Replies to post #106097 on DD Support Board and Research Team

[bilrip]

Someone dug up $FB news that shows they sold $FB a patent

[nodummy]

NVNT - Looks like the patent for a product that NVNT was working on when it went dark in 2011 was sold to Facebook yesterday

The product as you can see on their website which hasn't been updated since 2012 is some arm controller for video games

http://www.novint.com/index.php/products/novintxio

Here is the document showing the sale of the patent

http://pdfpiw.uspto.gov/.piw?PageNum=0&docid=09299230&IDKey=EDBAD3728EC0%0D%0A&HomeUrl=http%3A%2F%2Fpatft.uspto.gov%2Fnetacgi%2Fnph-Parser%3FSect1%3DPTO2%2526Sect2%3DHITOFF%2526p%3D1%2526u%3D%25252Fnetahtml%25252FPTO%25252Fsearch-bool.html%2526r%3D4%2526f%3DG%2526l%3D50%2526co1%3DAND%2526d%3DPTXT%2526s1%3Dfacebook.ASNM.%2526OS%3DAN%2Ffacebook%2526RS%3DAN%2Ffacebook

And the article that somebody found that kicked off the action today

http://qz.com/650476/facebook-wants-to-build-this-crazy-arm-controller-to-make-vr-even-more-realistic/

I only just glanced at this when I saw the post on the DD forum asking about it.

The last financial report for NVNT was a 10Q for the period ending September 30, 2009 in which they disclosed having an accumulated deficit of $34,684,588 and losses for the year totaling more than $4.2m

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6909046

They were in bad bad shape at that point.

Then in 2011 they acquired a company called Force Tek Enterprises, LLC merging it into a subsidiary. With the acquisition of Force Tek Enterprises, LLC came the patents for the video game devices

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7855451

http://www.sec.gov/Archives/edgar/data/1282980/000114420411021212/v218101_ex99-1.htm

Here is an old article from 2010 about the XIO device from before the merger

http://www.engadget.com/2010/06/18/forcetek-xio-the-gaming-controller-that-hurts-you-not-the-tv/

Shannon Vissman of Force Tek Enterprises became the new CEO of NVNT shortly after that

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8209194

Then NVNT went dark on December 22, 2011 filing a Form 15

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8303664

What happened between 2011 and 2016 I have no idea. Looks like operations were moved from New Mexico to New York. How much they sold the patent for I'm not sure. How much value it translates to for NVNT shareholders I'm not sure. What sort of state the company is in today I'm not sure.

What is sure is that because the ticker went dark more than 4 years ago the price sank to as low as $.0004/share due to the lack of interest and lack of activity. The starting price of $.0005/share today when the action started was really low for the share structure so now we get all sorts of crazy price action from the sudden interest in the ticker.