Parkhurst responded he has documentation showing planning for creating a separate entity in late 2011 — before a discussion took place between the collaborative and US Fleet Tracking. He said the intent was to turn okcCoCo into a nonprofit that would continue to provide mentoring, workshops and special event hosting, while the office lease would be handled by 404 LLC.
Parkhurst said 404 LLC was not set up with any intent of misleading US Fleet Tracking, and that funds contributed by the company were not used to benefit 404 LLC.
Parkhurst said new settlement discussions are being attempted as okcCoCo ends operations. With the demise of okcCoCo, mentoring and special events will cease, but Parkhurst said the office will remain open as the home of 404 LLC.
“I'm more hopeful than I've been in the past,” Parkhurst said of the likelihood of a resolution. “I think we're very close.”