Robtff,
Here's the thing...Sequiam likely did further research on the lack of ANYTHING owned by Cyberkey of value, and saw the results of the SEC AND FBI TRIALS bankrupting CKYS. Why bother? Waste of lawyer's time and company cash. Especially when you're busy appeasing Black and Decker/Kwikset, Fujitsu, and the other 200 resellers.
As with any forward-looking statement, they do not have to provide that update.
And they couldn't pursue something from a company with nothing.
And CKYS has nothing.
IMO/FWIW