We shareholder eagerly wants answer to some of these questions
in response to
by
posted on
Jul 11, 2017 06:57PM
1. What was the reason in the Inter parte review between e.DIGITAL & Google we saw and i personally found and copy and pasted this paragraph "Google v. e.DIGITAL settlement and License agreement "
what was the content of this agreement ? why it said license agreement ?
2. As Lamfrendly posted several times , why this promising industrial design announced in Press release close to year ago and nothing accomplished and never talked about it since then !
"The Company recently completed the industrial design phase of the project and continues to focus on firmware and software development."
3. Why they decided for a nuclear option like chapter 7 , instead of chapter 11 as we know,
When a Chapter 11 filing doesn't result in a Section 363 sale, however, it may provide a small glimmer of hope for investors seeking to recoup at least some of their money. That's because reorganization plans sometimes include provisions for shareholder relief.
To reorganize under Chapter 11, a company must negotiate a reorganization plan with a government-appointed committee of company stakeholders, which is typically made up of creditors and can also include company stockholders. The plan will stipulate how much of the company's debt it will pay off, how much it will discharge, and it may also offer shareholders some sort of compensation for their shares.
The plan is typically put to a vote, but even if creditors or stockholders reject the plan, the court may still determine that the plan is fair and should be implemented.In a small number of cases, shareholders may receive substantial compensation -- such as cash or shares in the new company .
we long time share holder are in complete dark situation . We dont know why at least last 6 PR shows such a promising looking forward good news statements ? . Recently i talked with several shareholder re current shocking outcome of the company, their comments are extremely disheartening and sad. Some of investor invested in this company from their retirement fund , other invested for their child future college tuition fund ,and many others invested to get benefited from potential of patents in Internet of things and get rewarded. We shareholder wants to know what really happened , and why such a sudden drastic decision !
My only wish and may be majority of shareholder is hopefully the judge of Bankruptcy Court Dismisses Chapter 7 Case After Making Finding of Bad Faith.