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scottsmith

07/25/15 11:18 AM

#8659 RE: Doktornolittle #8657

I have no problem buying him out. But I am curious why you believe he signed the contract if he was getting 'screwed'.
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tootalljones

07/25/15 11:45 AM

#8662 RE: Doktornolittle #8657

Dok, this is a made up issue, a message board fantasy concept by people with too much time on their hands. There is no patent dispute. Our Author has no evidence, and no legal training on this issue. His article is good, but once ealier wedded to his idea, he failed to disregard it. NO evidence. No need for a signature. no dispute. No evidence that dr. V. has ever been approached as there is no need to approach him. His employment paperwork was done in conformity with the law. He was not A BABE IN THE WOODS signing a credit card form agreement, like a 17 year old kid applying for mastercard.

Also, we now have a world class patent lawyer in this area on our BOD, which is a nice touch at most. This person or titled person was a hole on our BOD. We are a science company. Many (most?) feature a patent lawyer prominently as a consultant or even here a BOD member. I could give 20 companies out who have such a person listed with management.

frustrating for me. Missling obviously is repeating what he has been told, which is both simple, logical and in conformity with the Law, which our CEO was acting appropriately under anyway.

It is kind of like a message board person telling a nuclear scientist how to handle his nuclear materials, while the MB person has NO more credentials than a shoeshine boy.

our CEO is not free to disregard the current obligations under the undisputed contract, by tossing the inventor a few million to be a good guy. Money is a corporate asset which our CEO is not free to "subjectively" disperse willy nilly.
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JB3729

07/25/15 11:49 AM

#8664 RE: Doktornolittle #8657

Doktornolittle, perhaps you haven't read this -

KKD - That brings me to the patent question - what is its status?

CM - All patents are irrevocably owned by Anavex.


http://seekingalpha.com/article/3354415-interview-with-dr-christopher-missling-ceo-of-anavex
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Doktornolittle

07/25/15 12:16 PM

#8683 RE: Doktornolittle #8657

$216K for two years work and all the patent rights, until the guy is too old to enjoy the rewards. Then he gets 6% of net.

$216K for two years work is about right as a salary for chief technical officer. It's actually the absolute bottom for mear mortals, so a luminary like Vamvakides was giving Avanex a great deal. That means that to date, Vamvakides has really received effectively no compensation for the drugs themselves.

I am likely to make more money over the next three months than Vamvakides made over the last 10 years for the patents. And I am certainly on the bottom half of this totem pole on ihub. If you feel completely comfortable with that then there is something wrong with you, period.