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Thursday, December 29, 2016 4:58:57 PM
I did send an email to the company years ago, suggesting that one method to at least build up a reasonable 'war chest' of several hundred thousand in cash, so the company would not have to go begging for financing every year and also, I had hope, would make it more likely that ATVI would offer to settle instead of dragging the case out to the end. Part of my email to the company was that I did not think there was any chance whatsoever of ATVI or anyone agreeing to settle since it always looked like the WDDD could run out of cash any day. i.e. Why would anyone offer to settle a lawsuit when it looks like there is no way the other side will even be around in a year?
It was also one of the reason I had hoped that VRNG would have taken over WDDD with a stock swap, while some of the upside would have been given up, WDDD would have then become part of a company with several million in the bank, credible investors invovled, and access to additional legal talent and experts, and WDDD shareholders would have had some of the risk spread out be also having a stake in the VRNG patents.
Now VRNG is limping along also and can't do anything.
Louis J. Desy Jr.
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