Well he's not a professional conman like Schreiber, who has a very good history of getting off on technicalities, you know except for that SEC litigation. We all know that Schreiber only won his case in the first place because Klug didn't sue him fast enough. In any event, Klug settled in good faith and has paid off the original settlement agreed upon in full. He also paid the $143K bond to the lower court, so there's very little Schreiber can legally do to harm this company at this point. Of course that is why he is illegally holding onto the 247 million escrow shares which accounts for most of the dilution of the OS that has happened recently, but that will end shortly, one's desire to hurt a company's financial interest is not a legitimate defense for what he is doing.
There is also an appeal in the works. We have to wait and see if the way the previous judge interpreted the agreement to allow Schreiber to accelerate the loan can actually withstand review or not. If it does, nothing changes for investors except Schreiber wanders off to defraud other unsuspecting investors elsewhere. If the appeal is successful however the $143,000 bond will be returned by the lower court and Schreiber will have to pay the company's attorney fees.
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