I have to respectfully disagree, clearing out this
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Posted On: 05/05/2017 7:08:00 AM
Re: 1965corvair #12116
I have to respectfully disagree, clearing out this debt and stopping any further possibilities of share conversion is a win for the investors and the company.
Letting it go to default and just getting this over with looks a bit shitty on the surface but not sure if you could have stepped into court and not put up some sort of fight. It bought time.
Look at what they have been able to accomplish with the time they "bought". Pretty impressive. If they can get the other 2 worked out the company will have cleared the books and continue to survive and build on its own feet. Try to find another OTC that does that, and with international expansion!
While I would greatly benefit from a return don't kid yourself on how much the company would benefit. To expand the company from within on its own sales is no small feat! To unleash additional public funding possibilities would make this company a true contender.
The founders would be instant Millionaires! That in itself is one hell of a motivator. Shit I think I would be a millionaire and get pretty excited on the thought of a refile, can't even imagine how the inside investors think of a refile.
Lastly, someone doesn't want this back and I do believe they want to bend these bastards over and stick it to them. The courts next hard date was Feb of 2018, that shit is now done and it is May 2017. They saved us at least 18 months of court and opens this up to real possibility of refilling in early 2018. HJOE day?
Just my 2 cents
Letting it go to default and just getting this over with looks a bit shitty on the surface but not sure if you could have stepped into court and not put up some sort of fight. It bought time.
Look at what they have been able to accomplish with the time they "bought". Pretty impressive. If they can get the other 2 worked out the company will have cleared the books and continue to survive and build on its own feet. Try to find another OTC that does that, and with international expansion!
While I would greatly benefit from a return don't kid yourself on how much the company would benefit. To expand the company from within on its own sales is no small feat! To unleash additional public funding possibilities would make this company a true contender.
The founders would be instant Millionaires! That in itself is one hell of a motivator. Shit I think I would be a millionaire and get pretty excited on the thought of a refile, can't even imagine how the inside investors think of a refile.
Lastly, someone doesn't want this back and I do believe they want to bend these bastards over and stick it to them. The courts next hard date was Feb of 2018, that shit is now done and it is May 2017. They saved us at least 18 months of court and opens this up to real possibility of refilling in early 2018. HJOE day?
Just my 2 cents
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