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iagman

01/05/11 8:59 AM

#38396 RE: CutAbove #38395

Would you be willing to give those people technology without them removing you from the lawsuit?
So, the statement below from the 8K is basically fluff?

SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
Then as part of the overall comprehensive business strategy, the company will attempt to simultaneously proceed to settle all of its outstanding litigation, enter into a Letter of Intent to finalize negotiations it has been conducting with Scott Copeland for the acquisition of new technology…
Has this letter been signed or not?

Then, there is this from the 14A
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 14A
R E C I T A L S
2. Definitive Agreement.
d. Conditions to closing reasonable under the circumstances, including but not limited to (i) five-year covenants not to compete from, without implied limitation, SUEZ, Jack Cukjati and Scott Copeland with respect to similar technology…
The word "similar" is very broad and could cover just about anything security related.
iagman





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astrosfan

01/05/11 9:25 AM

#38398 RE: CutAbove #38395

I concede the last part of your statement. Let me ask you this Cut. If he truly is concerned with the well being of the s/h, why didn't he use some of that leverage against past management that were making some poor financial decisions. If he decides not to work with current management, where does that leave the s/h?
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TheLaserGuy

01/06/11 8:11 PM

#38423 RE: CutAbove #38395

Speaking of the whole story do you have any idea why jack walked away from 43 million free trading shares that could have been sold during the recent run for over $1 million to use as funding?

Also, as part of walking away from the shares he left Exobox and others in the lawsuit.

We tried to bring Scott into the release but I don't really know why he did not become part of the deal.

Either he was not contacted or he did not want to participate in the release.

It sounds like Scott did want to participate in the release so maybe he was not contacted?

We also wanted to include the Pernias but were informed that they were hard to locate/communicate with.

Most of my conversations with jack lately quickly degenerate to the level of oral sex.

There are so many things that he and the Rat and I do not see eye to eye on.

Rat and I had agreed to work for free with no fees for board meetings, not $2500 per meeting like the previous board and current board.

We were against a r/s.

Rat had a line on a big time angel investor.

We wanted to use the 43 million shares being offered in exchange for release from the lawsuit for funding to buy us some time.

In an effort to reduce the debt picture we were offering anyone that had a debt on the books to exchange the debt for a release with the company.

Maybe some of these plans are in the works, hard to tell with the total lack of communication coming out of the company.

Day one Rat and I were going to implement a blog on the website with whatever news that was worth sharing being posted weekly.

So many plans....