So more and more talk and no actions.
You are ONLY NOW getting to the first days when someone other than HF has control over the delays. We are basically at day ONE because of the stonewalling of HF management. Even after they agreed to give up some control, they then delayed before doing what they agreed to. Disgusting behavior. Just like their testimony where Simon "has no idea why they set up the Delaware LLC".
Just read the sworn testimony at the link above. While people were asking for refunds AND MANAGEMENT INCLUDING MONICA knew the company was insolvent, they gave everyone raises (some of them $100,000 per year) for FAILING and they started paying 85,000 per month in "royalties" to a delaware company for use of the IP that the delaware LLC paid NOTHING FOR.
This is probably the most important point everyone needs to read in the testimony for themselves and think about what kind of people would do that. You have wasted $20 Miilion of other people's money and your actions AFTER it is clear the ship is sinking is to enrich yourself personally through cash raises and an attempt to steal the assets of the company (that other people's $20MM paid for) by transferring them to another company that MOST employees (including the CFO) own shares in.
You obviously didn't read the transcripts. The money paid to the other company was for engineering work done for the IP that is supposedly worth $30M according to Simon and worth almost nothing according to Monica. The fact is the company just did the two company model to hold the IP and move dollars back and forth. It wasn't even kept right in the accounting per the testimony and had no stealing of assets involved - that just shows how illiterate you are with basic accounting.
However it is sinful that raises were given to employees who had only been with the company months, some of them big so I do agree with you on that point. Its probably criminal.