Ann: Further Significant Megabit Success, page-812

Just to be clear, the BOD have a duty to ensure the best possible outcome for shareholders in the eventual sale of the IP. This means that they MUST consider ALL offers and actively pursue the best sale price.

This continued talk of WD being the likely purchaser is a very far fetched notion. They are not even in the same league as the ‘real’ players. Just have a look at their current balance sheet and you will see what I mean. They can’t compete in an auction environment for the sale of our IP, and that is the likely scenario.

It is probably one reason why they were interested in a 20 year non-exclusive licensing arrangement. They knew that they were unlikely to be in a position to buy the IP if 4DS reached its stated goals.