Message: really? another coincidence?
(woody norris' other invention co)
PAMT has filed sec docs stating that they have PCT , patent cooperation treaties...they have 3 d sound on their website with pictures of apple products.
http://www.parametricsound.com/Applications/ComputersandComputerGaming.aspx
http://www.sec.gov/Archives/edgar/data/1493761/000101968712000977/pamt_s1a2.htm
Patents
Our technology is protected by a base of important legacy issued patents obtained through our 2010 spin-off. Additional patents have been filed and we are preparing new applications. We currently own 21 U.S. patents, two foreign patents and five pending patents with certain related patent cooperation treaty (PCT) filings.
While dramatically improving fidelity, we believe that our new technology has increased efficiency of parametric sound reproduction while reducing the cost to be competitive with traditional audio systems. We believe it is very difficult to develop a “knock-off” substitute for our products without being in violation of our intellectual property. We intend to actively defend our patents against infringement.
....also their new president is about to receive a base salary of 350k??? really, and today:
here are their sales for dec 2011:
Sales for the three months ended December 31, 2011 were $64,781 and we expect digital signage sales to grow in future quarters.........but here is what the new president is Potashner is getting:
http://www.sec.gov/Archives/edgar/data/1493761/000101968712000977/pamt_s1a2.htm
"On December 29, 2011, we appointed Kenneth F. Potashner as a director and entered into a consulting and advisory arrangement with Mr. Potashner. On March 5, 2012, we appointed Mr. Potashner as our Executive Chairman and agreed to the terms on which the Company and Mr. Potashner would enter into a compensation agreement after completion of this offering. As our full-time Executive Chairman, Mr. Potashner is responsible to lead the Board of Directors in the formulation of and lead management in the execution of strategic growth initiatives. In such capacity, Mr. Potashner reports to the full Board of Directors.
In addition to completion and approval of a definitive agreement between Mr. Potashner and the Company, including approval by the independent members of the Company’s Board of Directors, the terms of the compensation agreement is subject to completion of this offering and the listing of the Company’s common stock on The NASDAQ Capital Market. Subject to such conditions, the Company and Mr. Potashner have agreed that following completion of this offering, Mr. Potashner would have the right to receive compensation equal to:
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annual base salary of $350,000 commencing the month that this offering is completed,
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annual bonus compensation target equal to 60% of the annual base salary based on satisfaction of performance targets established annually by our Board of Directors,
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retention of the 50,000 options (10,000 options after giving effect to the anticipated 1-for-5 reverse stock split) granted to Mr. Potashner in December 2011 in connection with his appointment our Board of Directors,
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retention of the remaining 2,050,000 options (410,000 options after giving effect to the anticipated 1-for-5 reverse stock split) granted to Mr. Potashner in December 2011 for consulting services, subject to the following vesting changes:
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770,000 of the options (154,000 options after giving effect to the anticipated 1-for-5 reverse stock split) will vest upon entering into the definitive agreement, and
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975,000 of the options (195,000 options after giving effect to the anticipated 1-for-5 reverse stock split) will vest quarterly over two years starting with the quarter ended March 31, 2012, and
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100,000 of the options (20,000 options after giving effect to the anticipated 1-for-5 reverse stock split) will vest on targets to be agreed with our Board of Directors.
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grant of 875,000 additional options (175,000 options after giving effect to the anticipated 1-for-5 reverse stock split) with exercise prices equal to the public offering price in the offering and vesting targets to be agreed with our Board of Directors.
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In addition, we will pay to Mr. Potashner $125,000 upon completion of this offering for services rendered from December 2011 through the closing date of this offering."
wtf??????????
some statician must let me know the odds of PAMT breaking off from LRAD in the 3rd quarter of 2010 --and sequestering patents--the quarter the below patent was filed.
anyone?
April 05, 2012
Apple Reveals Surround Sound System for Future MacBook Pro
Apple thinks it's time for a MacBook Pro to have a kick-ass surround sound audio system. With future MacBooks doubling as our Mobile TV, Movie Theater and high end video conferencing system, it's time to kick the audio quality up a notch so as to compete with PC Notebooks offering Beats Audio. This is definitely a feature that I think that most would welcome with open arms.
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