FYI !
posted on
Aug 02, 2017 10:27AM
I contacted and consulted a top attorney in Los Angeles . After brief reviewing the case this was some of his comments ;
1. Filing for Bankruptcy in 2 state California & Delaware by itself raising some questions ,possible foul play !
2. If the Trustee & Judge found intentially the BOD not filing the Patents as part of assets it will be major concern for Fraud implication and most likely jail time.
3. He noted its extremely important each shareholder should write to Trustees & Judge re their own concern in this regard . It only needs few lines re subjects of no significant debt , Lack of Considering Patents in chapter 7 filing and all optimistic forward looking comments in press Releases.
4. Also by writing and attending at those 2 days of Aug 9 and 10 meeting they should pointed to Trustee that , the shareholder needs to now the content of Google v. e.DIGITAL settlement and license agreement from June 2016.
5.He also pointed as more shareholder attending the Debtors meeting it makes more pressure on Trustee to look after the detail of this unusual hasty chapter 7 filing.
6. He also commented Mary Fales Patent Attorney withdrawal and he mentioned it has to be investigated , because one of the reason she quit was " A client insists upon taking action that the practitioner considers Repugnant or with which the practitioner has a fundamental disagrement".
7. Last he was concerned all those buying and selling activitites last coule of month for possible some unusual insider activity that should be investigated.