News Focus
News Focus
Followers 210
Posts 32744
Boards Moderated 1
Alias Born 06/30/2009

Re: hugh_jackoman post# 41923

Tuesday, 03/07/2017 10:24:49 AM

Tuesday, March 07, 2017 10:24:49 AM

Post# of 97213
Thanks for providing the case number and location of the settlement agreement (something that I should have found months ago). It shows that both parties agreed not to divulge the payment amount.

Neither of these would appear to fit under the black redaction mark:
$25 Million
$25,000,000

In the Quarter that the settlement was reached (ended 6/30/16) DECN recorded two things that I believe suggest that the amount of the payment was $450,000. One was a "Gain on patent licenses of $1,000,000" and the other was an asset entitled "Patent Licenses, net value" in the amount of $550,000. From an accounting standpoint it would be logical to conclude that the difference was the cash payment.
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=160093

I was given that information....I don't know.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y