Nice recap...also want to mention that attempting to check through the Merriman report to see what prompted the recent upgrade of Blue Calypso to "buy" proved futile since the link provided in MERR's press release is broken. Somebody ought to fix that!
The burn rate was said to be 200k/month not 2k and debt owed to friends and family 600k not 60K. All in all pretty much what I expected although I think based on comments pre CC some will be disappointed. When it comes to litigation you will never get answers with ongoing cases.