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Re: None

Wednesday, 05/29/2013 8:36:05 PM

Wednesday, May 29, 2013 8:36:05 PM

Post# of 36237
ETA on the $195,400 as per STLK CEO.

From: Jose Quiros [jquiros@v3rsant.com]
Sent: Wednesday, May 29, 2013 4:57 PM
To:
Subject: Re: Regarding latest PR

Dear :

Thanks for the note. I thought we were very clear on the Press Release that CICA still has to decide the case, but that having their appeal rejected was good. Interesting. CICA provided us a 5 month time frame to resolve the matter. For comparison Sala Primera could take eight years, maybe ten. The case was appealed in month two, so we have three months or so for the judgement. They already appealed, that is why this was significant. CICA has jurisdiction and the court further stated we were right in our request for reimbursement and the amounts. Our legal advisor says that the chance of appeal now are minimal due to the rejection and the opinion. It is a very straightforward case. As with any legal issue, timing is difficult to guess but we are nearing the end.

Best regards,

On May 29, 2013, at 5:19 PM, " " <> wrote:

Hi Jose,

People on the boards really don’t know how to read and actually think Versant has already received the $195,400 which is not the case from how I read it and I’m pretty sure I’m right on this.

So ballparking CICA’s arbitration resolution timelines, how long before Versant can expect a final decision on this arbitration case? And once the decision has been placed can it be appealed again?

Thanks again.



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