Re: SOOOOOOOOOOOOOOOOOOO...
in response to
by
posted on
Jul 25, 2014 09:03AM
Selling goods and services is the normal course of business, thus not classified as a "material event" by the SEC, unless the impact on the company is considered material.
Sounds like double talk, but EDIG folks have explained this at SHM's here and there.
Hypothetically, lets say Apple licensed Nunchi and it was an exclusive arrangement, so that no other company can license. The deal was 10 mln up front then 20 mln per year for life of the patents.
That's material.
On whether or not there will be more Nunchi suits filed, the answer is right here via July 2 PR.
“We are starting to see products introduced that exhibit reliance on the teachings of our Nunchi patent portfolio,” commented Fred Falk, president and CEO of e.Digital. “The Dropcam product is an example of this.
“We would like to see this technology develop and are willing to work with companies to develop their own applications and products, but not at the expense of our licensing program or shareholders. We must therefore take steps to enforce and protect our intellectual property (“IP”) against those that leverage our valuable company assets for their own gain. We believe there are many other industry segments that are or will be fielding products that incorporate the technologies we’ve invented. As a result, we will continue to work closely with Handal & Associates
Do I even have to say IMO?
There will be more Nunchi suits.