It would make sense HJOE can put it behind them and move on. But on another note who bears the most risk. If it goes through court and HJOE loses they will owe KBM. While if KBM loses this case their whole business is in jeopardy. They could be shut down completely. Not only that but these toxic lenders communicate with each other and trade information about the companies they lend to. That's why many of them loan money to the same companies then work together to maximize their profits at the expense of the companies and their shareholders. If KBM loses this case it could send ripples throughout the whole toxic lending industry. Just like it did with the payday lenders who got away with it for years and are now paying the price in many states with usuary laws. Not a very good risk reward ratio for KBM. Not to mention possible criminal charges, SEC violations and fines.
(6)
(0)
Hangover Joe's Holding Corporation (HJOE) Stock Research Links