Ray, You spend your life looking for reasons th
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Posted On: 06/22/2017 4:57:18 PM
Re: rayludwiczak #3737
Ray,
You spend your life looking for reasons the sky is falling. Previous updates stated clearly that the company did not intend to sell plates internationally,
November 11, 2016 update:
"The intention is to register and validate the patent in every EU member nation and patent treaty affiliate in addition to Hong Kong. Following that process, NanoLogix intends to seek licencee(s) for manufacturing and marketing for the relevant geographic areas."
June 8, 2016 update:
The intention is to register and validate the patent in every EU member nation and patent treaty affiliate in addition to Hong Kong. Following that process, NanoLogix intends to seek licencee(s) for manufacturing and marketing for the relevant geographic areas.
June 22, 2016 update:
"The decision for patent sale was made based upon the challenges faced in going forward with international development for Nanologix, basically an R&D company for most of its existence with Flatpack Petri sales limited to the US, the UK, and South Africa, versus focusing upon a more easily accessed domestic market and leaving the international market to those large corporations already operating in that environment."
What don't you understand? You're reading complexity into a very simple business decision. I called Mr. Barnhizer ten minutes ago and asked if he knew about the differing statements and his polite reply was:
"Can't people read what was written? We've been clear about licensing since first releasing news last year about the patent grant and after working with that as the goal, concluded it was more economic and in the interests of the company to sell those international patent rights outright to one or two large established companies in Europe and China who are in that market. Money up front for development through patent sales is better than dilution and it has no negative effect upon our US operations".
I'll go with what the CEO said.
Scott
You spend your life looking for reasons the sky is falling. Previous updates stated clearly that the company did not intend to sell plates internationally,
November 11, 2016 update:
"The intention is to register and validate the patent in every EU member nation and patent treaty affiliate in addition to Hong Kong. Following that process, NanoLogix intends to seek licencee(s) for manufacturing and marketing for the relevant geographic areas."
June 8, 2016 update:
The intention is to register and validate the patent in every EU member nation and patent treaty affiliate in addition to Hong Kong. Following that process, NanoLogix intends to seek licencee(s) for manufacturing and marketing for the relevant geographic areas.
June 22, 2016 update:
"The decision for patent sale was made based upon the challenges faced in going forward with international development for Nanologix, basically an R&D company for most of its existence with Flatpack Petri sales limited to the US, the UK, and South Africa, versus focusing upon a more easily accessed domestic market and leaving the international market to those large corporations already operating in that environment."
What don't you understand? You're reading complexity into a very simple business decision. I called Mr. Barnhizer ten minutes ago and asked if he knew about the differing statements and his polite reply was:
"Can't people read what was written? We've been clear about licensing since first releasing news last year about the patent grant and after working with that as the goal, concluded it was more economic and in the interests of the company to sell those international patent rights outright to one or two large established companies in Europe and China who are in that market. Money up front for development through patent sales is better than dilution and it has no negative effect upon our US operations".
I'll go with what the CEO said.
Scott
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