UnifiedOnline Inc fka UOIP

[jesuslovzu]

On page 38/39 it says something about Bentham being able to potentially recover "as much as 5 times the amount" that was loaned. Could this be the cap?

Since it sounds like he was using this for personal expenses, anything is probably too much, but it looks to me like there is an upper ceiling. TRO is from Diedre, though, so who knows what she knows and what she's guessing on.


It's possible they're just not factoring that cap into the waterfall that was published because the recovery in that hypothetical scenario doesn't get them anywhere near 5x.


However the above details sort themselves out, it is a huge problem that Billy has created UO!IP and transferred a portion of ownership ( future licensing ) from UOIP to this new entity that he created for himself. It's also a huge problem that this loan ( capped or not) is out there since he was apparently using it for personal expenses. Looking forward to sorting this all out!