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On Track Innovations Ltd. Message Board

  • lizzy312 lizzy312 Jan 30, 2014 7:54 AM Flag

    A gentleman cowboy rides out of Connecticut: Jeff Eberwein (OTIV Board member)

    Related article today. TMUS offered "peanuts" to settle patent infringement case. About 16 paragraphs down. Tip of patent iceberg IMHO

    Article Title: A gentleman cowboy rides out of Connecticut

    Sentiment: Strong Buy

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    • "Another not-so-friendly situation was On Track Innovations, or OTI, an Israeli company that Eberwein claims had a terrible board, management team and track record despite having valuable patents. Eberwein, along with Jerry Ivey and Charles Gillman, launched a proxy battle, capturing eight out of 10 board seats, Eberwein said. OTI had sued T-Mobile for patent infringement and won on all four of its points in a preliminary Markman hearing. The company is now negotiating with T-Mobile, which Eberwein said offered "peanuts" to settle the case. If the company wins, then there are many other companies who should be licensing the technology, Eberwein said. The company hired a well-known patent attorney, Dimitrios Angelis, to help in its efforts, including monetizing its intellectual property. Eberwein bought the stock at $1.50 per share. It recently hit $4."

    • Would love to read this. Can u post the Link?

 
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