Quote:
Originally posted by Mr.Fiction
Again, FM did what he felt was right for him, that's his right, but for you to say that he shouldn't risk anything because he has 10 million dollars and someone else only has 1 million is ridiculous.
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Here let's just finish this real quick...
What do you estimate that YOU have at risk here financially if Acacia wins?
It sounds like you're implying that you have a million at risk yourself -- which you do not.
Listen, even Qshhh, who is one of the confirmed multi-millionaires on the board... say Qshhh made 40 million gross since starting just as an example, I'm sure that number is probably twice or more what the real number is, but lets be generous and say Qshhh has made 40 million gross. At the ~6% maximum pentalty I've read... that would be
that would be ~2.4 million maximum liability (based on the ~6% of gross figure that was mentiond.
Now my guess is that Qshhh's magic number is really more like 10 million since TGP's haven't really been around that long. (Although prepaid ad spots on big sites had been I spose). So Qshhh is probably looking at $600k to $1million maximum liability.
But is not in the US (even though I think its a world wide patent)... Qshhh is probably the last person whos mailbox they drop a request in.
And California based adult entertainment companies were the first. If Ron was in Sweden this wouldn't be an issue right now.
AFAIK, Acacia went after US Based, and specifically CALIFORNIA BASED companies to start.
Anyway, bottom line? What do YOU personally have at stake here? How much do you really plan on contributing to the IMPA when it finally is formed?
Will you contribute even the 3% of whatever you make gross per year? I mean thats what Acacia will want if they win.
If you make $100k a year doing this, will you even contribute $3k to them? Or will you give them $100 and say "GOOD LUCK GUYS!"
ah.. and i think he said "low 8 figures"... which could mean 10 million, 30 million.. who knows. Surely he won't tell us as it will disclose too much info about VMI's figures.. probably bad enough that he had to disclose what he did.