"The agreement between Bentham and them will have the details. It is hard to believe that they didn't consider having a cap. Rob was alive at that time as well" ~ ice2014 ____________________
If 44,700,000 shares represent about 4.5%, there are fewer shares than previously believed outstanding:
(AJ's spreadsheet calculated 993,333,333 shares total if Deidre's 4.5%)
15. The ISA called for Unified to pay Ms. Leane for the ChanBond membership interests by: (1) issuing her 44,700,000 shares in Unified, representing a roughly 4.5% interest in Unified; and (2) $5,000,000.00 on or before October 27, 2020, pursuant to the terms of a promissory note executed together with the ISA (the "Note"). ____________________
10 million preferred were also mentioned under "Stockholders' Deficit" in the last 10Q filed on 02/22/16. It seems that he didn't add anything.
It seems the only change is 22.5% consulting fee that he has taken from deidre and allocated to himself. The end result remains the same for us in this regard. ______________________
If the final settlement is $100M then the 3 inventors, Deidre's 44M shares, Carter 900+M shares & common shareholders will get their share per the included waterfall. Carter's 900M shares will translate to $6+ million and he is not going to leave this money on the table.
If the settlement is further north of $100M then Carter's, Deidre's & our shares will translate to a much larger number. So, whenever Carter's 900M and Deidre's 44M translate into $, we all will get our $$$, if not, then lawyers willing to bat for the common shareholders at that point. ________________
If proceeds 30M then Almost all goes to Litigation Financer (i.e. 29.7M)
If proceeds 40M then Goes to Litigation Financer = 29.7M Goes to Lawyers = 10M
If proceeds 50M then Goes to Litigation Financer = 29.7M Goes to Lawyers = 12.5M Goes to IPNAV (Ms Leane) = 7.75M Inventors, Common Stock Holders, including Carter's 900M get ZERO dollars.
If proceeds 100M then Goes to Litigation Financer = 25M Goes to Lawyers = 25M Goes to IPNAV (Ms Leane) = 22M Goes to CBV - 3 Inventors = 1M Goes to CBV - 3 Inventors = 13.55M Goes to Chanbond = 13.55M Per 1M shares = 13.55M/1.9B * 1M = USD 7105 Carter's 900M Value = 6.39M
If proceeds 150M then Goes to Litigation Financer = 37.5M Goes to Lawyers = 37.5M Goes to IPNAV (Ms Leane) = 33M Goes to CBV - 3 Inventors = 1M Goes to CBV - 3 Inventors = 20.51M Goes to Chanbond = 20.5M Per 1M shares = 20.5M/1.9B * 1M = USD 10,789 Carter's 900M Value = 9.71M
If proceeds 250M then Goes to Litigation Financer = 62.5M Goes to Lawyers = 62.5M Goes to IPNAV (Ms Leane) = 55M Goes to CBV - 3 Inventors = 1M Goes to CBV - 3 Inventors = 34.5M Goes to Chanbond = 34.5M Per 1M shares = 34.5M/1.9B * 1M = USD 18,157 Carter's 900M Value = 16.34M
If proceeds 500M then Goes to Litigation Financer = 125M Goes to Lawyers = 125M Goes to IPNAV (Ms Leane) = 110M Goes to CBV - 3 Inventors = 1M Goes to CBV - 3 Inventors = 69.5M Goes to Chanbond = 69.5.1M Per 1M shares = 69.5M/1.9B * 1M = USD 36,578 Carter's 900M Value = 32.92M
If proceeds 1B then Goes to Litigation Financer = 250M Goes to Lawyers = 250M Goes to IPNAV (Ms Leane) = 220M Goes to CBV - 3 Inventors = 1M Goes to CBV - 3 Inventors = 139.5M Goes to Chanbond = 139.5M Per 1M shares = 139.5M/1.9B * 1M = USD 73,421.05 Carter's 900M Value = 66.07M
If proceeds 1.5B then Goes to Litigation Financer = 375M Goes to Lawyers = 375M Goes to IPNAV (Ms Leane) = 330M Goes to CBV - 3 Inventors = 1M Goes to CBV - 3 Inventors = 209M Goes to Chanbond = 209M Per 1M shares = 209M/1.9B * 1M = USD 110,263 Carter's 900M Value = 99.23M ________________
Authorized 6B and 10M numbers were included in the last 10Q filed on 02/22/16. Per the same document, at that time, 626K and 1.879B were issued and outstanding.
Million dollar question is that how many have been further issued since the last 10Q. == Last UOIP filing:
If we can get net $150-200 Million for the shares, let all those other aholes fight over the rest. This looks like close to $600 million from the guesswork I see- if they cant figure out that $400 mil is plenty for their end, let our lawyers point it out to them clearly. $200MM/1.6B shares is $.125/share, be a lot of happy campers with that check.
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