A reply from Fred
posted on
Aug 17, 2011 09:33AM
As suspected, probably not much discussion at the ASM related to the recent patents filed or what the business plan is and where we stand on each element. These phantom areas are the crux of our business beyond the lawsuit process and without any positive patent resolution, we have to rely on words as opposed to actual successes.
These major issues need to be addressed to the degree that the shareholders have a level of comfort with respect to future achievements. As promised more than 6 months ago, an update on Nunchi, the partnerships, and an overview of the applications.
To some degree, confidential is no longer acceptable as our stock is slowly eroding toward $.01 or less. Management and the BOD have to be willing to share much more information than in the past, the shareholders need to aggressively make this clear.
Dear Richard,
Thank you for your email and please accept my apologies for not getting back to you with regard to your July 6th email. I was consumed with addressing the Markman ruling with DM. I will address your points below at the shareholders meeting to the degree I can without compromising our IP development or business plan. With regard to the patent applications, there are strategic business reasons why we filed the applications in a way that keeps the details of them confidential. We will continue to keep the details of the patent applications confidential for as long as we can as we anticipate additional patent applications, as we develop these technologies further. We certainly wouldn't want to give a potential competitor a heads up on what we're doing. I hope you understand.
Kind regards,
Fred