmons Lane
Suite 22586
Houston, TX 77027
US
Registrant Contact:
Internet REIT
Domain Administrator (domaininquiry@ireit.com)
+1.5126334038
Fax:
2802 Timmons Lane
Suite 22586
Houston, TX 77027
US
Status: Locked
Name Servers:
NS1.IREITHOST.COM
NS2.IREITHOST.COM
Creation date: 24 May 2002 18:09:53
Expiration date: 24 May 2010 18:09:53
Next wave could be (AXIA, LLEG, RSHN).
Only time can tell.
In pink/otc land, money flows like wave. If the wave comes to your stock it run up to 5 to 10 bagger, depending on the news/rumor or how low it has being beaten down. INRA could hit dollar land (5 times of 0.20) if the news was good. The money supposed to flow into INRA was re-directed to some hot stocks like ECFL and EVSA. This why the ECFL and EVSA run lasts so long. INRA was haircuted to half yesterday( from 0.32 to 0.155). It will climb back eventually to 0.25 range in a week or two.
The recent money flow trail looks like this: (WTVI, CHNW, INRX, ETIM) -> (EVSA, ECFL, half-lived INRA) -> (SEVI, IDGJ, WRNW, ASVN). This last group is going on right now. Money will soon leave those place by the end of this week and will land on some hard-beaten stocks next week.
INRA has potential and much more speculation and its support is around 0.20. No news or good news in a short term (one or two months) will attract the money wave to come back and shoot this stock to dollar land at its climax.
Yes. Number 5 is a speculation. But I believe No. 4 is a sure thing. Company could announce it sooner or later in a carefully crafted PR which does not violate the confidentiality nature of settlement agreement.
I was granted a patent a few years ago. I have some first-hand feeling about this thing. Big corporations are usually very careful in intellectural property. Now ABB agrees that the patent belongs to RWT, it's logic that ABB pay RWT royalty for the future use, and possibly the past use of RWT's technology in a very sublte way, such as granding RWT a fat project.
I suggest everylong on this board go back to read the settlement agreement very carefully at http://www.sec.gov/Archives/edgar/data/1156784/000114420407011059/v067509_ex10-1.htm.
1. The first and most important: It's recognized that RWT is the sole owner of trade secret. It also proved the validity of the technology RWT owns. Since the technology has already incorporated into ABB's product lines, ABB has to pay royalties starting from February 20, 2007. This part is already implied by the expression in this paragraphs. It does not have to be stated explicitly. How about those years since 2002 to last Friday, my guess is they have to pay RWT indirectly. My understanding is this: if ABB pay royalty for the past, it will become a fact that ABB infringed RWT's patents.
2. Section 9 is very interesting. It states that both parties should maintain confidential the terms of agreement, except legally required by SEC to minimize the exposure, in this case the only publicity is the PR Friday. The last Friday's PR was carefully crafted by and agreed by both parties. My whole impression of this section is that ABB was trying to muffle the negative effect by this lawsuit and settlement. ABB has to pay big price to RWT for not making big deal out of this settlement. THer will be no more PR related to this settlement from either party, as clearly stated in the agreement.
3. The tone of language of agreement and the only PR is very nice and positive, underlining possible working-together of both parties in the future. If you read enough settlement agreements, you will feel the difference.
4. As I stated in 1, RWT's technology is already welded into ABB's product line, there is no way or no reason for ABB to stop making profit from those products. Such a decision will not only affect company's profit but also affect customer satisfaction. So paying royalty for RWT's patent is a sure thing. Further more, the price and execution details should also be negociated and a agreeemnt is reached prior to the settlement. RWT must make sure that all the details worked out because they don't want be screwed again. The number must be so attractive that Walter can not refuse. My guess is that next PR could be royalty annoucement. Legally this one is isolated event from the settlement, as long as related to prior event, i.e. the patent infringement.
5. After last few years restructuring, ABB now is in the aquisition mode. RWT has technology and IP ABB wanted for their business growth, and could be a good candidate for aquisition. Today's PR of RWT's future acquisition could be a step to form a complete line of R&D, production ans service for RWT. This cou8ld make the checklist for acquisition looks perfect.
The company's future is bright ans we will be rich.