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Re: HighRider post# 51522

Saturday, 12/10/2011 1:42:05 PM

Saturday, December 10, 2011 1:42:05 PM

Post# of 60938
The "agreement" was never filed with the court. Hence, whatever may be on paper somewhere has not been accepted by the court. There is no legal agreement.

The deadline to file with the court -- and for the court to accept it -- is 19 December -- six more business days. The court docket shows that if there has been no agreement accepted by the court by 26 December, Daic will be declared the winner of the suit by default. CLYW will have no patent and will still owe Daic $160,000,000 by default.

One can sing and dance all they want about the "settlement," but there is none, legally, despite four lies -- ah, 8Ks -- since August.

My prediction: Williams will be ousted on 15 December, for right or wrong. On 19 December an agreement will be filed with the court. In it, CLYW will receive the US right to the patent, 28% of any TM deal, and $20M in cash. This money will disappear into the bank accounts of the various figures who will claim back pay and expenses, plus interest. T-Mobile will be shown to have made no deal with CLYW, having understandably laughed at the idea with Turrini in charge. Some will demand hiring a junk yard dog of a contingency lawyer and sic him on the infringers. This may yield results down the road. The stock will hit 18 cents and stay there pending further developments. Cramer will give a "hold" recommendation. The BOD will refuse to complete the SEC paperwork to get the stock relisted and will attempt to dilute the stock by trying to issue more shares -- anything to keep the patent off the market. Williams will sue to stop this. Williams may well put the company into receivership. If he does, all bets are off and CLYW moves to Plan D.
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