Millions for us, pennies for defense?
“This is a more explicit pivot for OIN but out of $105m that we’ve expended on the acquisition of patents, 15% of the $105m has been spent on purchasing patents that were otherwise meant for trolls, or may be used by trolls,” he said.
I'm reading this as "we spent money buying patents for all of us to share, but sometimes buying them from ourselves"? That is, we (the companies) throw these patents into the pot, but give ourselves a mere token (millions!) payment for them. Instead of selling them to patent trolls, the companies sell them to OIN? Not exactly gratis, huh.
Then is mentioned "Specifically, the group will help fund the Open Source Zone of Unified Patents, an organisation which provides legal services to deter "unsubstantiated or invalid patent assertions.""
No millions mentioned here. So where is the "fight patent trolls with 'multi-million' scheme"? Only money mentioned is the self-dealing.
"OIN will support the legal efforts of organisations defending low quality patent claims, including in some cases financial support."
Reassuring? We might give money? Oh, and might be real nice if you put the 'against' into that sentence.
Between self-dealing and self-pats-on-the-back on display here, one can only hope there will be some money to actually fight the patent trolls.