RE:RE:RE:RE:Trading IdeaBookworm28 wrote: jboom70 wrote: If the lawsuit had any merrit they would have petitioned the courts to have them stop manufacturing the coils by now. The problem Exro has is that they are burning cash, and cash is getting more expensive not to mention the cash they are spending right now is being killed by inflation.
But a bounce is a bounce, look at the one off of the $1.00 mark as the market also bounced. I wouldn't park money here but a tight stop loss would be low risk.
If the lawsuit didn't have merit, the court wouldn't be waisting everyone's time and money. 'Dynamic Torque Switching' is a registered trademark of ePropelled's. That's part of their statement of claim that worries me. That's why I'm waiting on the sidelines for any sign that the litigation is spurious or valid. Too much risk for me at this point, especially in this market. GLTA.
Not sure exactly what patent is in dispute. Exro has 6 existing and 1 pending on the USPTO website.
I believe someone suggested it is the latest one
11081996 approved August 3, 2021. They have others dating back to 2006.
ePropelled has one dated in 2007. They also have one pending from 2021 and one pending from 2022.
And then there is this from 2019:
https://www.exro.com/news/exros-dpm-technology-advances-into-product-lines