Dierdre's contention in the TRO is that Carter has given himself, his company UO!IP, 22.5%. I consider this to be hearsay at this point, since we have no proof. I'm also concerned about Bentham's percentage. If there is a $1 billion settlement, Bentham will receive $250 million for a $5 or $6 million loan? If the settlement is $2 billion total, that's $500 million. There is no cap on Bentham's payout. It's concerning, particularly if the funds borrowed were not used for the litigation. Since the lawyers are working on contingency, I would have to believe the funds were not used for litigation. The funds were not likely used to pay off UOIP debt, as that is what the dilution was for (those are the shares most of us own). And they certainly weren't used to keep UOIP a going concern. So is UOIP paying Bentham $250 million to $500 million for personal loans to Carter and Leane?
