ILED Patent
The presence of a large IP law firm is a good omen! The recent patent award for "aimed optics" processes, and technology by the PTO secures the ownership. This patented technology is used by all players in this marketplace. "All" includes the auto industry too.
That means the principal players must pay licensing fees to the patent holder, or cease and desist.
ILED has no money to pay a law firm so they must have determined that this effort will be worthwhile.
Sadly, the BOD has hired the second consecutive CEO who has failed brilliantly, and squandered this opportunity. I continue to be stunned by their rank incompetence.
They don't have enough money left to pay the "light bill", create a reasoned answer to an inquiry from the SEC, or pay someone to protect the inventory provided by the Chinese benefactor.
