Wednesday, November 24, 2010 6:33:47 PM
NOTE 3 – PATENTS
Patents are mainly comprised of legal services paid to a shareholder and patent application fees. Exobox began amortizing these costs since the patents have been granted. Patents were impaired as of July 31, 2009 for $50,591.
On September 15, 2009, Exobox sold its SOS Patents to Scott Copeland for $95,000. On November 1, 2009, Copeland sold these SOS patents back to Exobox for 1,250,000 common shares valued at $56,250 and also a royalty of 3% of any net proceeds derived from the SOS technology.
Looks to me, it fell 40% in 'value' in 2 weeks. Lets give it the same $56000 value - whats that in share price? 0.0001 - yep, friggin gold mine man.
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