I agree with your points. Was in a small Co. involved in a legal battle with a subsidiary of a major firm. Legal struggles take enormous energy from a small, growing firm.
It's far better to put efforts into executing the strategic plan with the growing group of collaborators who already have agreements with Intellicell. Tending to these collegial relationships with explosive growth potential is likely to have a better payoff than remaining in legal quagmire -- made more difficult by non-US company location for sure.