Under U.S. law, an inventor or patent owner has the right to exclude others from making, selling or using their patented invention. Monetizing these ideas is the mustard that tops the penny stock of Marathon Patent Group, Inc. (OTC: MARA) and their expanding patent portfolio management services. Since patent infringement cases pop up all the time and can have a huge positive impact on the winner, MARA stock, despite its range-bound trading, looks like it might have a little something worth watching.
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MARA Stock Quote
Market Cap: 17.31M
Last (Friday, Apr 19th): 0.38
Issued and Outstanding: 45,546,310
14-Day Rel Strength: 46.27%
14-Day Stochastic: 80.00%
1st Resistance Point: 0.3933
1st Support Level: 0.3533
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Formerly known as American Strategic Minerals Corporation (OTC: ASMC), Sampo IP LLC, a Virginia limited liability company that holds certain intellectual property rights, reversed themselves into what is now Mara Patent Group after 9,250,000 shares of now MARA common stock and $500,000 was paid to Sampo pursuant to the terms of the November 16, 2012 Sampo Exchange Agreement. With no revenues and no profits as per the 10-K filing, Doug Croxall, Chief Executive Officer of the Company is making certain moves which could make MARA stock worth something more one day.
Back in February, Marathon Patent Group announced a strategic relationship with industry-leading patent monetization company IPNav who is expected to source and execute monetization opportunities on behalf of the Company. In layman’s terms — IPNav has generated over $500,000,000 in direct licensing revenue and cash settlements for its clients which Marathon Patent is now one of. Last night, the Company announced an addition to their portfolio through the acquisition of CyberFone Systems, LLC — 10 U.S. patents and 27 foreign patents and 1 pending patent.
As for MARA stock, while there is a significant amount out there, much of which was from when ASMC was active, it should have already seen a pop. A month ago, Marathon Patent filed a patent infringement lawsuit against Sony Computer Entertainment America LLC, Siemens Energy, Inc., CB Apex Realtors, d/b/a Coldwell Banker Apex Realtors, Blue Cross and Blue Shield Association, Juniper Networks, Inc., Winn Dixie Stores, Inc., and Dell, Inc. Instead, MARA only traded 47,750 shares after making the announcement while rising from 0.37 to a HOD of 0.45 before closing at 0.40.
It’s hard to think something juicier than a lawsuit against over half a dozen multi-billion dollar companies is going to happen on a regular basis. The again, perhaps the suddenness of the news at the closing bell on a Thursday when Goff Corporation (GOFF) was just finishing its 3rd day of the pump caused the significant announcement to go unnoticed.
About MARA Stock
Marathon Patent Group, Inc., a development stage company, is an intellectual property company that provides clients, ranging from individual inventors to Fortune 500 corporations, with IP-related services that help patent holders realize the monetary and strategic value of their inventions.
Click here to view the SEC filings for MARA.
Click here to view the website for Marathon Patent Group.
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Patent wars have made several investors very rich individuals in the past few decades including companies like Apple, Inc. (AAPL) which owns more patents than any other company in the world. That said, have a look see at MARA stock and see if it belongs on your list of penny stocks to watch this summer. Who knows, maybe that March 21 announcement could pay off huge dividends in a couple years which is normally how long it takes to get these thing to court.
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