I read the judgements. If I saw all the judgements, the total liability is +/- $2million, depending on interest. Obviously revenue from CCP is whats at stake, even though CCP wasn't part of the patent suit. GRNO is on the hook with the judgement against them. With the total liability increasing because the judgement provides for 10% interest to continue to accrue on the original judgements, which totaled approx. $800K, it is in GRNO's interest to settle. Why they havent, and as a result the liability is at $2 million+ and growing, is a concern to us shareholders. Apparently GRNOs management team is just going along day to day living on CCP revenue waiting for the judgement to be executed upon. Then again, with interest growing at 10%, why would anyone execute, just let the mountain keep growing. I think our management team, very generous to call them that, should be called to account. I wish there were shareholder meetings. These bums, yes Peter, and the son you employ, should be ousted. I mention the nepotism as it bothers me that shareholders have lost most of their money while family is being paid. Being a public company, using shareholder funds for this mismanaged enterprise should be a crime. Peter, you are not trained or experienced for this responsibility and should resign. Hold a shareholder meeting, let the Directors pick a new, real CEO. Settle you debts, file your reports and act like a professional, but you dont have the mettle. Until these actions happen I am afraid our investments will continue to shrink. Ironically, Balallan may be our only hope to provide the urgency to finally settle this. (Oh, and peters GRNO email account is no longer active, I have tried to say these things directly). Nice to vent.
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