Freeranger, I'll state what the CEO stated to m
Post# of 9144
(Total Views: 443)
Posted On: 04/19/2018 12:56:29 PM
Re: freeranger #4451
Freeranger,
I'll state what the CEO stated to me early last year:
"We don't know when patents will be granted and in the past were excited when a patent was granted. Now along with the excitement is the thought that we have to fund each granted patent and where that funding will come from. Not as much excitement."
So my thoughts are that they have to sell a lot of petri plates to fund the issuance fees for those granted last summer for the 14 EU countries and now the annuities for those EU patents and China and the other six listed in last weeks update. Weren't Mexico and Chile issued last year also? Maybe they make ten cents a petri plate, maybe five cents. How many have to be sold? This $30,000 would mean 300,000 to 600,000 plates if that's what they make per plate. How much for the initial granting fees, another $40 or $50,000? That's a bunch of plates to just finance patents.
I wish them the best in monetizing the international patents, whether it's through sale or license. Expansion and new product marketing are good things.
Scott
I'll state what the CEO stated to me early last year:
"We don't know when patents will be granted and in the past were excited when a patent was granted. Now along with the excitement is the thought that we have to fund each granted patent and where that funding will come from. Not as much excitement."
So my thoughts are that they have to sell a lot of petri plates to fund the issuance fees for those granted last summer for the 14 EU countries and now the annuities for those EU patents and China and the other six listed in last weeks update. Weren't Mexico and Chile issued last year also? Maybe they make ten cents a petri plate, maybe five cents. How many have to be sold? This $30,000 would mean 300,000 to 600,000 plates if that's what they make per plate. How much for the initial granting fees, another $40 or $50,000? That's a bunch of plates to just finance patents.
I wish them the best in monetizing the international patents, whether it's through sale or license. Expansion and new product marketing are good things.
Scott
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