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Krysti

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Krysti

Re: Sumdude post# 61524

Thursday, 08/06/2015 5:41:13 PM

Thursday, August 06, 2015 5:41:13 PM

Post# of 68829
Some clarity on the Eyetalk365 deal, as requested, Sumdude

Eyetalk365 had to show an 'ownership interest' in the patents so that they could pursue infringement claims in its own name.

The contract between REVO and Eyetalk365 gave Eyetalk365 that ownership interest by granting it exclusive control of the patents, for their duration. Eyetalk365 'owns' the patents for as long as they meet the contract terms.

That's why REVO was not a joint plaintiff in the 4 infringement cases brought by Eyetalk365.

Eyetalk365 received control over the patents for an initial 'payment' of $900k and additional payments of 40% payable ONLY from any royalty income which MIGHT become due.

A good deal for Eyetalk365. Not so good for REVO shareholders.
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