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Alias Born 08/17/2018

Re: C to the E post# 19649

Friday, 08/17/2018 1:34:37 AM

Friday, August 17, 2018 1:34:37 AM

Post# of 19879
How much money do you have invested in ABHI?

Perhaps you have not heard. When John Hwang shut down ABHI in January, 2016 he abandoned the hardware and software, agreeing in writing for PC Drivers to take control of both. He had no backup for either. Later in the same year, when PC Drivers made a move to gain control of the patent, John, acting as CEO of ABHI, agreed in writing to give them the right to do so. He also agreed, via a default judgement gained when he refused to have ABHI represented at the hearing, for PC Drivers to be owed $350,000 by ABHI, have ABHI require payment to PC Drivers for use of their own software, and be locked out of the consumer marketplace.

FOr almost two years I have spent almost $2M regaining ownership of the software, fighting in court to undo the legal entanglements, finding and rebuilding physical servers and rebuilding the software from bits and pieces located in various locations.

Oh, and ABHI never made good on their original APA for the software purchased from my company Veloxum LLC in 2014.

All this has put the Active Continuous Optimization software created by Michael Lazar and myself 4 years behind schedule and down an additional pile of money.

I'm sorry you don't understand what it takes to spool up a successful software company, but it doesn't happen overnight.

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