SiNtx Technologies Inc (SINT)

[SmokerX]

looks like compensation from CTL will work like this:

2.5 Million to sonny bal's loan
6 million promissory note to amedica

Not even going to equate the 1.5 sales revenues payout because thats a bonus, not part of a sale agreement.

So that's 8.5 million
https://www.last10k.com/sec-filings/0001269026/0001493152-18-012933.html

according to the latest sec filing they currently have 1,718,00 in finished goods and value their trademarks at 400,000. i`ll round down to 2.1 million. that's 6.4 million after deducting these from the agreement price

Ive counted 58 patents and 24 that appear to relate directly to spine product design. Amedica has 6 silicon nitride implants listed and 3 pedicle screw devices listed(Beyond these 3 I wont go into any product IP R&D US spine is transferring over)

https://www.mddionline.com/how-much-does-510k-device-cost-about-24-million

According to this the average price to bring a product to development is 24 million. We'll give amedica the benefit of the doubt and cut that in a quarter. 6 million invested per device. Amedica keeps the manufacturing IP so half of that is 3 million for 6 products. That's 18 million value for just the silicon nitride.The pedicle screws are purchased from a 3rd party so it's a full IPR&D valuation at 6 million X 3 products on those. So an additional 18 million equals 36 million.

patent applications typically cost between $5,000 and $9,000 plus legal fees. So 24 patents at $5,000 filing fee is $120,000

that's a total valuation of $36,120,000. IMO that is giving the company away. This deal is for 8.5 million. that is 27.5 million short of what I, a complete retard would sell for.

I'm not voting for this. But I dont think it will matter much.