Sunday, June 13, 2010 8:55:16 PM
Hey Guys,
I agree with everyone that SSWC is one nice IHUB board. So I've been in this stock since a month ago. Had to wait one long month with no movement for this awesome run to come about. It has been one exciting week. Don't seem to post that much but I have been keeping up with all the other posts.
One thing I wanted to add... This is a very basic idea and you probably already know this but just incase.
One thing I saw posted on the board was the question what makes Ken's products so special that it will stand out and really increase this stock compared to other stocks/ products? Developing a new product and obtaining a patent for a product are two very different things.
If there is just a product being released with no patent, then other competitors can jump in the market and build comparative products just like the one that was just released. As competition goes up, price will go down until eventually price equals demand and supply. In such a scenario each competitor is only taking a percentage of the market demand for the product and sharing the market with other competitors. In such a scenario competitors fall to the waste side.
However, when you have obtained a patent you basically have a monopoly on the product. As such, the price should increase way above where supply equals demand on that product based on what people are willing to pay for the product. This basically happens because no other competitors are allowed to build the product for a certain amount of time. So there is no competition in the market whatsoever!!! And anyone that does want to build the product will have to enter into an agreement with the patent owner and will have to pay the patent owner in some way shape or form for those rights. No competition= successful product
This is why patents are key factor to having a successful product and business. It takes a long time to obtain patents (like years), it is a difficult process to go through with the US government, and the fact that Glynn has so many at the start of this company is awesome. So as long as there is some kind of demand for these products that Ken has obtained patents for, we got a GOLD mine sitting in front of us!!!! And usually the US government won't even grant a patent unless there is some kind of demand for the product.
Here is a link to the US patent process. http://www.uspto.gov/patents/process/index.jsp Its pretty extensive.
Also another cool thing about patents are that there is a lot of time consuming work done to obtain the patent. But once all that work is done and the patent is granted, you could be sure there is a useful new product there that will actually work.
I mean GOIG is based on one patent and the stock has gone all the way up to .06. Having one patent is huge, but Ken has hundreds granted and about 23 pending which is amazing!
And my take on Ken's patents is that alot of them seem very functional, for everyday use, and that suggest to me that there will be a decent amount of demand for them.
Just something that I think is the key to this stock standing out and being different, and the price skyrocketing.
I agree with everyone that SSWC is one nice IHUB board. So I've been in this stock since a month ago. Had to wait one long month with no movement for this awesome run to come about. It has been one exciting week. Don't seem to post that much but I have been keeping up with all the other posts.
One thing I wanted to add... This is a very basic idea and you probably already know this but just incase.
One thing I saw posted on the board was the question what makes Ken's products so special that it will stand out and really increase this stock compared to other stocks/ products? Developing a new product and obtaining a patent for a product are two very different things.
If there is just a product being released with no patent, then other competitors can jump in the market and build comparative products just like the one that was just released. As competition goes up, price will go down until eventually price equals demand and supply. In such a scenario each competitor is only taking a percentage of the market demand for the product and sharing the market with other competitors. In such a scenario competitors fall to the waste side.
However, when you have obtained a patent you basically have a monopoly on the product. As such, the price should increase way above where supply equals demand on that product based on what people are willing to pay for the product. This basically happens because no other competitors are allowed to build the product for a certain amount of time. So there is no competition in the market whatsoever!!! And anyone that does want to build the product will have to enter into an agreement with the patent owner and will have to pay the patent owner in some way shape or form for those rights. No competition= successful product
This is why patents are key factor to having a successful product and business. It takes a long time to obtain patents (like years), it is a difficult process to go through with the US government, and the fact that Glynn has so many at the start of this company is awesome. So as long as there is some kind of demand for these products that Ken has obtained patents for, we got a GOLD mine sitting in front of us!!!! And usually the US government won't even grant a patent unless there is some kind of demand for the product.
Here is a link to the US patent process. http://www.uspto.gov/patents/process/index.jsp Its pretty extensive.
Also another cool thing about patents are that there is a lot of time consuming work done to obtain the patent. But once all that work is done and the patent is granted, you could be sure there is a useful new product there that will actually work.
I mean GOIG is based on one patent and the stock has gone all the way up to .06. Having one patent is huge, but Ken has hundreds granted and about 23 pending which is amazing!
And my take on Ken's patents is that alot of them seem very functional, for everyday use, and that suggest to me that there will be a decent amount of demand for them.
Just something that I think is the key to this stock standing out and being different, and the price skyrocketing.
