Crossroads Systems is seeking $11.88M to repay Fortress loans

Crossroads Systems Inc. (CRDS), the IP monetization company run by CEO Richard Coleman Jr., is trying to raise $11.88 million in part to repay debt issued to Fortress Investment Group (FIG) that has interfered with its ability to monetize some patents. The Austin, Texas based company on Nov. 6 filed an S1/A with the Securities [...]

By | November 25th, 2014|Patent Investing|Comments Off on Crossroads Systems is seeking $11.88M to repay Fortress loans

Spherix posts $2K in revenue in 3rd QTR, meaning little so far has been received from settlement with AT&T

Spherix Inc. (SPEX), the patent assertion company run by CEO Anthony Hayes, posted a net loss of $5.14 million in the third quarter on revenue of only $2,000, meaning that so far at least it has received little or nothing from an August settlement with AT&T Inc. The loss and revenue figures were unveiled in [...]

By | November 14th, 2014|Patent Investing|Comments Off on Spherix posts $2K in revenue in 3rd QTR, meaning little so far has been received from settlement with AT&T

Fortress’s Zur has been busy financing penny stock IP monetizers

Eran Zur, managing director of Fortress Investment Group LLC’s (FIG) intellectual property finance group, has made a dramatic about-face since co-founding RPX Corp. and serving as president of the defensive patent aggregator. While San Francisco-based RPX has been trying to teach its subscribers how to to minimize the patent troll problem by studying the litigation [...]

By | November 5th, 2014|Patent Investing|Comments Off on Fortress’s Zur has been busy financing penny stock IP monetizers