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Re: BlueHen03 post# 55121

Saturday, 02/11/2012 4:09:44 PM

Saturday, February 11, 2012 4:09:44 PM

Post# of 60937
No. If I read correctly, the judge acknowledged that CLYW owns the patent and believes it is "readily saleable." He then orders the receiver to maximize the shareholder value of the company, see the creditors are paid, see the shareholders split the value of the patent after sale, and then liquidate the company. Pretty straight-forward, and very positive. Not a word of confirming that Daic or anyone else shares in the patent since he finds the BOD illegitimate, unelected, and to have been fraudulently involved in running the business. IOW, he argues that everything the BOD has done was unlawful.

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