While all the dumb money chases after TagLikeMe Corp. (TAGG) at the open, smart speculators will be grabbing shares of Accredited Business Consolidators Corp. (ACDU). Late Tuesday night, the Company announced Accredited Transcription Corp.’s total ownership of United States Patent 6,298,328 after they acquired the remaining 33.4% of the patent which consists of an off-site transcription system whereby the user speaks and the voice is transmitted to an off-site data site and converted into text. Translation: Get ACDU stock on your watchlist immediately!
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ACDU Stock Chart
Market Cap: 1.13M
Close: 0.0026, up 0.0004 (18.18%)
Volume: 569,120
High: 0.0026
Low: 0.0024
Trades: 7
Average Trade Size: 81,302
Authorized: 450,000,000
Issued and Outstanding: 436,399,566
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According to reports, Accredited Transcription Corp.’s position is that the technology is being infringed upon by several major entities and that the company is entitled to residual royalties on each device or software package sold. Therefore, within the next thirty days, the Company will serve cease and desist notices upon Google Inc. for its Android-based Voice Recognition system within Jelly Bean, Apple Inc. because of its Siri system, Vlingo, Inc., and many other software and hardware providers that have adopted systems similar to the patent.
Accredited Transcription Corp. is an entity formed for the purpose of establishing digital transcription technologies owned by a consortium of enterprises. The patent prosecution program is managed and overseen by Accredited Business Consolidators Corp. which also owns 15% of the common and preferred stock of Accredited Transcription Corp.
Each of the named technologies appear to have copied the invention since they have the user speak into their device, the voice is transmitted to a central data processing facility, the sounds are converted to text and returned to the device. Accredited Transcription Corp. believes that these procedures clearly infringe on the patent and that those who misuse its technology must either license it, pay royalties, or cease using the products. If royalties cannot be achieved through negotiations, the Company will initiate litigation and seek injunctions against those who infringe on the patent.
About ACDU Stock
Accredited Business Consolidators Corp. is a diversified holding corporation that owns various businesses, parts thereof, or joint ventures which it will assist grow with the intention of releasing the majority to the Company’s shareholders upon sufficient development.
Click here to view the SEC filings for ACDU.
Bottom Line: ACDU is surely a penny stock to watch at the open. The 52 week high for ACDU is 0.0033 which could be in serious jeopardy today. Making such a bold statement that you plan to file suit against every major player in the smartphone industry could be ballsy, but it is sure to attract some speculative money today.
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