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Forrest Lloyd Franks, Age 47Lakeville, MN

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Known as:
Forrest L Franks Forrest Forrest Franks
Related to:
Bradley A Franks 71 Gail Sayers Daniel Oviatt Nancy Lyons 57 Alvin Sayers 94

Forrest Franks Phones & Addresses

Rosemount, MN

3204 125Th St, Burnsville, MN 55337 (952) 736-1658

11443 Galtier Dr, Burnsville, MN 55337 (952) 736-1658

Bancroft, WI

1900 86Th St, Bloomington, MN 55425 (952) 854-1252

Minneapolis, MN

Dakota, MN

Madison, WI

3204 E 125Th St, Burnsville, MN 55337

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Work

Position: Craftsman/Blue Collar

Education

Degree: Associate degree or higher

Mentions for Forrest Lloyd Franks

Publications & IP owners

Us Patents

Method For Setting Prices And Accepting Bid Amounts In Time Deterministic Sales Transactions

US Patent:
2008013, Jun 5, 2008
Filed:
Dec 1, 2006
Appl. No.:
11/607730
Inventors:
Forrest Franks - Burnsville MN, US
International Classification:
G06Q 30/00
US Classification:
705 37
Abstract:
The invention is an auction method for setting prices and accepting bid amounts in time deterministic sales transactions such that a number of bidding slots are available each day of the auction term, each bidding slot with a reserve bid amount, allowing a bidder to make a bid at one of the reserve bid amounts, at which time all bid slots after the time of the bid slot containing the bid become unavailable, and as time passes, each bid slot containing a reserve bid amount that is earlier than then current time also becomes unavailable. The reserve bid amounts that remain available are increased, thus requiring subsequent bidders to make a bid early in order to secure a certain reserve bid price, or forgo the opportunity to purchase the auction item, or pay a higher amount for the auction item as each day passes. This encourages bidders to bid early, thus securing a lower possible purchase price. As all bid slots after the date in which a bid has been made in an amount of a reserve bid amount are unavailable, this sets an end date of the auction. The auction also ends when a bidder makes a present bid equal to the then current reserve bid amount.

Possible Relatives

Dale E Franks  Dan A Franks  Debra J Franks  Aaron M Franks  Danielle L Franks  Danny Franks  Dennis L Franks  Forrest E Johnson  Forrest W White  Forrest B Whitehead 

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