Replies to post #27894 on Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[thefamilyman]

I know if I owned a valuable patent and was licensing (or selling) those patent rights, I would have two clauses in the contract. One would be that if the company were to sell those patent rights, I would have the right of first refusal. The second clause would be that if the company declared bankruptcy (or otherwise went out of business) then all patent rights reverted back to me. This would be the case particularly if I was selling/licensing those patent rights to a company for which I was the CEO. After all, I would be negotiating with myself.

But in this case... who knows?

"I guess, this is just a guess, if nobody takes the patents JW might take them back automatically????????????????????" - idcc2006

[MineAllMine]

I think we can assume that Patrick Cox knows about this. I don't know enough about him to know whether he'd get involved in IP issues in any way, but it'd be nice if he made others aware. As for JW automatically getting the patents back, my non-attorney, uneducated guess is that would fly in the face of shareholders having some ownership. I guess our only hope is that someone does buy the IP and for a lot more than the $21 million in debt that would go right to creditors.