OriginClear Inc (OCLN)

[Jackle]

You say no sales, you say no patents
The Originoil 10-K form 4/16/2013 states

Sales $ 588,163 (2012) $ 180,000 (2011)
Patents $317,689 (2012) $180,380 (2011)

This ties in with what the company have openly stated.

It also states no less than 35 patent applications the company has lodged some published... if anyone isnt aware the approval process can take years so be offcially rubber stamped, but they patents are lodged. (It also states ones abandoned through lack of need any more)

The 10-k form also states:
Revenue for the year ended December 31, 2012 $588,163 . Cost of sales for the year ended December 31, 2012 $401,647 . The increase in revenue and cost of sales was due to an increase in equipment sold and the related material supplies and consultant fees for equipment production.


To date we have had minimal revenues due to our focus on product development and testing. In addition, we are not focused on immediate sales of equipment, beyond demonstration equipment, but on licensing or private labeling type transactions, which we believe has the potential to yield stronger long term revenue.

So on what basis is your NO Sales and NO US Patents. They have had sales (small but they are happening and likely to grow). They have been openly notified by Riggs to share holders and they appear in the filings. Patents are in various process of the approvals process. Some published already, some awaiting. This is not unusual, its not proof of a scam as you insinuate .. you are just intentionally knocking the stock.

Your quote "and we may face delays and difficulties in obtaining these patents, or we may not be able to obtain such patents at all." is a simple disclaimer that is put on many 'assumptions' for the company as it would and should be. This is not unusual, it is not scam worthy, it is simple risk disclaimer amongst many others in the filings.