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Spherix Incorporated Message Board

  • davidjames1901 davidjames1901 Apr 18, 2014 5:18 AM Flag

    PIPELINE LEGISLATION WILL NIX OUT SPEX RACKET

     

    SPEX CEO analogy: He explains the situation with the analogy of the situation that arises when a famous building (such as the Empire State Building) declares bankruptcy. “No one thinks renters (in the building) need to stop paying rent when something like this happens,”

    FEDERAL JUDGE: The analogy of the Empire State Building is fair, but what building owners don’t do is go hunting the streets of NYC, dragging people into the building, and forcing them to pay a rental fee that’s far beyond the value of the property. When companies sell patents to trolls, that’s what happens (continuing the anology): they go out on the street looking for companies who look like they might want to rent space in the Empire State Building or who have ever at any time in the past rented space within a 20 block radius and demand that they take up residence on the 88th floor and pay triple what previous renters were paying. Let’s hope that’s not the approach that Spherix takes with their 101 networking-related patents from Rockstar

    Sentiment: Strong Sell

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0.7718-0.0124(-1.58%)Apr 24 4:00 PMEDT