Message: pamt.ob spinoff date
from LRAD (woody norris patent companies)...see below:
The Spin-Off and distribution of 100% of our common stock to the stockholders of LRAD Corporation occurred on September 27, 2010, at a ratio of one share of our common stock for each two shares of LRAD Corporation common stock held by each such holder as of the record date of September 10, 2010. LRAD Corporation no longer has any ownership or other form of interest in our Company.
also see below excerpt from Pamt.ob aug 2nd 10Q:
Patent impairment expenses consist of amounts expensed for patents no longer necessary to support the Company's business strategy. During the three months ended June 30, 2010 patent impairment expenses were $18,005. There was no impairment for the most recent quarter. We intend to retain certain U.S. patents and are pursuing additional patents applicable to our planned new generation technology (HSS-III) and we intend to retain certain existing U.S. patents as defensive or blocking patents. We are considering filing additional patents related to our technology. We do not currently anticipate any significant patent impairment charges in future quarters of fiscal 2011 or 2012.
well, was 2 days before e.digital's PR of 9/29/10 re:
“Our new IP developments beyond Flash-R and eVU are progressing rapidly,” added Falk. “We’re on schedule to file patents and announce these new technologies next quarter. Also, we’ve received and responded to the second USPTO office action on our active digital storage media encryption patent application.”
“Due to increasing Flash-R and new IP-related activity, and the expected timing of material events related to new business developments, we will hold our next meeting of stockholders in February,” concluded Falk. “We will provide more information on business activities and developments in Company communications next quarter.”
On 3/11/11 Woody Norris sold 3.2 million in LRAD shares, see below:
DateInsiderSharesTypeTransactionValue*
| Mar 31, 2011 | NORRIS ELWOOD GOther | 1,600,000 | Indirect | Sale at $2 per share. | 3,200,000 |
and as you can see below, before and after that date, he has put money into pamt.ob after getting lots of shares for zero (i would guess because he's the inventor, duh)see below, pamt.ob acquisitions...
| Insider Filings - NORRIS ELWOOD G | Last Updated 1-Jul-11 |
| Enter symbol: symbol lookup |
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| Insider & restricted shareholder transactions reported over the last two years | ||||||
| Date | Shares | Stock | Transaction |
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| 30-Jun-11 | *538,000 | PAMT.OB | Option Exercise at $0.30 per share. (Cost of $161,400) |
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| 30-Jun-11 | *176,877 | PAMT.OB | Acquisition (Non Open Market) at $0.70 per share. (Value of $123,813) |
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| 11-May-11 | *10,000 | PAMT.OB | Purchase at $0.72 per share. (Cost of $7,200) |
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| 31-Mar-11 | *1,600,000 | LRAD | Sale at $2 per share. (Proceeds of $3,200,000) |
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| 22-Feb-11 | *300,000 | PAMT.OB | Acquisition (Non Open Market) at $0.50 per share. (Value of $150,000) |
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| 13-Dec-10 | *29,659 | PAMT.OB | Purchase at $0.34 - $0.38 per share. (Cost of about $11,000) |
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| 27-Sep-10 | *1,856,715 | PAMT.OB | Acquisition (Non Open Market) at $0 per share. | |||
| 27-Sep-10 | 128,598 | PAMT.OB | Acquisition (Non Open Market) at $0 per share. | |||
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ok, so i have no idea if there is any current relation between pamt.ob and edig.ob, but they are both woody norris patent based companies....and Robert Putnam resigned to be investment relations for LRAD in dec 2010...and LRAD had a good amount of institutional investors now.... glta plankton ;) |
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