InvestorsHub Logo
Followers 4
Posts 2173
Boards Moderated 0
Alias Born 09/23/2010

Re: usandy post# 59898

Wednesday, 04/17/2013 9:33:20 PM

Wednesday, April 17, 2013 9:33:20 PM

Post# of 60937
It's my understanding that CLYW had 30 days from the resolution of our Texas trial to appeal to the next higher court. Some have suggested that Daic never wanted to win so that he could later pick-up the patent on the cheap and wage real war against infringers. Our poor litigation in Texas suggests that might be true. I'm not a court watcher but even I, with no legal training, am horrified at the apparent incompetence -- or worse -- of our legal "team." The receivership judge ordered the receiver -- who never returned my phone calls -- to get as much money from the patent as possible and distribute it to us owners. In this the receiver, either through incompetence or worse, has been a complete failure who doesn't bother to communicate with us shareholders. Since he stands to get a good piece of change from such a sale, his apparent incompetent behavior is all the more puzzling. He's acted as if he doesn't care at all.

I believe the 30 days is up this week. There is still a chance Daic will indeed file an appeal; I believe he filed with the Texas court an appeal of the brain-dead Markman decision at about 5pm on the last day of the window. After us having been told by the Texas judge that no sane juror could find for CLYW so he was canceling the trial (I believe this sets a precedent in unfair and perhaps unlawful behavior), Daic and we stand to lose literally a billion dollars. That doesn't seem to be in his character to accept.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.