Replies to post #87620 on UnifiedOnline Inc fka UOIP

[long uoip]

"we get what he gets for each share we own"
this is starting to echo jbbb's sentiments "chanbond wins, we all win"

"billy has close to a billion shares to cash in when this is over"

if that was sufficient, then what about >>

the 400 million preferred shares

issue of carter opening a company UO!IP in N.C. getting 22% right off the top

what happened to the $9+ million uoip made off of 500 million share dilution ?

the terms of the twice-amended Bentham litigation funding agreement

carter's personal loans with Bentham

I'm sensing that unless we get in writing that shareholders will get equal share value to carter's shares (no preferred shares) and additionally all above matters get renegotiated, than the lawyers will be knocking on our outgoing director's door

[BillyParham]

That’s exactly what I suggested yesterday. Truthfully it may be best for us all. Imagine a settlement comes in and the price runs to a buck and we all try to cash out, who’s going to buy all 1.6B shares at a buck? It’s not going to 2 or 3 or 4. The price would crash and no one would get paid. This has always made more sense to me than the other way around. The waterfall sucks, but if infinitely rather a special dividend than trying to play the market.

[choo choo trader]

I think I can figure out why he did it. He has close to a billion shares to cash in when this is over. He would not be able to sell that many on the open market after this process of settling is over.

He wouldn't have had to sell his shares in the open market nor would we. The money could have been distributed equally to all shareholders in the form of a dividend.

[TonyJoe1957]

"He would also crash our shares in the meantime..."

The stock is currently not trading, or, effectively at zero. Not sure how you can "crash" it any lower. Many would have sold a bit here and a bit there and not sold all their shares at one time.

He allowed the stock to get de-listed to avoid auditor scrutiny and auditor resignation, via 8-K, robbing common shareholders of investment liquidity, while he worked out the waterfall deal to unjustly enrich himself.