So...the manipulation of the share price Cereplast
Post# of 49
Posted On: 12/29/2013 9:45:30 PM
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Re: 12 year pipedream #27
So...the manipulation of the share price Cereplast is claiming of Magna in the case proceeding quickly to trial:
72. Upon information and belief, Magna engineered that price decline by selling large swaths of Cereplast stock (acquired via conversion notices, as described above) with the intention of artificially creating the opportunity to subsequently convert Cereplast’s promissory notes into Cereplast’s common stock at a much lower conversion rate.
73. By artificially driving down the price of Cereplast’s common stock, Magna has deprived Cereplast of the benefit of its bargain, has significantly impaired Cereplast’s ability to obtain the benefits of the Exchange Agreement and has breached the implied covenant of good faith and fair dealing.
74. As a consequence, Cereplast has suffered and will continue to suffer harm and loss.
One year of evidence of bashing Cereplast on social media sites like Ihub becomes material to the case - kind of poetic justice and on topic for annoyed longs.
Good Luck to all non-longs. EOM.
72. Upon information and belief, Magna engineered that price decline by selling large swaths of Cereplast stock (acquired via conversion notices, as described above) with the intention of artificially creating the opportunity to subsequently convert Cereplast’s promissory notes into Cereplast’s common stock at a much lower conversion rate.
73. By artificially driving down the price of Cereplast’s common stock, Magna has deprived Cereplast of the benefit of its bargain, has significantly impaired Cereplast’s ability to obtain the benefits of the Exchange Agreement and has breached the implied covenant of good faith and fair dealing.
74. As a consequence, Cereplast has suffered and will continue to suffer harm and loss.
One year of evidence of bashing Cereplast on social media sites like Ihub becomes material to the case - kind of poetic justice and on topic for annoyed longs.
Good Luck to all non-longs. EOM.
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