Please dont misunderstand. I dont think that it removes Daic's involvement from the Federal case. I simply think it turns him into a silent partner. As I read it, and I may be wrong as I am not a lawyer, Calypso, in the federal court case, has the right to settle all litigation with T-Mobile and Daic has to go along with it. Daic, however, is entitled to 25% of that settlement. The state court case is diputing the 25% that Daic is entitled to and will be resolved as a seperate matter.
Simply put, in my opinion, if T-Mobile settles, the Fed cae is over and Daic is entitled to 25% of the settlement. The state court case will determine what Daic actually gets in the end. Now I know there are many things going on in both and it is sometimes hard to keep track, but if you disregard the state case for a minute and look only at the info filed in the fed case, as that is the only thing that should be taken into consideration for this case, (I gotta beleive if there was any other ownership issue the T-Mobile layweres would be all over it filing for a continuance until the issue was resolved, it will provide Calypso an opportunity to settle without Daic approval. This would infuse cash and inital boost to share price but the state court case affects the share price and our ultimate value if Daic wins because (per the filing in the Fed case) he would get 25% of everything going forward as a 25% owner of the patent.
I have been focusing on the Fed case here in the short term and have not had enough time to weed through all the state case filings to try and figure out where we stand there as I know many things have been ammended in the suit.
