UnifiedOnline Inc fka UOIP

[I_Am_Ram]

Per the 13D, Carter cannot lay debt on shareholders. It’s part of the conditions that allows this to be non-reporting. So in the 13D they laid out all existing debt at the time of transaction, got approval of transaction to Carter from note holders, and had Carter sign something saying all financial responsibilities from the date of execution and on are on Carter. So no, right now he cannot dilute shares to pay for litigation. The amount of shares he got was actually based on the amount of warrants and convertible debt at the time.