RCMW Group Inc (fka RCMW)

[palmspringsbum]

From my notes:

10Q of 20 Sep 10, for the quarter ending 31 Jul 10, pages 19 & 29

We do not own, either legally or beneficially, any patents, trademarks, servicemarks, or other registered intellectual property. We license certain patented intellectual property from the Canadian Department of Fisheries and Oceans.

They go on to say that they have no way to protect their super-duper process, can't afford to patent it, and there is nothing to prevent a competitor from stealing it.

from page 29 of the same document:

The success of our operations rely to a significant degree upon our ability to develop, maintain and protect proprietary products and technologies. At present, we have not filed applications for any patents on our proprietary technologies and these could be at risk of being copied or stolen by competitors. Additionally, even if we do patent our proprietary processes, patents will provide only limited protection and would likely require substantial costs to enforce. If our trade secrets become known, our business and competitive position could be adversely affected. Additionally, if we do not continually invest in the development of new processes and technologies, our current processes and technologies may become obsolete and this could have a material negative impact on our business.

(They should pay me to read all this bla-bla-bla...)

The "proprietary products and technologies" they're talking about is the 90% increase in oil extraction over other methods - the one that all the pretty diagrams are about.

The 10Q filed 15 Dec 10 for the quarter ended 31 Oct 2010 contains the same paragraphs, on pages 20 & 30.

To acquire such a patent would be a significant event and would require filing an 8K. Such a filing has not been made.