UnifiedOnline Inc fka UOIP

[BrokeAgent]

The $1.2 million Leane borrowed was probably for costs. There are filing fees every time a filing drops -- usually hundreds of dollars, but the costs vary. There were flights, hotels. Normally, though, the attorneys absorb the costs and take a higher contingency, or absorb the costs and add it to their contingency fee when the case settles. So I'm not sure where the $5+ million Carter borrowed went, or the proceeds from the dilution of 500+ million shares.

We need to act soon. I don't like the idea of hiring an attorney on a contingency just to get us into the arbitration hearing. If it doesn't go well in arbitration, then we can talk about suing Carter and Leane for breach of the contract, breach of fiduciary duties, etc. and tie their hands.