An unnamed businessman has secretly taken control of the ailing Cash nametag company after he discovered they owned the trademark Hashtag™. A Cash's spokesperson said that the Coventry company would be moving away from their previous business of making the woven name tags that parents used to sew into their children's clothes. Instead they would be concentrating on recovering royalty payments for the use of their Intellectual Property.
"The term Hashtag™ has been used billions of times over the last few years," the spokesperson explained, "Sometimes in a commercial setting. In these cases a royalty is payable. And going forward Cash intends to licence the term Hashtag™ to the highest bidder."
They went on to say that the rate for each prior use of the term has been set on a worldwide basis at USD 0.23.
"Anyone who has used the term Hashtag™ since 2008 is encouraged to make payment now, rather than wait to receive notice. That way they will only be liable for the royalty, not for any costs or interest."
The company has stated that if you have used the term Hashtag™, you should send payment to their PO box number, made out to Cash.
As this article went to press, the company was also said to be looking into the implications of their trademark for the word Cash™, since they registered it in 1846.