Guess I was misunderstood...

When we say "material event" in SEC terms, that means an 8-K filing is required..as for example when Fred released DM and hired Handal.

Another, when RP resigned....change in executive mgmt.

My understanding is, and could be wrong, anything that impacts the company in a "material way" an 8-K is required.

We sued ArSoft, they settled and licensed....does the SEC consider that a material event? If so, an 8-K is required to be filed in 3 business days... to the best of my limited knowledge.

If we settled for $100 Mln and royalties for the life of the patents paid quarterly, ya Man...material as all get out...8-K time....IMO.

sman...anyone?