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Re: guy3 post# 64995

Tuesday, 04/22/2014 12:15:21 PM

Tuesday, April 22, 2014 12:15:21 PM

Post# of 92949
GUY, just trying to help,though this latest development should be taken seriously, imo, though I'm no attorney or corporate finance guy.

No question the company is in dire financial situation and a Board decision to resolve the A/G, Camofi, Aaronson and WARF litigations might, which are hefty, may have finally brought them to chosing bankruptcy.
The company still owns their intellectual property,etc. Would be great if a cpa is a board member and can give us some thoughts/guidance on the default and the intellectual property and if bankruptcy apparently gives them a new financial path on survival

At this time, I'm taking this seriously given the dollars i have invested here which i would hate to wake up one mornig and see has become worthless.

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