This is what I believe to be hitting soon along with a nice Q ...
Chan Heng Fai Ambrose, the gentleman running DSS has been firing and hiring and positioning the company for a launch of products that appears to have the ability to send their net income into the hundreds of millions very soon. How soon? We are about to find out !!!
As far as StrikeForce's part, Mark is very accurate on projections of events in their control and stated that they would be delivering the keyboards ordered by DSS in mid July to August. Well ... IT IS August !!!
In observing DSS, no grass grows under Chan Heng Fai Ambrose (SEE BELOW), IT JUST DOES NOT HAPPEN !!! So, What’s next ? Testing, Launch and Revenues ! I for one, am excited because DSS has nearly 20 million subscribers currently and DSS feels the majority of these are going to opt into using ACS/SFOR's software, so much so that they have payed StrikeForce and ACS, for products and assistance, nearly a million dollars for the right to sell and the development of the keyboards needed for China and South Korea. How many of the 20 million will take ACS's new software package? How many devices will each subscriber and their average family have and protect? 20 Million Subscribers and their 2 family members may each have a phone, a tablet and a laptop. We could be looking at up to 180 million devices. And DSS's plans are to offer these products to literally, more than 2 billion people.
Note below how fast - Chan Heng Fai Ambrose, is pushing DSS to be ready for what is about to happen!
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)
DOCUMENT SECURITY SYSTEMS, INC.
Item 5. Interest in Securities of the Issuer
a) On July 23, 2019, the Issuer issued the Stock Award to the Reporting Person, pursuant to the Plan, in consideration for the Reporting Person’s services as Executive Chairman of the Issuer and Executive Chairman and Chief Executive Officer of the Issuer’s subsidiary. Personal ownership by reporting person Heng Fai Ambrose Chan: 2,077,682 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Heng Fai Holdings Limited: 1,786,531 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate BMI Capital Partners International Limited: 500,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Hengfai Business Development Pte. Ltd.: 683,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate LiquidValue Development Pte Ltd: 446,428 shares of Issuer’s common stock.
c) Each of the transactions described in this Item 5 were reported on Forms 4 filed by the Reporting Person filed with the SEC pursuant to Section 16 of the Act and are available on the SEC’s website at www.sec.gov. The information reported in such filing is expressly incorporated herein.
The following appear to be nearly all new people to DSS:
SEC Filings for DSS
4 Insider Buy/Sell 7/25/2019 Lo Wah Wai 40,767
4 Insider Buy/Sell 7/24/2019 Chan Heng Fai Ambrose 2,077,682
4 Insider Buy/Sell 7/24/2019 SANDERS JOSEPH L. 684,970
4 Insider Buy/Sell 7/24/2019 Scott Brett L 30,575
4 Insider Buy/Sell 7/24/2019 DelGiorno Daniel 40,767
4 Insider Buy/Sell 7/24/2019 Grady Jason 74,770
4 Insider Buy/Sell 7/24/2019 Heuszel Frank D 74,770
4 Insider Buy/Sell 7/24/2019 Grisham Stanley V. 30,575
4 Insider Buy/Sell 7/24/2019 THATCH JOHN 30,575
4 Insider Buy/Sell 7/24/2019 Avallone Pamela 30,575
3 New Insider 7/18/2019 Grady Jason Chief Operating Officer
NOTICE: New material added and Highlighted
116th Congress legislative calendar
Congress Sets The Stage To Expand Patent Eligibility For Computer-implemented Inventions
August
Week 1
Senate: Not in session
House: Not in session
Week 2
Senate: Not in session
House: Not in session
Week 3
Senate: Not in session
House: Not in session
Week 4
Senate: Not in session
House: Not in session
September
Week 1
Senate: Not in session
House: Not in session
Week 2
Senate: September 9-13
House: September 9-12
Week 3
Senate: September 16-20
House: September 17-20
Week 4
Senate: September 23-27
House: September 23-27
Congress Sets The Stage To Expand Patent Eligibility For Computer-implemented Inventions
Pepper Hamilton LLP
Senators from both sides of the aisle expect to introduce a final bill this summer that could significantly improve the prospects for patent applicants with software and business method inventions. Congress recently held three days of hearings on a draft bill that reverses recent U.S. Supreme Court case law restricting subject matter eligibility, including with respect to the Mayo v. Prometheus and Alice v. CLS Bank decisions. Following the hearings, Senator Chris Coons, D-Del., expressed his view that, “the law in the area of patent eligibility is a complete mess, and I think we need to attempt to bring clarity and restore the strong patent protections that have long supported our innovation economy.”
The draft bill loosens the subject matter eligibility requirements in several respects. The proposal removes the word “new” from 35 U.S.C. § 101 and makes clear that eligibility of a claimed invention is to be determined without regard to novelty or obviousness. The proposal places an emphasis on utility of an invention in a technological field, which is aligned with recent U.S. Patent and Trademark Office guidance stating that inventions “integrated into a practical application” are eligible for patent protection.
The draft bill also states that “eligibility under this section shall be determined only while considering the claimed invention as a whole, without discounting or disregarding any claim limitation. ” Currently, many claim limitations, including those that may be considered generic or known in the art, are often disregarded during prosecution even though they provide practical utility in combination with other limitations of a claim.
Significantly, the proposed bill also emphasizes that its provisions “shall be construed in favor of eligibility” and that no judicially created exceptions (e.g., abstract ideas) shall be used to determine patent eligibility . The proposed legislation goes a step further and explicitly abrogates
While the final bill may place more limits on eligibility than the legislation that is currently proposed, support for expanding patent eligibility is increasing on both sides of Capitol Hill. We expect that more clarity will be provided soon to applicants and a broader array of computer-implemented and other business method inventions will be eligible for patent protection.
Accordingly, we recommend educating your internal development teams on the already rapidly expanding scope of patent-eligible subject matter in view of the USPTO’s updated eligibility guidelines in January of this year. A much larger scope of innovation in the software and business method space is now eligible for protection, and savvy applicants who are aware of, and take proactive action in view of, this shift will have a strategic advantage over their competitors.
Additionally, we recommend taking advantage of the already changed eligibility guidelines to advance prosecution in applications that may have previously stalled due to an eligibility rejection. For new patent applications relating to computer-implemented or business method technologies, we recommend strategic drafting of the claim limitations to correspond with the USPTO’s updated guidelines and bolstering the disclosure to include support for the specific and practical application of the claimed technology. We are available to discuss these and other strategies applicants can use to support the eligibility of a claimed invention.
Although the state of the law surrounding patent eligibility remains in flux, it clearly appears that Congress is on the cusp of heeding Judge Lourie’s call, from the Federal Circuit’s recent decision in Athena Diagnostics v. Mayo Clinic, that, “as long as the court’s precedent stands, the only possible solution lies in the pens of claim drafters or legislators. We are neither.” We will keep you apprised as the developments in the law unfold.
Chan Heng Fai Ambrose, the gentleman running DSS has been firing and hiring and positioning the company for a launch of products that appears to have the ability to send their net income into the hundreds of millions very soon. How soon? We are about to find out !!!
As far as StrikeForce's part, Mark is very accurate on projections of events in their control and stated that they would be delivering the keyboards ordered by DSS in mid July to August. Well ... IT IS August !!!
In observing DSS, no grass grows under Chan Heng Fai Ambrose (SEE BELOW), IT JUST DOES NOT HAPPEN !!! So, What’s next ? Testing, Launch and Revenues ! I for one, am excited because DSS has nearly 20 million subscribers currently and DSS feels the majority of these are going to opt into using ACS/SFOR's software, so much so that they have payed StrikeForce and ACS, for products and assistance, nearly a million dollars for the right to sell and the development of the keyboards needed for China and South Korea. How many of the 20 million will take ACS's new software package? How many devices will each subscriber and their average family have and protect? 20 Million Subscribers and their 2 family members may each have a phone, a tablet and a laptop. We could be looking at up to 180 million devices. And DSS's plans are to offer these products to literally, more than 2 billion people.
Note below how fast - Chan Heng Fai Ambrose, is pushing DSS to be ready for what is about to happen!
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)
DOCUMENT SECURITY SYSTEMS, INC.
Item 5. Interest in Securities of the Issuer
a) On July 23, 2019, the Issuer issued the Stock Award to the Reporting Person, pursuant to the Plan, in consideration for the Reporting Person’s services as Executive Chairman of the Issuer and Executive Chairman and Chief Executive Officer of the Issuer’s subsidiary. Personal ownership by reporting person Heng Fai Ambrose Chan: 2,077,682 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Heng Fai Holdings Limited: 1,786,531 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate BMI Capital Partners International Limited: 500,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Hengfai Business Development Pte. Ltd.: 683,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate LiquidValue Development Pte Ltd: 446,428 shares of Issuer’s common stock.
c) Each of the transactions described in this Item 5 were reported on Forms 4 filed by the Reporting Person filed with the SEC pursuant to Section 16 of the Act and are available on the SEC’s website at www.sec.gov. The information reported in such filing is expressly incorporated herein.
The following appear to be nearly all new people to DSS:
SEC Filings for DSS
4 Insider Buy/Sell 7/25/2019 Lo Wah Wai 40,767
4 Insider Buy/Sell 7/24/2019 Chan Heng Fai Ambrose 2,077,682
4 Insider Buy/Sell 7/24/2019 SANDERS JOSEPH L. 684,970
4 Insider Buy/Sell 7/24/2019 Scott Brett L 30,575
4 Insider Buy/Sell 7/24/2019 DelGiorno Daniel 40,767
4 Insider Buy/Sell 7/24/2019 Grady Jason 74,770
4 Insider Buy/Sell 7/24/2019 Heuszel Frank D 74,770
4 Insider Buy/Sell 7/24/2019 Grisham Stanley V. 30,575
4 Insider Buy/Sell 7/24/2019 THATCH JOHN 30,575
4 Insider Buy/Sell 7/24/2019 Avallone Pamela 30,575
3 New Insider 7/18/2019 Grady Jason Chief Operating Officer
NOTICE: New material added and Highlighted
116th Congress legislative calendar
Congress Sets The Stage To Expand Patent Eligibility For Computer-implemented Inventions
August
Week 1
Senate: Not in session
House: Not in session
Week 2
Senate: Not in session
House: Not in session
Week 3
Senate: Not in session
House: Not in session
Week 4
Senate: Not in session
House: Not in session
September
Week 1
Senate: Not in session
House: Not in session
Week 2
Senate: September 9-13
House: September 9-12
Week 3
Senate: September 16-20
House: September 17-20
Week 4
Senate: September 23-27
House: September 23-27
Congress Sets The Stage To Expand Patent Eligibility For Computer-implemented Inventions
Pepper Hamilton LLP
Senators from both sides of the aisle expect to introduce a final bill this summer that could significantly improve the prospects for patent applicants with software and business method inventions. Congress recently held three days of hearings on a draft bill that reverses recent U.S. Supreme Court case law restricting subject matter eligibility, including with respect to the Mayo v. Prometheus and Alice v. CLS Bank decisions. Following the hearings, Senator Chris Coons, D-Del., expressed his view that, “the law in the area of patent eligibility is a complete mess, and I think we need to attempt to bring clarity and restore the strong patent protections that have long supported our innovation economy.”
The draft bill loosens the subject matter eligibility requirements in several respects. The proposal removes the word “new” from 35 U.S.C. § 101 and makes clear that eligibility of a claimed invention is to be determined without regard to novelty or obviousness. The proposal places an emphasis on utility of an invention in a technological field, which is aligned with recent U.S. Patent and Trademark Office guidance stating that inventions “integrated into a practical application” are eligible for patent protection.
The draft bill also states that “eligibility under this section shall be determined only while considering the claimed invention as a whole, without discounting or disregarding any claim limitation. ” Currently, many claim limitations, including those that may be considered generic or known in the art, are often disregarded during prosecution even though they provide practical utility in combination with other limitations of a claim.
Significantly, the proposed bill also emphasizes that its provisions “shall be construed in favor of eligibility” and that no judicially created exceptions (e.g., abstract ideas) shall be used to determine patent eligibility . The proposed legislation goes a step further and explicitly abrogates
Quote:3rd person present: abrogates
1.
repeal or do away with (a law, right, or formal agreement).
"a proposal to abrogate temporarily the right to strike"
synonyms: repudiate, revoke, repeal, rescind, overturn, overrule, override, do away with, annul, cancel, break off, invalidate, nullify, void, negate, dissolve, countermand, veto, declare null and void, discontinue; More
2.
evade (a responsibility or duty).
"we believe the board is abrogating its responsibilities to its shareholders" all cases establishing or interpreting such judicially created eligibility exceptions.
While the final bill may place more limits on eligibility than the legislation that is currently proposed, support for expanding patent eligibility is increasing on both sides of Capitol Hill. We expect that more clarity will be provided soon to applicants and a broader array of computer-implemented and other business method inventions will be eligible for patent protection.
Accordingly, we recommend educating your internal development teams on the already rapidly expanding scope of patent-eligible subject matter in view of the USPTO’s updated eligibility guidelines in January of this year. A much larger scope of innovation in the software and business method space is now eligible for protection, and savvy applicants who are aware of, and take proactive action in view of, this shift will have a strategic advantage over their competitors.
Additionally, we recommend taking advantage of the already changed eligibility guidelines to advance prosecution in applications that may have previously stalled due to an eligibility rejection. For new patent applications relating to computer-implemented or business method technologies, we recommend strategic drafting of the claim limitations to correspond with the USPTO’s updated guidelines and bolstering the disclosure to include support for the specific and practical application of the claimed technology. We are available to discuss these and other strategies applicants can use to support the eligibility of a claimed invention.
Although the state of the law surrounding patent eligibility remains in flux, it clearly appears that Congress is on the cusp of heeding Judge Lourie’s call, from the Federal Circuit’s recent decision in Athena Diagnostics v. Mayo Clinic, that, “as long as the court’s precedent stands, the only possible solution lies in the pens of claim drafters or legislators. We are neither.” We will keep you apprised as the developments in the law unfold.
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