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Post# of 64738
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Paulness

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Paulness

Re: 3devo post# 63271

Thursday, 11/18/2010 3:58:22 PM

Thursday, November 18, 2010 3:58:22 PM

Post# of 64738
Something we all knew

On November 17, 2010, the Company received a report from the independent legal counsel that a great deal of legal effort will be required to regain control of the patents. The Board of Directors has begun negotiations with the Former Employees to reach an agreement with them that would induce them to return the intellectual property to the Company. Further, the Company does not believe that the summary judgment is enforceable and is taking steps to recover the intellectual property while it conducts negotiations with the Former Employees.

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