upchuck329's Profile
upchuck329's Posts
coming quick or they are out of cash.
As of September 30th:
Liquidity and Capital Resources
At September 30, 2016, we had working capital of $124,995 as compared to working capital of $502,854 at March 31, 2016. At September 30, 2016 we had cash on hand of $485,938.
You are right about not to expect a lot of revenue to EDIG. Keep in mind that 44% right off the top goes to Handel and Pat (40% and 4%). The Company will start making the big bucks when Fred and Company start negoiating licensing without legal action.
something big is up with Google if the settlements with the remaining defendents are without licensing agreements.
from 10K
There is a reluctance of patent infringers to negotiate and ultimately take a patent license without at least the threat of legal action. However, the majority of patent infringement contentions settle out of court, based on the strength of the patent claims, validity, and persuasive evidence and clarity that the patent is being infringed. We believe we are building a track record of demonstrating the strength, validity and clarity of our patent claims that can result in significant future revenues from our patent portfolio.