I very much doubt they sold the IP to anyone. Without a PR, this would be a very obvious violation of security laws. I wonder why the noteholders haven't taken the IP, as is their right after a default. I guess it's the same reason that MTIA was willing to invest $5 million back in November, before Besser filed the lawsuit. As I speculated then, if they could get the IP via a default, why risk the $5 million? I also wonder who is buying shares everyday and why.
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