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Gold Seeker

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Gold Seeker

Re: Old Git post# 19795

Tuesday, 03/18/2014 10:55:11 AM

Tuesday, March 18, 2014 10:55:11 AM

Post# of 30046
Old Git, you cannot "renew" patents. They have a finite life of 20 years from the effective date of application. Two patents concerning DR70 were issued. One has expired and the second expires in just over two months.

The agreement with UNI gave them the responsibility to continue the current patent application effort.

Even a rube falling off a turnip truck can see that it is not in the best interest of UNI to continue any patent application efforts. Just read the agreement.

1. Any royalty is no longer obligated after the last issued patent expires in June.

2. When the last issued patent expires, the agreement is cancelled. That is clearly stated in the agreement so there would be no obligation by UNI to continue any patent application efforts after June 2, 2014.

I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.

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