Important to remember - SIGN doesn't own these patents.
All of the company's statements refer to Signet holding some kind of option with FIU for these technologies. Exactly what rights Signet holds, no one knows because they have not revealed the details of the option agreements.
When the financials are finally updated with the SEC, I believe they will show Signet has zero equity in these patents. As such, if the company successfully licenses a patent, will they receive a one time success fee or will there be some recurring revenue? No one knows.
If we're expecting a big price jump after the successful licensing of just one patent, then the question to ask is:
In the last 10-15 years, how many technologies has Signet successfully licensed or funded?
I can't find one closed deal by SIGN.
Going back over company history, they have been in TV production of some sort, had a 4D imaging biz and other technologies (like the current 3 technologies being promoted) but no closed deals.
SIGN is a public company that hasn't reported financials to the SEC in three years.
A company where I can't find evidence of revenue generating activity in the past 10 years.
While they have successfully secured option agreements on these three technologies, there is no evidence that Signet has actually closed on any option agreement they have previously secured.
I appreciate the technical analysis about the limited number of shares, etc. but at some point real revenue and profits will be what drives the share price higher and I can't find any evidence that Signet has generated real revenues or profit at anytime in the last 10 years.
CAVEAT EMPTOR
