Yeah, its looking like Snap is falling under more class actions from law firms cashing in on investors that lost money. Its the beginning of the death spiral.
Even if settled in court, i would not expect a heavy payout. snap payed just over 7 million for the Mobil Patent. I dont know much about patent law, but would not expect heavy awards, even if infringement could be proved. Settling quickly, but Snap accepting they infringed would be a good outcome.
Uama needs the patent set in stone, as it will be the basis of any capital financing deals they need to get in place to get iFramed moving.. we also need to get off the Pink sheets. Really hoping to get the filing out of the way soon.
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