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Posted On: 12/08/2017 3:39:23 PM
Post# of 82676
I am not sure about now but Fortress invested in RPX and then in penny stocks according to this excerpt from a long article in the Patent Investor...hmmmm
Fortress’s Zur has been busy financing penny stock IP monetizers
Eran Zur, managing director of Fortress Investment Group LLC’s (FIG) intellectual property finance group, has made a dramatic about-face since co-founding RPX Corp. and serving as president of the defensive patent aggregator.
While San Francisco-based RPX has been trying to teach its subscribers how to to minimize the patent troll problem by studying the litigation and settlement tactics of non practicing entities, Zur and Fortress have been investing in NPEs and effectively financing litigation.
Since Zur joined New York-based Fortress in February 2013, the firm has made investments in at least six penny stock patent assertion companies that some critics would call patent trolls including most recently an $11 million debt and equity financing for SITO Mobile Ltd. (SITO) on Oct 6 and a $11 million equity and debt financing for Inventergy Global Inc. (IVTG) on Oct. 2.
Other patent assertion companies Zur’s IP finance group has invested in include Document Security Systems (DSS), Netlist Inc. (NLST), Crossroads Systems Corp. (CRDS), and Andrea Electronics Corp. (ANDR).
Interest8ng to say the least
Fortress’s Zur has been busy financing penny stock IP monetizers
Eran Zur, managing director of Fortress Investment Group LLC’s (FIG) intellectual property finance group, has made a dramatic about-face since co-founding RPX Corp. and serving as president of the defensive patent aggregator.
While San Francisco-based RPX has been trying to teach its subscribers how to to minimize the patent troll problem by studying the litigation and settlement tactics of non practicing entities, Zur and Fortress have been investing in NPEs and effectively financing litigation.
Since Zur joined New York-based Fortress in February 2013, the firm has made investments in at least six penny stock patent assertion companies that some critics would call patent trolls including most recently an $11 million debt and equity financing for SITO Mobile Ltd. (SITO) on Oct 6 and a $11 million equity and debt financing for Inventergy Global Inc. (IVTG) on Oct. 2.
Other patent assertion companies Zur’s IP finance group has invested in include Document Security Systems (DSS), Netlist Inc. (NLST), Crossroads Systems Corp. (CRDS), and Andrea Electronics Corp. (ANDR).
Interest8ng to say the least
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All the information I post here is my opinion and is not advice to buy or sell a stock..Do your DD and research...GLTA
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