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Saturday, May 15, 2004 1:00:34 PM
Yes, a European Service Provider followed by scores of Brand Partners (of which we know there are several pending LOI's) is what my premonition is as well.
Pragmatically speaking, if I were looking to solidify the foundation for launching PaperClick in Europe, the one item that would give me the greatest amount of comfort would be resolvement of the patent infringement issue. However, I personally do not believe that this item alone would act as a hinderence for a Service Provider signing on, but rather to clear away any uncertainties prior to formal execution with one.
My hunch if Virgin settles favorably with NEOM (irresepective of an out-of-court agreement), a license fee arrangement will have to be established between these parties, thereby acting as a watershed for faster settlement time involving other infringment suits (AirClick, L-Scan and ScanBuy). Additionally, this settlement will also act as a catalyst by setting the stage for the American SP agreement and subsequent BP contracts, all here in the US.
As previously referred to, we may have a settlement agreement between NEOM and Virgin in very short order. If just this one item comes to fruition, it will set off a world-wide precedence by establishing a legal benchmark for all other possible infringers. People who are in the know, know this. I also believe because of it, we are being watched very closely by some large institution buyers.
80Mil. shares in one day will pale in comparison to the volumes we could see if any number of the open items on NEOM's plate are favorably publicised. Two months going forward for these events to take place is not a lot of time to wait. Heck, most of us have been here for close to a year anyway, and some for longer. All the Best, JP
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