Sorry to be picky but ... It would be more accurate to say "re the sale of Game Theory and Excapsa Services, the companies that provided and ran the software that powered UB."
There are two lots of Excapsa shares coming from unnamed shareholders. One, the smaller amount, will be cancelled. I'm not sure this is being applied against any specific debt. The larger amount will be used as security against a portion of the money Blast Off still owes to Excapsa (not UB). I think that means they get cancelled if Blast Off defaults.
Excapsa is the previous provider of the software that ran UB. As I understand it, the name "UB" and the website used to belong to eWorld Holdings before Norton acquired them.

The rest of your summaries seems fine. Wish I was as concise as you!

i've asked this a couple of time but no answer.

is there any question about Pierson being a major shareholder in UB ?

because if so, thats not what he told me directly several years ago. i posted a brief summary of my conversations with him over on this thread

Assuming that what Boston0407 reported about exhibit J is accurate, and I have no reason to doubt that it is, then it seems likely that Pierson (and maybe some family members?) owns a major chunk of Excapsa. Excapsa is the company that bought the software from ieLogic, Pierson's old firm.

I'm going to see if I can get my hands on a copy of the missing exhibits. Hope to know more tomorrow.

IOW Pierson seems to have sold to himself, and some friends.

Remember that Excapsa was first incorporated in British Columbia, which is just across the border from Washington State, making it the closest Canadian location to ieLogic's former office.

like i said in my post on the other thread, in late 2003, Pierson explained to me on the phone the structure he used to obsifcate his ownership in UB (as he was a US citizen and owning a gamblig sites was and still is illegal)

also he was interviewed and it aired during season 1 or 2 whe WPT used to cover Aruba. he was presented as representing UB

Ya I wish I dumped more money online. FTP and Stars can do no wrong. RIGHT!

peaceout- I don't think there is a whole lot of doubt any more about his ownership interests. See also the last post in Kevmath's sticky that links to an article roy cooke wrote about Pierson being a principal founder.

I was asking back in the AP threads what possible connection there could be between him and the mess even though there was little to tie him directly at the time.

thanks. I havent been following it, and just assumed that it was understood he was owner.

I wish there was a way to pull up very old AOL emails, cuz i think he and I exchanged a few emails on the structures he had set up to obsficate his ownership

A list of the Excapsa shareholders. http://www.divshare.com/download/5684515-1fa

Erik Pierson - 10,128 shares
Lenord Pierson 5,000 shares
Fred David - 1,680,00 shares
Daniel Cunningham & Melissa Cunningham - 2,085,872
RBC Trustees (CI) lIMITED 3,279,792 shares
Charles Schapp 3,843,504 shares
Omaha Beech Investments LLC 4,000,000 shares
The Desert Palm Irrevocable Trust 4,304,730 shares
Molly O'hearn Living Trust 4,304,728 shaes
The Tip Top Irrevocable Trust 9,385,822 shares
The Risingson Irrevocable Trust 13,220,816 shares
Stephanie Herlea 8,000 shares
Leonard Morgan 5,000 shares
Charles Fletcher II 5,128 shares
Tamara Jean Smith 5,128 shares
Julia Bodine - 5,128 shares
Joel Cunningham 12,300 shares
Coruin Swick - 20,000 shares
Whitney Arnold - 70,000 shares
Scott Kirkowski - 84,000 shares
Jason Karl - 255,984 shares
Daniel Friedberg & Raywa Friedberg - 331,069 shares
Gerald Fujii - 443,997 shares
Melissa L ????? - 737,952 shares
Uri Kozai - 1,200,000 shares
Dawiel Friedberg - 1,360,000 shares
The Clearwater Irrevocable Trust - 2,085,872 shares
Chomvilai Hanchena - 2,935,512 shares
Roger K. Gaumnitz Family Partnership - 3,074,800

FYI: That link now returns "Sorry, we couldn't find this file."

The complete Mintz Report link, http://www.divshare.com/download/5684515-1fa, still works.