whiteguyFor I don't know how many weeks and months, you have been talking about the Sherator patent. You have now sold or licensed your own deal. I presume you have patents pending.
Let me ask you how you intend to protect any license or patent pending or whatever from a potential bankruptcy court. In other words, do you do nothing to protect yourself or do you follow the prescribed methods, which were originally established by General Electric?
They are simple enough--you grant the license with the provision that if the licensee is put into bankruptcy, the patents or licenses revert to you the inventor.
I cannot believe that you are not aware of the fact that IBR with the best attorneys in Vancouver have protected themselves to such an extent that, in reality, IBR is judgment proof.
First of all, the land the plant is on belongs to the Greater Vancouver Sanitary District. IBR has a lease. The equipment has only junk value unless the plant can be operated. The patents revert to the Van Dykes who are the only ones who can operate the plant. The Chinese faced with a total loss will be happy to extend the loan rather than lose all their money. The Van Dykes, being in possession of their patents, just start up again after wiping out the creditors.
Now, that is why nothing like what you are predicting is going to happen. It is simply a fantasy that is being fed to you by people who do not know any better.