Replies to post #163133 on Lightwave Logic Inc (LWLG)

[JohnSamuel]

X,

I have known Loop since the 1990's. He has been one of the finest lawyers in Houston for over 40 years.
Every person on this board who has owned IDCC - Interdigital stock, knows Loop and his background.
His suggestion is a very good one. IDCC has been in litigation with companies like Ericsson, Nokia, Samsung and Huawei, to name a few.
Some major corporations around the world do not like to pay royalties to use other companies intellectual property and patents.
A company like LWLG may have this problem in the future, whether we want to believe it or not. Sadly none of us know whether or not the "perk" can somehow be reversed engineered. We believe it can not but, it does not mean someone may not try.
A general counsel with licensing experience and NDA experience could help discourage, but not eliminate the possibility of this type of behavior.
Writing contracts that are "bullet proof" is always the goal of patent attorneys, but when they are not, having a patent lawyer who drew the contracts up has a much better chance of defending them than one who is hired strickly to defend it.
I do not want to speak for Loop, but I believe this is his point in making his very resonable comment.
John

[zdog]

X

I read your posts and usually find your opinion useful.

That said, Loophole knows more about business law, and patent law than anyone on this board.

Insulting him makes you sound ignorant to anyone that rode the Interdigital train from $5 to $100.

[cedarcap]

X - I thank you for all your hard work in providing all relevant information(among all the other heavy hitters on this board)that have given me the confidence to accumulate over 3/4 the way to a six figure share count.
Having said that, I don't think you know Loophole very well.

He is a humble good man, a first rate attorney(hence his moniker "Loophole") possessing a boatload of gravitas from Texas. He spent much time helping widows and others investing in IDCC. He provided much insight into IDCC's legal issues: - getting patents accepted into standards, the theft of IP by China, rocket docket court venues etc. etc. IDCC had a great number of good patents similar to LWLG's patent moat. What happens when the patent is ignored and the patent office agrees with them and it goes to Court? Loophole's 20 year + exposure/study of IDCC's legal issues is knowledge that can be very valuable to this board.
Notice he said IMO, acknowledging that all relevant information may not be available to us.
Other IDCCers feel free to chime in.....
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