Re: @PeteLozano and Shboomer - what's your goal?
in response to
by
posted on
Feb 07, 2011 06:17PM
With respect, I was addressing the criteria YOU had set for success and pointing out that PTSC had, apparently, been unable to meet those criteria over a period of several years.
You are the one who said the patents must be impregnable. I agree this is US PTO hands for certain challenges. However, about 80 companies have already licensed so do you contend that all of the alleged 'hundreds' remaining are awaiting US PTO? How many of the remaining 'hundreds' have perhaps not yet been contacted?
You are the one who said a strong sales force is necessary, and I pointed that PTSC doesn't have one. What about sales/marketing to aggressively pursue partnerships for Cross-Flo etc? If PDSG "might be sold", who is strongly looking at "selling" it and with what expertise? Does TPL/Alliacense have a 'strong' sales force or are they waiting on US PTO before pursuing the remaining 'hundreds'?
You are the one who said reliable ongoing revenues are required. I agree that US PTO is a large factor but, again, what about the remaining 'hundreds' of companies?
However if, as you seem to imply, PTSC cannot progress until US PTO is 'done', then now is the time to get a BOD in place that has the legal, financial and business expertise to aggressively pursue MMP licenses, hold TPL/Alliacense's feet to the fire, review each and every past agreement for fiduciary responsibility, litigate as necessary and also decide what to do with PDSG.
The prior BODs, as whole, haven't had the results that should have been forthcoming.
When the "whole" isn't working right, divide and conquer.
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IMO, this is primarily attributable to infringers waiting out the USPTO to issue FINAL reexam certificates. Which hopefully they are finally starting to do.
Why would PTSC need a sales force? MMP licensing is handled through Alliacnese. PDSG might be sold. Hire people so you can fire them with severance?
Go back to the first item. How can you develop ongoing predictable revs if the patents are under constant assault in the USPTO? You realize that some patents have been under reexamination for 4 or 5 years now. Our beef should be with the USPTO, no?
If you are who you claim to be, surely you would have had an appreciation for the impact of all those reexaminations.