Talkoption- get it through your head, please!
The issue with the Acacia deal is NOT that Daic turned it down "on our behalf". It is that he did so and kept his hand on our throat. If he wanted to do a better deal than one that would take him out of control, he had to release us at that time. It is EXACTLY that control that has stifled investment in this company from day one and put us where we are. Who would put major money in this company when Daic could always take the patents the next day (besides you?). It is EXACTLY that control Pattin has assisted Daic in keeping on several occasions.
The FIRST order of business was to have an election of Directors under the exceptions allowed for Rule 14(c) as detailed in Newcastle v. Vesta and even more fully explained in Black Horse v. Metromedia. This is also a basis for a derivative lawsuit against the Directors irrespective of whether they try to do it now that it is too late. Pattin's excuses have been used MANY times before. He just thinks he is the first one who thought of using this excuse to screw the shareholders because he is smarter than everyone else. Fact is, he is so dumb, he doesn't even know what he doesn't know.
And this is the tip of the iceberg with Pattin. Remember his 14a fiasco designed to be to his personal advantage at our expense? MANY reporting companies have used written consent of shareholders in lieu of a meeting (I stopped counting at 200). But Pattin can't do it because he doesn't want to. Trouble he has now is that the 100M increase that was sufficient then now has to be about 500M because of him. He doesn't dare go forward now.
Pattin has consistently broken the law, rules and regulations as well as the Articles and Bylaws of the corporation with full knowledge thereto. He has been the lackey of DeWine and Daic in so doing. I could go on for days about Pattin but I am late for work. You just keep bowing to our great leader in the mean time and everything will be ok for us.
