Third eye delivers a BlackeyeBerry Third eye pulls out of the blackberry patent finance deal.
Catapult couldn't find $90M in equity. Now there is no debt provided by third eye..
Patents are dead. They couldn't close at $17k/patent. What have they fallen to $5-10k each? If that is the case the WiLan patents are worth $10-20M net of patent partner ownership and investment banker fees?
That pays for less than one quarter of SG&A.
Sad.
On the positive, ETC is going to go to a gala and eat some rubbery chicken. What a strange business. They help a bridge owner collect some delinquent accounts. That wins an award. Bravo!