Wednesday, April 18, 2012 1:47:38 PM
Payback is a b*tch isn't it?!
Five down, six more defendants to go..
Blu cig giving Dragonite 'a payment'! It should be interesting to find out for how much. If it is big, the payment could fund manufacturing operations for a few years which could put the ecig operations back on track.
"The 994 Patent is expected to facilitate new supply agreements with
distributors in the near future."
Poor VPC*, not sure what will come of them, for now it looks like they are in default as regards the patent suit. Not sure if it means they will be forced to cease and desist selling their product line or have to make a 'payment' like Blu is doing. It looks like the VPC* bid is still the same so not sure if the investors over there got the news yet.
Well, so much for waiting until 2013 to find out what would happen with this case. The patent is also good news but it is rather interesting that the USPTO is granting patents like candy to a Hong Kong company and they seemingly drag their feet and refuse to grant a unique invention patent to a Nevada startup company. Perhaps there is more than meets the eye in this regard but I rather think it at the least raises an eyebrow.
I guess we will see where HK:2995 finally trades once all the issuances, splits and everything is done but I should think it will be higher. Last check before this news it was at HKD$0.13 which would make 'current' fair price for DGTLF at USD$0.016. Feel free if desired to make a trade happen for a few shares at that level in order to print a fair price on the ticker instead of allowing that ridiculous $0.001 last printed price to remain.
GLTA
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