It appears MHTX is paying Carpenter a licensing fee
What I gather from the 8K is that the patents in question are owned by CRS, and that MHTX is licensing them. It looks like MHTX's own patent for the actual ECAP process expires next year.
This is quite amazing to me. CRS dropped MHTX like a hot rock. They tossed back the equipment and around 8 million bucks after five years of R&D. CRS basically said they couldn't make it work, either technically or economically. Even with their own patented annealing process they ditched it.
A couple years later MHTX and the "Assignee" license it from CRS? What sense does that make?
Un-frickin-believable. This seals it for me. Marv and Manny gave it away for a song and there's no money to be made for shareholders. I can't see it any other way.
Of course, I could be misreading the 8K. Anyone, change my mind.
The guys mentioned below are CRS guys, and the patents mentioned in the 8K refer to CRS patents.
"2. Further Assignments. If required by the U.S. Patent and Trademark Office, or otherwise if needed during prosecution or enforcement of the patents encompassed by the New License Agreement, MSI shall use its best efforts to receive an assignment from each of Gian Colombo, Venkata Anumalasetty and Yuliya Mardakhayeva relating to the ECAP Technology in substantially the form as previously received from Graham McIntosh (the “Assignments”). MSI covenants and agrees, at its sole cost and expense, to use its best efforts to effectuate the Assignments within sixty (60) days upon notice of any such requirement. If the Assignments are not obtained within such period, ACQUIROR may suspend a portion of other payments required under this Agreement or any of the other Agreements until the Assignments are obtained, where such portion is 100% if the lack of such Assignments raises a question as to ACQUIROR’s right to use the technology in the subject patents, and 50% otherwise."
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