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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM) -- Ignore unavailable to you. Want to Upgrade?

To: gammaray who wrote (270)	2/19/2002 11:07:05 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 394

---Literally Galtech has lost a significant portion of the patent as you suggest Thanks for admitting that. Of course, that assumes that GTSM really still owned the patent, and could sell its interest on any terms. My belief is the patent is lost. It was held by GTSM's subsidiary ERC which was administratively dissolved by Arizona (check out GTSM's SB2). That means the entity that owned the patent doesn't exist -- which means there is no entity to sell it to anyone. More importantly, it also means there is no entity existing that could enforce the patent. Really no one owns it. Of course Ewing (etc.) could make improvements and patent those perhaps... but the underlying tech may be useable by anyone who can read the patent and make sense of it. GTSM's SEC statements are very vague about the patent anyway you look at them -- sometimes it says GTSM has an exclusive license, other times that GTSM owns the patent, other times that GTSM has given Magpower a license. But what matters are the patent office records, whcih shows ERC as owning the patent... and GTSM tells us ERC doesn't exist anymore because GTSM let the State of Arizona dissolve it. Plus... did you look at the magpower website (the URL is mentioned in GTSM's press release last year about the motor)? It's a comedy. It shows pictures of WINDMILLS generating electricity (which have nothing to do with the motor) and shows serious scientists in white smocks in a beautiful futuristic lab which suggests magpower has facilities or operations or employees when in fact it has NONE of those things. Or to put this another way: GTSM is a scam and magpower is the son of a scam. - Charles