"Well yeah, but no disclosure the agreement to sell occurred in 2008. Only lately did Cate confirm it was 2008. Never in 08 did the company say they had agreed to sell their stake, with a initial milestone payment, and a subsequent final payment for their project management services to follow."
Where did you get this DD from? Cyr confirmed that we sold our equity interest in Sept of 2010. It was made known to us in Aug of 2010 through the amended organizational structure located in the EFSEC docket.
If the CEO of LLEG did post, then any power wanted to acquire and serve a subpoena to iHub to acquire IP information would have to follow the following policy if there is a "bona fide legal action that implicates..... in legal impropriety or wrongdoing" and iHub does not "produce user information based on subpoenas engaged in 'fishing expeditions'."
Subpoenas for member account information must be issued by or domesticated through a court having personal jurisdiction over iHub. iHub's Registered Agent is located in Tallahassee, Florida and we accept service from the United States District Courts for Florida. For applicable requirements governing the issuance of foreign state subpoenas or federal subpoenas in these jurisdictions, please refer to http://www.law.cornell.edu/rules/frcp/.
iHub will release user account information that may be sufficient to identify the InvestorsHub member only when the party seeking the information has filed a bona fide legal action that implicates the iHub member in some legal impropriety or wrongdoing and can show that the information requested is material to the underlying case. In other words, we don't produce user account information based on subpoenas engaged in "fishing expeditions". Persons seeking user account information must provide iHub with a copy of the complaint and supporting documentation to indicate how the iHub account holder is related to the pending litigation. iHub will determine at its sole discretion the applicability of this policy to any particular subpoena. This policy does not create any enforceable legal rights, either for InvestorsHub.com members or for requesting parties.
Upon receipt of a subpoena and initial review of its legal sufficiency, iHub will attempt to notify the member(s) whose account information is being sought. Any subpoena must allow a minimum of twenty (20) days in order to allow named members the opportunity to move to quash the subpoena.
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