Posted On: 08/18/2016 8:00:16 PM
Post# of 72451
An untruth is constantly being repeated: the claim that we gave the Ashcroft Firm a million shares.
WE DID NOT GIVE THE ASHCROFT FIRM A MILLION SHARES.
They were given warrants to PURCHASE a million shares at 1.70. In other words, they are going to give CTIX 1.7 MILLION DOLLARS at some point in the future, when CTIX stock is trading significantly above 1.70 -- enough so to make it worth it for the Ashcroft Firm to want to want to cash this in and collect their profit. I'd say they'd be foolish to cash it in for less that 2/share, and since once we cross 2 we're likely to go MUCH higher, I'd say cashing them in at that point is unlikely.
When this was announced, CTIX valued those warrants at $432,000. However if the judge awards CTIX 432K for legal fees, they can also ask for all expenses. There are a shockingly large amount of expenses for a case like this, and I would certainly hope that they include travel expenses for Leo Ehrlich and any others that traveled on behalf of the suit.
If there is a stronger vote of confidence for this stock than the fact that the Ashcroft Firm was willing to take a deal like this WHEN THE STOCK WAS TRADING AROUND 1.20, I sure don't know what it is. And remember, these are very smart, very experienced, hardened LAWYERS.
WE DID NOT GIVE THE ASHCROFT FIRM A MILLION SHARES.
They were given warrants to PURCHASE a million shares at 1.70. In other words, they are going to give CTIX 1.7 MILLION DOLLARS at some point in the future, when CTIX stock is trading significantly above 1.70 -- enough so to make it worth it for the Ashcroft Firm to want to want to cash this in and collect their profit. I'd say they'd be foolish to cash it in for less that 2/share, and since once we cross 2 we're likely to go MUCH higher, I'd say cashing them in at that point is unlikely.
When this was announced, CTIX valued those warrants at $432,000. However if the judge awards CTIX 432K for legal fees, they can also ask for all expenses. There are a shockingly large amount of expenses for a case like this, and I would certainly hope that they include travel expenses for Leo Ehrlich and any others that traveled on behalf of the suit.
If there is a stronger vote of confidence for this stock than the fact that the Ashcroft Firm was willing to take a deal like this WHEN THE STOCK WAS TRADING AROUND 1.20, I sure don't know what it is. And remember, these are very smart, very experienced, hardened LAWYERS.
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