M-Band Patent No. 8,053,214, "Apparatus and Method for Extracting and Analyzing an Analyte from a Fluid-Based Sample" was awarded to PositiveID's MicroFluidic Systems ("MFS") subsidiary, which maintains a strong and growing patent portfolio.
This actually means that PSID itself does not own the infamous M-BAND patent. Its daughter company in California (?) owns it. I understand that PSID itself is a holding company that funnels stockholders money to its subsidiaries for R&D work. Its all fine and dandy, but come to think of it - PSID itself is deeply in the "red" income-wise, whereas its subsidiaries are awarded patents to make profit on. Am I the only one who thinks this does not smell right ? Overall, in mean.
Yes, it might be very smart from the company's point of view to protect its IP assets using corporate structures, but - HEY, what about the small shareholders over here ?
Just my opinions only.
