It's always good to be open minded. Not sure I am understanding. Gester... sold their 40 million assets in 2011. Think they lost their line of credit in 2019/2020. ?
Qualcomm who bought those assets is a tech company so buying that tech intellectual property for their business is a real winner match that likely instantly brought value to them. Tech to Tech.
Not so sure how technology brings that kind of value to a company that sales cleaning products. Not off the bat anyway like the above example. Maybe Eric is hoping to sale stain remover to hospitals. But the point I am making it's not really the matching fit if you compare to Qualcomm acquisition.
I don't know what Patents Eric bought. He has talked about Patents, intellectual property rights ,licensed protection under the Patents. He has not disclosed the purchased since it still needs court approval. I do not know the value of the patents. Patents can be used as collateral for bank loans but the bank pulled the plug. Many patents are not really as valuable as some think.
I actually think the money he spent on this tech acquisition would have been better spent on his own cleaning line to blast in every hardware store, distributor, more Countries. Products are good and he showed increased sales. That's what he knows. But that is just me and I doubt anyone else agrees.
There is much still to learn. Right now it's all PR design to excite as much as possible. Since I already knew the identity of the Tech company, the announcement was not big news for me. I had been spending much time trying to find Financials unsuccessfully.
I am not the type to be swayed by a master salesperson. I admit I have in the past and yes got burnt. Same pattern, excitement, projections, the sky is the limit, possibilities are endless. But now I want to see more than those aspects.
I do fully expect the stock to get a bump. Not sure for how long. After all deal is not done until Court approval. If it drags on I think whatever bump there is could drop. But I really am not good at that.
