End of rope...
No doubt Duane Morris "accelerated" debt, but stayed recording of Deed to property. No $1,614,216, property gone. Would MOON care if he is contemplating purchase. NO. He would simply buy from Duane Morris for maybe $3M or $4M cash and be done with all the shareholders and drama with USPR.
Could be a quick deal...WITHOUT UPSR shareholders...
And don't think others with Millions in shares would not dump as soon as they smell (or hear it from a little birdie) BEFORE YOU!
I know someone with 1.4M shares at .04...better now then at .02 for him.
ALL of course IMHO...but reasonable scenario.
FROM LAST 10Q
"In addition, under a settlement agreement, we are obligated to pay Duane Morris LLP, our former attorneys, the sum of $ 1,614,216 in four equal payments, at 90 day intervals, beginning in May 2012. Certain other conditions may apply which would result in an acceleration of such payments (Please refer to our Form 8-K filed with the Securities and Exchange Commission on May 27, 2011)."
