A good place to start your DD would probaly be here...gl...welcome to I hub!!as this is your first post..when your done with your DD "Due diligence" Please fill me in on your thoughts of who or what...TIA http://www.sec.gov/litigation/complaints/2010/comp-pr2010-187-wilcox.pdf ......... after reading all of that...who is more likely with the charges above? WQN is currently involved as the defendant and counter-claimant in an arbitration dispute styled: Dr. Alex Parsinia v. WQN, Inc. (f/k/a World Quest Networks, Inc.); Arbitration before the International Institute for Conflict Prevention and Resolution. The dispute arises from an Asset Transfer Agreement and Addendum thereto that WQN entered into in 2003. The transferor, Dr. Alex Parsinia, claims that WQN breached the Asset Transfer Agreement. WQN claims that Dr. Parsinia breached the agreement, converted WQN’s proprietary information, and committed fraud. Pursuant to the Asset Transfer Agreement and Addendum thereto, WQN and Dr. Parsinia will arbitrate their claims before the International Institute for Conflict Prevention and Resolution in Dallas, Texas. WQN believes the transferor’s claims are without merit. At this point in time the amount of damages, if any, is not known although management does not believe, that when known, it will be material.
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