Inventergy Global, Inc. (fka INVT)

[TennisStar]

What I said was I thought it was an 80/20 split, but I also said it was an old recollection and wasn’t sure. A quick search yielded the following and it appears the split is 70/30 with 70% going to FIG. This agreement I believe was the precursor to FIG beginning “assertion campaign of former Inventergy patents with cases against Apple”. There are other debt financing agreements between INVT and FIG that date back to 2014 as well.

So if FIG gets 70% of a settlement, after federal and state taxes, repayment of other expenses such as debt holders, series e preferred stock agreement and possible other preferred series agreements, filing fees owed to NASDAQ and SEC to become current/compliant and California and Delaware state SOS fees, what percentage of 30% will shareholders actually receive? I don’t have that exact figure but it certainly appears a lot less then what you were suggesting. If I had to guess, I’d say 10-12% seems about right and again if that equates to $2-3 per share, I’d be thrilled with that.


———-> “For its efforts, Fortress will take the higher portion of a 70/30 split with Inventergy on all future net revenue resulting from monetizing the patents, as will be defined in a new revenue sharing agreement. The split goes into effect following payments being made to the previous patent holders, payment of any other monetization costs and Fortress collecting approximately $30 million.”

https://www.prnewswire.com/news-releases/inventergy-gets-heavyweight-partner-in-fortress-investment-group-595281461.html

———-> “ Unable to make scheduled payments on $10M of debt, Inventergy entered into a restructuring agreement with Fortress in December 2016, after which it assigned 740 telecommunications patents to INVT SPE LLC, an entity managed by Fortress affiliate DBD Credit Funding LLC. INVT SPE, which sued ZTE on August 29, also has active cases against Apple and HTC; all three lawsuits assert the same seven patents, which were acquired from Inventergy in April and which originated with Panasonic.”

https://insight.rpxcorp.com/news/8164-fortress-hits-zte-over-patents-acquired-from-inventergy