This case has just gotten a lot more complicated, if that is even possible. It appears our inventors have signed some document under duress that gives Deirdre control over the settlement. That could be what was affirmed by the arb panel. That document pre dates the sale of Chanbond to UOIP. What significance is that? The inventors say they only saw the document and amendment in 2020, but Earl says he was forced to sign it in 2015. What significance is that? Were the original directors of UOIP and Rob aware of this document at that the time of purchase? Where is Billy in all this? He was the other side in the arb, is he not the real problem here? If there is really bad blood between Billy and Deirdre, how does he get paid if Deirdre gets the settlement? Are the shares they own a moot issue? Does Deirdre's agreement render the settlement an asset for her rather than Chanbond? If so, what was behind the purchase price of $5 million and 44 million shares? The big question is-does Deirdre and IPNAV own the settlement or Chanbond?
All information provided is the opinion of this poster from review of information in the public domain.
