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Re: None

Friday, 01/27/2012 9:42:29 AM

Friday, January 27, 2012 9:42:29 AM

Post# of 64361
In reading the articles that came out recently with this new partner Jindal Steel and Power in did not hit me the first time but the way it is written they are only getting 4 mil for the "exlusive" patent and if it works taking 65 percent of the profits (which is still a pretty big IF).

1. So does an exlusive patent mean they can not sell anymore patents to other entities for a period of time? If so how long?

2. Will there be enough money left over of thier 35 percent take to cover a deficit of 175 mil?

Could they still go under even if it works due to such a large debit and bad practices of the past owners?

Hoping for the best because this has to be one of thier last grabbs at success. Didnt the last license price mentioned in the neighborhood of 10 mil. and what good is an exlusive 4 mil patent sale when you have 175 mil in debt?