In my opinion, the revenue covenant will not end up being a material issue for the company. Hopefully they will reach the threshold before the end of the year, but even if they do not, the most likely result will be a slight modification to the terms of the Fortress deal. I just can't see Fortress attempting to take an action that will have an adverse impact on the company as MARA is best positioned to monetize their existing assets to repay Fortress.
And to IPHawk's point, the delay in generating revenues from their marquee portfolios is not an indication a decreased expected value of such portfolios. Rather, in terms of patent monetization, it actually the opposite (especially where, as here -- at least with respect to certain portfolios -- MARA continues to pass certain roadblocks as their cases press on towards final resolution).
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