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Time called on IP licensing flop
Thursday 27 Oct 2016 Author: Steven Frazer

Motion capture technology supplier OMG (OMG:AIM) has killed off its OMG Life arm after consistently failing to generate revenue. The Life business tried to licence intellectual property. ‘The total folly that was OMG Life should never have been started, let alone been allowed to consume many millions of shareholders’ money,’ says Rob Warensjo, Megabuyte analyst. (SF)

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