So from reading this a couple of things jump out beside the fact that QSGI's attorneys do not read emails and apparently do not have access to emails when out of the office.
The SEC investigation is still active.
The firm that has been representing Marc Sherman and responsible for housing all documents now does not have the documents and FARROW is responsible for the documents. Why the change since the original IBM deposition? Is Marc Sherman being represented by a new firm in the SEC active case? If he changed, why? Could it be money related? The IBM team is being very thorough and Farrow is being evasive which is good for their client. What will the judge think of both tactics? Marc Sherman and QSGI have an SEC investigation, IBM lawsuit and TGG lawsuit and I doubt that two of those are on a contingency basis for billing.
With the share price dropping, Mr. Sherman's and QSGI value is dropping while legal bills are mounting. Not good for any company and especially one with no financial reports as promised months ago. I personally was involved in a simple architectural suit and saw two depositions, one expert witness and mediation and my bill was $90,000. These lawsuits can get real expensive real fast. The SEC and TGG are HUGE unknowns and until more info comes out in a positive light, why would anyone want to invest in this company? At the current time it is a pure gamble at this time in my opinion.
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