UnifiedOnline Inc fka UOIP

[I-Glow]

This doesn't follow the Chanbond waterfall:

"Global settlement value: $600 million
Attorney Fees (28%): $168 million
$432 million
Bentham (25% net of attorney fees) $108 million
$324 million

CBV (50% remainder) $162 million
UOIP (50% remainder) $162 million"

Here are the Chanbond numbers:

Attorney Fees = 25% of Gross - $150M

Litigation Financing: 100% of Principal = $6M

Litigation Financing Return: 25% of Gross - $150M

IPNav: 22% of Gross - $132M

That equals - $438M

CBV Preference: 100% of net, up to $1M

CBVReturn: 50% of net thereafter

ChanBond Return: 50% of net thereafter

UOIP doesn't own Chanbond so there isn't any payment due shareholders.

Shareholders need to file a lawsuit against Carter stating he didn't fulfill his fiduciary responsibilities to the shareholders.

It is a waste of time writing letters to Judge Andrews as he is the Judge in the patent infringement case.

All letters written to a Judge in the case are entered into the records.

IG