Re posting the News and highlighting
"Following the departure of Philip Rogers as the Chief Executive Officer, President and a director of the Company, the Company undertook, and continues to undertake, a thorough review of the operational, financial and technological performance of the Company. That process included a review of the Company's existing technology and its obligations under the licensing agreement between Optical Air Data Systems, LLC ("OADS") and the Company's wholly-owned subsidiary (the "Licensing Agreement"). This technology review was conducted over an extended period with the assistance of the Company's intellectual property counsel. As a result of that review, the Company concluded that its products and business are no longer subject to any royalty requirements under the Licensing Agreement and therefore did not pay the second quarter guaranteed minimum annual royalty fee to OADS under the Licensing Agreement and does not intend to pay any future royalty fees to OADS under the Licensing Agreement."
"The elimination of these royalty fees will contribute to management's efforts to reduce manufacturing costs in order to offer the wind industry an innovative product that increases production and efficiency, while reducing stress on the turbines at a compelling price point.'
I believe we should focus on those paragraphs and not assuming gloom and doom. They are doing exactly what needs to be done. I am with them 100%.