UnifiedOnline Inc fka UOIP

[bliksam]

Thanks - I saw all that also. But your point that he assumed over $50 million in debt makes the transaction even more curious. Since he can't possibly pay it, he must have plans to discharge it in some manner - the most obvious choice is bankruptcy followed by reorganization. That usually leaves the shareholders out of luck. The patents are of marginal use given their shelf life and the rapid advances of technology; and at any rate, the lawyers will get the bulk of any settlement. No matter how I look at this, shareholders are going to be left in the cold.