I don't know much about nothing...but my guess is the reason Platinum is easing up is because what would they do with the Patents anyway? In my opinion (yes, I know the saying) they faced reality...it's probably better to wait and see instead of owning something they would know zilch to do with. If they saw no light at the end of the tunnell...then they take the patents and sell them to the highest bidder. BUT, they are in the business of making money (as stated by others)...there's probably more money to be made working this thing out.
I'm sure Platinum could sell the IP. How much is it worth, I don't know. There must be company's wanting to get their hands on it. I suspect Platinum is putting pressure on Dais to change their business plan. I hope they are for sale and have a suitor. Killing the offering would give protection for a suitor, to insure the shares outstanding do not change. I might be just hopeful, but selling to a company with the capital to get things done, might be the best option.
To say their relationship with Platinum has soured seems an understatement based on the wording in this. Makes you wonder if Platinum was mislead at some point, that they are extracting $15,000 from Dais just to file this letter suggests the relationship has really deteriorated. I guess this is what Tangredi meant when he said, "Relationships change and it's unfortunate." Tangredi basically bet the company when he used their patents as collateral. He has less than 30 days now to win the bet. We'll see. That he made this video at a time when all of this was looming seems very bizarre now -
They could be in negotiations with someone for a buyout or cash infusion. Why request the 30 day extension otherwise in order to delay the inevitable? It's also interesting that they cancelled the share offering. Why bother? Would a suitor or investor require the cancellation to strike a deal?
If Platinum sells off the IP, shareholders will be left holding the bag.