RE:RE:RE:RE:RE:RE:Trading IdeaPandora wrote: Pandora wrote: Bookworm28 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
Just to note -- the 2021 ePropelled application/publication is at a rejection stage -- which means the examiner does not accept it in it's existing state. The Company now has 90 days for revisions.
The 2022 has been accepted for review and publication so an examiner will be assigned to review the paperwork.
The 2022 application =
Assignment abstract of title for Application 17613036
| Invention title/Inventor ELECTRICAL MACHINE
Nabeel Ahmed Shirazee | Patent None | Publication 20220224199
Jul 14, 2022 | Application 17613036
Nov 19, 2021 |
The 2021 application =
Assignment abstract of title for Application 16968865
| Invention title/Inventor ELECTROMAGNETIC DEVICES
Nabeel Ahmed Shirazee | Patent None | Publication 20210013784
Jan 14, 2021 | Application 16968865
Aug 10, 2020 | |
The latest Exro application (Patented) =
Assignment abstract of title for Application 16615493
| Invention title/Inventor VARIABLE COIL CONFIGURATION SYSTEM CONTROL, APPARATUS AND METHOD
Jonathan Gale Ritchey | Patent 11081996
Aug 3, 2021 | Publication 20200076345
Mar 5, 2020 | Application 16615493
Nov 21, 2019 |
And Exro's from 2017(Patented) =
Assignment abstract of title for Application 14048947
| Invention title/Inventor ELECTRICAL MACHINES SUCH AS GENERATORS AND MOTORS
Daryl Anton Wagner, Jonathan Gale Ritchey | Patent 9590468
Mar 7, 2017 | Publication 20140252922
Sep 11, 2014 | Application 14048947
Oct 8, 2013 |
Thanks for the info Pandora. I had a look at ePropelled's claim again, and it looks like their patent in the claim that they feel is being infringed on is # 7382103. That, and the 'Dynamic Torque Switching' TM, are from my assessment, the basis of the suit. I think exro needs to get this out of the way before the stock can come back to life. I'm saving some dry powder for them. GLTA.