Friday, July 18, 2014 11:53:06 AM
The court suit that matters is the one in which CWS sued Sandia and then settled for $500,000 just before merging with A-P-i-yi! (now WafR) and then didn't pay and eventually was ordered to pay and still hasn't and thus remains in contempt.
Soooo, Sandia asked that the software be put into receivership so that it can be sold to pay as much of the settlement owed to Sandia as can be obtained.
As for
I don't know that that is true. There are plenty of obligations in APII/WaFR's history that would need to be met if that were so.
I think what is likely a bigger barrier to uplisting is getting the SEC to sign off on a Form 10. I would hope that they're going to want an explanation as to why Cyril and Teresa were issued 66% of the 9 billion shares for compensation of $30,000 each.
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