Re: are they worth the money???
in response to
by
posted on
Feb 15, 2013 09:36AM
Morning Teddy,
Fron the (9-16-12) 8-K, your comments about the monthly fee to Handal is not correct. It is an upfront fee, creditable upon settlements. This took effect in Sept, so that's 6 months = $180K.
Handal has agreed to handle the Company's Patent Enforcement Matters on a partial contingent fee basis. The Company will pay a monthly retainer fee of $30,000 creditable against future contingency recoveries. Handal has agreed to advance related expenses excluding experts and prior art search firms. The Company has agreed to (a) pay Handal a fee equal to 33% of any license fee or settlement related to Patent Enforcement Matters, less prior retainers; and (b) reimburse Handal for advanced expenses. The fee is 40% if litigation is required and successful.
This deal is far better than that of DM, except for the upfront fees.
As to NUNCHI progress...don't blink.