American Films Inc. (OTC:AMFL) – IP Protection Litigation
American Films Inc. (OTC:AMFL) is an owner, developer, and acquirer of intellectual property rights (ISP) which the company seeks to monetize at higher rates through its proprietary technology, litigation, and asset digitization. Through its wholly owned subsidiary, FACTERRA LLC, American Films plans to identify instances of copyright infringement and pursue intellectual property protection litigation.
On Tuesday, AMFL stock moved up 9.20% at $0.70 with more than 38K shares, compared to its average volume of 7.9K shares. The stock moved within a range of $0.5975 – 0.7000 after opening trade at $0.6150. A MACD Bullish Signal Line Cross and occurred.
There are many interesting companies that investors may consider tracking at this point in time and one of those is American Films Inc. The company is involved in the acquisition and development of intellectual properties. It then works towards the monetization of those intellectual properties through asset digitization, proprietary technology, and rights enforcement at higher rates.
The company is also innovative in nature and back on October 4 it announced that it was looking to develop a website that was going to provide blockchain registration to those who own copyrights. It would be a subscription-powered model and would allow copyright owners with the onerous task of protecting their intellectual property. The registration would take place on a blockchain-powered by the Solana blockchain.
However, it was noted that other blockchains including Ravencoin could be added later on. The addition of new blockchain protocols would depend on the sort of benefits they offer. On the other hand, copyrights owners who sign on for the program are going to sign on to the whole thing as joint plaintiffs.
As a consequence, they are going to be represented by a range of law firms across the country against any infraction by internet service providers or cable companies. There are going to be no legal costs involved once a copyright owner signs on to the program in case of any copyrights breach. At the time it was announced by American Films that it expected the website to go live prior to the end of this year.
AMFL stock is trading below the 20-Day and 50-Day Moving averages of $0.73 and $0.85 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.16.