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I am sure they had to pay for it
That is a key part... I don't think they paid for it!
I genuinely believe that EPGL would have announced that if it was the case!
I have signed agreements with no up front money... basically just R&D funding and maybe milestone payments.
I think so too. We should be seeing some papers filed with $ signs on them before too long I would think.
EPGL Stock Message Board http://investorshangout.com/EP-Global-Communi...PGL-87206/
Agreed. ..we will definitely know next earnings report. I honestly believe they have others news that they are gonna sporadically release soon. EPGL
"1. CooperVision has secured the exclusive right to co-develop EPGL advanced technologies
of its choosing, with ownership of resulting intellectual property to be allocated in
accordance with inventorships. "
How did they secure the exclusive right? I am sure they had to pay for it....especially if other HUGE companies were pursuing as well...
THat somebody is shitting in his pants big time ,as they have sold it too early,come next week and months will have lot of catching to do ! LOL
Cheers EPGL
1. Contact lenses are a rapidly growing market that shows no signs of slowing.
2. Cooper controls a 15% market share.
3. Google is already working on a smart contact lens - perhaps they cannot find a way around some of EPGLs patents... so they will have to license it...notice the lenses need some sort of power source - "$EPGL : The Company has significant know-how and Intellectual Property in the arena of BioMEMS.
The Company has invented new device technologies which include, but are not limited to the
following:
1. Advanced Power Source for Contact Lenses..."
$$$$$$EPGL$$$$$$$
I guess it depends on your definition of HUGE. And sure, there still may be more selling to come next week. But, for now anyway, the sell-off was much smaller than the run-up. We'll have a better idea at the end of next week I think as far as that goes.
And sure, it COULD be 5 years before they realize revenue. And it COULD be 1. Or less. Imagine 6 months ago saying "It COULD be 5 years before this stock sees .04 again." Or 2 years ago saying "It COULD be 5 years before this company gets the DTC chill lifted."
what was the news
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I predict an announcement of a joint development of some sort with zero revenue numbers. Maybe even with a huge company. It could take 5 years (if ever) to realize revenue.
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Huge run-up on the speculation of that announcement... HUGE sell off when the news is released and reality sinks in!
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Posted 2 weeks ago...