So Billy did respond to the lawsuit for his own part but no one responded for UOIP as the corporation that is why there is a request for entry of default filed by Collins and Kamal. I think Billy is trying to distance himself from UOIP and by not stepping up to deal with the lawsuit on behalf of the UOIP part (remember both UOIP and Billy) he may be clearly saying that he has nothing to do with UOIP. So this in my view leaves room for a BOD to take over and run the affairs. Someone did say last time here that they spoke with Billy and he intended to deposit the settlement with some lawyers who would be responsible for the distribution of funds. I wish he could get his lawyers to tell us what he is thinking so that we can get paid or trade asap.....Chistmas!!! If he responded for UOIP he was going to be guilty by default...
In these matters, the only way you move up a court date is if you can show cause for a reason around another event. Perhaps settlement is in 4Q and this will proceed it ...
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