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Re: stoper1 post# 54913

Thursday, 02/09/2012 10:26:26 AM

Thursday, February 09, 2012 10:26:26 AM

Post# of 60937
The company is dead but the patent's value remains intact. It was the BOD that had suppressed the patent for eight years that was the problem. That has been ended with an order to sell the company assets "to best maximize the value for the Creditors and Shareholders." Sounds good to me. When any company goes out of business, its assets (plant, property, equipment, intellectual property, patents, etc.) retain their value and are sold to the highest bidders. Just because Turrini and Pierce apparently defrauded the shareholders in their attempt to steal the patents doesn't mean the patents suddenly become worthless. Things will settle down within the next week.

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