Replies to post #84732 on UnifiedOnline Inc fka UOIP

[pillskill]

Once the company stops reporting there is no obligation to do anything cause there is no Company technically. And Billy can do anything he wants just like the CEO of Exon or an employee of a company or anyone of us. If we have access we can do Anything at anytime. It doesn't make it legal. Since this broken law would most likely be CIVIL law it will be up to us to pursue the legal remedy . I am letting everyone on the Board know if the time comes I will recommend we hire a contingency lawyer to fight for us. If a lawyer takes the case on contingency it will mean he believes in it cause he only gets paid if we win. Google my brothers name arash homampour . I have connections in this area and can help. . Of course I don't need to be the source of the referral and I hope it does nothing come to that; I'm just letting everyone know. Yes billy can do what he wants. But it's illegal to sell shares and not report they were taken off the shelf. Anyone doing anything related to the Corp has a fish hairy duty to do what's best for the shareholders. Think about it if it were that easy for billy to get away with it every corporation right before they signed a big deal would stop filing so the president could keep all the money; it's illegal. This is all my Humle opinion based on experience

[I-Glow]

Carter hasn't done anything illegal - he had a well thought out strategy to screw over shareholders. But the shareholders didn't recognize or believe it.

"Was what Billy did 'legal'?
If not, would be able to get $ out of it.

I believe that any action that benefitted him and hurt us was not legal. Further, I do think we would be able to get $ in case of a settlement."

Leane states in her complaint that Carter doesn't have standing to negotiate a settlement without her consent.

Carter and Leane will settle but that doesn't help shareholders - neither she or Carter care about the shareholders - as they aren't going to receive a penny.

This is what happens when you trust a patent troll.

There isn't a pathway for shareholders to receive anything from a settlement. The equity holders are always last in line to be paid - so Bentham is paid first (and Carter is so broke he is living off of the litigation funds) - next are the Attorneys - then IPNAV etc and when it is time to pay the shareholders the settlement funds are gone.

IG