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Re: Princess17 post# 130532

Thursday, 06/30/2011 1:23:50 PM

Thursday, June 30, 2011 1:23:50 PM

Post# of 212382
Yes the sales were started but they did not have the manufacturing in place. Generally, one will start promoting a product and talking sales even before production. This will help create a stronger sales base when the units come off the line. I have no doubts that Paul had already presold some harps to vets and then had to turn around and cancel the contracts. Remember that Paul has traveled oversees before the APA to se the manufacturing facility and make sure this thing was a "go". He had to do his part of the "dd" on a 30,000,000 asset purchase and it is possible that Paul even had a third party check out the device. I know I would have. Just common due dilligence on a large transaction. It is a shame that it never got off the ground due to the friction between Lee and Paul. Hopefully, we can move past this struggle of ownership and really move forward. Lee should find a partner and get Xtend Medical Corporation moving. It is well documented in the court documents that Paul has offered Lee several settlement offers. Some may feel that Paul wants this ch7 bk just to sweep it all under the rug. But in my opinion that is far from the truth for one simple reason. CH7 will hurt Paul as far as his being able to operate new companies in the future. One's reputation does not survive this kind of blow. CH7 must be avoided for both parties future. Sam was once offered the position as CEO when the original APA was signed. All Paul seemed to want was the APA enforced and move forward with the marketing of the Bio Harp. The ball has got to be in Sam's court now. If he does not want to play ball then bye bye Xtend Medical and bye bye Bio Harp. The judge will sell the patents on the courthouse steps to the highest bidder. Knobbes will be paid and Lee nor the shareholders will see a dime. I doubt paul will see much cash himself in the event of ch7.