Re: Wings-fleeced
in response to
by
posted on
Jun 30, 2011 05:47PM
From the link provided by leopard and previously posted by me in the past, you can see that Moore and Fish are listed as the co-inventors since 1995.
Swartz has had a security interest since 2001 with an amended secured promissory note and addendum since 3/2002. Lincoln also listed here.
I believe that Carlton Johnson has been a director since 2002 (corrections welcome)
Are there any personal or corporate guarantees by Falk that his estate could be liable for?....what about Gloria? If you have been a shareholder since before 2004, were you ever made aware that there was a co-inventor and that the company could very well face a challenge to ownership?
Dr Falk has been a PTSC Director since Dec 1997, a Beneficiary of Falk Srs upon Sr's death. Felcyn was the Executrix of Falk Sr's Will, and Trustee of the Falk Family Trust upon Falk Sr's death in 1995. Suit with Fish/PTSC was 1996.
10KSB (Filed: 19-08-2004)FIRST MENTION OF MOORE/TPL OWNERSHIP SUIT
PATRIOT'S LIMITED ABILITY TO PROTECT ITS INTELLECTUAL PROPERTY MAY INADVERTENTLY
ADVERSELY AFFECT ITS ABILITY TO COMPETE
A successful challenge to our ownership of our technology could materially
damage our business prospects. Our technologies may infringe upon the
proprietary rights of others.
We did not develop the technology which is the basis for our products.
This technology, which was originally known as the ShBoom technology, was
acquired through a series of agreements from one of two co- inventors. We have
been, and may again be, subject to claims from such prior parties related to the
technology. Such parties may also attempt to exploit the technology
independently of our rights to do so. The asset purchase agreement and plan of
reorganization between Patriot, nanoTronics Corporation and Helmut Falk was the
agreement under which we acquired the basic ShBoom technology. The agreement
also contained a number of warranties and indemnities related to the ownership
of the technology and other matters. We believe nanoTronics Corporation has been
liquidated and, due to Mr. Falk's death in July 1995, our ability to obtain
satisfaction for any future claims as a result of a breach of the agreement may
be limited.
Also in February 2004, the Company filed a lawsuit in the United States District
Court- Northern District of California, case number C040618, against Charles H.
Moore, Technology Properties Limited, and Daniel E. Leckrone. The Company is
requesting the court to declare inventorship and ownership on each of its
granted patents related to the suits discussed above and other unasserted claims