Replies to post #74731 on MMRGlobal, Inc. (fka MMRF)

[stockmasterflash]

Two questions

a) if those other patents are so valuable, why have no suits or settlements been brought involving them? I assume MMRF went up against 3 multi nationals with it's strongest case and instead of being validated in court, the patents were ridiculed by the judge

b) How does a gluttonous patent troll suing healthcare providers LOWER the cost of healthcare. MMRF isn't providing anything to these healthcare providers, it is simply extorting protection money from them.

[stockmasterflash]

*** MMRF NEWS !!!!!! *****

Patent Troll Can't Stop People From Accessing Their Medical Records Online Anymore

January 7, 2015 | By Adi Kamdar

https://www.eff.org/deeplinks/2015/01/patent-troll-cant-stop-people-from-accessing-medical-records-online

You must comply with a new law that was just passed, but doing so means you are probably violating one of our patents. So you might as well pay up now.

This is essentially what a demand letter sent by MyMedicalRecords, Inc., an electronic health records provider with numerous broad patents, could have said in its letter to a youth treatment center in Oakland.1 We received this letter on Trolling Effects in December 2013. It falls in the category of threats from patent holders who decide to go after companies for abiding by new rules or regulations—doing so, they allege, infringes one or more of their patents.

Late last month, Judge Otis Wright of the Central District of California invalidated five claims in one of MyMedicalRecords’ patents in a case involving Walgreens, Quest Diagnostics, WebMD, and more. Wright’s decision [PDF] is one of many new cases that have implemented the Supreme Court’s recent ruling in Alice v. CLS Bank, a groundbreaking decision that basically says: you can’t make an abstract idea patentable by simply adding “do it on a computer.”

In the case, MyMedicalRecords asserted a patent that covered a method of providing online personal health records in a private, secure way. Wright rightfully found that “the concept of secure record access and management, in the context of personal health records or not, is an age-old idea,” and is therefore abstract.

Now, according to the “Mayo test” that Alice deemed courts should use, an abstract concept could be patentable if it’s associated with some sort of “inventive concept” that goes beyond just the abstract idea. In the case of MyMedicalRecords’ patent, though, the additional claims fell flat, involving only “routine, conventional functions of a computer and server.” Under Alice, this patent is as good as gone.

What about the other patents MyMedicalRecords mentioned in its demand letters and lawsuits? Those—all similar to the recently invalidated one—are in a precarious position right now. This recent decision sets a strong precedent that should make the company think twice about going after any other healthcare providers, who now have strong ammunition to fight back against infringement claims.

This is great news, but it only comes after the initiation of a lawsuit against some deep-pocketed defendants who had the ability to fight back. This is a luxury that many recipients of MyMedicalRecords’ letters simply don’t have. For that reason, strong patent reform is critical. We need a faster, cheaper way of challenging broad, vague, heavily abused patents like this—and we need to make sure they don’t get issued in the first place.
1.
The actual text is as bad: “MMR’s Patent Portfolio covers a broad range of ways to maintain and manage patients’ health information, such that if you are communicating health information to patients, including all or a part of such patients’ medical records by means such as a telephone, facsimile, electronically or via a web-based portal, it is likely that you are or will be infringing upon MMR’s Patent Portfolio.”

Files
mmrf_466_judgement.pdf
https://www.eff.org/files/2015/01/07/mmrf_466_judgement.pdf

https://www.eff.org/deeplinks/2015/01/patent-troll-cant-stop-people-from-accessing-medical-records-online

[stockmasterflash]

Question for the genius bigshot MMRF CEO

How is it that MMRF can owe somebody over a million dollars for 5 years, yet no collection action was ever taken and no lawsuit filed gainst MMRF. Then MMRF writes the debt off as uncollectable without objection by the party owed over $1 million dollars

That don't pass the laugh test. No way that was an arms length transaction. MMRF walks away from $1 million debt it owes without the other party giving a crap?

Sounds more like a genius scheme to hit one of the AMEX listing requirements. You know what the other one is??? REVERSE SPLIT.



http://www.sec.gov/Archives/edgar/data/1285701/000113626114000485/form10q.htm

((page 28))

Other Income

Other income for the three months ended September 30, 2014 and 2013 was $1,672,820 and $6,650, respectively. Other income for the nine months ended September 30, 2014 and 2013 was $1,672,820 and $16,884, respectively. The Company has a policy, based on the statute of limitations, as prescribed by law, to write-off accounts payable that are more than four years old with no current activity. The increase to other income is mainly due to the application of such policy and the Company's ability to leverage its cash position to settle outstanding payable balances with discounted amounts which are favorable to the Company. The.

[stockmasterflash]

Same 10Q as the previous post

I don't see $1.7 million in payables having disappeared from Q2 to Q3. More sleight of hand by the wizard???

(((click image to enlarge))
Q3
http://www.sec.gov/Archives/edgar/data/1285701/000113626114000485/form10q.htm



Q2
http://www.sec.gov/Archives/edgar/data/1285701/000113626114000371/form10q.htm