Thread: Petit's future
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Old 24 Oct 2007, 09:56 (Ref:2050038)   #7
JohnSSC
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Except, GTRMagic, this one is/was owned by one of the owners of the series. If his resources are that limited that he cannot keep a one car operation open in Colorado or anywhere else, then his resources must also be limited insofar as helping to keep CC afloat.

With Forsythe seemingly much less interested than he has been in the past, that seems to leave only KK actively writing checks. With the JDS/Uniphase thing ongoing and a burn rate of $600 or $700 per hour per attorney plus costs, the impact on his ability to finance CC has to be eroding.

With the case scheduled to be completed by December, one could anticipate a verdict by around New Year. If KK loses (note: I am saying IF) then the potential award is going to be a concern. Even with appeals, sooner or later you have to pay it if the verdict is not overturned. If his side wins the other side will appeal and you go back to burning $600 + per hour. An expensive scenario.
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