mPhase Technologies Inc (XDSL)

[price_and_volume]

Worthless "legacy" patents fwiw...

50 cutting edge battery patents in its legacy portfolio... with majority of business in India...

Nice low-float pop on twitter-pump.

Hope everyone's been able to make some $$...

But let's be honest: the "battery patents" are 10-years old, and tech has moved on in a HUGE WAY since then.

This line has been in every 10-K forever...

Our current “smart surface technology” is at an early stage of development and we may not develop products that can be commercialized. Our smart surface technology has derived very limited revenue from a Phase I Army Grant of approximately $100,000 and a Phase II Army Grant of approximately $750,000 with respect to our Smart NanoBattery product from inception of development in February 2004 through the date hereof. Other material revenue was derived from our series of battery “Jump Starters” in the fiscal years ended 2014 and 2015; products that the Company discontinued beginning in April 2016 owing to contracting margins and increased competition.

Our failure to commercialize our products in the fields of machine learning and artificial intelligence and our Smart Nano Battery or to become profitable could depress the market price of our Common Stock and impair our ability to raise capital, expand our business, diversify our product offerings and continue our operations.