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Message: Re: Schwartz shady dealings by skadar - SGE

Jun 19, 2007 06:10AM

Jun 19, 2007 06:12AM

Jun 19, 2007 06:18AM

Jun 19, 2007 06:32AM

Jun 19, 2007 07:04AM

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Jun 19, 2007 08:38AM

Jun 19, 2007 12:18PM

Jun 19, 2007 12:25PM

SGE,

Im sure Swartz doesn't know everything as if he did we probably wouldn't be sitting at .50 but I'm pretty sure he knew that the patents were worth more than the $5-$6M million in debentures that he loaned us. In fact I believe PTSC had an independent appraisal conducted that valued the patents at $187M about 5 years ago. Im certain Swartz would (and proabably did) have done the same thing before loaning us any money. Also if S/L were not sure the patents were worth more than the $5-$6M there would be no reason to place a lean against them or for that matter loan us uncollaterized money. All I'm trying to say is they didn't take the kind of risk that warrants raping this company the way they have.

On another note I just wanted to say you and a few others here have been doing an outstanding job discussing details of the markman ruling. Thanks for simplifying some of the more complex legal questions the board has had over the last few months. Much appreciated.

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