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GrauGringo2

04/05/23 1:22 PM

#139116 RE: camelion #139114

So the question is do you think a very small business in a huge mega billion dollar petrochemical market will make something and keep it. Do you think big organizations would not have it if it held value. $CMGO really.
Bearish
Bearish

MrYing

04/05/23 3:42 PM

#139124 RE: camelion #139114

The link below takes you to the SEC case text (Laura, et.al.). According to the complaint, the company name was Pristec America, run by the same person involved in NJPP & New Vac Tech. The company that owned the technology was based out of Austria (Pristec AG) and they sold the patents to Earle Refining who is suing NVT for patent infringement. The second link below will take you to that case text.

Apparently, as alleged, individuals involved with NVT once worked for the Austrian company in research and development and had all the scientific data to the technology available to them. Somehow, these individuals aligned themselves with NVT and were accused of patent infringement.

https://www.sec.gov/litigation/complaints/2023/comp25626.pdf

https://www.courtlistener.com/docket/63578344/1/earle-refining-llc-v-new-vacuum-technologies-llc/

https://news.bloomberglaw.com/ip-law/cmgs-partner-in-oil-refining-tech-venture-is-sued-over-patent