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Posted On: 07/23/2023 3:12:39 PM
Post# of 148891
I understand your point but am not sure what compliance queens have to do with the net worth of a company that I don't believe is a publicly traded company. My point is that I don't think SA has any idea what Amarex has on hand in terms of cash, etc., because that would not be public information. At worst, perhaps CYDY could recover what they paid to Amarex if Amarex still had that much on hand.
SA is coming up with a number based on many factors, but not based upon what the company is worth. It is based more on potential damages, whether or not Amarex can actually bear the cost if found liable for a number more than what they have.
In civil suits, people/companies are often found to be liable for more than they can pay. Remember Bernard Goetz, the subway vigilante, or even OJ Simpson? Case in point.
SA is coming up with a number based on many factors, but not based upon what the company is worth. It is based more on potential damages, whether or not Amarex can actually bear the cost if found liable for a number more than what they have.
In civil suits, people/companies are often found to be liable for more than they can pay. Remember Bernard Goetz, the subway vigilante, or even OJ Simpson? Case in point.
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