Looks like CEO (Howard) assigned the AQUAPRIN trademark registration to himself on June 19th 2013 … over TWO MONTHS BEFORE before he resigned on August 22nd 2013. The assignment notes good and valuable consideration, the sufficiency of which is hereby acknowledged” to support the transfer. What consideration? Howard’s August 22nd resignation letter said “Upon resignation I will retire 405,000,000 shares of PharmStar Pharmaceuticals, Inc. common stock back to treasury” and said Howard would get all intellectual property rights, patents and trademarks as compensation for returning the stock.
Looks like CEO (Howard) assigned patent ownership to himself on June 6th 2013 – also TWO MONTHS BEFORE he resigned on August 22nd, and long before he returned his shares.
if PHAR transferred patents and trademarks to Howard in June but Howard did not sign over his shares until August, are the patent and trademark assignments invalid for lack of consideration? And if the assignments are not valid, then does the new Nexus Energy company still technicaly own the Aquaprin patent and trademark?
Market Data 
Markets 
AI
