Quest Patent Research Corporation (QB) (QPRC) News

Deepwell settlement it is....

ORDER granting #30 Motion to Stay. All deadlines in the above-captioned case are STAYED for thirty (30) days, up to and including May 18, 2024, during which time appropriate dismissal papers are to be filed with the Court.. Signed by District Judge Rodney Gilstrap on 04/18/24. (KLC)

Normally they aren't. The case is stayed and no new dates are added into the docket. It could be the filing were flipped or an error. We will find out soon enough.

The Markman is literally scheduled a year from now. 4/16/25. I don't know many lawyers that settle so quickly when there is plenty to bill for.

Other entries are posted as settlement discussions are continued.

There is a error somewhere. There's other entries indicating that there isn't a settlement.

So the big question is; What's next? There are three active cases in the courts which could take a year or two to settle. Jon Scahill presents at Planet MicroCap on May 1st. Maybe we will get some insight there and the 10Q comes out on May 31st.


Harbor Island Dynamic, LLC v. Samsung Electronics Co., Ltd. et al
Taasera Licensing LLC v. Sonicwall, Inc.
Multimodal Media LLC v. TCL Technology Group Corporation et al

Taasera Licensing LLC v. Musarubra US LLC, dba Trellix officially settled!

7 Accused Products / 9 Patents-in-Suit / 871 Days in Litigation

JOINT MOTION to Dismiss with Prejudice by Taasera Licensing LLC. (Attachments: #1 Proposed Order)(Fabricant, Alfred)

Earnings probably would have if the settlements had included recurring payments. Without that, we probably need big money settlements that set the company up with cash for the future.

Hopefully they settled for the right reasons $$$

That was fast and unexpected.

New settlement coming. Deepwell IP LLC v. MediaTek Inc. 210 days in litigation. What's it gonna take to move this? Not earnings.

I like it!

Settlement! Multimodal Media LLC v. Samsung Electronics Co., Ltd. et al
JOINT MOTION to Stay All Deadlines and Notice of Settlement by Multimodal Media LLC. (Attachments: #1 Proposed Order)(Fabricant, Alfred)

253 Accused Products / 4 Patents-in-Suit / 501 Days in Litigation


The last Taasera case should settle by Monday!

Saw that! Bring it on!

SOLiD

Your work to provide clarity is appreciated and hopefully rewarded in the near future. This is a diamond in the rough. Pieces are in place for success.

Thank you all for your support!

Thanks RB for your efforts

Also, I asked if Digital IP Advisors was created for accounting issues, taxes or some sort of shell company. He said it's a real thing. The area is changing drastically but it may be beneficial or something like that.

When the stock was under a penny and they had to do the split everything stopped. No new suits, IP purchases, etc. The company stopped in time and really had nothing to speak/brag about. Hopefully Planet Micro will get a little awareness for the company.

I tried to stress to Jon, speaking for myself, that no communication from the company makes this investor a little crazy.

I hope they promote the event in Las Vegas that could be a opportunity to promote

The Planet Microcap event at the end of the month Bob linked will be a start and good to see Jon finally making an effort at investor outreach.. PM usually uploads presentations to their Youtube so it should be available for anybody that wants to watch.

I could be wrong but I believe there are two finance sources. One that is 27 million dollars and one that is 25 million. These are different sources and the amount in each is different due to what has been accessed at this time. Please upate if anyone has different information. Thank you RB for the input. Too bad the CEO can't come out and present a year end wrap up of the great progress this company has made. Pre-reverse split this stock is trading at half a cent. Doesn't make sense. This has to be put on peoples radar. It needs to be promoted.

Planet Micro Caps Showcase ...

https://planetmicrocapshowcase.com/participations/341056

Agreed. Happy with the results for 2023. It was their best results....ever! Did I wish it was more? Absolutely. Quest should have another quarter with revenue with one more Taasera case that should settle soon and I believe the MultiModal vs Samsung case will settle soon too. And that's it!

I spoke to Jon Scahill. I find him to be a good guy. I expressed my frustration with the stock, the website, the progress. How we NEED a critical mass of activity and not one big win and then years of silence. He understands. He has the support of his main investors....the 25 million and has to justify every move before they send him cash to purchase new IP. The 25 million investors are happy with the vision and direction of the company. Their timeline is different then ours. They have been here for a few years. I've been here for 25 years this June. The two things I walked away with were 1. Quest will no longer mess around with little IP assets, things like M Red, Peregrin, etc. Old IP that someone wants to unload. The focus / future are assets like Taasera and Harbor Island. Finding these assets is more time consuming --young IP that has significant value---that someone is selling. So it is work. 2. They are in a place where they are stable as a company. When they are in negotiations they don't have to take the first offer that comes their way.

What does this mean to us? On one hand the company shouldn't disappear in the middle of the night. Over the last 25 years I thought that was a strong possibility. On the other hand I think we are going to have to continue to wait and see if this company can grow. The last thing to note was a gut feeling...I think Jon is hungry and testing all kinds of waters for all kinds of opportunities...maybe that will bring us surprises down the road...maybe not.

Explain why.

This bothers me. Accumulated deficit.....(22,539,912)

Not Bob but I think 68 cents per share is fantastic. The problem is that it was all generated by one-time windfalls, none of the settlements provided continuing licensing payments so Jon is starting from scratch again as far as revenue goes.

Bob, what is your view on the earning numbers? Do they look good?

Roseanne Roseannadanna would reply, "it's always something."

Wow! Close to earning 1 million in 2023? And the share price is what? Nice deep dig Bx. Dissatisfied as a shareholder. How about share price determines bonuses. Let’s see how next week plays out. Thank you Bx

https://www.otcmarkets.com/otcapi/company/financial-report/395514/content


Page 91.  Scroll down.


  10. COMMITMENTS AND CONTINGENCIES Employment Agreements Pursuant to a restated employment agreement, dated November 30, 2014, with the Company’s president and chief executive officer, the Company agreed to employ him as president and chief executive officer for a term of three years, commencing January 1, 2014, and continuing on a year-toyear basis unless terminated by either party on not less than 90 days’ notice prior to the expiration of the initial term or any one-year extension. The agreement provides for an initial annual salary of $252,000, which may be increased, but not decreased, by the board or the compensation committee, which was increased in 2016 to $300,000 and to $600,000, effective January 1, 2023. The chief executive officer is entitled to a bonus if the Company meets or exceeds performance criteria established by the compensation committee. In August 2016, the Company’s board of directors approved annual bonus compensation equal to 30% of the amount by which the Company’s consolidated income before income taxes exceeds $500,000, but, if the Company is subject to the limitation on deductibility of executive compensation pursuant to Section 162(m) of the Internal Revenue Code, the bonus cannot exceed the amount which would be deductible pursuant to Section 162(m). The chief executive’s bonus for 2023 was approximately $334,000. The chief executive officer is also eligible to participate in any executive incentive plans which the Company may adopt. SEP IRA Plan Pursuant to the SEP IRA plan adopted by the Company in March 2020, the Company deposited into a SEP IRA account of each of its participating employees a percentage of the employee’s compensation, subject to statutory limitations on the amount of the contribution all as set forth in the IRS Form 5305-SEP. For the years ending December 31, 2023 and 2022, the percentage was set at 11% and 20%, respectively. The Company’s chief executive officer and chief technology officer are the only participants and during the years ended December 31, 2023 and 2022, $66,000 and $61,000 was deposited into the chief executive officer’s SEP IRA account, respectively and $6,600 and $0 was deposited into the chief technology officer’s SEP IRA account, respectively.  

I'm impressed with the number of intelectual properties and the years that they expire has some nice potential

10K is out

Can’t wait to read 10K when it’s out.

https://www.otcmarkets.com/stock/QPRC/news/?id=435186

Press release out on earnings. No 10K yet. Nothing to read yet but numbers look good based on press release.The best earnings I can remember. I’m getting some popcorn. Wow!

Or sue Nvidia!

This is boring, so let's convince Trump to invest in QPRC.

It's back.

The whole thing disappeared from RPX Insight?

Didn’t seem like much value for patent lawsuit.

I guess JoyaSystems kept bothering Quest about the money owed and Taasera decided to go to court. Joya is asking for $161k and lawyer fees. Strange stuff.

Actually NOT a patent lawsuit by Taasera...Rather JoyaSystems says it did work for the Original Taasera in 2013 and were never paid. So Taasera is taking JoyaSystems to court.

Taasera Licensing LLC v. Joya Systems, LLC

And or an upward move in the stock price.

It would be nice to see more news on this company.

The dream is the relaunching of a company. I hope it is not a nightmare.

So much riding on 10K. Game changer I hope

So patents have a six year look back. So, roughly, Taasera started it's campaign in 2021 (later for some companies) and is entitled to revenue from about 2015 /2016 to present date (if there is value in the patents. Which I believe there is!). I added up the full year revenue of the six companies from 2015 to 2023 and these companies took in over 90 billion dollars. On average there is another seven years going forward. Some Patents expire in 2023...some in 2032. Maybe the patents are sh*t...maybe not. Not sure how licensing works...I'm guess you can license the patent until it expires but not really sure on the process?
Not pumping. Just putting this out there. Are these patents strong enough to take a fraction of a percent of that 90 billion in revenue? Two weeks and counting to the 10K

He who has the Gokd rules!

We have a bag of poo, if the 10K isn't good.

So what else is new?

Sorry for the lack of positive vibes.