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Friday, May 03, 2024 6:19:45 PM
As previously stated the only purpose of the Complaint is to seek the court's intervention (1) in deciding who owns or what rights the company, J Faro and Bret have to the technologies and (2) allowing the shareholders to decide if and how the company should be reorganized.
With respect to the question or concern about timing, I anticipate the Court will set a date within 10 days of the receipt of the complaint that the defendants will be ordered to appear in New Jersey to argue why the court should not temporarily bar them from negotiating the sale of, or selling or transferring the technologies or underlying intellectual properties until such time as the matter can be tried and a decision is rendered by the court. I look forward to, as I assume you do, to a resolution of who owns or what rights the company may have in the patents.
Tom
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