InvestorsHub Logo
icon url

1nvestor

07/29/08 9:10 AM

#15376 RE: Gold Seeker #15371

Actually, I believe they had revised the "agreement" or Abbott MIGHT have returned the license but in return for not having to pay the $50,000 they upped the royalty for RECAF, kept the agreement (with changes) but ever since the GE sale was anticipated, would not actively work on anything in that area. If BOCX could do their work for them, why return the license as it at that point was a win-win as far as they were concerned. They had to license Recaf in the beginning at LEAST as a defensive move as IF it took off, it could seriously hurt one of their big products.