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I thought in the IPO we already bought most of the patents off...

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sylau90

362 Posts.

12/04/18

09:05

Post #: 32396413
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Originally posted by Jarveg ↑

If you check out the other thread just below this one titled "Touchstone" Gator gives a good explanation for how it all played out.

In essence, CFO came about after a working divestment of sorts of the technology so an outside operator could produce the base material that touchstone required (CFOAM). This came at a cost, the purchase of intellectual property rights and materials, however it now allows CFO to pursue other areas of the market in addition to providing Touchstone with their product. The $450,000 is part payment for that purchase of the rights to produce CFOAM after CFO and Touchstone renegotiated the payment milestones etc.

That's a basic run down, there are those more knowledgeable than I can fill in some blanks as well.

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I thought in the IPO we already bought most of the patents off them and now there is more intellectual property rights?

CFO Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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