"Death to zombywolf" Manifesto
Lets have some fun with numbers and the general situation.
What if the settlement was under $100 million dollars? Lets break that down a little and see what happens.
First the Chanbond legals have to paid out. I think a decent number is 50%, including the new additional loans to Billy he added on after Rob passed, plus the $5000 a month he has been taking as a consultant fee every month, leaving at most $50 million. Then Deirdre gets her $5 million plus interest= about $5.3 million, bringing us down to less than $45 million. This is the amount left before what the inventors got in the payout last fall. Had to be at least a couple mil each, but lets be conservative and say around $2 mil each=$6 million. Now we are down to $38 million and change.
Key in the CBV case now. This about the validity of Deirdre's ASA and arbitration to get 22% of that $38 million, or the inventors getting more of the net. In the filings, the inventors deal was $1 million, plus 50% of the net. Not sure if she uses the $45 million or the $38 million as the net figure, so we will use the $38 million to be conservative. One of the two will win that case. If Deirdre wins, she takes $8.4 million, plus probable legal fees. If the inventors win, they would get 50% of what she gets or $4.2 million. Lets grab the midpoint to account for either outcome for illustration-$6 million, leaving about $32 million.
Now there are some other unknowns in this case-Billy's take outside his shares. If it turns out to be similar to Deirdre's claim-$8 million, we are down to $24 million. This all assumes a settlement of $100 million, what if its $80 or $90 mil instead. That would bring the final amount left to distribute to between $4-14 million for the shares. That would create a per share distribution(1.6B) of .0025 to 00875. Puts that to a per million share value of $2500 to $8750. I am guessing the settlement to be less than $100 million, so I predict the distribution for this to be in the .003 to .004 per share range.
This can be affected by actions taken by the legals supporting the shareholders. The shareholders legals will not effect the settlement number that was negotiated-the die is cast on that. Doubtful they can affect the legals costs, except for the extra loans Billy took out from Bentham for himself, but hard to say about the $5k per month as he was the manager of Chanbond getting paid. Those loans can only be fought in the derivative action, in addition to the amounts he claims outside his shares. The investors have no say in the CBV action-either Deirdre or the inventors get more money as accounted above. So any legal outlay by investors to intervene is pointless, because it will have no effect on the outcome of that case. And to do so puts us on the same side as Deirdre trying to take money from the inventors and shareholders- maybe the cabal thinks that is a good idea, not me. If we win then the CBV case, that only means less for us in distribution at the end and more legal fees wasted, what sense does that make? Have the cabal explain to you their reasoning on that. Whichever side wins gets there money right then from escrow, and no injunction will be won to stop that. So what is the point of the intervention? Let them explain that to you with facts, not idiotic flameage.
Now we come to the derivative action. It appears from above that a derivative action can effect at most about $10 million of the net. It wont affect the Bentham or Chanbond lawyer take, that has already been paid to them according to the filings. Wont affect Deirdre's $5 million plus interest, valid by contract. Wont affect the investors take, will be valid by whatever after their case concludes. So it comes down to whatever illegal amounts Billy has taken for himself.
In the first action that comes in NC, it is Deidre fighting derivatively for the corporation vs the Chanbond lawyers for Billy. When I say the corporation, that means everyone here, nowhere in the filing does a win direct any distribution to her directly. Being the only one who seems to have read it, that is what is in there.
Maybe our Pacer guru long uoip can post it, I cant separate it from the 175 pg filing from 4/22 I was provided by a kind soul. In there, Deirdre lays out the similar claims against Billy's mismanagement alleged by the cabal case. Dont think she missed much, read it and decide for yourself. If you dont want to read, from my take, it it close enough. This case will be heard before any duplicate action the cabal is mustering now after the Rader debacle. Deirdre has a big head start by filing in February, and the NC courts are probably less cluttered than in DE or CA for trial scheduling. NC follows Delaware law in cases like this, so any decision will
be held up in DE, so a duplicate action there will be pointless. I can just imagine the judge in the second case saying after a Deirdre win in NC- "You won your case in NC, why are we here arguing the same case and wasting the court's time?" CA is out because of the Rader debacle, unless Ice and Greg decide to hire new lawyers out there and incur new legal costs. But it seems the new plan is to use the Delaware guys to fight the unnecessary intervention as described above, then go for a duplicate derivative case in Delaware that has not been filed yet. If the plan is to continue the new duplicate case in CA, new lawyers have to be hired, as John and Brian dont practice there. You decide what makes sense about being in a duplicate action that will be decided before you even get to bat.
What is being ignored by the cabal (and only me talking about) is the state of control at $UOIP. Anything that ends up to be distributed to shareholders, ends up there. Derivative actions are for the benefit of all shareholders equally, not just a separate group of privileged elitists, whether the cabal or Deirdre. Both cases argue the same points and would be decided the same way. But on a win, where does the money go? It sits until there is someone is at home at the company. And that will not be decided at either of the derivative actions. If the cabal really wants to do some good here, instead of wasting money on unnecessary and duplicate actions, they will empower John and Brian to use the Court of Chancery in DE to gain control of the corporation, so the money won by Deirdre has someplace to go to be distributed. That is the only action I will support, and it is backed up by a US District Justice, and all the business lawyers handling the other cases.
This work also includes the sad state of affairs with the corporation records. As I have been informed, past corporate records are sparse and in disarray. That includes the shareholder records, which are in multiple TA records and incomplete, not just located at Monmouth. If we can get control of the corporation, this has to be addressed before anyone gets paid. This information comes direct from those that know the status of the records. Everyone wants to eat at the restaurant here, but not cook or clean the bathroom.
Here we sit now at a crossroad after the Rader debacle. Not going to place blame on the cabal for hiring him, what is done is done. What I will place blame on is squandering new money to fight unnecessary and duplicate actions, and not to put those assets to best use. The only argument they have is none for the intervention, and that Deirdre is in control and paying the bill for the derivative case, not them. Same money goes into the corporation by either derivative action, why pay for it twice? And Deirdre nor the cabal has any say in that. After the Rader debacle, it is time to look out and actually see the trees for the forest.
I will not respond to unproven flameage, the manifesto speaks for itself. You decide if it makes sense to you in your situation here. As usual, all this is my opinion based on reading fins, going to hearings and speaking with various sources around the case.
AI
Market Data 
Markets 
