The latest press release from October, which was when EPGL officially stated that they felt that negotiatiations had finally come close enough to counter Coopervision's proposal on licensing rights and which led to the Nov 4 offer by Coopervision, appears to indicate that in addition to an upfront undisclosed amount of cash, that $1.1 billion in royalties will have to have been paid by Coopervision to EPGL before a discounted royalty tier is established on that technology and all subsequent technology that is produced by Coopervision that uses those patented technologies. Now, obviously Coop has to come through with the actual marketing and sales of the devices, but if the first $1.1 billion is surpassed fairly quickly, the remaining discounted royalties, over the life of the tech, will be in the billions. Can anyone say market cap for EPGL?!!!
