For what its worth - Davie pled guilty to the IRS charges and the sentincing hearing for has been set for October 14, 2011 10:30 AM at Courtroom 1030, LOng Island Courthouse, 100 Federal Plaza, Central Islip, NY before Judge Joanna Seybert...
Next court date is September 15th. The new developments consist of (1) the company appears to be making money (even if only for a while) and may not be administratively insolvent if things continue to progress as they have and (2) the once prevalent rancor appears to have given way to consensual and civil negotiation as evidenced by a dearth of combative filings on the docket. IMO, this is an entirely different case now.
For now the silence is music to my ears. Equity is now represented by very competent counsel with a great track record for obtaining successful results for shareholders.
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