If you read the charges and the "spoils" they allegedly will receive if victorious (looks highly likely they will be), you'll see that while you're correct about the fact that it'll give our share structure and even the bottom line a "shot in the arm", the success of the company and the upward movement of the pps definitely doesn't hinge primarily on the lawsuit. I believe that's what Jersey is saying, and regardless, that's my take on it.
I agree that it's surely quite significant, but the proof of cash in hand from that huge deal just inked is the juicy bit of news that most are waiting on, near term anyhow. Investors also want to see the launch of the new HEMPd CBD infused products.
The lawsuit, according to Dadon, won't be heard until December. Not going to stop the progress of this company, or the corresponding increase in the pps, but surely the stock will pop but good with a positive outcome to frost the cake with if they grow the company as much as it now appears they will over the course of the year.
They've already taken the necessary precautions concerning the Lili Li series A preferred shares, or former "control block", by adjusting the share structure to render it moot. They won't be able to interfere with managements decisions. I also believe they are not able to execute any conversions with those preferred shares as they're tied up in a pending lawsuit.
That's one of the benefits of a victory (outstanding share reduction), but again, not something they couldn't fix via share buy back and reduction of authorized shares once revenue growth becomes strong enough.
At that point, no further dilution will be needed either. So far, they're using their financing very wisely. Nevertheless, they'll surely get the shares back since they were allegedly sold illegally. JG will likely have to settle up with Li and crew for the cost of their illegally purchased shares.
I agree that it's surely quite significant, but the proof of cash in hand from that huge deal just inked is the juicy bit of news that most are waiting on, near term anyhow. Investors also want to see the launch of the new HEMPd CBD infused products.
The lawsuit, according to Dadon, won't be heard until December. Not going to stop the progress of this company, or the corresponding increase in the pps, but surely the stock will pop but good with a positive outcome to frost the cake with if they grow the company as much as it now appears they will over the course of the year.
They've already taken the necessary precautions concerning the Lili Li series A preferred shares, or former "control block", by adjusting the share structure to render it moot. They won't be able to interfere with managements decisions. I also believe they are not able to execute any conversions with those preferred shares as they're tied up in a pending lawsuit.
That's one of the benefits of a victory (outstanding share reduction), but again, not something they couldn't fix via share buy back and reduction of authorized shares once revenue growth becomes strong enough.
At that point, no further dilution will be needed either. So far, they're using their financing very wisely. Nevertheless, they'll surely get the shares back since they were allegedly sold illegally. JG will likely have to settle up with Li and crew for the cost of their illegally purchased shares.
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