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Re: JEM165 post# 148987

Thursday, 02/02/2012 6:53:31 PM

Thursday, February 02, 2012 6:53:31 PM

Post# of 212212
XMDC OWNS PATENTS, Knobbe's lien survives after BK7, if XMDC doesnt pay the security interest lien, Knobbe still gets paid out of auction proceeds, the lien does not "go away" when BK7 is discharged(satisfied/completed)

this is why SL has always asked for the $250K from XMDC/PL even if BK7 is approved, THE LIEN NEEDS TO BE PAID IF YOU WANT THE PATENT

this is the HOLE PL has dug for shareholders(he sold stock promoting a "sky's the limit" knowing everything going on behind the scenes(not the sky)

yeah, it is TOTAL misinformation to say that anyone other than XMDC owns patents.........IHUB needs more then IGNORE, I agree