Replies to post #52663 on SPO Networks Inc (SPOI)

[Bluhorshu]

Sparks100-Read your updates and court documents, twice!!! Thought your basketball analogy fit well. With all my great moments in life, nothing has been a complete smooth ride, nor do I suspect HLNT will be one either. But I am in for the ride and eye on the prize.
If, or rather, when we have that celebration party down the road, my husband and I looking forward to shaking your hand SIR.

[4Zoe]

Thanks Sparks for the update, and
you said...

"and next week, there will be negotiations that should lead toward a settlement."

Does that refer to the basic hope that we have
been talking about concerning the NIR settlement?

...early as next week...sounds like buying time

...head still spinning from all the legalize ;-)

[GENEO1]

THANKS SPARKS FOR ALL YOU DO FOR THIS BOARD!!!!

[onceinawhile]

A settlement next week does seem like the logical scenario. That is if PWC comes in with a reasonable offer. Otherwise, an appeal, as you state, is the most probable scenario, and that will incur more legal fees for all the parties involved.

Wish the Judge had ruled in the affirmative with the Fraud, as that would have been a slam dunk at the buzzer for the win. When I read the documents, and in your post, it appeared that the Judge upheld HLNT’s counter claim against NIR for Breach of Fiduciary Duty; shouldn’t that be sufficient grounds to negate HTI's obligation to convert the notes held by NIR?

Thanks Sparks for the excellent analysis and input.