I saw a bunch of BS elsewhere about that. People keep forgetting that he had to give several million of his ill-gotten shares to his attorney, so right away he had fewer shares than the 16 million he got. Lawyers typically take 20%. I saw some people saying that the lawyers got 2 million but I'm puzzled by that -- usually the lawyer's fees are not disclosed. Maybe they did disclose it, who knows? Not important enough to verify the exact amount.
As far as WHY Aruda would sell some -- why wouldn't someone want to cash in enough profits to live comfortably on the income from the cash? He's still holding a ton of shares.
My opinion on this is that if Dr. Menon had understood U.S. intellectual property laws better, he would have had Aruda sign a "work for hire" contract, as Aruda was carrying out tasks that Menon directed him to do. Not knowing all the details of this, it sounds like Aruda went for a big cash-in, but it sure makes me wonder if a true co-inventor who thought he would prevail in court would have accepted that settlement.
As far as WHY Aruda would sell some -- why wouldn't someone want to cash in enough profits to live comfortably on the income from the cash? He's still holding a ton of shares.
My opinion on this is that if Dr. Menon had understood U.S. intellectual property laws better, he would have had Aruda sign a "work for hire" contract, as Aruda was carrying out tasks that Menon directed him to do. Not knowing all the details of this, it sounds like Aruda went for a big cash-in, but it sure makes me wonder if a true co-inventor who thought he would prevail in court would have accepted that settlement.
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