Quest Patent Research Corp (QPRC)

[logicaldude]

APPLE-2nd 30 DAY EXTENSION SINCE THIS BEGAN ON APRIL 12TH

Apple just asked for their 2nd 30 day extension and the case just started....IMHO if it was cut and dry and they felt it was easy, it wouldn't take more than 30 days to figure out the plan..

Apple Lawsuit Reuters Article:

https://www.reuters.com/article/ip-patent-apple/apple-hit-with-east-texas-patent-case-over-iphone-payments-technology-idUSL1N21U1Z3

Follow the case here:

https://www.courtlistener.com/docket/14925527/quest-nettech-corporation-v-apple-inc/

WHY QPRC FILING THE SUIT WHEN THEY DID IN EAST TEXAS WAS MASTERFUL:


APPLE is at a known disadvantage fighting Patent Suits in EAST TEXAS....QPRC filed there on the last day possible before Apple closed their remaining locations in the jurisdiction to specifically be able to fight APPLE IN East Texas. Its David versus Goliath but we have waited over 10 years for someone to catch up to this WYNN patent we have held until someone infringed on it.

QPRC got in their lawsuit right before APPLE closed their locations in East Texas which would have not allowed them to go after them in that Jurisdiction past Friday April 12th. The court set the APRIL 12th as the deadline since APPLE closed their remaining 2 East Texas locations. QPRC came in UNDER the deadline and APPLE knows they are at a disadvantage in EAST TEXAS.

East Texas was known as a "PATENT FRIENDLY" jurisdiction. Apple has not fared well in East Texas Cases. This was a very smart move by QPRC to file suit while APPLE still had East Texas locations.

See some articles (some may need sign in)

https://www.law360.com/technology/articles/1149154/on-its-way-out-of-east-texas-apple-hit-with-patent-suit

The Lawsuit is international news MACLIFE-Germany :

https://www.maclife.de/news/apple-pay-apple-faengt-sich-klage-wegen-patentverletzung-100113465.html

QPRC BEAT THEM TO THE PUNCH AS APRIL 12TH WAS THE LAST DAY FOR A CASE TO BE BROUGHT IN EAST TEXAS

QPRC IS ASKING APPLE TO PAY TRIPLE FOR WILLFUL INFRINGEMENT

THE REASON IS>>>>>>>>

QPRC HELD THIS PATENT YEARS AGO AND SHOPPED IT TO APPLE TO SEE IF THEY WANTED TO LICENSE IT. APPLE PASSED. BUT THEY PASSED BECAUSE WHEN THEY SAW IT, APPLE DIDNT YET HAVE APPLE PAY, NOT WAS A CREDIT CARD ON APPLES RADAR. THE QPRC/WYNN PATENT WAS WAY AHEAD OF ITS TIME...BUT WHAT IT DOES MEAN IS THAT WHEN APPLE DID MOVE FORWARD YEARS LATER, THEY KNEW THE QPRC PATENT EXISTED...THEREFORE THEY INFRINGED ON THE PATENT WILLFULLY AND QPRC CAN ASK FOR TREBLE DAMAGES....


https://www.patentlyapple.com/patently-apple/2019/04/late-yesterday-apple-was-sued-for-patent-infringement-relating-to-apple-pay-services-on-idevices.html

Here are a few articles on how bad Apple has done against other suits that came from East Texas:

https://www.dallasnews.com/business/technology/2016/10/03/apple-loses-another-patent-case-east-texas-facetime-technology

https://www.macrumors.com/2019/02/26/apple-optis-wireless-lte-patent-lawsuit/

That Friday was the day it ended for APPLE>..QPRC came in under the deadline......GO QPRC

http://macdailynews.com/2019/02/22/apple-plans-to-close-all-retail-stores-in-eastern-district-of-texas-in-fight-against-patent-trolls/

Apple Pay statistics and other stuff:

as of 8/2019 over 253 million use apple pay world wide..check other stats here

https://expandedramblings.com/index.php/apple-pay-statistics-facts/

Apple is frequently targeted by companies looking to enforce patents. That’s presumably because of Apple’s size, which makes a possible win against Apple in court very valuable. The East District of Texas is a favored location for patent trials on account of their tendency to award large sums in damages.

Decades ago, the Eastern District of Texas instituted rules designed to speed up patent lawsuits. There are restrictions on the amount of paperwork that can be filed, and even limits on how long lawyers can speak in court. These rules make it much quicker and cheaper for a small company to bring a patent infringement lawsuit against a larger one.

Other stocks have exploded once the word got out of their lawsuits viability against apple...

imho, id be a little patient...with low volume, market makers can make it seem like anything is basically happening...patience is a virtue

See from the 10k here
Universal Financial Data System

The invention describes a universal financial data system which allows its holder to use the device to access one or more accounts stored in the memory of the device as a cash payment substitute as well as to keep track of financial and transaction records and data, such as transaction receipts, in a highly portable package, such as a cellular device (the “Financial Data Portfolio”). The inventive universal data system is capable of supporting multiple accounts of various types, including but not limited to credit card accounts, checking/debit accounts, and loyalty accounts. Our wholly-owned subsidiary, Wynn Technologies Inc., acquired US Patent No. 5,859,419, from the owner, Sol Wynn. In January 2001, we filed a reissue application for the patent, and the United States Patent and Trademark Office issued patent RE38,137. This reissued patent, which contains 35 separate claims, replaces the original patent, which had seven claims. In February 2011, we entered into a new agreement with Sol Li (formerly Sol Wynn), pursuant to which we issued to Mr. Li a 35% interest in Wynn Technologies and warrants to purchase up to 5,000,000 shares of our common stock at an exercise price of $0.001 per share, the warrants expired unexercised. We also agreed that Mr. Li would receive 40% of the net licensing revenues generated by Wynn Technologies with respect to this patent, which is the only patent owned by Wynn Technologies. On December 17, 2018, Wynn Technologies, Inc. granted an exclusive license to the Financial Data Portfolio, including the right to enforce, to our wholly owned subsidiary, Quest NetTech. Under the agreement, Quest NetTech receives 100% of the net proceeds, as defined by the agreement.

This stock has huge potential.. The 10k showed huge near term and long perm potential with some major catalysts that could do great things for the stock..do your own work..this is my opinion

market makers will play with this stock if low volume ...don't get fooled.. this is a sleeper...the company isn't pumping this which can easily be seen....more good things are coming.....don't listen to the guys who want to get in lower

many people here have been patient , we all deserve a pay off...god bless and good luck to ALL