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Thursday, July 01, 2004 7:30:52 AM
LB said he is going to advise LB2 for 6 months or more. And the litigation with AS continues as before. So nothing has changed. LB1 is really in charge and the situation is the same.
IF inventor AS wins the battery patent in the court case will he even want to bring the battery back to such a company with LB2 in charge and LB1 in the background with 10s of million of shares in control of, and more millions of shares influencing?
Once again LB1 has missed the problem which is himself and not allowing proper arbitration and thinking he is the brains of the company and indispensable. Or maybe just trying to avoid SEC penalties, censor and maybe jail time.
Will the court case even be heard. And notice the court case could have been avoided and resolved years ago if LB1 had just clearly put in his SEC filings that he owned the battery patent like he did with the other patents PWTC owned that formerly belonged to AS. Then LB1 and AS would have disputed the claim while both were on relatively good speaking terms and resolved it one way or the other.
But isn't that what they already did and why no PWTC SEC filing claims PWTC owns the battery patent, at least not till inventor AS angrily resigned. So probably the patent dispute is really mute and AS owns it and LB1 is postponing the court trial for as long as he can to protect himself from legal prosecution.
Don’t you just love the business plan of LB1 and the soon to be LB2, the former picks to replace himself.
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