JanOne Inc (JAN)

[Principian]

That IP valuation was insane and still is. As part of this settlement it looks like Gregg has to forfeit those ARCI "Preferred Shares".

That Patent is still a major sticking point with me being a 35+ Telecom R&D Professional. Even though it was Granted, it is worthless. It was garbage from the very start. I had some hopes Pierre Parent being a long time telecom professional would have turned this thing around. I know he jumped ship back in 2019. So I was totally glad, I didn't go down the road to use geotraq on a cool national project of mine.

I still am a bit sad too, because I know a number of the Geotraq employees were harmed in this whole shitshow.

As far as that IP valuation, I will look at their latest Financials. They were writing off about $1Million a quarter from the balance sheet in relation to Geotraq.

And Gregg misrepresented the Capital Structure of Geotraq when we began talking back in 2017. That hasalways concerned me. Once I investigated the ARCI "Deal". The main component of this is what CEO in their "Right Mind" would ever have structured this deal as was done.

One other individual in this is Juan Yunis and last I checked he still had like 75% of those Preferred Shares from this whole deal. These Shares basically gave away the farm so to speak.