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Thursday, September 08, 2011 1:48:01 PM
I believe Dr. Lee got Controlling Interest of the Company/XMDC, But NOT THE PATENTS. Which I believe are XMDC & put up for Collateral to KMOB for services rendered,
So the Orignal APA gives the Patents (All Intellectual Property/Assets) to XMDC & Majority Percentage (54%) of Company to Dr. Lee...Someone, Pls Correct me if I'm Wrong!!!
What the Courts May do is, Rescind the APA all together, saying it is Null & Void & than Sam gets Back the Patents. I don't have a Clue how KMOB would get Paid from Paul/XMDC if that was the case.
Than we are ALLLL SCREWED!!!
GLTA, Bubba714
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