really775: RA needed to put up a bond that guaranteed that the penalty would be paid if USXP lost the appeal. Otherwise, he risked having the judge rule against any stay of the penalties (which the judge did).
He could have still appealed, but there is absolutely no evidence that he has done anything in the 3 months that has gone by since he filed the 'Notice of Appeal.' I have no idea how much time he actually has to file the appeal, but I seriously doubt he had as much as 3 months.
Doesn't matter much - even if the appeal deadline hasn't passed, he is done as CEO, and Gunderson is out as well. And a receiver has been ordered for the company. That receiver will seek to do whatever it takes to satisfy the company's 21M penalty.
So, RA and Gunderson not only took themselves down, but they have absolutely guaranteed USXP is history as well.
