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litton51

07/08/14 4:32 PM

#60786 RE: wooden #60785

A year and a half ago, the receiver was given three years to "roll-up" the company and "maximize the shareholders' value." He has another year and a half to do the latter and has utterly failed at the former. I have tried to talk to him. he ignores emails and faxes. I did reach him once by phone and he said he didn't have time to talk but would call me back. He has not. To be fair, as it stands now he will get no money from CLYW, either, so his motivation to do anything must be small. Of course, Daic is unknowable, but since the only appeal from the unnatural act we received from the appeals court is the US Supreme Court, I think it unlikely hr will pursue that route. It is puzzling that he let his lawyers be beaten to a pulp by TM's lawyers considering Daic had the possibility of reaping hundreds of millions of dollars from the patent if his legal team had been better. The whole CLYW saga is a business school case study in the making.