But here's the sweet thing, OOohhhh..I love it.. the thing is, that sale of patents Remote Dynamics made to Vehicle IP for $500k was actually a sale to themselves..hahahaha.
The inventors William and Kenneth OWN both companies. LOLOLOL...SWEEEET
They made a sale to themselves. Those patents didn't go a damn place.
I JUST LOVE IT !!!!
These guys are nothing but landlords of their tech. Sweeeeeeet!
Yeah, they'll rent it to you but they ain't sellin.
Their latest name for the patent-holding company is Iron Oak Technologies.
It’s ok, the truth will set you free via SEC filings.
On December 23, 2005, the Company consummated the sale and assignment of certain of its patents and pending patent applications to Vehicle IP LLC in exchange for the payment by Vehicle IP LLC to the Company of $500,000 (the “Patent Sale”) resulting in a gain of $500,000.