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Re: ReLoad25 post# 4435

Friday, 03/25/2011 11:37:04 AM

Friday, March 25, 2011 11:37:04 AM

Post# of 40315
WOW!!! A 'Term Sheet'! That's impressive

What terms? Don't know.

How do you license something that is not patented?

Why would anyone pay license fees when they can buy one machine and then copy it with no repercussions and not have to pay fees?

This 'Term Sheet' is novel though. OTCBB's used to use 'Letters of Intent', but I suppose this is the latest spin mechanism. It is neat though, how the companies involved avoid any true disclosures because a 'Term Letter' is not a 'material agreement' that requires an SEC filing.

Regards

P

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