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sirhaggus Member Profile sirhaggus Member Level 
Thursday, February 02, 2012 12:11:48 AM
Re: bigRcat45 post# 54405
Post # of 54437 
Both sides valued the patent between 100 million and over a billion with Dave clearly exagerating by saying it was worth a zillion.

I beleive it was Kyle who mentioned that the company has in the neighborhood of $5,000 in cash.

No other assets were mentioned aside of the patent.

Cristian did mention in his testimony when talking specifically to the judge that an investor is interested in loaning the company several million dollars to move things forward.

I don't recall if there was a mention as to how much debt the company has in total. I do recall there being 120,000 or so as a result of a case that was recently settled, 400k roughly that is owed to Dave Williams, 35k to Kyle's family, and a few hundred thousand owed to various lawyers. There may have been other amounts mentioned but I don't recall specifically.

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