Man, you're really grasping at straws now. Here's a portion of the January 24th news release.
On another front, Pettit made the following statement with respect to certain litigation in which ANTs is currently involved. He said,
"In 1992, ANTs Technology licensed certain technology called 'CATS' to a company called Mosaic Multisoft Corporation in return for a 26% interest in Mosaic and rights to cash royalties. The pending litigation commenced by a shareholder and creditor of Mosaic challenges a January 1995 decision by Mosaic's board of directors to terminate the employment of its president. The claim against ANTs Technology is that it improperly influenced the directors.
A motion for summary judgment by ANTs Technology and the other defendants is scheduled for hearing on February 4, and a trial is scheduled for March 31. Based on discussions with our attorneys, we believe that the defendants, ANTs being one of same, ultimately will prevail, although there can be no assurances. If we were to lose, the likely consequence would be an award of damages limited by plaintiff's $250,000 lost investment in Mosaic. Ownership of any and all ANTs' technology is not at issue and would not be affected regardless of the outcome. We will release more information as it becomes available."
Looks to me that the ANTs's technology is not even an issue. Most at stake is only $250,000. |
