I'm only assuming they have been settled. I'm not 100% sure. I do know these cases have been voluntarily closed by Marathon subsidiaries, but that's no indication of settlement, I'm assuming they are settled since we voluntarily dismissed them. I would need a PACER account to read the dockets. I don't understand why 8ks weren't filed, but I did ask Jason if settlements require 8ks. His response:
"Whether an 8k is filed or not depends on whether counsel deems it material or not. Most of our settlements will likely not require an 8k be filed. Clearly as revenue grows, the impact of any one settlement will likely become less material.Materiality is really a moving benchmark based on existing and past circumstances."
Jason can't discuss legal proceedings, even if they are closed, so I can't get anything out of him.
Next quarter financials will be telling. Again, Marathon is about base hits and settling, so I wouldn't expect huge settlements. Many small settlements and license agreements adding up to huge revenues is what we are shooting for. I do expect grand slam settlements with the Dynamic advances and Sarif portfolios. The IP liquidity portfolio will also bring immediate contract revenue.
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