Brilliant Technologies Corp. (fka BLLN)

[Wayne Rosso]

Trick Or Treat, Klepsy? Oracle Update

As you all know, Klepsy went back to court with his classic "the dog ate my homework" defense to vacate a judgment from Oracle for $1.8 million.

http://docs.justia.com/cases/federal/district-courts/california/candce/4:2009cv03334/217433/76/

You should be interested to know that the judge ruled...in favor of Oracle. There is now a valid judgment against Qtrax and 10 John Does for $1.88 million plus 7% interest. In addition, Klepsy is barred from using any Oracle software and must return any and all copies of the software in his control or possession back to Oracle.

May I remnd you about how Klepsy described this as "a little tiff" that would easily be resolved and that Qtrax and Oracle would happily skip down the yellow brick road together once they put it behind them. Somebody wil be skipping all right, and it ain't going to be Oracle. You can bet that Klepsy will be skipping out of the country to avoid this judgment.

The judge gave them 90 days to try to reach a settlement, but we all know Klepsy's MO. He'll strike a settlement deal with Oracle and then renege, thus forcing Oracle to restart the meter and begin the process of enforcing the judgment anew.

So good luck trying to find investors, Klepsy. Not that anybody would seriously invest in this pig anyway. It's a total sucker bet. You might want to start dumping this crap if you haven't already.