InvestorsHub Logo
Followers 209
Posts 32155
Boards Moderated 1
Alias Born 06/30/2009

Re: Johnny_C post# 39292

Friday, 07/07/2017 7:27:53 PM

Friday, July 07, 2017 7:27:53 PM

Post# of 54032
"Attend the trial and see for yourself why the patent was lost. Hard to raise money when you are not reporting"

No one needs to attend the trial to know why the patent was lost. Their own filing said:
"On July 15, 2016, the Company was notified by its patent attorney, that the maintenance fee is due in the issue of US Patent # 8,354,267. The final deadline to pay the fee to avoid abandonment is January 15, 2017. If the Company does not make this payment it will lose the patent permanently."

On January 15, 2017 the company WAS fully reporting. The payment required was a grand total of $880. Mr. Rolodex couldn't come up with that?
Instead a deal was struck. One of those deals that is hard to understand. All to avoid paying an $880 payment to avoid the abandonment of a patent that had cost them how much? Just asking.


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

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.