To: peacelover who wrote (7266 ) 2/21/1999 5:51:00 PM From: Jud Read Replies (2) | Respond to of 9391
Recent postings have encouraged BNEZ to drop the lawsuit against AOL. I disagree. I sincerely believe BNEZ was screwed and the CDA should not protect AOL. I believe AOL was doing more that allowing a third party to post on the internet service AOL provides. AOL was actively engaged in the process and as such a participant should compensate BNEZ for the damages it incurred. And, these damages were severe, especially the loss of the loan that was within BNEZ's grasp. I especially say no to quitting the lawsuit now. In just a few days, as I understand it, the judge will hear the two sides in open court and then make a ruling (Note please that there could be a time delay between the hearing and the ruling.) If he rules in favor of AOL and gives them summary judgement -- its done. If he rules against AOL, we go to the next step, and IMHO, BNEZ has a decent chance of prevailing. I personally want to let the time pass and hear the judge rule and get to that point where the judge says NO to AOL and lets proceed with real discovery and a trial. At that point all kinds of things can happen. I don't need to enumerate. But, out of court settlement is obvious. Other interesting scenarios are out there as well. If the court says yes to AOL and no to BNEZ, then everything is done which is what those who are espousing dropping the lawsuit now want. For the time there is left to the decision by the judge it just makes no sense to stop now. Why is it there are those who espouse quitting the lawsuit? Well, let's rule out that we are hearing from someone who has AOL's best interests at heart. Certainly that is a possibility, however. The reason I'm picking up on is that by stopping the lawsuit then BNEZ can begin reporting. (Oh, yes, I've heard the bit about costs of the lawsuit and Mr. Weinstein being tied up with it, but I believe those are secondary to what is on most posters' minds now.) Well, in answer, who knows whether reporting status would occur even if the lawsuit were dropped? My personal opinion is that it would not start for quite sometime anyway. And, this is due to the consignment of PMA and the real possibility that product could be returned to BNEZ. Until enough time has passed for the consigned product to become vested in the buyer's inventory, i.e. not returnable, what is there to report? Is BNEZ to report we may have sold this many PMA? What good does that do anyone? Then, there's the argument that the BNEZ principals have decided that non-reporting is good for BNEZ despite the lawsuit and despite the problem/situation discussed above. I don't know why this would be the case, but if it is, then it is, and dropping the lawsuit would just have the effect of exposing the strategy, not changing it. Why expose it now when we've all lost half, two-thirds or three-fourths of our investment. Nope. I'm going to play along -- hope we win the summary judgement -- hope the packaging gets substantially improved -- hope Dr. Clarke surfaces with something terrific to tell us -- hope that MItchell is brought on board because of his talent and enthusiasm -- hope that reviews on PMA start coming in and they are terrific. I am just one hopeful guy. Most likely wrong too, but that's where I'm placing my bet....uh my investment for now. JMHO Jud