I'm not sure patents mean much. In the Q, he did say there were no employees, they had cash on hand of about $500 ,(I got that in my drawer)....and he warned that if capital couldn't be retained very quickly, things might go south. The company has some debt if I remember correctly, so if there was a bankruptcy, bond holders and lenders are senior over equity holders for assets. Guess what, patents are assets. If they file Ch.13, I don't think shareholders will get anything, only the bond holders. JMHO GLTY
"The Dean"
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