Replies to post #7847 on Vertical Computer Systems Inc (fka VCSY)

[Mother Lode]

This apparently is a problem for Lakeshore/Farias or else there would not be a motion to exclude. I wonder what date starts the 4-year clock running.

[Mother Lode]

"Under an amendment of the Lakeshore Note and the Loan Agreement executed on January 31, 2013, Vertical was obligated to transfer 25% of its ownership interest in NOW Solutions in the event certain principal payments were not timely made to Lakeshore. When the last forbearance agreement with Lakeshore expired, Lakeshore became a 25% minority owner of NOW Solutions on October 1, 2013"

https://www.sec.gov/Archives/edgar/data/1099509/000161577418008428/s112021_10q.htm

If the start date for SOL is 10/1/2013 Lakeshore may be too late (They filed 5/2019)

[Mother Lode]

02/22/2023 Notice of Posting of Jury Fees
Filed by VERTICAL COMPUTER SYSTEMS, a Delaware Corporation (Defendant)

I assume this (along with jury instructions 2/9/2023) means VCSY wants a jury trial.