Generative AI Solutions Corp C.AICO

Validity of Patent Assignment challenged in court

[deepoil0808]

There is a reason why Ryan is running to Ritchie to explain himself.   It is because he fears that the BCSC regulators will attack the validity of the patent transfer made by Poda to these inventors, a related party, for $ 146,000 which the inventors knew was worth alot more and sold for $ 45 million USD.

I found a patent case that was filed in the Ontario Supreme Court, which resulted in an out of court settlement.   

The case at hand CHALLENGED THE VALIDITY OF THE PATENT ASSIGNMENT.

It is Case 1999 CanLII 14918 (On SC)

This what was filed as a motion:

 Dr. Thomas Balanyk (“Balanyk”) is a dentist and dental consultant. In 1981-82, while doing post-graduate work in the Faculty of Dentistry at the University of Toronto (“U. of T.”) he and his supervisor Dr. H. James Sandham (“Sandham”) invented a dental varnish with disease preventing properties (the “Invention”).

The policy of U. of T. required that an invention developed in these circumstances be assigned to U. of T., and shortly thereafter to the University of Toronto Innovations Foundation (“Innovations”).

The Invention was assigned to Innovations in 1984, although Balanyk now attacks the validity of the assignment.


https://www.canlii.org/en/on/onsc/doc/1999/1999canlii14918/1999canlii14918.html?searchUrlHash=AAAAAQAnc2FsZSBvZiBwYXRlbnQgdmlvbGF0aW9ucyBzaGFyZWhvbGRlcnMgAAAAAAE&resultIndex=6

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In the financial statements posted on Sedar by Poda Holdings Inc. of November 30, 2021, in the notes for related parties, it states that Poda assigned a patent back to the inventors for $ 146,000.    This patent was sold one (1) year later by these inventors for $ 45,000,000 USD, which management now pockets and, which belong to Poda shareholders. 

BCSC can review and reverse transactions going back 6 years.

The argument here is that the assignment was not made at fair market value, the parties were related.

We can attack the validity of the assignment of the patent.

But to do this we have to stick together as shareholders and bring up this point to the BCSC.

Here is the complaint form, report your concerns

https://ca.research.net/r/bcsc-complaint-form

Do your part and we have a good chance of getting a good chunk of the $ 45,000,000 USD amount

My personal opinion, 

[podatlis1]

YOU PROB SEEN THIS ON CEDAR...Early warning report. DOCUMENT...? . Early warning report

[MinerCPA]

After reading the 5-16-22 "early warning" document on SEDAR, I believe this is only a disclosure to excercise a massive amount of warrants. Could be wrong but that is my take.

[IIIIIIIIIIIIIIl]

You are correct and it came out a week ago almost already.They needed to excercise those warrants to gedt them in que to vote for deal