Alexander Poltorak was appointed as a director in the company. Poltorak was the Chairman and CEO of General Patent, an intellectual property management firm focusing on IP strategy and valuation, patent licensing, enforcement and brokerage. The CEO of Spherix stated that Poltorak's extensive experience in the patent monetization industry will provide valuable governance leadership to Spherix. An article on seekingalpha also mentions that 'Poltorak is a pioneer in this industry and has looked at more patents than almost anyone over the past couple of decades. He has spent his working life focused squarely on the intellectual property business, and his decision to join Spherix is another strong indication of the quality of the company's portfolio.' The author has also mentioned that though it is difficult to value the patents owned by Spherix, the deal with Rockstar and the leadership of Hayes were good enough reasons to invest in this high-risk, high-reward bet. The transaction with Rockstar involved granting ownership of certain patents to Spherix in exchange for shares of Spherix (instead of cash) as well as a share in future profits from these patents. So 'it appears to be a situation where Rockstar is turning the patents over to Spherix who is highly motivated to extract value from them.' Hayes has a successful track record of monetization of patents in many other organizations. The fact that Hayes has joined Spherix indicates that he sees value in these patents. Considering the experience he has in the industry, his opinion or decision needs to be given due weightage. The author mentions that the low float makes the stock extremely volatile. He also mentions that Spherix is just beginning to explore ways to extract value from its patents, and it is difficult to estimate the future cash flows.
