InvestorsHub Logo
Followers 2
Posts 220
Boards Moderated 0
Alias Born 12/18/2003

Re: Blue Skys post# 244682

Friday, 02/05/2016 2:48:26 PM

Friday, February 05, 2016 2:48:26 PM

Post# of 249104
Why... there is no company left..
If anyone was going to buy the IP it would have happened when the engineers were on board to execute it. With everyone let go, and offices shut who knows even where the hardware is that would have held their source code... It could be in someone's garage for all we know right now..

As of now I would consider the value of wave the scrap value of the hardware, and whatever the trustee may get for any patents.
I do not believe any time line has been set for any sale. As much as I know is that trustee has to find money primarily to pay the ex employees, then any other secured/unsecured creditors.
It may turn out the loan sharks now own the patents by default.. So what's left may just amount to a few 1000 in value of IT equipment and office furniture..

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.